Page-9 of SBI
SBI seeks to take over 5 associate PSBs, Bhartiya Mahila Bank
The country’s largest lender, State Bank of India (SBI) has decided to merge its five associate public sector banks (PSBs) and the Bharatiya Mahila Bank (BMB) with itself. In this regard, SBI has informed the Bombay Stock Exchange (BSE) that ..
Month: Current Affairs - May, 2016
SBI granted operating licence by Myanmar
India’s largest lender State Bank of India (SBI) has been granted preliminary approval to operate Myanmar. SBI was granted operating licence by Myanmar Government along with three other Asian banks. They are Bank for Investment and Development of Vietnam, Sun ..
Month: Current Affairs - March, 2016
SBI Launches SBI e Smart SME to offer Ecommerce Loan
India’s largest lender State Bank of India (SBI) has launched SBI e-Smart SME to provide a working capital loan for sellers on ecommerce platforms. It was launched by SBI in partnership with ecommerce platform Snapdeal in the presence of bank’s ..
Month: Current Affairs - February, 2016
SBI opens Japan Desk in New Delhi
India’s largest lender State Bank of India (SBI) has launched ‘Japan Desk’, a single window for inbound Japanese investments in India and vice-versa. This is a first-of-its-kind initiative that seeks to facilitate Japanese corporates looking to invest in India with ..
Month: Current Affairs - February, 2016
SBI Launches First Dedicated Branch For Startups – SBI InCube
India’s largest lender, State Bank of India (SBI) has launched dedicated specialized branch for start-ups called ‘SBI InCube’ in Bengaluru, Karnataka. It was announced by BI Chairman Arundhati Bhattacharya in Bengaluru, Karnataka. SBI InCube The ‘SBI InCube’ branch will cater ..
Month: Current Affairs - January, 2016
RBI imposes Rs 1 crore fine on State Bank of Travancore
The Reserve Bank of India (RBI) has imposed a monetary penalty of one crore rupees on State Bank of Travancore, an SBI associate bank for violation of some of its instructions. The monetary penalty was imposed on State Bank of ..