SBI under pressure to lower minimum balance requirement

05 Jan 2018

Banks raise Rs2,320 cr as fine on low balance accounts in Apr-November

02 Jan 2018

State Bank of India alone accounted for Rs1,771 crore, or more than half of the total Rs2,320-cr penalty that banks imposed on customers who failed to maintain minimum account balance

SBI to scrap cheque books of associate banks by 31 December

27 Dec 2017

SBI raises interest rate on bulk deposits by 1 percentage point

01 Dec 2017

SBI now offers home loans at 8.30%, auto loans at 9.20%

04 Nov 2017

State Bank of India cuts MCLR-based lending rate by 5 bps to 7.95%

31 Oct 2017

SBI reduces interest on fixed deposits

04 Oct 2017

SBI lowers minimum balance requirement to Rs3,000, cuts penalties

26 Sep 2017

The bank has also exempted pensioners, beneficiaries of social benefits from government and minors from the requirement of minimum balance in savings account

SBI bears 27% of willful loan defaults, PNB second in line

21 Aug 2017

SBI staff count down 6,622 in fiscal first quarter

16 Aug 2017

While 7,247 employees exited the bank in the first quarter of FY18, CBI added about 625 personnel in the first quarter, reducing the total headcount to 2,73,181

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