Tag: State Bank of India (SBI)

SBI Ecowrap Report predicts India GDP to contract 7.4% in FY21

December 17, 2020

• The State Bank of India, in its research report ‘Ecowrap’ has updated the GDP growth of India at (-) 7.4 percent in FY21.
• Earlier this prediction was (-) 10.9 percent. The SBI research report has also forecast India’s GDP growth in FY22 at 11 percent.

Mercedes-Benz ties-up with SBI to target HNI customers

November 27, 2020

• Mercedes-Benz has tied-up with the State Bank of India (SBI) to offer financial profits to the lender’s High Net Worth Individual (HNI) customers.

To extend credit support, NABARD & SBI signs 3 MoU

October 10, 2020

• To extend credit support for various NABARD projects, it has inked three Memorandum of Understanding (MoU) with State Bank of India (SBI).

Centre launched API integration between PM SVANidhi and SBI portal

October 8, 2020

• The Ministry of Housing & Urban Affairs has launched an API integration between PM SVANidhi and SBI portal. This will facilitate the seamless flow of data between the PM SVANidhi Portal and SBI’s mudra Portal in a secure environment.

Dinesh Kumar Khara appointed as the chairman of SBI

October 7, 2020

• The government of India has appointed Dinesh Kumar Khara as the new Chairman of State Bank of India for a period of three years.
• His appointment is effective from October 7.

Charanjit Attra appointed as Chief Financial Officer of SBI

October 4, 2020

• The State Bank of India has appointed Charanjit Attra as Chief Financial Officer. His appointment comes into effect from 01 October 2020.

“Mahila Atmanirbharshil Aachani” (Women Self-Reliance programme) started by SBI

September 19, 2020

• “Mahila Atmanirbharshil Aachani” (Women Self-Reliance programme) started by SBI in Assam with an objective to create a strong bonding with the SHG member.

Contactless payment watches launched “Titan Pay”

September 17, 2020

• “Titan Pay” contactless payment watches jointly launched by SBI & Titan. Through this the account holders of SBI can tap their Titan Pay watch on the contactless payment POS machines for making payments.

SBI to launch loan product ‘SAFAL’ for organic cotton growers

September 9, 2020

• State Bank of India will launch a loan product, SAFAL, for organic cotton growers with the help of Artificial Intelligence (AI) and Machine Learning (ML).
• SAFAL stands for Safe and Fast Agriculture Loan.

As per the SBI Ecowrap Report, India’s Real GDP likely to contract by 10.9% in FY21

September 2, 2020

• The State Bank of India’s (SBI) Ecowrap report estimated that the real Gross domestic Product(GDP) for FY21 is expected to shrink by around 10.9%(-10.9%), a decline of full year growth, against its earlier estimate of 6.8%.