Government's plan to infuse Rs 20,000 crore into public sector banks puts no pressure on the Centre, but the lenders have to be ready with enough capital if matters go south

SBI Chairman Rajnish Kumar added that SBI is adding over 70,000 customers per day to the platform, and has added 2.7 crore users in the last six months due to the COVID-19 pandemic

This issuance comes after a successful issue of Tier 2 bonds worth Rs 8,931 crore last month by State Bank of India

Yesterday, SBI proposed a voluntary retirement scheme under which the bank said about 30,190 employees are eligible. SBI has an existing workforce of around 2.50 lakh

State Bank of India (SBI) has planned a voluntary retirement scheme (VRS) with an aim to cut costs

Delhi Metro to resume in 3 stages, stations in containment zones to remain shutDelhi Metro is set to resume services in three stages from Sept. 7 after a hiatus of over five months due to the Covid-19 pandemic, but stations in containment zones would remain closed, DMRC said. Officials of the urban transporter also cautioned that \"trains may not stop at some of the stations\" if social distancing norms are not adhered to by the passengers.Transfer cash to poor, give free food, borrow more ...

The proposed scheme -- 'Second Innings Tap VRS-2020' -- is aimed at optimising human resources and costs of the bank

State Bank of India (SBI) has changed the marginal cost of funds based lending rate (MCLR) linked retail loan's reset frequency to 6 months as against 1-year earlier

As per the proposed eligibility criteria, a total of 11,565 officers and 18,625 staff of SBI qualify for the new VRS scheme

\"The amalgamation process will take some time and the new entity will start functioning from April 1, 2020,\" MD and CEO of UBI, Ashok Kumar Pradhan, said