SBI – Page 4 – Timeline Daily

Willful Defaults On Rise Despite Fall In NPA

16Oct

Business

Willful Defaults On Rise Despite Fall In NPA

The number of willful defaulters is expected to rise with the Reserve Bank of India (RBI)'s instruction for banks to classify a borrower as a willful defaulter within six months of the account becoming a non-performing asset (NPA). Willful defaults had risen by Rs. 50,000 crores to Rs. 3,53,874 c...

Government Extends SBI Chairman Dinesh Khara’s Term

5Oct

Business

Government Extends SBI Chairman Dinesh Khara’s Term

The tenure of the chairman of India’s biggest lending bank, the State Bank of India, Dinesh Khara has been extended by ten months. The extension of his tenure is till the month of August 28, 2024, the moneycontrol reported as sources who were in the know said. Mr. Khara’s appointment as the Chair...

RBI Imposes Penalty On SBI And Other Banks For Violation Of Regulations

26Sep

Business

RBI Imposes Penalty On SBI And Other Banks For Violation Of Regulations

The RBI has imposed monetary penalty on banks which have violated regulatory norms, an RBI press release said. The penalty falls on three state owned banks, the State Bank of India (SBI), Indian Bank and Punjab and Sind Bank. The SBI has been fined with Rs.1.3 crore for non-compliance of ‘Loans and ...

Chocolates And Home Visits: SBI’s New Strategy For Loan Repayment

18Sep

Business

Chocolates And Home Visits: SBI’s New Strategy For Loan Repayment

The State Bank of India is now sending Chocolates, with home visits, as inducements to remind of loan repayments. The bank said that, this was yielding results in terms of success. This measure is being adopted as a part of boosting timely repayments, especially among the bank’s retail borrowers. Th...