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SBI In News 2014-15

1.SBI – Amazon

State Bank of India today signed a Memorandum of Understanding (MoU) with e-commerce player Amazon to develop payment and commerce solutions for customers and small businesses.

2.SBI-PAY-PAL

The country’s largest bank announced a partnership with digital payments firm, PayPal so that the Customers of State Bank of India (SBI) can now use their debit cards on PayPal for buying products from overseas websites.

The partnership will also allow SBI’s Micro Small and Medium Enterprise (MSME) customers to use PayPal’s secure payment solutions.

  1. SBI -Snapdeal [for Seller Financing under Snapdeal.]

SBI tie up with Snapdeal for funding MSMEs will boost Prime Minister Narendra Modi’s Make-in-India initiatives by putting more funds in the hands of the small entrepreneurs enabling them to boost their industries.

SBI will offer easy loans to MSME traders and manufacturers on the Snapdeal platform enabling them to scale up operations. There will be concessional interest rate for women entrepreneurs and zero collateral security for loans up to Rs.1 crore. Traders will get collateral free loans up to Rs. 25 lakh.

4.State Bank of India (SBI) – ASSAM & NE states

Sbi will provide finance totalling Rs. 100 crore benefiting 3,000 small tea growers in the North East region soon.

5.SBI-FEDERAL BANK [Co-branded credit cards ]

Federal Bank & SBI forayed into the credit card segment through the launch of co-branded credit cards in partnership with SBI Cards, a leading credit card issuer.

6.SBI- CITI BANK

Air India may tie up with SBI, Citibank to raise funds through ECB

7.SBI -NPCI     

sbilaunches RuPay platinum debit card with NPCI

State Bank of India launched a RuPay platinum debit card in association with National Payment Corporation of India (NPCI). The RuPay card comes with a special feature for the convenience of customers that is accepted at all payment channels-ATMs, PoS and e-commerce.

8.SBI – CMS

info TIE TO SETUP — 700 atms CMS –deploy (NAUTILAUS HYSOUNG ATMS)

9.SBI-INTOUCH_DIGITAL SERVICE launched in delhi , chennai, bangulure,mumbai.

10.SBI–contactless debit and credit cards

State Bank of India has launched contactless debit and credit cards that enable users to make payments by waiving or tapping the card near the card reader instead of swiping or dipping it, reports Our Bureau.

11.SBI-home loan rates for women_ which offer loans to women at 9.85 percent

12.SBI- COUNTRY first bank to set-up payment gateways to entire govt entities & small trades in online market.

13.SBI -launched digital banking facilities . e-KYC , tab banking for customers.

14.SBI started accounts on_twitter , youtube , facebook

15.SBI ACHIEVED -IBA Banking Technology Awards – 2014

16.RANSTAND AWARD 2014 — SBI

17.SBI sold out — 3500 crores to ARCs

18.SBI raised — 8032 crores by shelling shares to by QIP

19.SBI touches NPAs — 27% , 67999 crores

20.SBI rank in fortune 500 companies 2014 __155

21.SBI – CMD arundhati bhattacharya ranked —36 –forbes most powerful women 2

22.SBI FINACIAL INCLUSION 2015-16

Country’s largest public sector lender SBI has been provided with the maximum capital infusion of Rs 2,970 crore

23.SBI is the first major bank to cut its base lending

State Bank of India, the country’s top lender, will reduce its base lending rate by 15 basis points to 9.85 percent.