State Bank of India | India Banking News

A&N Islands’ electricity users can now transfer their security deposits from ANSCB to stable public sector banks.

by Team Small News | Jul 19, 2025 | Canara Bank, Indian Bank, State Bank of India

The Electricity Department of the Andaman & Nicobar Islands has announced that consumers can now transfer their electricity security deposits from the Andaman & Nicobar State Cooperative Bank (ANSCB) to any of the 11 listed Public Sector Banks operating in...

SBI Ventures backs RETAS Enviro in its mission to combat water scarcity and mitigate urban flooding

by Team Small News | Jul 12, 2025 | State Bank of India

The Neev II Fund, managed by SBI Ventures Limited, a subsidiary of the State Bank of India, has invested in RETAS Enviro Solutions Private Limited, a climate-tech company based in India. RETAS specializes in modular rainwater harvesting and disaster-resilient...

Break free from minimum balance rules: 5 banks that no longer require a minimum balance for savings accounts

by Team Small News | Jul 8, 2025 | Bank of Baroda, Canara Bank, Indian Bank, Punjab National Bank, State Bank of India

In a significant move, several major publicly listed banks in India have abolished the requirement of maintaining a minimum balance in savings accounts, thereby removing penalties for non-maintenance of the Average Monthly Balance (AMB). Banks such as Punjab National...

In a daring heist, six masked individuals used just 14 minutes to uproot an SBI ATM in Rajasthan, making off with a staggering Rs 18 lakh.

by Team Small News | Jul 6, 2025 | State Bank of India

In a brazen heist, six masked men stole an entire State Bank of India ATM containing approximately Rs 18 lakh in cash from Ajitgarh town in Rajasthan’s Sikar district. The incident occurred between 2 am and 2:30 am, and the entire operation was executed in just...

Comparison of SBI’s 444-Day FD and Union Bank of India’s 456-Day FD: Which one offers higher returns on investments of Rs 4.75 lakh and Rs 6.75 lakh?

by Team Small News | Jul 5, 2025 | State Bank of India, Union Bank of India

Fixed Deposits (FDs) have been a popular investment option for individuals seeking stable and assured returns. However, with the rise of mutual funds and equities, traditional FDs have seen a decline in investor interest. To counter this trend, several banks have...

State Bank of India (SBI) is likely to issue tier-II bonds worth ₹5,000 crore by August, with preliminary discussions already underway, according to a recent report.

by Team Small News | Jun 28, 2025 | Bank of Baroda, Canara Bank, RBI, State Bank of India

The State Bank of India (SBI) is planning to raise ₹5,000 crore through tier-II bonds by August, according to a report. The move is part of the bank’s efforts to strengthen its capital base and meet the regulatory requirements. Tier-II bonds are a type of debt...

« Older Entries