Tag Archives: State Bank of India

In a shocking case of financial fraud, a fake State Bank of India (SBI) branch was discovered operating in the Sakti district of Chhattisgarh, duping locals and unemployed individuals of lakhs of rupees. The elaborate scam involved illegal appointments, counterfeit documents, and staged training sessions, all set up to deceive unsuspecting villagers and job seekers.

Challa Sreenivasulu Setty officially took on the role of Chairman at the State Bank of India (SBI) on Wednesday, following the retirement of his predecessor, Dinesh Khara. SBI announced Setty's appointment in a regulatory filing, marking the start of his tenure at the helm of the country's largest lender.

State Bank of India (SBI), the country's second-largest credit card issuer with a user base of over 18 million cards, has announced revisions to its annual maintenance charges for certain categories of debit cards. The new rates, which will come into effect from April 1, mark the beginning of the new financial year.

In response to regulatory directives to wind down its operations by March 15, Paytm Payments Bank, a key player in India's digital payment sector, is reportedly considering partnerships with major banks for Unified Payments Interface (UPI) transactions.

In a recent development, India has extended the tenure of Dinesh Khara, the chairperson of the State Bank of India (SBI), until August of the following year. This decision will allow Khara to continue serving in his role until he reaches the age of 63, in accordance with the established norms governing the position.

State Bank of India (SBI) takes the lead as the most profitable company in Q1 FY24, surpassing Reliance Industries, according to Capitaline Databases data.