The court also heard that the banks do not accept the former Kingfisher Airlines boss' assertion that most of his assets are in India and to a lesser extent worldwide.
In recent months, there have been several instances of under-reporting of bad loans by lenders, prompting regulatory action by the Reserve Bank of India.
The ATM operations were also affected.
The reduction comes as the Reserve Bank in a surprise move left the key policy rates unchanged last Thursday at 5.15 per cent.
According to the bank's statement, starting January 1, 2019, the old cards will be invalid. Once the card is blocked, as a safety measure, the bank will not unblock it under any circumstances.
He said the SBI Purchasing Managers' Index (PMI) has crossed the 50 per cent mark for the first time last month.
The m-cap of SBI jumped Rs 11,334.26 crore to Rs 3,05,087.85 crore, becoming the top gainer among the ten most valuable companies.
The loans of SBI and PNB to Ruchi Soya will be partially written off after the insolvency resolution is completed
The sources said the fraudsters attempted to withdraw over Rs 20 crore from a non-home branch of SBI in Dehradun while Rs 9 crore was attempted to be stolen from a branch of the bank in Mumbai.
Allahabad Bank topped the list in cases where the bank's own employees were involved in frauds.
The service lets users avail benefits like free cancellations, lounge access, and extra frequent flyer points.
MoS Finance Anurag Singh Thakur said that the reduction in the amount through levy of charges by PSBs during 2018-19 include reduction in charges for non-maintenance of balance by SBI.
The funds raised will be utilised for Strategic Road Development Programme and other developmental works.
The slack in demand and investment is likely to drag material economic recovery to next financial year, according to Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI.
The report, however, said the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.