A recent report by the State Bank of India has found that the impact of US tariff reciprocity on Indian exports will be minimal, with only a 3-3.5% decline in exports to the US, even if the US imposes higher tariffs ranging from 15-20%. This is due to India’s strategy of export diversification, value addition, and exploration of new trade routes. The report notes that India’s export strategy is evolving to reduce dependence on a single market, with growing trade ties in Europe, the Middle East, and other regions.

The report also highlights the dynamic nature of India’s tariff policies, which have increased from 11.59% in 2018 to 15.30% in 2022, in contrast to the relatively stable US tariffs on Indian goods. This shift reflects India’s more assertive trade policy aimed at balancing trade relations and protecting domestic industries. India is focusing on adding value to its exports, shifting from raw materials to finished goods and high-value products, which enhances export earnings and reduces the impact of tariff hikes.

The report suggests that India is also working on alternative trade routes, connecting Europe, the Middle East, and the US, reducing logistical costs and improving efficiency. This restructured supply chain approach is expected to strengthen India’s position in international trade despite global uncertainties. Overall, the report concludes that while US tariffs may impact Indian exports, India’s proactive trade policies, export diversification, and supply chain realignment will mitigate the impact, ensuring steady export growth in the long run.

A couple, both retired employees of the State Bank of India, have fallen victim to a scam that has left them out of pocket to the tune of Rs 6.74 lakh. The incident took place when the woman, who receives her pension in a joint account with her husband, attempted to transfer a payment to a cable operator using the internet banking facility of the bank. However, in her haste, she inadvertently entered an incorrect IFSC code, leading to a series of unfortunate events.

After discovering the mistake, the woman searched online for the branch linked to the incorrect code and found that it belonged to a bank in Aligarh. She then contacted the bank’s customer care number and, unaware of the scam, gave out her personal details to the person who claimed to be the bank manager. The fraudster, posing as the bank manager, assured her that he would help her recover the lost funds, but instead, proceeded to siphon off the entire amount.

The Kalachowki police are now investigating the case to identify the scammer and recover the stolen funds. The police have urged the public to be cautious while sharing personal details online and to always verify the authenticity of the information provided by individuals claiming to be bank officials or representatives. The incident serves as a stark reminder of the importance of being vigilant and taking necessary precautions to safeguard one’s personal and financial information.

In this case, the couple’s mistake of entering an incorrect IFSC code led to a chain of events that resulted in them falling prey to a cunning scam. The incident highlights the need for individuals to be more cautious and verify the authenticity of online transactions, particularly when sharing sensitive information. It is crucial to be aware of potential scams and take necessary steps to protect ourselves from falling victim to such fraudulent activities.

The Enforcement Directorate (ED) has started the process of recovering black money deposited in banks during the demonetization era. This comes after the ED seized Rs. 83 crore worth of jewellery from Musaddilal Jewellers in Hyderabad in January 2017, which was suspected to have been purchased with black money from around 6,000 “fake customers” by creating fake invoices. The jewellery, valued at Rs. 111 crore, was deposited in various bank accounts and later used to purchase bullion, generating an alleged crime of Rs. 28 crore from the sale of gold. The ED also found that SBI extended credit facilities to Musaddilal Jewellers, which remained unpaid, with outstanding dues of over Rs. 120 crore as of March 2023.

The ED initiated the restitution process by filing an application under Section 8 (8) of the Prevention of Money Laundering Act (PMLA) before a special PMLA court in Nampally, Hyderabad, to release the seized properties to the claimant, State Bank of India (SBI). The court allowed the release of the seized assets on February 3, with the ED agreeing to the restitution. This decision marks the beginning of the recovery of black money deposited in banks during the demonetization era. M/s Musaddilal Jewellers of Hyderabad had deposited Rs. 111 crore cash in various banks, claiming they were advance payments from about 6,000 clients for jewellery. However, the ED found that the deposits were made under the pretext of receiving advances from “fake customers” by creating fake invoices.

The State Bank of India (SBI) is set to release the admit card for the SBI Clerk (Junior Associate- Customer Support and Sales) preliminary examination on February 10, 2025. The online preliminary examination will consist of 100 objective questions, each worth one mark. The examination will be conducted on February 22, 27, 28, and March 1, 2025.

To download the admit card, candidates can follow these steps:

1. Visit the official SBI website, sbi.co.in.
2. Click on the link “Download SBI Clerk 2025 Prelims Admit Card.”
3. Enter login details using registered credentials, including enrollment ID and password.
4. Check and download the admit card.

After downloading the admit card, candidates should verify all details, including name, photograph, signature, and exam center information. In case of any discrepancies, they should contact the SBI organizing committee immediately.

The exam duration will be one hour, divided into three sections:

1. English Language: 30 questions, 30 marks, 20 minutes
2. Numerical Ability: 35 questions, 35 marks, 20 minutes
3. Reasoning Ability: 35 questions, 35 marks, 20 minutes

Candidates are advised to carefully read the instructions and follow the guidelines provided by the SBI. The admit card is an essential document that candidates must carry to the examination center.

Here is a summary of the article in 400 words:

The State Bank of India (SBI) is set to release the admit cards for the SBI Clerk Prelims examination today, February 10, for candidates who have applied for the Junior Associate (Clerk) recruitment examination. The exam is scheduled to take place on February 22, 27, and 28, 2025. The official website, sbi.co.in, will provide the link to download the call letters. Candidates are advised to be prepared to attend the preliminary exam.

The SBI Clerk Prelims exam will consist of 100 marks and will have a duration of one hour. The exam will consist of three sections: English Language, Numerical Ability, and Reasoning Ability. There will be negative marking for wrong answers, with 1/4th of the marks assigned to a question deducted for incorrect answers.

To download the admit card, candidates can follow these steps: visit the official website, navigate to the careers portal, open the current openings page, and click on the Junior Associate section. Then, click on the download link for the Preliminary Examination Call Letter, enter the login details, and check and download the admit card.

The SBI Clerk Prelims exam is a crucial step in the recruitment process for filling 13,735 Junior Associate vacancies. The official statement on the website reads, “Tentative dates for conduct of Preliminary Exam are 22nd, 27th, 28th February 2025 and 1st March 2025. Link for download of Call letters for the Preliminary Exam will be published on Bank website by 10th February 2025. Candidates are advised to be in preparedness to attend the Preliminary Exam.”

The State Bank of India (SBI) is set to release the SBI Clerk Prelims Admit Card 2025 by February 10, 2025. The admit card will be available on the official website of SBI at sbi.co.in. Candidates who have registered for the Junior Associate posts can download their admit card by following the steps provided. The preliminary examination for the Junior Associate posts will be held on February 22, 27, 28, and March 1, 2025.

The online preliminary exam will consist of 100-mark Objective Tests, which will last one hour and consist of three sections: English Language, Numerical Ability, and Reasoning Ability. Wrong answers will result in negative marks, with one-fourth of the mark assigned for each question being deducted. There is no minimum qualifying mark for individual tests or aggregate scores.

The SBI Clerk Prelims Admit Card 2025 will be available on the official website of SBI, and candidates can follow the steps provided to download it. The admit card will contain important details such as the candidate’s name, roll number, examination center, and date and time of the examination.

The recruitment drive aims to fill up 13,735 Junior Associate posts in the organization. The registration process started on December 17, 2024, and concluded on January 7, 2025. Candidates who have registered for the posts can check the official website of SBI for more related details.

It is essential for candidates to download their admit card and keep a hard copy of it for further reference. The SBI Clerk Prelims Admit Card 2025 is a crucial document that will be required to appear for the examination. Candidates are advised to be prepared to attend the preliminary exam, which will be held on the specified dates.

SBI Markets, an international financial analytics firm, recently released an assessment of Azerbaijan’s investment climate, declaring it “positive”. This comes as good news for entrepreneurs, investors, and businesses seeking to tap into the country’s vast economic opportunities.

According to SBI Markets, Azerbaijan has made significant progress in recent years, driven by a combination of favorable economic reforms, strategic diversification, and robust growth potential. The firm highlighted the government’s commitment to reducing bureaucracy and increasing transparency as key factors supporting a positive business environment.

Furthermore, SBI Markets noted Azerbaijan’s strong industrial sector, backed by significant investment in infrastructure development, as another major draw. The country has made significant investments in energy infrastructure, transportation systems, and modern telecommunications networks, making it an attractive destination for foreign investors and entrepreneurs.

One of the biggest attractions for foreign investors is Azerbaijan’s strategic geographical location, positioning the country at the crossroads of Europe and Asia. SBI Markets recognized the country’s proximity to global markets, ports, and logistical hubs as a major advantage.

In addition to its geographical location, Azerbaijan boasts a highly educated and skilled workforce, with the country investing heavily in education and training programs to ensure a talent pool that can meet the needs of international companies.

The Azerbaijan Investment Company, a state-funded organization, also plays a key role in facilitating foreign investment in the country, offering a range of incentives, including tax exemptions, subsidies, and access to land and credits.

Despite facing challenges, SBI Markets identified Azerbaijan as having a “competitive edge” when it comes to attracting foreign investors, citing a “business-friendly” environment and a “politically stable” country.

This assessment comes amid ongoing efforts to promote Azerbaijan’s economy, driven by the country’s vision for a “Hundred Days: A Plan to Achieve Future Success” agenda, which seeks to accelerate development, diversify the economy, and improve business conditions.

SBI Markets concluded that Azerbaijan has made significant progress in recent years, positioning it as an attractive destination for international investors and businesses seeking to take advantage of its unique combination of natural resources, strategic location, and business-friendly environment. The country’s outlook remains positive, with continued reform efforts and growth potential expected to drive further expansion in the future.

Here is a summary of the SBI Q3 Results:

State Bank of India (SBI) has reported a significant increase in its profits for the third quarter (Q3) of the current financial year. The bank’s net profit has jumped by 84% year-on-year (YoY) to ₹13,531 crore (approximately $1.8 billion) for the quarter ended December 31, 2022.

The impressive profit growth was driven by a significant improvement in the bank’s asset quality, reduction in provisions, and higher interest income. The bank’s gross non-performing assets (NPAs) declined by 34% YoY to ₹1,64,311 crore (approximately $22.3 billion), while net NPAs fell by 44% YoY to ₹1,05,811 crore (approximately $14.4 billion).

The bank’s provision coverage ratio also improved significantly, rising to 74.7% from 63.5% in the same quarter last year. The bank’s net interest income (NII) grew by 15% YoY to ₹34,443 crore (approximately $4.7 billion), driven by a 10% YoY increase in advances and a 5% YoY increase in deposits.

The bank’s total income also increased by 12% YoY to ₹82,511 crore (approximately $11.3 billion), driven by a 14% YoY increase in other income and a 10% YoY increase in NII. The bank’s operating profit also grew by 21% YoY to ₹26,511 crore (approximately $3.7 billion).

The bank’s capital adequacy ratio (CAR) stood at 13.2%, which is above the regulatory requirement of 11.5%. The bank’s return on equity (RoE) and return on assets (RoA) also improved, standing at 10.2% and 0.8%, respectively.

The SBI’s Q3 results are significant as they demonstrate the bank’s ability to improve its asset quality, reduce provisions, and increase its interest income. The bank’s performance is expected to continue to improve in the coming quarters, driven by its strong growth momentum and improving economic conditions.

If you’re an SBI credit cardholder, it’s essential to update your phone number and address in your SBI Card account if you’ve recently made any changes. Fortunately, the process is straightforward and can be done online. To begin, click on the “My Profile” link on the left-hand side of the SBI Card website, and then click on “Edit” to modify your details. You’ll be able to change your phone number, email ID, and even your social media account details. To do so, click on the “Social Media” tab and enter your new social media handle link. Once you’ve made the changes, generate an One-Time Password (OTP) and submit it to confirm the updates.

Additionally, you can also change your personal or office address, which requires generating another OTP. The new details will be updated once you submit the OTP. It is crucial to have your registered phone number handy to receive the OTP.

The SBI Card website also offers other functions, such as registering your card, converting big purchases into EMI, making online card payments, activating your online card, redeeming rewards points, and changing your online account password. These features are easily accessible under the “My Profile” tab.

Remember, using a credit card comes with its own set of risks, and it’s essential to be cautious when making transactions. By keeping your contact details updated, you can ensure that your SBI Card account remains secure and functional.

The State Bank of India (SBI) has issued a warning to its customers and the general public about the circulation of deepfake videos on social media. These videos allegedly feature SBI’s top management officials promoting investment schemes with unrealistic or unusually high returns. The bank has clarified that it does not offer or support any such schemes and urges people to exercise caution.

Deepfake videos are highly manipulated digital creations that use artificial intelligence to superimpose someone’s face or voice onto another person’s body, creating hyper-realistic and deceptive content. These videos can be used to spread misinformation, manipulate public opinion, or create fraudulent media for malicious purposes.

The SBI alert is a reminder of the growing concern over the use of deepfake technology, which can have significant implications for privacy, security, and ethics. Experts warn that deepfake videos can deceive the public, especially in political or social contexts, and highlight the challenges in verifying the authenticity of online content.

The bank’s warning is timely, as the use of deepfake technology is becoming increasingly sophisticated and widespread. It is essential for individuals to be aware of these tactics and take steps to protect themselves from falling prey to such deceptive content.

In light of this alert, it is crucial for people to exercise caution when encountering investment opportunities or advice on social media. They should verify the authenticity of the content and the credibility of the individuals promoting it. Additionally, it is essential to be vigilant and report any suspicious activity to the relevant authorities.

The SBI’s warning serves as a reminder of the importance of digital literacy and the need for individuals to be aware of the potential risks and consequences of deepfake technology. By staying informed and exercising caution, individuals can protect themselves from falling victim to these tactics and maintain their online safety and security.

The Union Budget 2025-26 has announced a new tax structure that is expected to benefit around 5.65 crore taxpayers who fall under the income slab of Rs 4 lakh and above. According to a report by the State Bank of India (SBI), these taxpayers will collectively save approximately Rs 1 lakh crore in taxes. The report highlights that individuals earning between Rs 8 lakh and Rs 12 lakh per annum will gain the most from these changes.

The SBI report estimates that the tax savings will lead to a significant increase in consumption, with an additional disposable income of Rs 3.3 lakh crore. This increase in spending is expected to stimulate economic activity, contributing to a more dynamic and sustainable economy. Higher consumption levels will drive demand across various sectors, potentially leading to job creation and overall economic well-being.

The budget also introduced a change in the income tax return filing process, extending the time limit for filing updated income tax returns (ITR-U) from 24 months to 48 months. This change is aimed at giving taxpayers more time to voluntarily update their income details and pay any additional tax owed.

Finance Minister Nirmala Sitharaman stated in her budget speech that the government aims to simplify taxation, encourage voluntary compliance, and boost economic growth through increased consumption and investment. The government has increased the ‘Nil tax’ slab from Rs 2.5 lakh in 2014 to Rs 7 lakh in 2023, and has proposed a big income tax relief bonanza in the new tax regime.

The report notes that around 78 per cent of the returned filled under the Individual Income Tax (IT) are under the new tax regime. The government hopes that these measures will encourage taxpayers to opt for the new tax regime, which is expected to simplify taxation and boost economic growth.

According to State Bank of India’s Chairman CS Setty, the Union Budget 2025 is a comprehensive budget that addresses key aspects of consumption, development, and investment across all sections of the economy. Setty views the budget as a vital step towards meeting priority sector lending targets, particularly for micro, small, and medium enterprises (MSMEs). The budget is expected to provide a much-needed boost to SBI’s lending to these sectors, which the bank had previously struggled to meet due to regulatory requirements.

As part of the priority sector lending targets, all scheduled commercial banks and foreign banks with a significant presence in India are mandated to set aside 40% of their adjusted net bank credit for lending to these sectors. Furthermore, banks are expected to meet specific sub-sector targets, which include MSMEs. As the largest bank in India, SBI had previously faced challenges in meeting these targets, and the budget is expected to provide the necessary support to meet these goals.

Setty’s comments suggest that the budget’s focus on MSMEs will have a positive impact on the economy, as these businesses are a crucial driver of job creation, growth, and innovation. By providing targeted financial support, the budget aims to alleviate some of the challenges faced by MSMEs, enabling them to grow and expand their operations.

Overall, the Union Budget 2025 is seen as a significant step towards promoting economic growth, job creation, and development, particularly in the small and medium-sized enterprise sector. With its focus on priority sector lending, the budget is expected to channel more resources towards these sectors, fostering sustainable growth and development across the economy.

The State Bank of India (SBI) has undertaken a notable corporate social responsibility (CSR) initiative by installing solar panels at the Bharat Sevashram Sangha in Gangasagar. This initiative aims to promote the use of renewable energy and sustainability. The event was held in the presence of senior officials from SBI, including Vivekananda Singh, Deputy General Manager, Tejaswita Ranjan, Regional Manager, and Nimai Maharaj, as well as functionaries from Bharat Sevashram Sangha.

At the event, Vivekananda Singh highlighted SBI’s commitment to supporting green energy initiatives. He emphasized that the bank is dedicated to driving positive change through various CSR initiatives, reinforcing its vision of responsible banking and sustainable development. This initiative is part of SBI’s efforts to promote environmental sustainability and reduce its carbon footprint.

The installation of solar panels at Bharat Sevashram Sangha is a significant step towards achieving this goal. The event marks another milestone in SBI’s journey towards a cleaner and more sustainable future. The bank’s CSR initiatives are designed to make a positive impact on society and the environment, and this project is a shining example of that commitment.

The installation of solar panels will not only reduce the Sangha’s dependence on non-renewable energy sources but also generate electricity, reducing its carbon footprint. This eco-friendly initiative will also serve as a model for other institutions and organizations to follow, promoting a culture of sustainability and environmental awareness.

Overall, SBI’s CSR initiative at Bharat Sevashram Sangha demonstrates the bank’s commitment to creating a better future for all, while also highlighting the importance of environmental sustainability. As a leading financial institution, SBI is well-positioned to make a significant impact in promoting renewable energy and reducing its carbon footprint, and this initiative is a step in the right direction.

Here is a summary of the content in 400 words:

The State Bank of India (SBI) has announced the release date for the SBI Clerk Admit Card 2024, which will be available for download by February 10, 2025. The Junior Associate (JA) tentative exam dates have also been released, scheduled for February 22, 27, 28, and March 1, 2025. The admit card link will be published on the SBI website, sbi.co.in, by February 10, 2025.

The SBI Clerk Prelims exam will consist of 100-mark Objective Tests, lasting one hour, and divided into three sections: English Language, Numerical Ability, and Reasoning Ability. Wrong answers will result in negative marks, with one-fourth of the mark assigned for each question being deducted. No minimum qualifying marks are prescribed for individual tests or aggregate scores.

The recruitment drive aims to fill up 13,735 Junior Associate posts in the organization. The registration process started on December 17 and concluded on January 7, 2025. Candidates can download their admit card by following the steps: visiting the official SBI website, clicking on the careers link, clicking on current openings, clicking on the SBI Clerk Prelims Admit Card 2024 link, entering login details, submitting, and downloading the admit card.

It’s essential for candidates to keep a hard copy of the admit card for further need. The online Preliminary Exam will be a crucial step in the selection process, and candidates are advised to be prepared. The SBI Clerk Admit Card 2024 is available for download on the official SBI website, and candidates are encouraged to check the website for more related details.

Here is a summary of the content in 400 words:

State Bank of India (SBI) Payments and Pine Labs have strengthened their 12-year partnership to drive the adoption of digital payments in India. The renewed collaboration aims to transform the digital payment landscape by enhancing merchant solutions and creating seamless payment experiences for consumers. The partnership will help merchants streamline operations, improve business productivity, and accept various forms of payments, including mobile wallets, debit, and credit cards. This will enable businesses to expand their customer base and increase sales through digital payments.

The partnership will also focus on providing a quick and secure transaction process for consumers, both online and in-store, improving consumer confidence in digital payments. Additionally, the collaboration is committed to financial inclusion, aiming to bring digital payments to even the most remote corners of India. This will empower businesses of all sizes, including small vendors and large corporations, to access advanced payment solutions, bridging the gap between urban and rural areas.

The partnership has seen milestones over the years, including a strategic alliance in 2019 to boost SBI’s Equated Monthly Installment (EMI) business using Pine Labs’ point-of-sale (POS) machines, and a US $20 million investment in Pine Labs in 2022 to support expansion plans, including online payment solutions and Buy Now Pay Later (BNPL) services.

The strengthened partnership is expected to reshape the digital payments landscape in India, making digital payments more accessible and efficient for both merchants and consumers. The move aligns with India’s broader goals of financial inclusion and digital empowerment, helping the country transition into a fully digital economy. Overall, the partnership between SBI Payments and Pine Labs is a significant step towards promoting digital commerce adoption and financial inclusion in India.

The State Bank of India (SBI) has revised the salary structure for Probationary Officers (PO) for the financial year 2024-25. The new salary structure has been detailed below, including basic pay, special allowances, dearness allowance, location allowance, and other allowances.

The basic pay for an SBI PO has been increased to Rs. 48,480, with 4 advance increments. The starting in-hand salary for an SBI PO ranges between Rs. 80000 to 85000 per month, including various allowances and deductions.

The major components of the SBI PO Revised Salary Structure include:

* Basic pay: Rs. 48,480
* Special allowance: Rs. 14,967
* Dearness allowance (DA): Rs. 14,336
* Location allowance: Rs. 2,300
* Medical insurance: Rs. 850
* Gross salary: Rs. 94,581
* Deductions: Rs. 9,617

The SBI PO Salary 2025 includes various allowances and perks, such as:

* House Rent Allowance (HRA)
* City Compensatory Allowance (CCA)
* Learning Allowance
* Travelling Allowance
* Furniture Allowance
* Petrol and other allowances

The SBI PO Salary 2025 also includes deductions, such as:

* Contributions to the Provident Fund (PF)
* Income tax
* Professional tax
* Contributory pension fund

The SBI PO job profile includes:

* Candidates are given training regarding basic banking knowledge before joining through an online course
* They are required to complete the course before joining
* Selected candidates are required to sign a bond of INR 2 lakhs
* They are required to serve the bank for a minimum period of three years
* The officers will be on probation for two years
* They are subjected to continuous assessment during the probation period
* Candidates meeting the parameters are confirmed in the service

The SBI PO Promotions include:

* Assistant Manager
* Deputy Manager
* Manager
* Chief Manager
* Assistant General Manager
* Deputy General Manager
* General Manager
* Chief General Manager
* Deputy Managing Director
* Managing Director
* Chairman

The SBI Salary Annual Package includes:

* Basic pay
* Dearness allowances
* HRA
* City Compensatory Allowances
* Additional benefits

The overall annual package may differ based on several factors such as location, experience, and so on. The minimum Gross compensation is anticipated to be roughly Rs. 9.50 lakhs per year, whereas the maximum gross compensation is expected to be about Rs. 11 lakhs per year.

Here are some frequently asked questions about the SBI PO Salary 2025:

Q1. What is the starting salary for SBI PO 2025?

A1. The initial in-hand salary of SBI PO ranges between Rs. 80000 to 85000 per month, including various allowances and deductions.

Q2. What are the major components of the SBI PO Revised Salary Structure?

A2. The major components of the SBI PO Revised Salary Structure include basic pay, special allowance, dearness allowance (DA), location allowance, and various other allowances.

Q3. What is the pay scale for SBI PO Salary 2025?

A3. The pay scale for SBI PO Salary 2025 is Rs. 48480-2000/7-62480-2340/2-67160-2680/7-85920.

Q4. What are the deductions applied to the SBI PO salary?

A4. Deductions from the SBI PO salary include contributions to the Provident Fund (PF), income tax, professional tax, and contributory pension fund.

Q5. What are the allowances included in the SBI PO Salary 2025?

A5. The allowances and perks included in the SBI PO Salary 2025 are HRA, DA, Medical Insurance, Travelling Allowance, Furniture Allowance, Petrol and other allowances.

The State Bank of India (SBI) has made available the admit cards for the pre-exam training for the Junior Associates recruitment for 13,000+ vacancies. The pre-exam training is specifically for candidates from SC/ST/OBC/Ex-servicemen/PwBD categories, in accordance with the Government of India’s guidelines. The pre-exam training will be conducted online, and candidates can download their admit cards from the official SBI website, sbi.co.in.

To download the admit card, candidates need to follow these steps:

1. Visit the official SBI website, sbi.co.in
2. Click on the ‘Careers’ link on the homepage
3. Click on the ‘Current Openings’ link
4. Look for the ‘SBI Clerk Pre-Exam Admit Card 2024’ link and click on it
5. Enter login details (username or registration number, and password or date of birth) and click ‘Submit’
6. The admit card will be displayed for download

The SBI Clerk 2024 recruitment drive is a prestigious opportunity for aspiring candidates to join the bank. The pre-exam training is a crucial step in the recruitment process, and candidates are advised to download their admit cards without delay.

The SBI Clerk prelims exam, scheduled for February 2024, will consist of 100 multiple-choice questions, totalling 100 marks, and will be conducted online. A penalty of 0.25 marks will be applied for each incorrect answer. Separate admit cards will be issued for this stage. Candidates are advised to carefully review the admit card details, including the exam date, time, and venue, and report on time to the exam center to avoid any last-minute hassle.

Here is a summary of the content in 400 words:

The SBI Patrons scheme is a term deposit scheme designed by the State Bank of India (SBI) for super senior citizens, who are 80 years or older. This scheme provides a higher interest rate compared to regular FDs to cater to the needs of senior citizens. The scheme was launched to meet the financial needs of this age group, which is often struggling to meet their expenses due to declining incomes and increasing expenses.

The SBI Patrons scheme offers an interest rate that is 10 basis points (bps) above the regular interest rates applicable to senior citizens. The interest rates range from 4.10% to 7.60% for super senior citizens. For example, the one-year interest rate is 7.4% and the two-year interest rate is 7.6%.

The scheme is available in two types: term deposit receipts and callable deposits under special term deposits. The minimum amount to apply for this scheme is ₹1,000, while the maximum amount is ₹3 crore. The deposit period ranges from 7 days to 10 years. However, a penalty is applicable for premature withdrawal of the deposit, as is the case with normal-term deposits.

The SBI Patrons scheme is a unique offering from SBI, which recognizes the financial needs of super senior citizens. With a range of interest rates and flexible deposit periods, this scheme provides an opportunity for super senior citizens to plan their finances and ensure a steady income stream. Additionally, the scheme provides a higher interest rate compared to regular FDs, making it an attractive option for those who want to grow their savings. Overall, the SBI Patrons scheme is a great option for super senior citizens looking for a secure and profitable savings option.

The upcoming Union budget for 2025 is expected to include announcements that will strengthen India’s financial growth, reform the insurance sector, and improve the healthcare landscape. A recent report by the State Bank of India (SBI) has made several recommendations to the government, including increasing the budget allocation for healthcare by 5% of GDP, exempting GST and taxes on term and health insurance premiums, and rationalizing GST rates on medical devices.

The report also proposes introducing a unified framework for government-sponsored pension schemes, such as the Atal Pension Yojana (APY) and Pradhan Mantri Shram Yogi Mandhan (PM-SYM), to improve accessibility and effectiveness. Additionally, it recommends introducing special insurance schemes for MSME employees and their promoters to protect them against unforeseen losses.

The report highlights the need for major reforms in India’s insurance and healthcare industries, including tax exemptions, increased public spending, and policy rationalization. Insurance penetration has dropped to 3.7% in FY24, and life insurance penetration has fallen sharply to 2.8%. To encourage individuals to invest in essential covers, the government should exempt GST and taxes on term and health insurance premiums.

The report also calls for the government to raise the public healthcare budget to 5% of GDP, exceeding the 2.5% target set by the National Health Policy 2017. This can be achieved by funding it through a proposed 35% GST on tobacco and sugary products and proceeds from the healthcare CESS. Rationalizing GST rates on medical devices to a uniform 5-12% could also reduce costs and simplify compliance, easing the burden on manufacturers and distributors.

Overall, the report emphasizes the need for strategic reforms to strengthen India’s insurance and healthcare infrastructure, promoting economic stability and improved well-being for its citizens.

According to a new report by SBI Research, India’s new investment announcements for the first nine months of FY25 have seen a significant 39% year-on-year (y-o-y) growth, reaching over ₹32 lakh crore. The power sector led the way, accounting for 42% of the total new investment announcements, followed by building infrastructure, manufacturing, and transport infrastructure. The report notes that private participation in new investment announcements has increased, from around 50% in FY21 to over 70% in 9MFY25, with a corresponding decline in government participation.

The research team also observed that the gross block, a measure of a company’s tangible assets, has increased significantly, from ₹73.94 lakh crore as of March 2020 to ₹106.50 lakh crore as of March 2024. On an average, Indian Inc. has added over ₹8 lakh crore of gross block yearly in the last five years, indicating a robust addition in coming years. Moreover, the report highlights that the capital work in progress of ₹13.63 lakh crore as of March 2024 suggests a robust addition in coming years.

The report also notes that the private sector has increased its investment in Indian Inc., which suggests that the government’s initiatives to promote private sector investment are showing positive results. Soumya Kanti Ghosh, Group Chief Economic Advisor, SBI, predicts that private investment in FY24 could reach around 12.5% of GDP, the highest since FY16. Overall, the report suggests that India’s investment landscape is on an upward trend, driven by both government and private sector initiatives.

A new Android malware campaign has been uncovered, targeting unsuspecting users with a fake State Bank of India (SBI) rewards application. The malicious app is distributed via WhatsApp messages, promising users a reward of ₹9,980. However, the app’s true intention is to steal sensitive information and compromise users’ devices.

The campaign begins with a WhatsApp message claiming that the user’s SBI reward points are about to expire, followed by a link to download a malicious APK file. Once installed, the app requests excessive permissions, including access to SMS, contacts, call logs, and storage.

The malware app’s AndroidManifest.xml file reveals its intent to exploit device features, including internet access, SMS reading and sending, call handling, and storage access. Dynamic analysis of the app’s network traffic shows that it establishes connections with two command-and-control (C2) servers, which are used to exfiltrate sensitive data such as device information, Android version, SIM details, and mobile number.

The app also mimics legitimate SBI login pages to harvest user credentials, including username and password, debit/credit card details, and OTPs for financial transactions. The captured credentials are transmitted to the server superherocloud.com, which was registered just two months ago.

The researcher who discovered the malware urges users to follow certain guidelines to avoid falling prey to such attacks, including avoiding the download of APK files from unverified sources, verifying suspicious messages with official bank channels, and installing apps only from trusted platforms like the Google Play Store. The researcher also emphasizes the importance of using antivirus software to detect malicious apps and being cautious of messages creating urgency or offering rewards.

In a heroic display of bravery, three bank employees from the State Bank of India (SBI) branch in Patara, Uttar Pradesh, came forward to apprehend an armed robber who attacked the security guard at the bank on the morning of January 18. The incident was captured on the bank’s CCTV footage. The robber, who was wearing a white hoodie, entered the bank on a bicycle and attacked the security guard at his desk. As the employees were alerted to the commotion, they joined the altercation to stop the intruder.

Despite being armed with a locally made pistol and three knives, the employees were able to overpower the thief, tackling him and using the security guard’s rifle to fend him off. The branch manager, security guard, and cashier all sustained minor knife injuries in the process, but were able to contain the situation and contact the police. The accused has been taken into custody, and all parties, including those injured, have been sent to the hospital for treatment.

The motive behind the attack is still being determined by the police. This incident shines a light on the quick thinking and bravery of the bank employees, who risked their own safety to protect their colleagues and the public. Their heroism will not go unnoticed, and it serves as a testament to the importance of community and public service. The employees’ actions demonstrate that even in the face of danger, ordinary people can make extraordinary decisions, and their bravery can make a significant impact on the safety and security of those around them.

The article provides a list of State/UT Pre-Examination Training Centers/Preliminary Examination Centers across India. Here is a summary of the information in 400 words:

There are a total of 76 centers located across 35 states and union territories in India. The list includes major cities in each state/UT, providing a convenient option for candidates to take their examination.

Some states have multiple centers, while others have only one. For instance, the Andhra Pradesh government has established pre-examination training centers in Chittoor, Eluru, Guntur/Vijayawada, and many other cities.

Several major cities with multiple centers are listed, such as Mumbai and Thane (Maharashtra), Bengaluru and Hubli (Karnataka), Hyderabad and Warangal (Telangana), and Chennai and Coimbatore (Tamil Nadu). Other major cities with multiple centers include Patna (Bihar), Kolkata and Siliguri (West Bengal), Delhi, and Chandigarh.

Union territories with one center each are Andaman & Nicobar Islands (Port Blair), Ladakh (Leh), Lakshadweep (Kavaratti), and Puducherry (Puducherry). The article provides a comprehensive list of state-wise and UT-wise pre-examination training centers and preliminary examination centers across India, making it a valuable resource for candidates appearing in the examination.

The centers in each state and UT cater to the examination requirements of respective localities. Additionally, candidates are advised to contact the nearest SBI recruitment portal for detailed instructions and procedures on how to reach the designated exam center and undertake the exam procedure.

An armed man attempted to rob the State Bank of India’s Ghatampur branch in Kanpur on Saturday morning, injuring three people in the process. The incident occurred at around 10:45 am when the man, armed with a knife, clashed with the security guard, leading to a struggle with the bank’s manager and cashier. The confrontation left the manager, cashier, and security guard with minor knife wounds, while the attacker was also injured during the scuffle.

The police were alerted after the intruder entered the premises, and a team led by ACP Ghatampur, along with officers from Ghatampur and Bidhnu police stations, is investigating the incident. The authorities are working to identify the assailant, and all injured individuals have been taken to the Community Health Centre (CHC) for treatment.

According to DCP South Ashish Srivastava, the police received a call from the Patara SBI Bank about an armed person entering the premises. The intruder had a physical confrontation with the security guard, leading to the involvement of the branch manager and cashier. The struggle left the manager, cashier, and security guard with minor knife wounds.

The attacker was also injured in the incident, and police found a firearm on his person. The police are reviewing the CCTV footage to identify the assailant and determine the motive behind the robbery attempt. The investigation is ongoing, and the police are working to ensure that the perpetrator is brought to justice.