Alert! SBI warns customers against KYC fraud: Here’s how to protect your bank account

KYC frauds have increased a lot these days. Earlier, Delhi Police also issued a warning to customers so that they don’t click on spurious links. Now the State Bank of India (SBI) has issued an alert for its customers on the KYC (Know Your Customer) fraud and said that the fraud is real, and it … Read more

Gamification strategy: Indian companies play it right with a game they can’t lose

Gamification is already a much larger space. It is valued at $12 billion currently and predicted to grow 30% annually to hit $31 billion by 2024. Synopsis This gamification strategy — where hyper-casual, tap-and-play games are used to engage customers, speed up sales and enhance revenue — has found increasing traction with a host of … Read more

SBI New Personal Loan From Rs 25,000-5 Lakh, Zero Fee, Low Interest, Moratorium

To mitigate financial distress amid the second wave of coronavirus pandemic, the State Bank of India (SBI) has recently unveiled a new personal loan plan — Kavach Personal Loan. Under this scheme, an individual can take loans starting from Rs 25,000 to up to Rs 5 lakh to “cover expenses of COVID-19 treatment of self … Read more

Siva Industries case: Banks to settle bad loans worth Rs 4863 crore for just Rs 323 crore

New Delhi: Public sector banks have agreed to settle bad loans worth Rs 4,863 crore at just Rs 323 crores in the Siva Industries and Holdings case. With the recovery rate standing at just 6.5%, many are raising serious questions regarding how banks are making their way out of the disaster.  However, all the members … Read more

Important SBI alert! Internet banking, Yono, UPI services to remain affected on June 17, check timings

New Delhi: Country’s largest lender State Bank of India (SBI) has alerted the customers on its online banking services that will remain affected for a couple of hours. SBI has said that the bank’s INB/YONO/ YONO Lite/ UPI services will be unavailable on June 17. The bank has also informed the customers about the specific … Read more

Lost your SBI ATM card? Here is how to get it blocked

Have you lost your State Bank of India (SBI) debit card? Don’t panic! You can easily get your ATM cum Debit Card blocked through OnlineSBI. “You can now Block your SBI ATM cum Debit Card through OnlineSBI, in case your card is lost or stolen,” SBI said. You can further follow few simple steps to … Read more

SBI launches Kavach Personal Loan to cover COVID-19 bills, check interest rate and other details

New Delhi: State Bank of India (SBI) has launched a collateral-free loan personal loan to let borrowers cover the expenses related to COVID-19 treatment of self or family memebers.  In a press statement, SBI said that the “Kavach Personal Loan covers expenses of COVID treatment of self and family members of the customer.”  The state-owned … Read more

State Bank of India Invests in Digital Payment Startup Cashfree

State Bank of India (SBI) The company’s total funding since inception is $42 million, Cashfree said. PTI Last Updated:June 07, 2021, 17:54 IST FOLLOW US ON: Digital payments and banking technology company Cashfree on Monday said it has received an investment from State Bank of India (SBI). The company, however, did not disclose the amount … Read more