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State Bank of India

RBI Limits Yes Bank’s Withdrawal to Rs. 50,000

The Reserve Bank of India has set a limit to withdraw money on Yes Bank, which is facing financial crisis. It has restricted the withdrawals that customers can make from their Yes Bank accounts to Rs 50,000 until April 3, 2020. The RBI action follows the lender’s inability to raise funds that would have helped...

PSBs Hit By Fraud Cases of Rs 1.17 Lakh cr in Apr-Dec 2019, Reveals RTI

According to information obtained from the Right to Information (RTI for the first 9 months of the current financial year, April-December, 2019. A total of 8,926 cases of fraud involving Rs 1.17 lakh crore hit 18 public sector banks during the first three quarters (April-December) of the current fiscal. The country’s largest lender State Bank...

Bank Employee Union had call for Nationwide Strike Against Labour Policies of Govt on 8 January

Banking services are likely to be hit across the country. Operations across bank branches and ATMs are expected to take a hit on January 8 as major bank employee unions have called for a nationwide strike against the labour policies of the government. In light of the upcoming work stoppage, banks have assured that necessary...