In the news

Showing posts with label SBI. Show all posts
Showing posts with label SBI. Show all posts

ATM limit halved for SBI cards

There are concerns about security of SBI Classic debit card „ The move will affect over 42 bank customers in this festive season
The curbing of ATM withdrawal limit to Rs 20,000 from Rs 40,000 by the State Bank of India comes into effect from Wednesday. The new rule will be applicable for holders of SBI Classic or Maestro debit cards. In its attempt to check rising instances of ATM frauds, the country’s biggest lender halved the daily ATM withdrawal limit on October 1. Over 42 crore bank customers will be affected with this limit in the festival season. For customers desiring to take out over Rs 20,000 daily, they can apply for an upgrade the debit card. An official said the SBI Classic debit card is not a chip-based card and there are concerns about its security. The bank has also decided to reduce the withdrawal limit due to increase in number of complaints regarding cloning, said the official. SBI managing director PK Gupta had earlier said, “We analysed all the ATM transactions and we found that most of them are less than Rs 20,000 a day. In case of frauds reported to us, we found that in all such cases withdrawals of Rs 40,000 (the maximum) have happened. So this is basically to protect the customers and secondly, we want that more such (digital) transactions should happen.”

SBI Net Banking May Get Blocked If Mobile Number Is Not Registered By December 1

Internet banking users of State Bank of India (SBI) are required to register their mobile number (if not done earlier) with the lender by December 1, 2018, said the country's largest bank. Customers who fail to register it before the deadline, will not be able to access the internet banking facilities of SBI, the lender said on its online portal- "Attention INB (Internet Banking) users, please register your mobile number with us immediately, if not already done, through Branch, failing which the Internet Banking facility may be blocked with effect from 01.12.2018", it said. SBI's move came in the wake of the circular (dated July 6, 2017) issued by Reserve Bank of India (RBI). Banks must ask their customers to mandatorily register for SMS alerts and wherever available register for e-mail alerts, for electronic banking transactions, RBI had said.

 Therefore, if the mobile number is not already registered with SBI internet banking, users must do it as soon as possible. Besides, users can also check if the mobile number is already registered with the bank by logging in to the internet banking facility.

BHEL, SBI, NABARD, ESIC: Latest government jobs to apply for in September 2018

Lakhs of Indians are on a lookout for job change or a fresh job opportunity every month. Right from a position in the top IT firm to one in an MNC, the weightage of aspirants searching for a job in the government sector is much more than the one in private sector. Given below is a list of various jobs available for the month of September, along with their eligibility, selection procedure and salary details.
ESIC recruitment 2018: Apply for Social Security Officer/ Manager Grade II posts at
The Employee’s State Insurance Corporation (ESIC) has issued a recruitment notification for the posts of Social Security Officer/ Manager Grade II/ Superintendent through direct recruitment. Those willing to apply may do so at the official website – The last date for submission of application is October 5. A total of 539 vacancies are available.

SBI recruitment: Register for deputy manager, fire officer posts at, check salary details
The State Bank of India (SBI) has invited applications for recruitment of specialist cadre officers on regular and contractual basis. The online registration for the same will continue till September 24. Those interested are required to apply at the official website – The selection will be done on the basis of an interview.
OPTCL recruitment 2018: Apply for management trainee post, engineering degree holders can apply at
The Odisha Power Transmission Corporation Limited (OPTCL) is hiring for the post of Management Trainee (electrical). The last date for submission of application is September 27. Those selected will have to undergo training for one year at field units of OPTCL. Those willing to apply may do so at the official website – The selected candidates will get a monthly stipend of Rs 24,000.
Vizag Steel recruitment: 664 junior trainees wanted, apply at
The Rashtriya Ispat Nigam Limited is looking for Junior Trainees in different branches. Those who will get selected will then have to undergo training for a period of 24 months. Those who wish to apply may do so at the official website – The last date for submission of application is September 25. Trainees will be given a monthly stipend of Rs 10,700, during the first year.
NABARD recruitment 2018: Apply to get Rs 2.50 lakh, application ends September 12
The National Bank for Agriculture and Rural Development (NABARD) has released a recruitment notification, inviting interested aspirants to apply for the posts of Senior Project Advisor, Communication Professionals. The candidates who will be selected for the post of Senior Project Advisor will get a remuneration of Rs 2.50 lakh per month. The upper age limit of the candidates must not exceed 63 years of age as on August 1, 2018. The candidates will be selected on the basis of interview.
BHEL recruitment 2018: Apply for 529 various posts at
Bharat Heavy Electricals Limited has released a notification inviting interested, eligible candidates to apply for various posts of Fitter, Welder, Turner, Machinist, other vacancies. There are 529 vacancies, and the candidates can apply online till September 13 through the official website, A total of 529 vacancies are available.
BSF recruitment: Jobs for Junior Engineer/ Sub-Inspector, earn upto Rs 112,400 per month
The Border Security Force (BSF) has released a notification, inviting applications for the posts of Junior Engineer/ Sub-Inspector (electrical) group B. The last date for submission of application is October 1. The selection will be done on the basis of a written test, followed by documentation, physical standards test, practical test and medical examination. The selected candidates will get a monthly salary of Rs 35,400 to Rs 112,400.
Bank of Maharashtra recruitment 2018: Apply for CA/ Cost Management Accountant posts, salary over Rs 40,000 per month
The Bank of Maharashtra has issued a recruitment notification, inviting aspirants to apply for the posts of Chartered Accountant and Cost Management Accountants in JMGS-scale 1. The aspirant should have done graduation from a recognised university with professional qualification of CA/ Cost and Management (ICWA) from a recognised or board. Those selected will be on probation for a period of 24 months. The last date to pay the fee is September 23. Those who wish to apply may do so at the official website,
IIT Kharagpur invites application for 70 various posts, check eligibility and salary details
The Indian Institute of Technology (IIT) Kharagpur is hiring for the posts of Junior Executive, Accounts Officer, Engineer, Nurse etc. The last date for submission of application is September 14. Those who wish to apply may do so at the official website — The selection will be made on the basis of a written test/ trade test.

For all latest Govt Jobs 2018, Railway Jobs, Bank Jobs and SSC Jobs log on to We bring you fastest and relevant notifications on Bank, Railways and Govt Jobs. Stay Connected.

SBI reports Rs2,416 crore loss as bad loans surge

State Bank of India (SBI), India’s biggest lender by assets, on Friday reported a net loss of Rs2,416 crore for the fiscal third quarter after setting aside funds to cover rising bad loans and losses on its bond portfolio.

It had reported a net profit of Rs1,582 crore in the September quarter.

This was the lender’s first quarter under the chairmanship of Rajnish Kumar, who took over in October.

In a post-results teleconference, Kumar said that in addition to provisions related to non-performing assets (NPAs), the bank kept aside Rs3,400 crore as a mark-to-market provision on account of rising bond yields. It also made a Rs700 crore provision for the next round of employee wage hikes.

Rs 4,000 cr Alok Industries debt case: Insolvency case filed by SBI accepted by NCLT

The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Tuesday admitted State Bank of India’s (SBI) insolvency petition against Alok Industries. The court appointed Ajay Joshi as the interim resolution professional (IRP) for insolvency proceedings aimed at recovering close to Rs 4,000 crore that Alok owes SBI.