As per the latest data collated by PGA Labs shows that, the State Bank Of India has topped debit cards market with a 30% market share, as of June 2022. Followed by Bank of Baroda (8% market share), Bank of India, Canara Bank Union Bank, and Punjab National Bank with 5% each. HDFC Bank also topped the […]
SBI topped the debit card market and HDFC leads credit card Read More »
Government’s Department of Pension & Pensioners’ Welfare (DoPPW) will collaborate with the State Bank of India (SBI). Aim: to create an integrated pension portal, which helps to enhance ease of living of pensioners. It was decided during the special session, that immediate efforts are needed for the creation of pension portal by linking the existing portals of the
Govt to collaborate with SBI for creation of integrated pension portal Read More »
Ather Energy is partnering with SBI to provide financing options to interested buyers. The electric scooter maker plans to ease the process of purchase of EV two-wheeler for its buyers. Ather plans to use SBI’s massive reach in the country to provide wider financing options to its customers. As part of the association Ather Energy
Ather Energy partners SBI for customer retail finance Read More »
SBI Research has estimated the growth of the Indian economy at 7.5% in 2022-23, an upward revision of 20 basis points from its earlier estimate. According to the official data, the economy will grow by 8.7% in FY22, net adding ₹11.8 lakh crore in the year to ₹147 lakh crore. Nominal GDP will inflate by ₹38.6 lakh crore to
SBI revises up FY23 economic growth forecast to 7.5% Read More »
SBI and Border Security Force sign MoU to offer curated benefits through CAPSP Scheme: The State Bank of India (SBI) and Border Security Force (BSF) have signed a Memorandum of Understanding (MoU) in order to offer solutions for financial security to serving and retired BSF personnel and family pensioners through the Central Armed Police Salary Package (CAPSP)
SBI signs MoU with Border Security Force to offer curated benefits through CAPSP Scheme Read More »
The Tata Group has chosen State Bank of India, Bank of Baroda and HDFC Bank as preferred bankers for Air India. Recently Tata Group has taken over Air India from the government. Air India is the largest international carrier out of India with an 18.6% market share. Tata Sons have availed of a Rs 10,000-crore loan from SBI and a Rs
Tata Group choose SBI, Bank of Baroda and HDFC Bank as preferred bankers for Air India Read More »
SBI Cards and Payment Services have partnered with Paytm for card tokenisation to protect the data of cardholders. SBI Card will enable cardholders to tokenise their cards on devices and make payments through Paytm Tokenisation refers to masking the original card number by replacing it with a set of unique characters known as token. Token
SBI Card joins hand with Paytm for card tokenisation Read More »
State Bank of India will acquire up to 9.95% stake in India International Clearing Corporation (IFSC) Ltd subject to maximum investment of 34.03cr. The Clearing Corporation acts as a central counterparty providing clearing & settlement and risk management services to India International Exchange (IFSC) Ltd. The Clearing Corporation is a GIFT City (Gandhinagar, Gujarat) based
SBI to acquire 9.95% stake in GIFT-IFSC-based Clearing Corp Read More »
The State Bank of India (SBI) issued $650 million in green bonds on the India International Exchange (India INX) and the Luxembourg Stock Exchange(LuxSE) on November 22. This dual listing is in line with 2021’s topic of the World Investor Week (WIW), ‘sustainable finance’, as indicated by the regulatory body International Financial Services Centres Authority (IFSCA). India
SBI listed USD 650-million Green Bonds on India INX and LuxSE Read More »
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on State Bank of India (SBI) on November 26, 2021, for violating sub-section (2) of section 19 of the Banking Regulation Act, 1949. SBI held shares in the borrower companies of an amount exceeding 30 percent of the paid-up share
RBI imposes Rs 1 Crore penalty on SBI For violating norms Read More »
