SBI Current Affairs - 2019

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SBI becomes first domestic bank to open branch in Yangon, Myanmar

India’s largest lender State Bank of India (SBI) has announced the opening up its foreign branch in Yangon, the capital city of Myanmar. With this, SBI became the first domestic bank of India to open a branch in Myanmar. The Yangon branch is the 54th foreign branch of the SBI. This branch further extends the Read More…

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JNPT signs ECB Agreement worth $400 Million with SBI and Development Bank of Singapore

India’s premier container port, Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai has signed 400 Million US Dollar agreement with State Bank of India (SBI) and Development Bank of Singapore (DBS) for External Commercial Borrowing (ECB). The agreement was signed by JNPT officials in the presence of the Union Minister for Shipping, Road Transport & Read More…

Month:  Categories: Business, Economy & Banking

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SBI board approves merger of 5 associate banks, BMB with itself

The State Bank of India’s (SBI’s) board of directors has approved merger of its five associate banks and Bharatiya Mahila Bank (BMB) with itself. These five subsidiaries are State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Travancore and Bharatiya Mahila Bank. Key Facts The board  has finalised Read More…

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Dinesh Kumar Khara appointed as Managing Director of SBI

Dinesh Kumar Khara was appointed Managing Director (MD) of State Bank of India (SBI), India’s largest lender. His appointment was confirmed by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi. He has been appointed for the period of three years. Prior to this appointment he was working as MD and Read More…

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SBI inks MoU with IIT Bombay to promote startups in financial sector

The State Bank of India (SBI) has signed a memorandum of understanding (MoU) with the Society for Innovation and Entrepreneurship (SINE) at IIT Bombay to promote innovation by start-ups in the financial sector. The SINE is IIT Bombay’s technology business incubator to promote innovation by startups in the financial sector. Under this agreement SBI andboth Read More…

Month:  Categories: Business, Economy & Banking

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SBI launches SBI Mingle, a social media banking platform

India’s largest lender State Bank of India (SBI) recently had launched SBI Mingle, a social media banking platform for Facebook and Twitter users. It was launched by SBI Chairman Arundhati Bhattacharya, on the occasion of 61st State Bank Day (observed on 1st July). Key Facts The SBI Mingle will allow SBI’s customers to access various Read More…

Month:  Categories: Business, Economy & Banking

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SBI secures $625 million from World Bank for solar programm

India’s largest lender State Bank of India (SBI) has signed an agreement worth 4,200 crore rupees ($625 million) with the World Bank to support its grid connected rooftop solar photovoltaic (GRPV) programme. The programme also aims at improving the investment climate for solar PV, and increase the ease of doing rooftop business. It will also Read More…

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