SBI credit card users Alert!: Know this amazing offer to get cashback on education fee payment

SBI Savings Account

Amazing news for State Bank of India (SBI) account holders. Customers of can now enjoy cashback on payment of education fees through Paytm. The company – SBI Cards and Payment Services Limited (SBICPSL) which operates its credit card services under the brand ‘SBI Card’ is offering a cashback of 2.5 percent on a minimum spend of Rs 12500. The offer can be found on the company’s website and official Twitter handle. “Offer alert! Pay education fees with your SBI credit card through Paytm and get 2.5% cashback on a minimum spend…

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Petrol and Diesel may become cheaper, says SBI Ecowrap Report

Petrol and Diesel Prices

Amidst COVID-19 pandemic, the global economy has taken a downturn. Stock, as well as commodity markets, are facing sharp falls. Rates of two of the most popular brands of crude, namely Brent and WTI have come down by 30% and are trading at $30.85 and $28 per barrel respectively. Analyzing the trends in global crude prices, SBI research report Ecowrap has predicted a corresponding reduction in petrol and diesel prices. As per the SBI Ecowrap report, petrol and diesel may become cheaper by Rs. 12 and Rs. 10 per liter…

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Yes bank will be saved by SBI

Yes Bank and SBI

Reserve Bank of India (RBI) has launched “Yes Bank Ltd. Reconstruction Scheme, 2020″, to save Yes bank from defaulting and shutting down. RBI will be supervising the rescue scheme. As a part of the scheme, State Bank of India (SBI) will be purchasing 7.25 billion equity shares of Yes Bank at Rs. 10 each, subject to the approval by SEBI and other regulatory bodies. The purchase of the shares has been approved by the executive committee of the board of SBI. The stake of SBI in Yes bank will remain…

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SBI card IPO, opportunities and threats

SBI Card IPO

SBI cards and payments services are to be listed on 16th March 2020, and its shares will be issued in the capital market between 2nd March and 4th March 2020. The IPO value of the shares is Rs. 9000 crores, and 13 crores shares will be sold between 2nd to 4th March. SBI cards and payments services plan to raise Rs. 500 crores from the capital market and is offering to sell its existing shares worth Rs. 9,854 crores via IPO. Market pundits are optimistic about the IPO and consider…

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SBI is downsizing, replacing branches by e-corners?

SBI Savings Account

Responding to a query by a Member of Parliament (MP), Mr. Anurag Thakur the Minister of State for Finance, said that the Central Government has no plans to downsize SBI or replace its branches by e-corners. Mr. Thakur substantiated his statement by citing information from SBI, which says that there is no plan to downsize its present employee strength of 2.5 lakhs by March 2021, neither does SBI plan to shut down its branches and replace them by e-corners.  What does the SBI research report say about payrolls in FY20? …

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SBI Recruitment 2020

SBI Recruitment

State Bank of India (SBI) has recently declared SBI Clerk 2020 Notification. Under this, a total of 8134 jobs will be included for specialist officers and various clerical cadre. From January 23, 2020 to February 12, 2020, online applications for the posts will be accepted. The job postings include Defence Banking Advisor for Navy and Air Force and Circle Defence Banking Advisor (2 posts each); Human Resources specialist, senior specialist executive, and senior executive for statistics (only 1 post each); manager and deputy manager (10 posts each); deputy manager for…

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