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Five associate banks, Bharatiya Mahila Bank merged with SBI

With this merger, SBI will join the league of top 50 banks globally in terms of assets.

Recommended for : Five associate banks , Bharatiya Mahila Bank , merged with SBI , SBI merger , State bank of India

Publish Date : Apr 3, 2017

Bharatiya Mahila Bank to be merged with State Bank of India

After associate banks, the Union Government has decided to merge Bharatiya Mahila Bank with State Bank of India.

Recommended for : Bharatiya Mahila Bank , BMB-SBI merger , SBI , State Bank of India , Union Government

Publish Date : Mar 21, 2017

Branches of SBBJ, SBH, SBM, SBP and SBT to operate as branches of SBI from April 1, 2017

The branches of all five associate banks of SBI will begin functioning as branches of SBI from 1 April 2017. They are merging with parent SBI.

Recommended for : Associate banks of SBI , State Bank of India , SBI branches , RBI , Merger of SBI and its associate banks

Publish Date : Mar 21, 2017

SBI announces Rs 6000-cr tractor loan settlement scheme

Farmers can avail the benefits of the One Time Settlement by contacting to their SBI branch. The settlement scheme will last until 31 March 2017.

Recommended for : State Bank of India , Farm loan settlement scheme , SBI , One Time Settlement scheme , Agriculture Loans , SBI’s Farm loan settlement scheme ,

Publish Date : Mar 15, 2017

Current Affairs One liner of the day: 2 March 2017

2 March 2017: The one liner of 2nd March covers important current happenings that are relevant to competitive exams. The day’s one liner’s cover important the happenings like Report by the Internet and Mobile Association of India and Indian Market Research Bureau states, ISSF World Cup and World Bank’s (WB) loan for the Tejaswini project among others.  

Recommended for : Current Affairs Recap , Current Affairs One Liners , Current Affairs Question Answer

Publish Date : Mar 2, 2017

Union Cabinet approves merger of 5 associate banks with SBI

In May 2016, the proposal for the merger was cleared by the State Bank of India. The Union Cabinet approved the merger in principle in June 2016. The proposal then went to the respective bank boards before returning to the Union Cabinet for a final nod.

Recommended for : SBI , State Bank of India , SBI Associate Banks

Publish Date : Feb 16, 2017

India signs Financing Agreement with World Bank for Nagaland Health Project

The ambitious project will also invest in improving health services in 177 facilities, including water and sanitation and off-grid electricity backup. It will give a boost state-wide health system, including information, procurement and supply chain management and human resource management systems.

Recommended for : Nagaland , World Bank , Nagaland Health Project

Publish Date : Jan 17, 2017

State Bank of India launched State Bank MobiCash

The State Bank MobiCash developed in partnership of SBI and BSNL is compatible for both feature as well as smart phones.

Recommended for : State Bank MobiCash , SBI , BSNL , MobiCash , MobiCash Mobile Wallet service

Publish Date : Dec 19, 2016

Old notes worth over Rs 5000 can only be deposited once before 30 Dec

RBI has stated that the deposit of old notes exceeding the amount of Rs 5000 will be allowed only once per account till 30 December 2016, the last date for the submission of the old notes.

Recommended for : Demonetisation , Demonetisation in India , Reserve Bank of India , Narendra Modi

Publish Date : Dec 19, 2016

Competition Commission of India approves merger of Bharatiya Mahila Bank with SBI

On 17 May 2016, the SBI had informed the Bombay Stock Exchange that it is seeking in-principle sanction of the Union Government to enter into negotiation with its 5 subsidiaries and Bharatiya Mahila Bank for acquisition.

Recommended for : SBI , Bharatiya Mahila Bank , State Bank of India

Publish Date : Dec 1, 2016

SBI writes off debts owed by 63 willful defaulters

The move is a part of a cleanup process of the SBI’s balance sheets.  Vijay Mallya’s Kingfisher Airlines tops the list with dues amounting to almost 1201 Crore Rupees. KS Oil, edible oil maker is the second in the list with dues amounting to 596 Crore Rupees.

Recommended for : State Bank of India , SBI , Vijay Mallya , Kingfisher Airlines , AUCA

Publish Date : Nov 17, 2016

Debit card Fraud: India’s biggest data security breach

The RBI has requested that banks to change debit cards whose security is suspected to have been bargained in the wake of being utilized as a part of some Automated Teller Machines (ATMs).

Recommended for : Debit card , State Bank of India

Publish Date : Oct 27, 2016

SBI declares Silchar as its 5th zone in North East India

The 5th zone will cater to the banking needs of the people of Mizoram, Tripura and Manipur along with the Barak Valley. The other four zones are located in after Guwahati, Shillong, Dibrugarh and Jorhat.

Recommended for : State Bank of India , SBI’s 5th zone on North-East , Silchar , Barak Valley ,

Publish Date : Oct 21, 2016

SBI chief Arundhati Bhattacharya gets one year extension

This move of the government came at the time when the country’s largest bank is set to merge its associate banks and Bharatiya Mahila Bank with itself.

Recommended for : Arundhati Bhattacharya , Chairman of SBI , State Bank of India , SBI , Union Government , Bharatiya Mahila Bank

Publish Date : Oct 3, 2016

एसबीआई ने पांच सहायक बैंकों के साथ विलय को मंजूरी प्रदान की

केंद्रीय निदेशक मंडल ने स्टेट बैंक ऑफ बीकानेर एंड जयपुर (एसबीबीजे), स्टेट बैंक ऑफ मैसूर (एसबीएम), स्टेट बैंक ऑफ त्रावणकोर (एसबीटी), स्टेट बैंक ऑफ पटियाला (एसबीपी), स्टेट बैंक ऑफ हैदराबाद (एसबीएच) तथा भारतीय महिला बैंक लिमिटेड (बीएमबीएल) के भारतीय स्टेट बैंक में विलय को मंजूरी प्रदान की.

Recommended for : SBI , State Bank of India , Merger with banks , एसबीआई , स्टेट बैंक ऑफ़ इंडिया , बैंकों के साथ विलय

Publish Date : Aug 19, 2016

Dinesh Kumar Khara appointed Managing Director of State Bank of India

On the other hand, Ashok Kumar Garg and Raj Kamal Verma have been appointed as Executive Director (ED) of Bank of Baroda and Union Bank of India respectively. Gopal Murli Bhagat and Himanshu Joshi have been appointed as ED of Corporation Bank and Oriental Bank of Commerce respectively.

Recommended for : State Bank of India , SBI , Dinesh Kumar Khara , Banking

Publish Date : Aug 10, 2016

एसबीआई ने फिनटेक उद्यमों के लिए आईआईटी बॉम्बे से समझौता किया

एसबीआई द्वारा आईआईटी बॉम्बे के विशेषज्ञों से संपर्क किया जायेगा तथा ई-सेल, देसाई सेंटर तथा एसआईएनई से भी सम्पर्क किया जायेगा. इसका उद्देश्य नवीन शोध एवं नवाचार द्वारा एसबीआई को लाभ प्रदान करना है.

Recommended for : State Bank of India , SBI , IIT Bombay , स्टेट बैंक ऑफ़ इंडिया , भारतीय स्टेट बैंक , आईआईटी बॉम्बे

Publish Date : Jul 13, 2016

World Bank approves $201.50 million for Technical Education Quality Improvement Project in India

The objective of the project is to enhance quality and equity in participating engineering education institutes and improve the efficiency of the engineering education system in focus states.

Recommended for : World Bank , approves , 201.50 million , Technical Education , Quality Improvement , Project in India , engineering education

Publish Date : Jun 29, 2016

World Bank releases India Development Update 2016

It reviews the current challenges in India’s financial sector and analyzes some of the impacts of the recommendations of the 14th Finance Commission on Indian states.

Recommended for : World Bank , releases , India Development Update , 2016 Update , Financing Double-Digit Growth

Publish Date : Jun 22, 2016

SBI named in Hall Of Shame list of Banks funding Cluster Bomb Makers

State Bank of India (SBI) is the only Indian entity on the list that includes global giants like JP Morgan, Barclays, Bank of America and Credit Suisse.

Recommended for : SBI , Hall Of Shame list , Cluster Bomb Makers , PAX , Cluster Munitions , State Bank of India

Publish Date : Jun 21, 2016

State Bank of India floats IT Innovation Start-up Fund to assist start-ups in fintech space

The traditional banks around the world are opening up to work with fintech firms which are disrupting business models by using technology to deliver services at lower cost.

Recommended for : State Bank of India , SBI , IT Innovation Start-up Fund , Start-ups , Fintech space

Publish Date : Jun 18, 2016

केंद्रीय मंत्रिमंडल ने पांच सहायक कंपनियों के साथ भारतीय स्टेट बैंक के विलय को मंजूरी दी

स्टेट बैंक ऑफ़ इंडिया के इस विलय से 37 लाख करोड़ रुपये का आधारभूत पूँजी लाभ एवं 22500 शाखाओं तथा 60000 एटीएम मशीनों का एकीकृत विशाल बेड़ा तैयार होगा.

Recommended for : SBI , state bank of India , Bharatiya Mahila Bank , एसबीआई , स्टेट बैंक ऑफ़ इंडिया , भारतीय महिला बैंक

Publish Date : Jun 16, 2016

N K Chari takes over as MD of State Bank of Mysore

Prior to his new position, N.K. Chari served as the Deputy Managing Director of State Bank of India.

Recommended for : State Bank of Mysore , SBI , N K Chari , State Bank of India

Publish Date : Jun 6, 2016

Consolidation in Indian Banking sector: Pros & Cons

India is the fastest growing major economy in the world. To sustain this growth, there is a need for mega banks that only will ensure investments into the large scale infrastructure projects.

Recommended for : Consolidation , Indian Banking sector , state bank of India , SBI

Publish Date : May 19, 2016

SBI to merge 5 subsidiaries, Bharatiya Mahila Bank with itself

The proposed consolidation will create a banking behemoth with a balance sheet size of 37 trillion rupees.

Recommended for : SBI , merge , 5 subsidiaries , Mahila bank , state bank of India , banking sector

Publish Date : May 18, 2016

Forbes released Asia’s 50 Power Businesswomen 2016 list

Reliance Industries Director Nita Ambani and State Bank of India Chairman Arundhati Bhattacharya have been ranked top two in Forbes’ Asia 50 Power Businesswomen 2016 list.

Recommended for : Forbes , Nita Ambani , Arundhati Bhattacharya , Asia’s Power Businesswomen

Publish Date : Apr 8, 2016

भारतीय स्टेट बैंक ने ‘नो क्यू’ एप्प लांच किया

इस एप्प की मदद से ग्राहक चुनींदा बैंक शाखाओं में विभिन्न सेवाओं के लिए लगने वाले समय संभावित समय की जानकारी हासिल कर सकेंगे.

Recommended for : No Queue , नो क्यू एप्प , State Bank of India , भारतीय स्टेट बैंक , Arundhati Bhattacharya , अरुंधती भट्टाचार्य

Publish Date : Apr 4, 2016

World Banks’ Road to Resilience initiative Concluded

This 10000 kilometer journey provided a chance to implement support for six coastal disaster management and climate resilience projects covering all ten coastal states of India.

Recommended for : Road to Resilience , World Bank , Indian Coastline , Global Facility for Disaster Reduction and Recovery , coastal disaster management , climate resilience projects , coastal states of India ,

Publish Date : Feb 23, 2016

Exim Bank announced setting up of project development firm KPDC in Africa

IL&FS Group, African Development Bank and State Bank of India are also the shareholders in KPDC.

Recommended for : KPDC , Africa , Exim Bank , African Development Bank

Publish Date : Oct 28, 2015

India signed 123.51 Million US dollar Loan Agreement with Asian Development Bank

It will also be used to improve basic tourism facilities and to build the capacity of sector agencies and local communities in the States of Himachal Pradesh, Uttarakhand and Punjab.

Recommended for : India , Loan Agreement , Asian Development Bank , Himachal Pradesh , Punjab , tourism facilities

Publish Date : Sep 29, 2015
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