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New SBI Chairman

  Mr. Rajnish Kumar has been appointed as the Chairman of the largest Indian Bank State Bank of India.  The cabinet approved Mr. Kumar’s appointment for a period of three years from October 7, 2017, according to statement issued by the Department of Personnel and Training (DoPT). Mr. Kumar, is presently one of the four

New SBI Chairman

  Mr. Rajnish Kumar has been appointed as the Chairman of the largest Indian Bank State Bank of India.  The cabinet approved Mr. Kumar’s appointment for a period of three years from October 7, 2017, according to statement issued by the Department of Personnel and Training (DoPT). Mr. Kumar, is presently one of the four

Linking Of Pay To Productivity In PSBs

It is nevertheless difficult for the Public Sector Banks to match the salary and other compensation packages paid by the new Private Sector Banks. The main difficulty in the service approach of PSBs was attributed to their inability to match with the pay compensation of their counter parts in the Private Sectors, which was essential

Linking Of Pay To Productivity In PSBs

It is nevertheless difficult for the Public Sector Banks to match the salary and other compensation packages paid by the new Private Sector Banks. The main difficulty in the service approach of PSBs was attributed to their inability to match with the pay compensation of their counter parts in the Private Sectors, which was essential

Digital Transactions

Demonetization had compelled people to go for Digital Transactions, which appears to be of-course, a temporary phenomenon.  Why. RBI has slowly increased the currency circulation. Households and business personnel are moving closely back to their choice for making payments. Withdrawal of cash from ATMs have picked up and almost reached a level as was before

Digital Transactions

Demonetization had compelled people to go for Digital Transactions, which appears to be of-course, a temporary phenomenon.  Why. RBI has slowly increased the currency circulation. Households and business personnel are moving closely back to their choice for making payments. Withdrawal of cash from ATMs have picked up and almost reached a level as was before

Six Banks Cheque Books Invalid From 30th Sept ’17

SBI stated that the old cheque books and IFS codes of these six banks will not be valid after September 30. Are you a State Bank of India (SBI) customer holding an account in its subsidiary banks? Soon, you have to get a new cheque book along with the Indian Financial System (IFS) code. The

Six Banks Cheque Books Invalid From 30th Sept ’17

SBI stated that the old cheque books and IFS codes of these six banks will not be valid after September 30. Are you a State Bank of India (SBI) customer holding an account in its subsidiary banks? Soon, you have to get a new cheque book along with the Indian Financial System (IFS) code. The

SBI Reduces Minimum Average Balance

The issue of maintenance of Monthly Average Balance (MAB), in Savings Account with State Bank of India, had become a big issue, with hue and cry across from public and other media.  Several representations and requests came from several quarters for a reduction in the bank’s MAB. Succumbing to the heavy pressure across, SBI has

SBI Reduces Minimum Average Balance

The issue of maintenance of Monthly Average Balance (MAB), in Savings Account with State Bank of India, had become a big issue, with hue and cry across from public and other media.  Several representations and requests came from several quarters for a reduction in the bank’s MAB. Succumbing to the heavy pressure across, SBI has