All posts tagged: SBIs

SBI’s move to up collateral-free study loans could push other lenders

SBI’s move to up collateral-free study loans could push other lenders

Published by Parlour News

Students enrolling at Massachusetts Institute of Technology, Imperial College London, University of Oxford, Harvard University and University of Cambridge can access collateral-free loans up to the new limit, the bank’s website showed. Though SBI has not announced the higher loan limit and did not respond to an emailed query, consultants working with the bank said the cap was raised in November-December. The cost of studying abroad can cross ₹1 crore in tuition fees and accommodation expenses. Given that more Indians head out to foreign colleges every year, other lenders too are expected to follow suit, non-banking financial companies (NBFCs) and sector analysts said. Also read | Centre to rollout revamped education loan scheme by the festive season “SBI’s decision to offer loans without collateral for select universities abroad is a progressive step that will significantly ease access to education financing for students. This move aligns with the broader industry trend of increasing availability of unsecured loans,” said Ankit Mehra, co-founder and chief executive officer of GyanDhan, a non-bank lender. Over 1.3 million Indian students were pursuing …

Daily Briefing: Army probes into killing of three civilians, SBI’s ‘commissions’ for electoral bonds, NCERT’s textbook revision; and more | Live News

Published by Parlour News

📬 Get this delivered straight to your inbox: https://indianexpress.com/newsletters/ Read this newsletter in a single page: Good morning! 🚨 Big Story The Army’s internal inquiries into the killing of three civilians, allegedly during interrogation by its personnel following a terror attack in J&K’s Poonch in December 2023 that left four soldiers dead, and into the operational gaps have found serious lapses in the conduct of 7-8 personnel. We delve into the findings of the inquiries. More than three months after they were picked up and tortured, nine of the 10 villagers who survived are yet to return to work, many still nursing their wounds. Here are their accounts. ⚡ Only in Express While demands for “commission” owed to the bank constituted a bulk of the correspondence between SBI and the Ministry of Finance on the electoral bonds scheme, the bank also sent alerts on “erroneous printing” of bonds and expected increase in sales ahead of elections. Here’s what the hundreds of pages of correspondence and emails — obtained by The Indian Express via a RTI …

Supreme Court To Hear SBI’s Plea Seeking More Time To Disclose Electoral Bond Details Today

Published by Webster

Last Updated: March 11, 2024, 07:38 IST The top court had directed the SBI to submit by March 6 the details of the electoral bonds purchased from April 12, 2019 till date to the Election Commission. (Photo: PTI file) A five-judge Constitution bench headed by Chief Justice DY Chandrachud will also hear a separate plea, which has sought initiation of contempt action against the SBI The Supreme Court on Monday will hear the State Bank of India’s request seeking an extension till June 30 to disclose details of each electoral bond encashed by political parties before the scheme was scrapped last month. A five-judge Constitution bench headed by Chief Justice DY Chandrachud will also hear a separate plea, which has sought initiation of contempt action against the SBI alleging, it “wilfully and deliberately” disobeyed the apex court’s direction to submit details of the contributions made to political parties through electoral bonds to the Election Commission by March 6. In a landmark verdict delivered on February 15, a five-judge constitution bench scrapped the Centre’s electoral bonds …

Supreme Court To Hear SBI’s Request In Electoral Bonds Case Today

Published by Webster

New Delhi: An application from the State Bank of India, seeking more time to file information on electoral bonds, will be heard by the Supreme Court today. The court had given time till March 6 to file the details. The bank wants time till June 30. Here are the Top 10 points in this big story: A five-judge Constitution bench headed by Chief Justice of India DY Chandrachud and comprising Justices Sanjiv Khanna, BR Gavai, JB Pardiwala and Manoj Misra, will hear the matter at 10.30 am. The bench had asked the national bank to file details about each electoral bond encashed by political parties before the scheme was scrapped last month. The court will also hear a separate plea by non-profits Association for Democratic Reforms and Common Cause, which has sought contempt proceedings against the SBI. The petitioners alleged that the bank had deliberately disobeyed court order to file the details by March 6. On February 15, the bench had scrapped the Centre’s electoral bonds scheme that allowed anonymous political funding. The judges had …

Electoral Bonds: SC to Hear on Monday SBI’s Plea Seeking Extension to Disclose Details

Published by Webster

The Supreme Court will on Monday hear the application filed by the State Bank of India (SBI) seeking extension till June 30 to disclose details of each electoral bond encashed by political parties before the scheme was scrapped last month. A five-judge Constitution bench headed by Chief Justice DY Chandrachud will also hear a separate plea, which has sought initiation of contempt action against the SBI alleging, it “wilfully and deliberately” disobeyed the apex court’s direction to submit details of the contributions made to political parties through electoral bonds to the Election Commission by March 6. The apex court bench, also comprising justices Sanjiv Khanna, B R Gavai, J B Pardiwala, and Manoj Misra, will assemble at 10.30 am to hear the two petitions. In a landmark verdict delivered on February 15, a five-judge constitution bench scrapped the Centre’s electoral bonds scheme that allowed anonymous political funding, calling it “unconstitutional” and ordered disclosure by the Election Commission of the donors, the amount donated by them, and the recipients by March 13. The top court subsequently …

Forgot username & password for SBI’s online banking services? Follow these steps

Published by Webster

Online banking services have eliminated the need to physically visit a branch. State Bank of India (SBI), the country’s largest lender, is among the banks that provide online services to their customers. Also Read: People share SBI passbook pics ahead of the FIFA World Cup final. Here’s why To use these services, a User ID and password is required. When customers register for SBI’s internet banking facility, they receive a unique User ID and password; these have to be updated in accordance with the instructions. Also Read: SBI hikes interest rates for fixed deposits less than ₹2 crore However, what happens when you forget your login credentials? Don’t worry. By following a few easy steps, you can retrieve your username and recover your password. Here’s what you have to do: Username: (1.) Visit onlinesbi.com and click on ‘Forgot Username.’ (2.) Enter the 11-digit Customer Information (CIF) number printed on your passbook. (3.) Select your country, enter the registered mobile number, write the captcha code and submit the details. (4.) Enter the one-time password (OTP) sent …