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Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Banks' gross NPAs at Rs 8.41 lakh crore in December

The highest amount of gross NPAs was for country's largest lender SBI at Rs 2,01,560 crore.

10 March 2018 11:56 AM IST

Bharti Airtel is largest telecom operator in terms of subscriber base. (Photo: AFP)

RBI imposes Rs 5 crore penalty on Airtel Payments Bank

RBI imposed penalty on Airtel Payments Bank for violating operating guidelines and KYC norms.

10 March 2018 10:54 AM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

RBI slaps Rs 40 lakh penalty on SBI for flouting counterfeit notes...

RBI found deficiencies on SBI's part in regulatory compliance with counterfeit notes regulations.

8 March 2018 11:27 AM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI may raise Rs 12,000 crore overseas for PFC's REC buy

The bank has been favoured due to its ability to raise large amount of funds.

24 Dec 2018 10:18 AM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI plans to disburse agri loans digitally: official

SBI is running pilot projects to disburse agricultural loans digitally.

11 Dec 2018 4:57 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI audit reveals NPA divergence of Rs 45,600 cr in PSBs

SBI had reported a net loss of Rs 3,969.2 crore in the fourth quarter of last fiscal compared to Rs 1,045.5 crore.

30 May 2018 8:51 AM IST

Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Home, auto loan EMIs to go up as SBI, PNB hike lending rates

SBI raised its one year MCLR (marginal cost of fund-based lending rate) by 20 basis points to 8.15 per cent.

2 March 2018 11:12 AM IST

SBI is Indias largest public sector lender. (Photo: PTI)

SBI hikes lending rates by up to 20 bps to 8.15 per cent

This is the first lending revision by the bank since April 2016 and comes a day after it massively raised retail and...

1 March 2018 5:36 PM IST

Home ministry sources noted most developed nations now changed the security features of their currency notes every three to four years.

Chennai-based Kanishk Gold accused of Rs 824 Cr bank fraud, CBI...

The case has been registered by the CBI on a complaint from the SBI on behalf of the 14-bank consortium.

22 March 2018 8:59 AM IST

Gauri Joshi (27), an ad executive was a victim of the debit card cloning scam.

Digital payment cos line up Rs 100 cr worth discounts on Snapdeal

Visa cardholders will get instant discounts using a unique code every time they shop on Snapdeal.

20 March 2018 1:22 PM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

Banks to opt for liquidation if bid prices are low: SBI

The first set of 12 large corporate defaulters identified by the central bank in June last year.

8 May 2018 8:59 AM IST

SBI chairman Rajnish Kumar drew a gross salary of Rs 14.25 lakh for six months, remuneration of Aditya Puri, managing director of HDFC Bank, was Rs 9.64 crore.

SBI CMD's salary is too little compared to HDFC Bank MD's

SBI suffered a net loss of Rs 6,547.45 cr in 2017-18, against a net profit of Rs 10,484.1 cr in preceding fiscal.

14 Jun 2018 8:55 AM IST