Page-5 of SBI
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 ..
Month: Current Affairs - August, 2016
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 ..
Month: Current Affairs - August, 2016
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 ..
Month: Current Affairs - July, 2016
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 ..
Month: Current Affairs - July, 2016
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 ..
Month: Current Affairs - July, 2016
RIL, SBI ink Subscription and Shareholders' Agreement for payments bank JV
Telecom-to-energy conglomerate Reliance Industries (RIL) and India’s largest lender State Bank of India (SBI) have signed Subscription and Shareholders’ Agreement to set up payments bank. As per the agreement, RIL will be the promoter with a 70 per cent equity ..
Month: Current Affairs - July, 2016
SBI launches IT Innovation Start-up Fund to assist start-ups
India’s largest lender State Bank of India (SBI) has launched IT Innovation Start-up Fund to support start-ups in the financial technology (fintech) space. The fund has corpus of 200 crore rupees. It will provide assistance of up to 3 crore ..
Month: Current Affairs - June, 2016
Union Cabinet approves merger of 5 associate banks with SBI
The Union Cabinet has approved merger of country’s largest lender State Bank of India (SBI) and its associate banks in order to bring the state-owned entity on a par with global lenders. 5 associate banks of SBI are: (i) State ..
Month: Current Affairs - June, 2016
SBI seeks to take over 5 associate PSBs, Bhartiya Mahila Bank
The country’s largest lender, State Bank of India (SBI) has decided to merge its five associate public sector banks (PSBs) and the Bharatiya Mahila Bank (BMB) with itself. In this regard, SBI has informed the Bombay Stock Exchange (BSE) that ..
Month: Current Affairs - May, 2016
SBI granted operating licence by Myanmar
India’s largest lender State Bank of India (SBI) has been granted preliminary approval to operate Myanmar. SBI was granted operating licence by Myanmar Government along with three other Asian banks. They are Bank for Investment and Development of Vietnam, Sun ..