The Karnataka government has instructed all its departments, boards, corporations, public sector units, and universities to withdraw their deposits and investments from the State Bank of India and Punjab National Bank. The government has also ordered a halt to any further business transactions with these institutions. The order was issued by PC Jaffer who is ...

The SBI has launched Project Kuber in Bengaluru to help in increasing its market share in liability products for individuals as well as businesses. The State Bank of India (SBI) has launched Project Kuber, which involves the establishment of four transaction banking hubs and one corporate salary package hub in Bengaluru.  The primary objective of ...

Anil Ambani Companies: Three companies owned by Anil Ambani led Reliance Group have been flagged for being fraudulent by well-known Indian banks, including State Bank of India.  Apparently, Reliance Communications, Reliance Infratel, and Reliance Telecom owes lenders as much as a whopping ₹86,188 crore. Anil Ambani has been claiming that his net worth is zero. ...

Amid the national lockdown, declared to curtain the spread of corona virus, Indian banks suggested their customers to opt for mobile or internet banking over cash. The shutdown has resulted in lesser staff. The move helps in preventing the unnecessary crowding of branches. The banks are offering digital schemes in the wake of pandemic to ...