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The Latest Breaking News from SBI

SBI extends helping hand to school, PHC

The Hindu

North Carolina man settles for millions after wrongful conviction, 44 years in prison

The settlement, which will end a wrongful incarceration lawsuit filed by attorneys for Ronnie Wallace Long, also included a public apology from the city of Concord for its role in his imprisonment.

WEKU

In $25M settlement, North Carolina city `deeply remorseful' for man's wrongful conviction, prison

Lawyers for a man wrongfully convicted and imprisoned for 44 years say he's reached a $25 million combined settlement with a central North Carolina city and the state of North Carolina

The Independent UK

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Bank achieve 80% annual crop loan target in first half of FY24

Telangana banks disbursed ₹35,023 crore crop loan in first 6 months of fiscal, achieving 79.48% of annual target.

The Hindu

SBI-led consortium to finance Auro Infra’s ₹3,000-crore gateway port in Kakinada SEZ

SBI-led consortium to provide ₹3,000 crore loan for Kona gateway port on Kakinada coast, expected to be commissioned by mid-2025.

The Hindu

Belagavi IT company detects online scam targeting State Bank of India users

Safety recommendations comprising an SMS/email/WhatsApp message with a tone of urgency should be dealt with extreme caution. This is true, especially in the case of any message from the bank. Always reach out directly to the bank and verify suspicious messages and emails before taking any action.

The Hindu

Odisha: I-T raids enter sixth day at the premises linked to Congress MP Dheeraj Sahu

The Income Tax raids entered the sixth day at the premises of Baldev Sahu Infra Pvt Ltd company at Sudpada in Balangir, Odisha. The company is allegedly linked to Congress Rajya Sabha MP Dheeraj Sahu. Read further on Dynamite News:

Dynamite News

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Cash seizures from entities owned by Congress MP to be more than ₹350 crore

I-T dept. in Odisha seized ₹350 crore cash from distillery units. SBI Balangir branch counted ₹305 crore, Titlagarh ₹11 crore & Sambalpur ₹37.5 crore. This is the highest ever cash seizure in a single case. I-T officials will connect dots to source of cash from distillery promoters. Union Minister Pradhan…

The Hindu

SBI deploys mobile ATM services in flood-hit areas

SBI deploys 7 mobile ATM vans in flooded areas of Chennai; internet banking & SBI Yono app functioning smoothly. #ATM #InternetBanking #SBIYono #Chennai

The Hindu

Income Tax raids continue at premises linked to Congress MP Dhiraj Sahu

The amount of money recovered from Sudapara is being counted, an official said, adding it is expected to be over ₹50 crore.

The Hindu

SBI donates bicycles, wheel chairs to mark Ambedkar’s death anniversary

SBI Vijayawada zonal office marked 67th death anniversary of B. R. Ambedkar by donating bicycles worth ₹1.5 lakh to schoolgirls in Tirupati and wheelchairs to an orphanage. Officials wanted to assist girls walking 14 kms daily to school. GM Om Narayana Sharma recalled Ambedkar's contribution to social justice and empowerment…

The Hindu

Calicut varsity decision to shift funds to State treasury riles staff, teachers’ unions

Univ. of Calicut Syndicate's decision to transfer fixed deposits to State Treasury riles Congress-affiliated staff & teachers' unions. KPCTA claims move affects autonomy & interest rate is lower than SBI. Funds shortage may delay salary & pension, increase fees & affect exams. Syndicate member claims decision is safer & beneficial.

The Hindu

ED arrests Managing Director of Heera Group in money laundering case

ED arrests Heera Group MD A. Abdul Rasheed in Kerala money laundering case; he was set to be produced before PMLA court in Kochi. ED registered case in 2021 based on CBI FIR alleging fund diversion causing ₹15 crore loss to SBI.

The Hindu

SBI officials promise to protect interests of customers after gold disappeared from Gara branch of Srikakulam district in Andhra Pradesh

SBI officials take measures to restore customers' confidence in Srikakulam branch after gold worth ₹4.07 cr goes missing. Bank officials held meetings with customers, promised to return jewellery pledged with them & assured no customer would suffer loss. Police investigation underway.

The Hindu

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Dynamite News

Delhi court rejects bank's suit for recovery against a dead man

A Delhi court rejected the suit for recovery filed by the State Bank of India (SBI) against a person who had already passed away two years prior to filing the suit. Read further on Dynamite News:

The Hindu

KSUM inks MoU with Belgium, Australia to open Startup Infinity centres

KSUM exchanges MoUs with Australia and Belgium to open 'Startup Infinity' centres, fostering innovation and welcoming Malayali diaspora to nurture start-ups. CM Vijayan inaugurates 3-day event, showcasing products from emerging sectors. SBI Deputy GM signs MoU with KSUM for financial services to start-ups. 15K delegates to attend India's biggest beachside…

The Hindu

Sale of 29th tranche of electoral bonds begins

Electoral bonds are encashed by an eligible political party only through a bank account with the authorised bank. SBI is the only authorised bank to issue electoral bonds.

The Hindu

State Bank of India property show features over 400 projects

SBI, CREDAI Chennai organise 'Griha Shakti 2023' property show. 400+ projects showcased. SBI home loan portfolio in TN/Puducherry ₹62,000 crore, Chennai Zone contributes 50%. Consumers avg. age 30, prefer buying apartments, plots for own homes. COMBO loan introduced. Popular locations Anna Nagar, ECR, OMR, Meenambakkam, Velachery, Ambattur, Guindy. 250+ branches,…

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The Hindu

SBI donates vehicle to ashram for destitute

The Hindu

R. Jayakanthan of TCS, Chennai, wins BusinessLine Cerebration Corporate Quiz, 2023

Jayakanthan of TCS Chennai wins 20th edition of The Hindu BusinessLine Cerebration Corporate Quiz 2023. 6,000 participants competed in elimination rounds in 6 cities. Winner won ₹75,000, 1st runner-up ₹50,000 and 2nd runner-up ₹25,000. Quiz master Ajay Pooniya, presented by JK Tyre Ranger Series and sponsored by SBI, Greyon Cosmetic…

The Hindu

Ensure safety during Dasara celebrations: DC

DC Rajendra directs officers to ensure safety during Mysuru Dasara festivities. He asked CESC to ensure no untoward incidents due to special lighting, and for warehouses storing firecrackers to check safety measures. He urged MCC and other authorities to complete road repairs and clear blocked drains. He also thanked Cycle…

Al Jazeera

Russia-Ukraine war: List of key events, day 595

As the war enters its 595th day, these are the main developments.

The Hindu

Three ambulances donated to Tirumala temple

SBI CGM Naveen Chandra Jha donates three ambulances to Lord Venkateswara's temple. He handed the keys to TTD Executive Officer A.V. Dharma Reddy, with SBI DGM Varadarajulu present.

The Hindu

SBI launches campaign to create awareness on PMSVANidhi

SBI Hyderabad launches PMSVANidhi campaign to help street vendors access affordable working capital loans. DMD Amit Jhingran and CGM Rajesh Kumar flagged off five PMSVANidhi-branded vehicles to spread awareness of the scheme. Loan up to ₹50,000 available with no collateral. Senior officials present at launch.

The Hindu

SC dismisses plea against ₹2,000 currency exchange policy

The Supreme Court on Monday dismissed a petition challenging the notifications issued by the Reserve Bank of India (RBI) and the State Bank of India (SBI) permitting the exchange of ₹2,000 currency notes without requirement of any identity proof.

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