The Reserve Bank of India on October 18, 2021, slapped a fine of Rs 1 crore on State Bank of India NSE -0.50 % for failing to comply with fraud classification rules. The regulator said it had conducted a probe in accounts maintained with SBI and had found it deficient in reporting frauds. The ...

Amit Saxena, Global Deputy CTO of State Bank of India has joined RBI Innovation Hub as the CTO. On Aug 6, 2020, the Reserve Bank announced that it would set up Reserve Bank Innovation Hub (RBIH) to promote innovation across the financial sector by leveraging on technology and creating an ...

State Bank of India recently launched the Aarogyam Healthcare Business Loan to provide enhanced support to the healthcare sector in the country amid pandemic. Daily Current Affairs Quiz 2021 Under the Aarogyam Healthcare Business Loan, the country's largest lender will cover entire ...

State Bank Of India invites Job Applications for the posts of 56 Bank Medical Officer (BMO-II). Apply Online before 19 September 2019. SBI Recruitment Qualification / eligibility conditions, how to apply & other rules are given below. Name of the Post: Bank Medical Officer (BMO-II) ...

The State Bank of India is planning to end the ubiquitous usage of debit cards from the banking system. “It is our wish to eliminate the debit cards, and am sure we can eliminate them,” said SBI chairman Rajnish Kumar while at the annual FIBAC, a banking conclave organised by the Indian Banks’ ...

The Reserve Bank of India (RBI) has penalised State Bank of India and Union Bank of India for violating certain regulatory guidelines. The penalty has been imposed on the bank for non-compliance of income recognition and asset classification (IRAC) norms, code of conduct for opening and operating ...