State Bank of India (SBI) Current Affairs, GK & News

SBI Ecowrap report- Highlights

The Economic Research Department of State Bank of India (SBI) released its research report called SBI Ecowrap, proposing 5 significant agricultural reforms. Highlights SBI published its report in the backdrop of withdrawal of three agricultural laws. What are the proposed reforms? SBI has proposed following 5 agricultural reforms: Quantity Guarantee Clause: Instead of Minimum Support ..

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SBI Financial Inclusion metrics report

The State Bank of India (SBI) has released its Financial Inclusion metrics report. It has been prepared by Chief Economic Advisor of SBI group, Soumya Kanti Ghosh. Key Findings of the report The report states that, financial inclusion policies have a multiplier effect on economic growth, income inequality and reducing poverty. It is also conducive ..

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Rajnish Kumar joins BharatPe as Chairman

Former chief of State Bank of India, Rajnish Kumar, has joined the Board of BharatPe as chairman. Key Points Rajnish Kumar will get involved in defining the short-term and long-term strategies of companies. He will also work closely with other Board Members and chief experience officer (CXOs) on key regulatory and business initiatives. BharatPe-Centrum Capital ..

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What are AT1 bonds?

India’s largest lender State Bank of India (SBI) announced on September 3, 2021 that it has raised Rs 4,000 crore through additional Tier 1 (AT1) bonds. Key Points AT1 bonds were raised at a coupon rate of 7.72%. It the first such issuance in domestic market after the Securities and Exchange Board of India (SEBI) ..

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Google Pay expands Cards Tokenization

Google has extended card tokenization by bringing in more banks for card on the Google Pay app. What is card tokenization? Card tokenization is a feature which lets users make debit or credit card payments through a secure digital token which is attached to their phone. It does not require to physically share credit or ..

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