At least three PSBs have former SBI executives as MD & CEO at present - Sanjiv Chadha of Bank of Baroda, Partha Pratim Sengupta of Indian Overseas Bank and Soma Sankara Prasad of UCO Bank.
The State Bank of India on Monday told the Gujarat High Court that it has issued a no-dues certificate, which was withheld over non-payment of an outstanding amount of just 31 paise.
State Bank of India (SBI) on Thursday announced that the government has nominated Financial Services Secretary Sanjay Malhotra as a director on its board.
The Madras High Court has deplored the "administrative arrogance" on the part of the officials of the leading premier public sector bank State Bank of India towards its customers.
The spokeperson said SBI had an existing workforce of around 250,000 and had been at the forefront of serving employee needs and designing ways for engaging, assisting employees in their life journey
The scheme will be opened to all permanent officers and staff who have put in 25 years of service or have completed 55 years of age on the cut-off date