SBI Current Affairs - 2019

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SBI unveils MobiCash Easy

  State Bank of India (SBI) has unveiled its mobile wallet named State Bank MobiCash Easy which provides facilities such as fund transfer, bill payment, balance inquiry, mini statement, mobile top-ups and DTH recharge etc. How does SBI’s MobiCash works?

Month:  Categories: Business, Economy & Banking

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SBI, RDIF collaborate to form $2 billion consortium

To encourage investments b/w the two nations, India’s State Bank of India (SBI) and Russian sovereign wealth fund Russian Direct Investment Fund (RDIF) came together to ink an MoU for setting up a $2 billion investment consortium. Both the groups would invest up to $1 billion each in the consortium. How this consortium would work?

Month:  Categories: Business, Economy & Banking

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RBI sets up supervisory colleges for SBI, ICICI

The RBI has for the first time established the ‘Supervisory College’ for cross border supervision of State Bank of India (SBI) and ICICI Bank. What is the role of “Supervisory College”? The main role of the supervisory college, comprising local and international regulators, is to keep lenders aware of the latest global regulations and to Read More…

Month:  Categories: Business, Economy & Banking

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Government to pour in Rs 4,000-cr capital into SBI

In order to boost the strength of country’s largest bank, SBI, government is expected to infuse Rs 4,000 in the bank. This will enhance bank’s Capital Adequacy Ratio (CAR) to over 13%. What is CAR? CAR is a key indicator of a bank’s financial strength expressed as a ratio of capital to risk-weighted assets. What Read More…

Month:  Categories: Business, Economy & Banking

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