Gandhinagar: Chief Minister Shri Bhupendra Patel was presented with a check of ₹4.64 crore by the State Bank of India (SBI) for the Chief Minister's Relief Fund. The check was handed over by Chief General Manager Hemant Karoliya, representing the voluntary contribution of one day's salary from officers of SBI branches across Gujarat. This contribution aims to provide relief to the people affected by the recent heavy rains in the state. Senior officers of the bank and office bearers of th...Read More

Kutch: An unprecedented case came to light today when a man visited a bank to open a new account, and his application was rejected on the grounds of staff shortage. The incident occurred today when Vipul visited the SBI (State Bank of India) Nakhatrana branch with a written application to open a new account. However, the branch manager allegedly rejected the application and provided the reason for rejection in writing. On the application, the manager wrote, "Due to shortage of staff, not able...Read More

Gandhinagar: The State Bank of India (SBI) on Tuesday, announced that it has become the first bank to be a trading-cum-clearing (TCM) member of the India International Bullion Exchange (IIBX) at GIFT City in Gujarat. This milestone allows SBI IBU Gift City to conduct and settle trades on the IIBX platform on behalf of its clients, according to an official release. RBI guidelines permit branches of Indian banks in GIFT IFSC to act as trading members (TM) or trading and clearing members (TCM...Read More

Mumbai: SBI Card and Reliance Retail have come together to launch the co-branded ‘Reliance SBI Card’. This credit card offers a holistic and rewarding shopping experience to customers across  segments with varied spending needs, right from mass to premium. The card enables cardholders to  unlock rewards and benefits while transacting at Reliance Retail’s extensive and diverse ecosystem,  ranging from fashion & lifestyle to grocery, consumer electronics to pharma, furniture to jewelr...Read More

Surat: The sale of duty-free gold for jewellery exporters at a newly set up gold distribution centre in SBI's main branch in Chowk Bazar has begun in Surat for the first time in Gujarat through the State Bank of India(SBI), on-demand from the Surat Jewellery Manufacturer Association (SJMA). So far the majority of over 450 jewellery-making units were purchasing duty-free gold from Mumbai. Now a set up of a 50 kg gold vault will give a level-playing field for local jewellery exporters with exporte...Read More

Ahmedabad: State Congress spokesperson Dr. Manish Doshi raised questions over the recent recruitment of 660 clerks in the State Bank of India (SBI) in Gujarat. 70% of the candidates from other states were recruited, ignoring the rule of compulsory proficiency in the Gujarati language, the Congress Spokesperson claimed. Doshi said that the State Bank of India had called for online applications for 660 posts of Junior Associate in May 2021 and then the examination was held in July 2021. Youn...Read More

Mumbai: India’s largest commercial bank, State Bank of India (SBI), acting through its IFSC Gift City branch, raised 3-year funds of USD 500 million through syndicated loan facility at very fine pricing. Commenting on the transaction, Shri Ashwini Kumar Tewari, Managing Director, SBI said, “The successful launch of Syndicated loan at such a fine pricing demonstrates the kind of reputation SBI has created for itself in offshore financial markets allowing it to efficiently raise funds...Read More

Ahmedaabd: Amdavad Municipal Corporation (AMC) today sealed a branch of State Bank of India in Meghaninagar area of city for breach of social distancing guidelines. DeshGujaratRead More

Mumbai: Country’s largest lender, State Bank of India has decided to waive maintenance of Average Monthly Balance (AMB) for all Savings Bank Accounts in attempt to further boost the efforts to promote Financial Inclusion in the country. The charges on maintaining AMB are now waived off on all 44.51 crore SBI savings bank accounts. Currently SBI Savings Bank customers’ needs to maintain AMB of Rs 3000, Rs 2000 and Rs 1000 in Metro, Semi Urban and Rural areas respectively. Bank used to levy ...Read More

Gandhinagar: Gujarat Government’s Industry Department today signed a MoU with the State Bank of India (SBI) in presence of Chief Minister. Ensuing this, the new entrepreneurs, who want to setup MSME in Gujarat, would easily get assistance for availing working capital and project cost in specific time-limit, said a statement issued by the government. As per the MoU, to avail the financial assistance for their new MSME projects the entrepreneurs would get permission in principle within just ...Read More