SBI launches Mobile Handheld Device to enhance accessibility and convenience in availing banking services to customers

October 4, 2023 1:37 PM

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SBI launches Mobile Handheld Device to enhance accessibility and convenience in availing banking services to customers

State Bank of India today launched Mobile Handheld Device to enhance accessibility and convenience in availing banking services to the customers. This device will provide cash withdrawal, cash deposit, fund transfer, balance inquiry and mini statement at doorsteps of customers. The initiative will particularly benefit customers who face challenges in accessing Bank Branch or Customer Service Point outlets due to health issues, Senior citizens and Divyangjans. Additionally, the bank plans to expa...

SBI plans to open 300 branches across country in current financial year

August 17, 2023 1:44 PM

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SBI plans to open 300 branches across country in current financial year

State Bank of India is planning to open 300 new branches across the country in the current financial year. The SBI currently has 22 thousand 405 branches across the country and 235 foreign branches and offices. SBI chairman Dinesh Khara said, the bank is also looking at having more business correspondents. SBI has reported its highest-ever quarterly profit in the first quarter of the current fiscal at 16 thousand 884 crore rupees driven by a fall in non-performing assets, higher loan growth and ...

SBI Q4 net profit rises 41% to Rs 9,114 crore

May 13, 2022 4:37 PM

SBI Q4 net profit rises 41% to Rs 9,114 crore

State Bank of India has reported over 41 per cent, year-on-year, jump in standalone net profit for the fourth quarter of the last fiscal to 9,114 crore rupees. The board of the State Bank has approved a dividend of seven rupees and 10 paise per share. The record date for the dividend is 26th of May. The Bank said, its provisions for bad loans came down to nearly a third of the what it provisioned a year ago. It kept aside 3,262 crore rupees during the fourth quarter, compared to 9,914 crore rupe...

SBI celebrates 66th Foundation Day

July 1, 2021 9:43 AM

SBI celebrates 66th Foundation Day

The oldest commercial bank in the country, State Bank of India, SBI, is celebrating its 66th year today. SBI descends from the Bank of Calcutta founded in 1806 through the Imperial Bank of India. The Bank of Madras merged into the other two presidency banks, the bank of Calcutta and the bank of Bombay to form the Imperial Bank of India which in turn became the State Bank of India on this day in 1955.  SBI is an Indian Multinational, Public Sector Banking and Financial services statutory body hea...

SBI slashes minimum balance charges by up to 75%

March 13, 2018 1:44 PM

SBI slashes minimum balance charges by up to 75%

State Bank of India, SBI has cut down the charges for non-maintenance of average minimum balance in its savings accounts by up to 75 per cent.  The new charges, which will benefit about 25 crore bank customers, comes into effect from 1st of next month.  The bank said in a release that customers in metro and urban centres will now have to pay Rs. 15 per month plus GST.  Earlier the charges were Rs. 50 per month plus GST.  According to release, for semi-urban centres, the charges have been reduced...