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Simply stepping forward and declaring the money is not an appealing option for tax dodgers, as banks have to report to tax authorities anybody depositing over 250,000 rupees ($3,765).

RBI starts printing Rs 200 notes to ease consumer transactions

Introduction of 200 rupee notes will replenish the missing middle, triggered by the withdrawal of Rs 500 notes, say...

29 Jun 2017 11:03 AM IST

State Bank of India or SBI is largest public sector bank.

SBI Mutual Fund celebrates 30 years tomorrow

SBI Mutual Fund has a market share of 9.14 per cent as of now and is the first bank-sponsored MF to be registered with...

28 Jun 2017 8:34 PM IST

If they have banned the slaughter of cattle today, they will ban the consumption of fish tomorrow: Pinarayi Vijayan, Kerala CM

Report on Kerala Bank gets approval of state cabinet

Government would initiate steps to get permission in principle from the Reserve Bank of India and the NABARD for the...

28 Jun 2017 6:46 PM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

12 large NPAs: SBI chief rules out big hit on bottomlines

Total NPA provisioning of banks stood at Rs 2.2 trillion as of FY17, up from Rs 2 trillion in FY16.

28 Jun 2017 9:33 AM IST

As the four occupants, including a woman, failed to give any satisfactory explanation about the source of cash in their possession, they have been detained, police said. (Photo: Representational Image)

Record low credit growth in FY 17 drops to 5.1 per cent

One-third of this massive contraction was led by just 10 companies, which cumulatively availed of Rs 33,571 crore less...

26 Jun 2017 6:59 PM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI says low credit growth, high GDP suggest decoupling

Loan growth plummeted to a whopping six decadal low of 5.08 per cent in fiscal 2017.

17 April 2017 4:30 PM 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.

SBI's Q3 results beat expectations

This is the first time since Sept. 2015 that SBI has reported a rise in its quarterly numbers suggesting the worst is...

11 Feb 2017 2:15 AM IST

Ola Money is currently accepted at over 500 online and offline merchants, as well as for bill payments at over 25 major utilities across India. (Photo: Twitter)

No more loans to Ola drivers as dafaults rise: SBI

Gopal Krishan Kansal of SBI says that total default stands at Rs 60 crore in Bengaluru alone.

25 April 2017 4:08 PM IST

SBI chief Arundhati Bhattacharya

SBI chief's salary zilch compared to counterparts in private banks

According to annual reports of various banks, SBI chairman Arundhati Bhattacharya took home Rs 28.96 lakh last fiscal.

25 Jun 2017 12:05 PM IST

WhatsApp this week rolled out a beta update for iOS only which allows users to edit and revoke messages.

WhatsApp in talks with SBI, NPCI to add mobile payment system

The system will reportedly function on Unified Payments Interface (UPI), run by National Payments Corporation of India..

24 Jun 2017 3:45 PM IST

Reliance Jio topped the chart with Idea and Airtel lagging behind at 8.33Mbps and 7.66Mbps respectively. (image: yourstory.com)

Ambani, Mittal view Jio as 'stress' at meet with Sinha

Manoj Sinha's meeting with the telecom bigwigs comes amid a raging financial crisis in the telecom sector.

23 Jun 2017 9:40 AM IST

Representational Image.

Govt sells 2.5 per cent stake in L&T to SBI, LIC

Government held 6.55 per cent stake in engineering firm L&T and post sale, its shareholding has come down to around 4...

22 Jun 2017 9:39 AM IST