SBI’s Mission: Bringing Inactive Accounts Back To Life
SBI, the State Bank of India, is the country’s biggest money lender. It launched a nationwide campaign to promote the activation of inoperative accounts. Before launching this campaign, SBI organised a one-day workshop in Gurugram for its national business correspondents and sensitised participants about inoperative account activation. Whether savings or current, an account is considered…
Yash Sharma
SBI Seeks $1.25 Billion: India’s Largest Loan In 2024
According to sources, the State Bank of India plans to borrow up to $1.25 billion, making it India’s largest dollar-denominated bank loan in 2024. The reason behind raising this loan is for general corporate purposes. Another reason for this loan is SBI’s plan to syndicate the loan among other lenders to distribute the risk. SBI’s…
Vikas
India’s Largest Bank Welcomes its New Chairman
The Cabinet Committee on Appointments has appointed a new chairman for the State Bank of India (SBI), the largest bank in the country. With a market cap exceeding INR 7,21,000 crores, SBI boasts a robust balance sheet and strong asset quality. The former chairman, Dinesh Khara, played a crucial role in revitalising the bank’s ailing…
Chandan Kumar
SBI’s New ‘Amrit Vrishti’ Plan: Is It A Risky Bet?
India’s largest bank, SBI, has launched one of its highest interest rates, bearing FD: Amrit Vishti. According to the bank, the FD will offer an interest rate of 7.25% on deposits for 444 days and is open for domestic and non-resident Indian customers. They added that the interest rate for senior citizens will increase by…
Credit Card Shake-Up: How Will It Impact Cardholders?
July has ushered in significant financial reforms, including changes to credit card rules and ITR deadlines. Major banks like HDFC, CitiBank, and others have announced alterations to their credit card rules, which will be implemented before the end of July. Additionally, the ITR filing date for the fiscal year (2023-24) and the assessment year (2024-25)…
Suryansh
SBI Ropes MS Dhoni As The Brand Ambassador For The Bank
India’s largest commercial bank, SBI has announced that the former skipper of the Indian national cricket team, MS Dhoni will be appointed as the official brand ambassador. In his role as the official brand ambassador of the bank, Dhoni will take centre stage in the bank’s major marketing and promotional campaign. In a press release,…
Vipin