Heena Sharma Blog

The State Bank of India (SBI) on Wednesday announced it will not ask customers to maintain a minimum balance in savings accounts, news agency PTI reported. The state-owned bank rationalised interest rate on savings bank accounts to a flat 3 per cent annum. It also waived off SMS charges. “ This announcement will bring in more smiles and delight to our valuable customers. We believe this initiative would empower our customers towards banking with SBI and boost their confidence in SBI," said chairman Rajnish Kumar in a statement. SBI, earlier in the day, slashed its Marginal Cost of Funds based Lending Rate (MCLR) by 10-15 basis points across all tenors from March 10, 2020, moving to make make home and auto loans cheaper. Read More

Twelve state-owned Indian banks are petitioning for ex-billionaire Vijay Mallya to be declared bankrupt over 1.15 billion pounds ($1.52 billion) in unpaid debts. The banks and an asset restructuring company, led by the State Bank of India, have taken the tycoon to a London court in what lawyers have described as “the end of the road” in their long-running battle. Mallya hasn’t paid anything toward the debt, the banks’ lawyers told the court Tuesday. It comes as Mallya, who founded the now-defunct Kingfisher Airlines Ltd. faces extradition to his home country of India to face fraud charges. He was granted permission to appeal the decision, which will be heard in February. The bankruptcy petition was brought in the UK because Mallya has lived there for around 20 years and owns a number of assets in the country, lawyer Marcia Shekerdemian told the court. These include a townhouse in London’s Regent’s Park thought to be worth more than 30 million pounds, a 13 million-pound mans...

State Bank of India (SBI) is expected to soon declare the SBI PO Mains result 2019 . The exam was conducted for the recruitment of 2,000 probationary officers (PO). Once declared, SBI will notify the candidates and make the result available on its official website sbi.co.in. The SBI PO main exam was conducted on July 20, 2019, at various centres across the country. According to SBI, the results were expected to be declared in the third week of August. Here's how to check the SBI PO Mains result 2019: Step 1: Login to the official website of State Bank of India(SBI) www.sbi.co.in. Step 2: Click on the career tab provided on the page. Step 3: In the drop-down menu, select SBI PO results. Step 4: Enter your registration number, date of birth in DD/MM/YY format. Step 5: Your results can now be downloaded The SBI PO post examination is conducted in three stages: 1. Preliminary examination 2. Mains examination 3. Interview/Group discussion. Read More Articl...

SBI Clerk Result 2019: The State Bank of India (SBI) has released SBI Clerk Mains call letter/roll number. According to the SBI Clerk recruitment notification, the main examination will be held on August 10, 2019. All the candidates who have applied for the post of Probationary Officer at SBI can download their SBI Clerk Mains Admit Card 2019 from the official website of SBI at sbi.co.in. Last week, SBI declared SBI clerk prelim result 2019 . Candidates must note that only those who have cleared SBI Clerk Prelims will be eligible for SBI Clerk Mains exam 2019. SBI Clerk Prelim exam was conducted on June 22 and June 23 in the computer-based test mode. SBI Clerk Main examination 2019: SBI Clerk Mains exam pattern The SBI Clerk Main examination will be of 2 hours and 40 minutes. There will be four sections — General/Financial Awareness, General English, Quantitative Aptitude, and Reasoning Ability and Computer Knowledge. There will be 40 questions in the General English sectio...

SBI Clerk Result 2019: State Bank of India (SBI) has declared SBI clerk prelim result 2019. According to the SBI Clerk recruitment notification, the main examination will be held on August 10, 2019. Candidates must note that only those who have cleared SBI Clerk Prelims will be eligible for SBI Clerk Mains exam 2019. SBI Clerk Prelim exam was conducted on June 22 and June 23 in the computer-based test mode. Steps to download SBI Clerk Result 2019 * Log on to SBI’s official website – sbi.co.in * Click on the 'careers' tab * Click on 'SBI Clerk Prelims result' link * A PDF file displaying the roll numbers of qualified applicants will open. * Download the SBI results and take a printout for future reference. Warning: In a notification, SBI had warned candidates to be wary of fraudsters who host fake SBI websites. "Fake lists of selection for posts in SBI have been published on these websites, and reportedly fake appointment letters are also being...

India's largest government bank State Bank of India (SBI) in a public notice said it is set to recruit around 9,000 Junior Associates and that those interested can apply for the same online by May 3, 2019. The notification states that SBI is looking forward to fill 8,904 vacancies for the appointment as Junior Associate in its customer support and sales segment in clerical cadre, adding candidates can apply for vacancies in one state only and can appear for the test only once. Uttar Pradesh has the highest vacancies with 1197 seats following Maharashtra with 780 and Rajasthan with 600, respectively. The candidate needs to be a graduate in any discipline from a recognised university and should be between 20 to 28 years of age. If not SBI, various other banks have also released notifications to fill up various posts on contractual appointment. IDBI Bank has a total of 120 vacancies for Manager, Assistant General Manager, Deputy General Manager and General Manager post...

The Kerala High Court has said banks cannot be absolved of liability for unauthorised withdrawals from their customers' accounts. Justice P B Suresh Kumar also made it clear that banks are liable for unauthorised withdrawals even if customers did not respond to SMS alerts. SMS alerts cannot be the basis to determine the liability of a customer, for there would be account holders who may not be in the habit of checking SMS alerts regularly, the court said. It stated this while dismissing an appeal filed by the State Bank of India recently against a lower court order asking it to compensate a customer who lost Rs 2.4 lakh due to unauthorised withdrawals. The customer had sought a refund of the amount with interest. The bank had submitted that SMS alerts were sent to the customer about the disputed withdrawals and he should have requested that his account be blocked immediately. It contended that since the customer did not respond to the SMS alerts, the bank w...

As many as 15 people, who were borrowers in the Rs 600 million SBI loan scam in Virudhanagar and Theni districts of Tamil Nadu, have died under suspicious circumstances in the last six months, The Times of India reports. Another borrower has gone missing. According to the ToI report, police has confirmed that all those found dead were from Virudhnagar and nearby villages and had loans in their name, however, there has not been a probe into these deaths. All the deceased were workers in a mill owned by one of the accused in the case. Police has registered cases of unnatural deaths under Section 174 of the CrPC. The ToI report has confirmed the names of three of the deceased who are: Mahalingam, Rajagopal and Pandi. Out of these Rajagopal's dead body was found on a road in his neighbourhood, while the rest of the two died at their homes, the police has said. Read Full Article

The 62-year-old former Kingfisher Airlines boss is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 90 bn Current Affairs News : Embattled liquor tycoon Vijay Mallya , wanted in India on fraud charges, returned to Westminster Magistrates' Court in London on Tuesday for closing arguments in his high-profile extradition trial. The 62-year-old former Kingfisher Airlines boss, who has been on bail on an extradition warrant since his arrest in April last year, is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 90 bn. He arrived at the court along with his son Siddharth. "At the end of the day, the courts will decide," Mallya tells reporters outside the court. At the last hearing in the case on April 27, the Central Bureau of Investigation (CBI) had received a boost in the case as Judge Arbuthnot confirmed that the bulk of the evidence submitted by the Indian aut...

India's refiners currently use SBI and Germany-based Europaeisch-Iranische Handelsbank AG to buy Iranian oil in euros Current Affairs News : India's imports of Iranian oil may be hit from end-August after the State Bank of India (SBI) informed refiners it will not handle payments for crude from Tehran from November onwards, the finance chief ofIndian Oil Corp (IOC) said on Friday. The move by the state-controlled bank, India's biggest, comes after US President Donald Trump pulled out of an international nuclear deal with Iran last month, pledging to reimpose tough sanctions within 180 days. "(Oil) loading will be affected from end-August under the current mechanism unless a new payment route is established," IOC's A K Sharma told Reuters in a telephone interview. 2017/18 due to a dispute over a giant gas field, Iran remained its third-biggest oil supplier. Iran supplied about 458,000 barrels per day (bpd), or about a tenth of India's more...