Tuesday, July 5, 2016

Recruitment of Probationary Officers in State Bank of India

Recruitment of Officers in Specialized Positions (11 Posts) in State Bank of India


Monday, July 4, 2016

SBI signs pact with World Bank ( July 04, 2016)

State Bank of India has inked agreements with the World Bank for a $625-million (around Rs.4,200 crore) facility to support grid connected rooftop solar programme in the country. This will help SBI finance grid connected rooftop solar photovoltaic projects at very competitive rates, the bank said in a statement. “This, in turn, will catalyse the market and support the government to faster achieve its target to generate 40 GW of electricity from widespread installation of rooftop solar photovoltaic panels,” it said. The eligible beneficiaries under the facility would be developers, aggregators and end-users, who wish to set up solar PV projects mainly on commercial, industrial and institutional rooftops.

SBI in pact with Flipkart for EMI facility ( July 02, 2016)

State Bank of India (SBI) on Friday partnered with Flipkart to offer pre-approved equated monthly instalment (EMI) facility to the bank's customers. Under this partnership, SBI will provide an overdraft facility to pre-qualified set of customers for transacting on Flipkart for a minimum purchase of Rs.5,000.
The EMI facility will be available in three tenures - 6, 9 and 12 months - and the bank will not charge any fees to process the facility. The interest rate s for such overdrafts will be same as personal loan the bank offers. Rajnish Kumar, managing director (National Banking Group), SBI, said: “We have identified 1 million SBI account holders who have qualified for the overdraft.” He said this facility aims to bring EMI facilities on Flipkart to people who do not have credit cards.
“The objective is to provide finance to credit worthy individuals through an end-to-end online facility without having to go through the process of applying for a personal loan for simple purchases,” Kumar said. The bank also launched SBI Mingle- the social media banking platform for Face-book and Twitter users. Using SBI Mingle, customers can do a host of banking services on Facebook or Twitter at their own convenience.

State Bank to offer banking services on Facebook, Twitter ( July 02, 2016)

Leveraging on the popularity of Facebook and Twitter, State Bank of India (SBI) has launched "SBI Mingle", allowing its customers access various banking services via these social platforms. "Using SBI Mingle, the bank's customers can do a host of banking services on their Facebook orTwttter accounts at their own convenience,” the bank said. Simultaneously, SBI has also tied-up with Fllpkart for preapproved EMI facility on purchases and launched "SBI Digital Villages” lo make a select rural segment part of the cashless ecosystem.