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SBI OTP Based ATM Cash Withdrawal – The menace of unauthorized ATM Cash transaction has forced the India’s largest bank to introduce OTP based ATM withdrawal. The One Time Password (OTP) based withdrawal may minimise the number of unauthorised transactions happening on SBI ATMs. State Bank of India announced the launch of OTP-based ATM Withdrawal […]
SBI orders recovery of overtime pay from staff of associates bank paid as ‘compensation’ for working overtime during note ban. State Bank of India insisted that the compensation was only for SBI staffs and not intended for associate bank. The 70,000 officers and employees of associates or e-Abs banks i.e. State Bank of Patiala, State Bank […]
State Bank of India (SBI) chairman Mr. Rajneesh Kumar has batted for the privatization of some of the state running Public Sector Banks. Although he raised the concern on the timing. He said that the time, though, is not right at present, because these banks would need time to be strengthened and one has to […]
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