Tag: State Bank of India

SBI leaves server unprotected; leaks bank balance and other details of million customers

In a shocking incident reported, India’s largest bank – State Bank of India, leaked sensitive details such as bank balance and bank account number of million of its customers. The bank apparently forgot to secure a server that was hosting sensitive information of millions of its customers. The server was in one of its Mumbai installations.[Read More…]

Sensex down 150 points, rupee at 73

Indian Rupee records low, closes near 70 a dollar

Broadly negative global cues along with weakness in the Indian Rupee and caution ahead of the release of macro-economic inflation data point subdued the key Indian equity indices on Monday. The Rupee touched an all-time low of 69.80 per US dollar on Monday following weakness in global peers. At 3.30[Read More…]

RBI can sell USD 25 bn more to arrest rupee fall: SBI report

State Bank of India’s MD Sriram takes voluntary retirement

Mumbai: Lending major State Bank of India (SBI) on Saturday said that the central government has permitted its Managing Director B.Sriram to take voluntary retirement. The development assumes significance as Sriram was recently appointed the chief of financially troubled IDBI Bank. According to a BSE filing, SBI said that the[Read More…]

RBI can sell USD 25 bn more to arrest rupee fall: SBI report

SBI slashes charges on minimum balance in accounts

New Delhi: Country’s largest lender State Bank of India (SBI) has substantially reduced charges for non-maintenance of average monthly balance (AMB) in savings accounts, which would benefit 25 crore banks’ customers, an official statement said here on Tuesday. The revised charges would be effective from April 1, 2018. This step[Read More…]

RBI can sell USD 25 bn more to arrest rupee fall: SBI report

SBI cuts down its bank interest rate on savings account

Shares of public sector undertakings (PSU) banks were trading higher by up to 4%, recovering from their intra-day lows, after the state-owned banking giant State Bank of India (SBI) cut saving bank interest rates. SBI restructured by 2.7% to Rs 307 on BSE after the bank introduced a two-tier saving bank interest rate[Read More…]

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