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Our News - May 2019

2019-05-23 : Savings account holders can deposit their money directly in their account via SBI Cash Deposit machine
SBIis offering the facility to deposit money directly into savings account without visiting the bank branch. Using this service, one may deposits cash into the account either by using teller counter or deposits cash through the cash deposit machine. Additionally, the customers can also deposit cash in the investments schemes like FD, RD or PPF account by using this service fee of cost.
2019-05-09 : ICICI Bank announces the launch of new service icicibankpay to open FD and RD accounts via twitter
Private sector lender, ICICI Bank has announced the launch of its new service ‘icicibankpay’ which will help customers to open a new fixed deposit and recurring deposit account via Twitter. Additionally, one can even pay postpaid mobile bills, and also link Aadhaar card with a bank account using the Twitter account. The individuals who want to avail these services will have to register on Twitter account and follow @icicibank to start the transaction.
2019-05-02 : SBI comes up with a unique savings plan in association with Thomas Cook for holiday goers
State Bank of India (SBI) has announced the launch of a unique savings plan in association with Thomas Cook India for holiday goers. Under this scheme, a person can save monthly amounts in the form of a recurring deposit (RD) with the bank in order to avail a vacation package listed under Holiday Savings Account packages on Thomas Cook website.
2019-03-19 : Bank of Baroda offers holiday recurring deposit option in association with Thomas Cook
Bank of Baroda (BoB) is offering a holiday recurring deposit option for their customers to make travel a hassle-free experience. To cater to the needs of travellers, the bank has joined hands with Thomas Cook through which you can save for your travel by opening a recurring deposit (RD) account with the partner banks.
2018-08-20 : SBI reports Rs 4876 crore loss in Q1
India’s biggest lender by asset, State Bank of India (SBI) today announced the Q1 result. It posts a massive loss of Rs 4876 crore against Rs 2005 crore in the previous year. The bank attribute loss towards Lower trading income and significant MTM (mark-to-market) losses due to hardening of bond yields. Deposits of the bank increased by 5.58 percent to Rs 27.48 lakh crore as on June 2018 from Rs 2603 lakh crore as on June 2017.

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