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Ex-Bank Officer Gets 7 Years Jail For Illegal Exchange Of Banned Notes
A special court in Bengaluru has sentenced a former employee of erstwhile State Bank of Mysore (now merged with SBI) to seven years of imprisonment for illegal exchange of demonetised currency notes in November 2016, officials said here on Tuesday.
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Rupee May Eventually Strengthen Back To 68, Says SBI Official
The rupee is this year's worst-performing Asian currency, dropping 12 per cent to set a succession of record lows.
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Sudden Appreciation Or Depreciation Of Rupee Adds Volatility In Market: SBI
The rupee had experienced an orderly depreciation as it moved from Rs 64 to a dollar to Rs 70 over a span of five to six months, said SBI's group economic advisor.
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India's Worthless Cash Turning Into Gold for State-Run Banks
The government's surprise move last month to invalidate old 500- and 1,000-rupee notes has driven millions to banks to deposit the currency or exchange them for new notes.
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SBI Employee Dies After Collapsing In Bank In Nagpur
A 51-year-old employee of State Bank of India (SBI), handling cash counter at a city branch, died after he collapsed during a rush of people who had come to exchange the demonetised currency notes, a bank official said.
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SBI Collects Rs 1,14,139 Crore In Deposits In Seven Days
One can withdraw cash against withdrawal slip or cheque subject to a weekly limit of Rs 24,000 including withdrawals from ATMs and over the counter from the bank accounts.
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The Rs 4,500 Mark: Indelible Inking Begins At 11 Banks, Here Is What Happens
Eleven branches of the State Bank of India today began inking the fingers of people who exchange the now banned 500 and 1000 rupee notes for new ones, in a move designed to stop people from making multiple exchanges at different branches.
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Rupee Must Fall More to Save Exports, Prevent China Dumping: SBI
Noting that the rupee fall has been mainly against the US dollar only, the SBI chief said the rupee has been doing well compared to many other currencies and is still trading higher than its actual REER (real effective exchange rate) value against many of its global peers.
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Rupee Fall Due to China Fears, India on Firm Footing: SBI
State Bank of India chairperson Arundhati Bhattacharya on Monday described the massive fall in the rupee to be "driven by apprehensions" about the crisis in China and asserted it does not indicate any fundamental issues with Indian economy.
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SBI Launches Online Forex Platform
State Bank of India, the country's largest lender, on Friday said it has launched an internet-based platform - SBI eforex - that enables customers to book their foreign exchange transactions online.
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Falling Rupee May Spook Rate Cut Hopes: SBI
Continued weakening of the rupee driven by external factors is likely to delay any interest rate cut by the Reserve Bank of India, according to a survey.
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Don't choke liquidity, instead raise interest rate: SBI chief
Worried over shortage of funds in the system following the recent liquidity tightening measures by the Reserve Bank of India (RBI), State Bank of India (SBI) chairman Pratip Chaudhuri on Wednesday asked the apex bank not to choke money supply and instead raise interest rate to check volatility in the forex market.
-
Ex-Bank Officer Gets 7 Years Jail For Illegal Exchange Of Banned Notes
A special court in Bengaluru has sentenced a former employee of erstwhile State Bank of Mysore (now merged with SBI) to seven years of imprisonment for illegal exchange of demonetised currency notes in November 2016, officials said here on Tuesday.
-
Rupee May Eventually Strengthen Back To 68, Says SBI Official
The rupee is this year's worst-performing Asian currency, dropping 12 per cent to set a succession of record lows.
-
Sudden Appreciation Or Depreciation Of Rupee Adds Volatility In Market: SBI
The rupee had experienced an orderly depreciation as it moved from Rs 64 to a dollar to Rs 70 over a span of five to six months, said SBI's group economic advisor.
-
India's Worthless Cash Turning Into Gold for State-Run Banks
The government's surprise move last month to invalidate old 500- and 1,000-rupee notes has driven millions to banks to deposit the currency or exchange them for new notes.
-
SBI Employee Dies After Collapsing In Bank In Nagpur
A 51-year-old employee of State Bank of India (SBI), handling cash counter at a city branch, died after he collapsed during a rush of people who had come to exchange the demonetised currency notes, a bank official said.
-
SBI Collects Rs 1,14,139 Crore In Deposits In Seven Days
One can withdraw cash against withdrawal slip or cheque subject to a weekly limit of Rs 24,000 including withdrawals from ATMs and over the counter from the bank accounts.
-
The Rs 4,500 Mark: Indelible Inking Begins At 11 Banks, Here Is What Happens
Eleven branches of the State Bank of India today began inking the fingers of people who exchange the now banned 500 and 1000 rupee notes for new ones, in a move designed to stop people from making multiple exchanges at different branches.
-
Rupee Must Fall More to Save Exports, Prevent China Dumping: SBI
Noting that the rupee fall has been mainly against the US dollar only, the SBI chief said the rupee has been doing well compared to many other currencies and is still trading higher than its actual REER (real effective exchange rate) value against many of its global peers.
-
Rupee Fall Due to China Fears, India on Firm Footing: SBI
State Bank of India chairperson Arundhati Bhattacharya on Monday described the massive fall in the rupee to be "driven by apprehensions" about the crisis in China and asserted it does not indicate any fundamental issues with Indian economy.
-
SBI Launches Online Forex Platform
State Bank of India, the country's largest lender, on Friday said it has launched an internet-based platform - SBI eforex - that enables customers to book their foreign exchange transactions online.
-
Falling Rupee May Spook Rate Cut Hopes: SBI
Continued weakening of the rupee driven by external factors is likely to delay any interest rate cut by the Reserve Bank of India, according to a survey.
-
Don't choke liquidity, instead raise interest rate: SBI chief
Worried over shortage of funds in the system following the recent liquidity tightening measures by the Reserve Bank of India (RBI), State Bank of India (SBI) chairman Pratip Chaudhuri on Wednesday asked the apex bank not to choke money supply and instead raise interest rate to check volatility in the forex market.
