Bank Staffs Salary reduced by decrease of DA @ 0.90% from February 2017

Dearness Allowance now reduced by 0.90%

(Decrease of 9 slabs) from February 2017

Revised DA rate is @ 46.90%, from Feb-17 to April-17

The DA for November 2016 to January 2017 was 47.80%

Dearness Allowance for pensioners from

February-2017 to July-2017 is increased

SBI launches mobile cash dispensers (Dec 7, 2015)

State Bank of India has announced special measures to ensure Chennai flood victims do not run out of money. Cash points are being operated at various localities. Some of these mobile money dispensers are on boats, auto-rickshaws and vans or are handheld devices operated by staffers.
SBI said its staff had volunteered to work late hours. Several branches in the affected areas were open on Sunday. SBI has also undertaken various relief measures such as distribution of food, water, blankets, Medicines and utensils in the affected districts by procuring from nearby unaffected districts.

SBI launches mobile cash dispensers (Dec 7, 2015)

State Bank of India has announced special measures to ensure Chennai flood victims do not run out of money. Cash points are being operated at various localities. Some of these mobile money dispensers are on boats, auto-rickshaws and vans or are handheld devices operated by staffers.
SBI said its staff had volunteered to work late hours. Several branches in the affected areas were open on Sunday. SBI has also undertaken various relief measures such as distribution of food, water, blankets, Medicines and utensils in the affected districts by procuring from nearby unaffected districts.

SBI launches Youtube channel; Twitter is next

Mumbai, January 23: Nation’s largest lender State Bank of India on Thursday strengthened its social media presence with the launch of its channel on popular video sharing website Youtube and said it will also be launching its handle on the micro-logging site Twitter soon.

“The YouTube channel is another platform that will enable us to connect with our customers. SBI will continue to spread its footprint on social media through the launch of platforms like Twitter, shortly,” Chairman Arundhati Bhattacharya said in a statement.

The YouTube channel, which follows a dedicated Facebook page launch in November, will initially have information about the bank’s products and services and its legacy to begin with and will gradually include philanthropic initiatives, it said in a statement.

SBI, has over 200 years of history. It has over 15,000 branches and over 43,000 ATMs. The bank statement said the Youtube channel will help it connect with the young and technologically savvy customers.

Result of SBI Clerical Recruitment written Exam 2012 declared

CLERICAL RECRUITMENT [ASSISTANTS & STENOGRAPHERS] IN STATE BANK OF INDIA

(ADVT NO. CRPD/CR/2011-12/05 dated 27-12-2011 & CRPD/CR/2011-12/5A dated 01-03-2012)

Written Examination held on 27-05-2012 & 03-06-2012

Get Result

Result of SBI Clerical Recruitment written Exam 2012 declared

CLERICAL RECRUITMENT [ASSISTANTS & STENOGRAPHERS] IN STATE BANK OF INDIA

(ADVT NO. CRPD/CR/2011-12/05 dated 27-12-2011 & CRPD/CR/2011-12/5A dated 01-03-2012)

Written Examination held on 27-05-2012 & 03-06-2012

Get Result

Result of SBI Clerical Recruitment written Exam 2012 declared

Bhaskar Sarma takes over as MD, CEO of SBI General

Mumbai, August 1: SBI General Insurance has appointed Bhaskar Jyoti Sarma as its managing director and chief executive officer. Sarma, a banking professional, took charge on Wednesday and will serve a term of three years, SBI General Insurance said in a release.

He succeeded RR Belle, who retired on July 31. “Sarma is taking over at a time when SBI General is taking a big leap and ready to unleash its full potential,” Belle said. Prior to this appointment Sarma was general manager at SBI Bank’s North-Eastern Circle at Guwahati. He has spent 32 years at SBI in various capacities.

He joined SBI in 1979 as a probationary officer and has held several assignments in India and abroad. “I am sure that with the standards already set, SBI General will move forward to realise its true potential,” Sarma said. The private insurer is a joint venture between State Bank of India and Insurance Australia Group (IAG).

SBI opens ATM at Drass

State Bank of India has become the first bank to install an ATM at Drass in Jammu & Kashmirs Kargil region, to serve locals as well as soldiers guarding the frontiers in the countrys coldest inhabited place. This is the banks 27,032nd ATM and is located adjacent to the Kargil Vijay Dwar, amemorial to the soldiers who made the ultimate sacrifice in ensuring our armed forces re-occupied Tiger Hill (Pt 5353) in the 1998 war with Pakistan. BSREPORTER 

SBI expects 50 bps cut in CRR, no change in lending rate

India's largest lender State Bank today said it expects Reserve Bank to lower the mandatory cash reserve requirement of banks or CRR by 50 basis points on July 31 but sees no reduction in the key short-term lending rate.

 "We expect a 0.5 percentage point reduction in CRR (the percentage of deposits that banks park with the RBI) to ease money supply. Also, this will have better effect on monetary transmission than a reduction in the short-term lending rate," SBI Chairman Pratip Chaudhuri told reporters after announcing the successful conclusion of a USD 1.25 billion overseas bond sale.

 RBI will announce its first quarter monetary policy review on Tuesday in the backdrop of slowing growth, poor investment sentiment and persistently high inflation.

Yesterday, SBI had closed a mid-term note or bond issue at a coupon of 4.12%, making it the largest and cheapest bond sale by a domestic lender till date. Chaudhuri said the asset quality of the Government-run
bank has improving compared to last year. He did not give any further details citing a silent period ahead of the earnings.

 The bank will announce its April-June quarterly earnings on August 8. The comments came after SBI shares slumped as much as 3.8% today as a rise in non-performing assets at Punjab National Bank and Union Bank of India sparked concerns about asset quality in the Government-run lenders.

 Explaining the rationale behind why a CRR cut is better at this juncture, Chaudhuri said this will help bank's liquidity, which in turn, will help them lower the lending rates, thus helping the monetary transmission better.

On the contrary, he said a marginal reduction in the repo will not help banks to cut lending rates.The senior unsecured dollar bond issue, due in August 2017, was carried through the London branch of SBI. The issue was rated Baa2 by Moody's and BBB- by S&P.

HDFC Bank overtakes SBI as India's most valued bank

Private sector lender HDFC Bank today surpassed SBI as the country's most valued bank with a total market valuation of about 1,37,500 crore.
SBI shares were seen trading under pressure with a fall of nearly 2% this afternoon, despite an overall uptrend in the market, while HDFC Bank shares gained by more than 3%.
The market benchmark Sensex was trading more than 200 points higher on broad-based buying among blue chips.
As a result, HDFC Bank's market capitalisation rose to Rs 1,37,500 crore, as against SBI's 1,32,700 crore, as per the BSE data.
At close yesterday, SBI was the country's most valued bank with a total market cap of Rs 135,360 crore, followed by HDFC Bank (Rs 133,375 crore), ICICI Bank (Rs 1,04,558 crore), Axis Bank (Rs 41,657 crore) and Kotak Mahindra Bank (Rs 40,178 crore).
At 1415 hrs today, HDFC Bank shares were trading 3.1% higher at Rs 584 after scaling an intra-day high of Rs 588.
On the other hand, SBI was down nearly 2% at Rs 1,977.40 at the BSE, while ICICI Bank was up 2.5%, Axis Bank was up 2.1% and Kotak Mahindra was trading 1.6% down.
In terms of market cap, HDFC Bank and SBI were followed by ICICI Bank (Rs 1,07,221 crore), Axis Bank (Rs 42,541 crore) and Kotak Mahindra Bank (Rs 39,547 crore) at 1420 hours.

Download term deposits interest calculator

download link of term deposits interest calculator:
link 1
link 2

State Bank of India (SBI) Fixed Deposits, Time Deposits or Term Deposits Maturity Interest Calculator. The Calculator calculates the Interest or Maturity Amount you will get after maturity of Fixed Deposits or Term Deposits. State Bank of India (SBI) Fixed Deposits, Time Deposits or Term Deposits Maturity Interest Calculator: is an investment planning tool which allows any Fixed Deposit investor to know the effective annual interest, total returns and total interest or Maturity (Future) Value on the Investment to the individual or business enterprise.

Term deposit is a deposit held at a financial institution that has a fixed term.This is an account which allows to deposit money for a fixed time period. The advantages of term deposits compared to usual savings are the higher interest rates as they have a fixed term. Fixed Depositor Term Deposit is a fixed amount of money deposited at a financial institution, for a fixed time period and for a fixed rate of interest throughout the period. The rate of investment on it is decided by the financial institution, and it is usually calculated based on the invested amount and the tenure of the fixed deposit. Once the term is over, a fixed deposit matures and the maturity amount is available for withdrawal.

The general thumb rule about fixed deposits is that the longer the money is invested, the better the returns. Before investing for any fixed or term deposit, the basic calculations to select the the perfect plan is wise. Therefore when it comes to fixed deposits interest calculation, this fixed deposit or term deposits interest calculator assists you to get the calculations done and you get the maturity value as well as interest receivable by yourself. Great Tool or Calculator for calculate term deposits interest & maturity value. This calculator is designed by admin of www.mysbi.tk for the use of people or customer of any Banks or who wants to invest in FD or TD.

State Bank of Mysore Q1 net dips 38%

Bangalore, July 25:  State Bank of Mysore posted 38 per cent lower net profit for the April-June quarter at Rs 39.79 crore (against Rs 64.28 crore a year ago), mainly due to higher provisioning.

 

Total income rose 33 per cent over last year to Rs 1,566.7 crore (Rs 1,176.26 crore). Operating profit was Rs 298.57 crore (Rs 255 crore). Interest income grew 22 per cent to Rs 1435 crore.

 

In a stock exchange filing, the bank said it had made an NPA provisioning of Rs 196.9 crore during the quarter, which was well above the Rs 100 crore it provided for a year ago. Gross NPA was at 4.67 per cent (Rs 2.83 per cent) and net NPA 2.43 per cent (1.42 per cent).

State Bank to hire 7,740 clerks for Associate Banks

Hyderabad, July 25: State Bank will be recruiting 7,740 clerks to work in its associate banks. According to a notification hosted on SBI's portal, the online registration of applications will begin on July 30 and will continue till August 13, 2012. The written examination is likely to be conducted in two phases on October 7 and 14, 2012.
A clerk in SBI would earn approximately Rs 14,200 a month. A first division in intermediate or a degree from a recognised university is the minimum educational qualification required to apply. Mr C S  Vepa, Director of National School of Banking, a coaching institute for bank-jobs, says that the notification should bring cheer to job-aspirants as the number of vacancies was higher than last year.
Last year, the banking behemoth hired a little over 6,000 clerks. Further, SBI is the only bank now which conducts its own state-wide competitive examination for recruitment. Other public sector banks are using scores obtained by candidates in a common written examination being conducted by the Institute for Banking Personnel Selection for short-listing candidates for interview.