SBI informed its payment partners that it is not going to share any fee with them if the transaction going through its payment gateway is of less than Rs 1,000 and originated from a non-SBI debit card
Only 20 per cent of the banking transactions are happening in the branches
The stock was up 25 to Rs 281, trading at its highest level since February 16, 2018.
Those with a tenor of two to less than three years have been raised by five bps to 6.65%
Kumar said the bank is looking to bring in a partner for SBI Capital Markets (SBI Caps)
SBI has moved higher by 6% to Rs 260, bouncing back 8% from early morning low of Rs 241 on the NSE
SBI on March 13 had substantially reduced charges for non-maintenance of average monthly balance (AMB) in savings accounts, which would benefit 250 million bank customers
Loss mainly due to RBI-mandated reclassification of corporate loans
SBI is the lead banker in 6 out of 12 large NPAs with a total outstanding loan of Rs 1.75 trillion
Know SBI's 'social etiquette tips'
The four claimed that the bank erred as it had not intimated them before debiting money from their account
For short-term deposits (46-179 days), it will offer 4.85%; for those of a year to 10 years, the new rate is 5.25%
The lender also raised interest by 100 bps on bulk deposits above Rs 10 cr
While slippage ratio was down to 1.85%, operational growth was muted in Q2
For car loan customers, the loan amount ranges from 8.70 per cent per annum to 9.20 per cent per annum compared to earlier range of 8.75 per cent to 9.25 per cent.
India's state-run banks have been battered by soured loans
The top accounts include Jai Balaji Industries (Rs 873 crore), MSP Metalics (Rs 554 crore) and Shiva Textfab Ltd (Rs 531 crore)
The Reserve Bank of India has not stipulated any minimum balance to be maintained in pension accounts
The revised minimum monthly average balance requirement and charges will become applicable from October
The chat assistant, known as SBI Intelligent Assistant, will help customers with everyday banking tasks