Borrowers can check their eligibility and upload relevant documents on the SBI website, which would be followed up by scrutiny and approval at the branch level.
Titan Company Ltd has partnered with the country’s largest lender State Bank of India to launch contactless payment watches.
The report had come out in August end covering the first lockdown period which hit the economy hard rendering millions jobless.
All permanent employees who have completed 25 years of service or 55 years of age can opt for the scheme. However, it is up to the bank to accept or reject applications.
The bank has won three Brandon Hall Excellence Awards, also known as the Academy Awards of Learning & Development, SBI claimed in a statement.
He conveyed the Independence Day greetings to all the depositors.Braving heavy rain, the bank staff participated in the celebrations.
He was working in the RACPC Branch (Retail Assets Central Processing Centre) which handles loans. The other 45 employees working in that centre were also tested.
The rupee has not witnessed a sharp spike in the past two months and has been trading in the range of 75-76 per dollar.
The State Bank of India, through its SBI Foundation, Telangana, committed to donate Rs 1.1 crore towards food, medical and health equipment distribution for the fight against Covid-19.
The new rates of interest, effective from Wednesday, shall be made applicable to fresh deposits and renewals of maturing deposits.
COVID-19: SBI shuts Kolkata wing after employee tests positive, CISF official succumbs to deadly virus
The SBI official said the employee was not attending office for the last 8-10 days and was later found to have contracted the deadly virus.
SBI cuts benchmark lending rate by .15 per cent; launches special deposit scheme for senior citizens
With regard to revision in the lending rate, the bank said, the marginal cost of funds based lending rate (MCLR) comes down to 7.25 per cent from 7.40 per cent with effect from May 10.
The RBI move is aimed at providing borrowers some relief to borrowers, who are affected by the impact of lockdown on account of COVID-19.
Besides, the bank is providing protective gears, such as masks, and hand sanitisers to its staff for their well-being.
SBI said that the bank has reduced its one-year MCLR by 10 basis points to 7.75 per cent from 7.85 per cent earlier.