SBI News

SBI Slashes Fixed Deposit Rates by 10bps Following RBI's Recent Rate Cut Decision

Following the RBI's recent rate cut, SBI has reduced its deposit rates by 10bps, affecting select tenors and potentially lowering borrowing costs. The move aligns with broader mone...

SBI Slashes Interest Rates by 25 Basis Points to Fuel Growth Amid US Tariff Tensions

SBI reduces lending rates by 25 bps following RBI's rate cut, aiming to boost economic growth amid US tariff concerns. Revised rates effective from April 15, 2025, with adjustments...

SBI Embraces the Future: Deploying Agentic AI to Revolutionize Customer Service in Banking

State Bank of India is pioneering the use of agentic AI to enhance customer service, with plans to extend this technology from staff to customers. The bank's hybrid cloud strategy ...

Celebrating a Century: SBI's Historic Delhi Branch Marks 100 Years of Banking Excellence

SBI's main branch in Delhi celebrates its 100th anniversary, marking a century of banking service with the release of a special cover. Originally named Raisina Road Branch, it was ...

SBI UPI Services Experience Major Outage, Leaving Customers Stranded for Hours

SBI customers experienced a major outage in UPI and mobile banking services for over four hours due to technical issues, disrupting digital transactions across the country. The iss...

Empowering Women Entrepreneurs: SBI Introduces Collateral-Free SME Loans and 'Nari Shakti' Debit Card

SBI launches a collateral-free SME loan for women entrepreneurs and introduces the 'Nari Shakti' debit card, aiming to empower women-led businesses with easier access to funding an...

SBI Reports: Women-Centric Direct Benefit Transfers Strain State Finances Nationwide

The State Bank of India reports that women-centric Direct Benefit Transfer schemes are straining state finances, with costs exceeding Rs 1.5 lakh crore across eight states. These i...

SBI Chairman Advocates for Enhanced Spot Trades and Market Transparency

SBI chairman C S Setty calls for expanding listed companies, promoting spot transactions, and enhancing market transparency to support India's economic growth and achieve net-zero ...

SBI's Har Ghar Lakhpati RD Scheme: Your Path to Becoming a Lakhpati with Monthly Investments

SBI's Har Ghar Lakhpati RD scheme offers a strategic way for individuals to build a Rs 1 lakh corpus through monthly investments. With varying interest rates for general residents ...

SBI and HDFC Bank Elevate Fixed Deposit Rates, Offering Enhanced Benefits for Seniors Above 80

SBI and HDFC Bank have increased fixed deposit rates, especially for seniors above 80, as part of a strategy to attract more savings. SBI introduces a new category for super senior...

SBI Revolutionizes NRI Banking: Paperless Account Opening Now a Reality

State Bank of India introduces a digital onboarding process for NRIs, eliminating paperwork for NRE and NRO accounts. This move, aimed at enhancing customer convenience and reducin...

SBI Chief Highlights Seasonal Economy Slowdown and Urges for Increased Private Capex

SBI Chairman C S Setty discusses the bank's strategies for navigating a competitive market, enhancing digital and physical channels, and contributing to economic growth. He emphasi...