SBI Current Affairs - 2019

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SBI Launches First Dedicated Branch For Startups – SBI InCube

India’s largest lender, State Bank of India (SBI) has launched dedicated specialized branch for start-ups called ‘SBI InCube’ in Bengaluru, Karnataka. It was announced by BI Chairman Arundhati Bhattacharya in Bengaluru, Karnataka. SBI InCube The ‘SBI InCube’ branch will cater to the specific financial needs by providing advisory services to the budding entrepreneurs under one Read More…

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RBI imposes Rs 1 crore fine on State Bank of Travancore

The Reserve Bank of India (RBI) has imposed a monetary penalty of one crore rupees on State Bank of Travancore, an SBI associate bank for violation of some of its instructions. The monetary penalty was imposed on State Bank of Travancore for violation of its instructions including reporting of data to Central Repository of Information Read More…

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SBI launches mobile wallet app ‘Buddy’

India’s largest banking entity State Bank of India (SBI) launched a Mobile wallet application dubbed as ‘SBI Buddy’. It was launched by Union Finance Minister Arun Jaitley at a function held at State Bank Bhavan, Nariman Point in Mumbai. SBI’s first female Chairperson Arundhati Bhattacharya was also present on the occasion. Key features of SBI Read More…

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SBI launches Online Customer Acquisition Solution for loans

India’s largest banking entity State Bank of India (SBI) has launched Online Customer Acquisition Solution (OCAS), an online platform to apply for loans. This online platform will enable SBI customers to apply for home, education, car and personal loans online. On filling the online form for loan requirement depending upon their eligibility customers will instantly Read More…

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Four Indians among Forbes world’s 100 most powerful women

Four Indians have been named in Forbes magazine’s 12th annual list of World’s 100 most powerful women. They are Arundhati Bhattacharya: First woman (and youngest) Chairperson of State Bank of India (SBI) was placed at 30th position. Chanda Kochhar: Managing Director (MD) and CEO of India’s largest private sector lender ICICI Bank was placed at Read More…

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SBI inks MoU with Amazon for payment, commerce solutions

India’s largest public sector lender, State Bank of India (SBI) has signed memorandum of understanding (MoU) with e-commerce giant Amazon. The MoU seeks to identify and tap the potential areas of collaboration for payments and commerce solutions between both signatory parties. Through this tie, SBI is seeking to enrich customers’ payment experience and opening up the Read More…

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SBI launches sbiINTOUCH, NFC-enabled Contactless Debit and Credit Cards

India’s largest lender, State Bank of India (SBI) has launched contact-less credit and debit cards sbiINTOUCH. sbiINTOUCH is based upon latest near-field technology (NFC) that enables customer to transact using the card by just tapping or waving it against the reader of the point-of-sale machine Cards incorporated with NFC technology are secure and hassle-free. SBI Read More…

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