Rats shred banknotes worth Rs 12 lakh inside Assam ATM

The repairmen were stunned to find Rs 500 and Rs 2,000 notes nibbled by rats and shredded to tiny pieces.

SBI expects to pick up major portion of govt's bank recap plan

Last month, the government proposed a Rs 2.11 lakh crore public sector bank recapitalisation plan.

In its first cut in 10 months, SBI is offering one-year loans at an interest rate of 7.95 per cent.

The Department of Financial Services is assessing the capital needs of various banks based demands made by them, sources said.

Arundhati Bhattacharya will be replaced by colleague and banking veteran Rajnish Kumar.

Analysts and investors alike have pointed to bad debt as Kumar’s number one headache.

With SIA, the bank will reduce significant operational expenditure over time.

SBI has asked customers of these subsidiary banks to apply for new cheque books as soon as possible.

Transactions for savings account holders,above free-limit of ATM transactions will attract a charge of Rs 20 plus 18 per cent GST.

Gone are the days of submitting letters to bank branches to facilitate the transfer of savings account.