SBI to Open 500 New Branches in FY 2025: FM Sitharaman

18 Nov 2024

State Bank of India (SBI), the country’s largest public sector bank, plans to open 500 new branches in the financial year (FY) 2025, Union Finance Minister Nirmala Sitharaman announced on Monday. The declaration came during the centenary celebration of the SBI Mumbai main branch building, where the Finance Minister commended...

SBI Reports 28% Jump in Net Profit for July-September Quarter

08 Nov 2024

State Bank of India (SBI) announced on Friday a significant rise in net profits for the July-September quarter, with profit after tax surging by 27.92% to reach ₹18,331 crore. Over the combined period of April to September, the bank's net profit rose by 13.30%, totaling ₹36,367 crore. Steady Increase in...

SBI Announces Major Changes for Credit Card Users: Additional Charges on…

08 Oct 2024

Starting November 1, 2024, State Bank of India (SBI) will implement a 1% surcharge on utility bill payments made via credit cards if the total bill exceeds ₹50,000 in a single billing cycle. This applies to services such as electricity, gas, and water payments. Customers whose utility payments remain below...

Abhishek Bachchan Receives ₹18 Lakhs Monthly From SBI | Here’s The Reason Why!

05 Oct 2024

Have you heard about Amitabh Bachchan? The 'Agnipath' star was recently seen in the sci-fi film 'Kalki 2898 AD.' Abhishek Bachchan, the son of Bollywood legend Amitabh Bachchan and actress Jaya Bachchan, is a prominent actor and producer in the Indian film industry. He has appeared in several hit films,...

SBI Rolls Out Online Quick Loan Solution For MSMEs

01 Jul 2024

State Bank of India (SBI) has introduced a digital business loans solution via the web for MSMEs' Invoice Financing, aiming to expedite MSME loans. Named "MSME Sahaj - End to End Digital Invoice Financing," this solution has been developed to handle loan applications, documentation, and disbursement of sanctioned loans within...

SBI To Discontinue Reward Points For Govt Transactions For Select Cards From This Date, Check If Your Card Is Mentioned?

28 Jun 2024

SBI Bank has recently announced the discontinuation of reward points in govt-related transactions from 15 July 2024. Issuing the statement, SBI cards said, 'Government related transactions shall be identified under Merchant Category Codes (MCC) 9399 and 9311, on best effort basis.' But this transaction will be removed for certain credit...

SBI And Muthoot Microfin Come Into A Co-lending Agreement To Empower Female Entrepreneurs

07 Jun 2024

Muthoot Microfin has entered into a Co-lending agreement with the State Bank of India (SBI) to empower women entrepreneurs, according to a filing made to the exchange on Thursday. Following this partnership, Muthoot Microfin intends to provide financial services to women entrepreneurs in rural and semi-urban areas across India. Under...

SBI gets time till March 12 to disclose details of electoral bonds after SC rap

11 Mar 2024

The State Bank of India's (SBI) request to extend the Superme Court deadline until June 30 to provide the Election Commission of India with information about its electoral bonds was denied by the apex court on Monday. Instead, the bank was instructed to provide the information by March 12. The...

SC warns SBI, asks it to submit details of electoral bonds by March 12

11 Mar 2024

Coming down heavily on the State Bank of India (SBI), the Supreme Court on Monday warned the public sector bank while directing it to submit all the details of the electoral bonds purchased from April 12, 2019 till date to the Election Commission of India by March 12. Issuing its...

Electoral bonds: SC to hear SBI plea today

11 Mar 2024

A five-judge constitution bench of Supreme Court is scheduled to hear on Monday an application submitted by State Bank of India (SBI) seeking an extension of time until June 30 to disclose details of each electoral bond en-cashed by political parties before scheme was annulled last month. The bench, headed...