'Signs of a slowdown are evident. There is no case for SBI to merge with any bank', says SBI Chairman Rajnish Kumar. The top boss of SBI spoke exclusively To ET Now and charted out the expected growth path for the economy and State Bank of India. Tune in for the full interview with ET NOW’s Managing Editor, Nikunj Dalmia. WATCH!
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'Signs of a slowdown are evident. There is no case for SBI to merge with any bank', says SBI Chairman Rajnish Kumar. The top boss of SBI spoke exclusively To ET Now and charted out the expected growth path for the economy and State Bank of India. Tune in for the full interview with ET NOW’s Managing Editor, Nikunj Dalmia. WATCH!
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SBI used to charge Rs. 2 for fund transfers up to Rs. 10,000 through NEFT using internet or mobile banking modes. Now that has been reduced to Rs 1 (excluding 18 per cent GST). For NEFT transactions from Rs 10,000 to Rs 1 lakh, the charge has been reduced to Rs. 2 from Rs. 4 earlier. Similarly, SBI has revised its fees for fund transfers between Rs 2 lakh and Rs 5 lakh through RTGS on its net and mobile banking platform, to Rs 5. This charge was Rs 20 earlier.
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'We are in the business of taking risks, but we should price them correctly. The difference between the private sector banks and public sector banks lies in pricing this risk', says Rajnish Kumar, Chairman, State Bank of India while speaking at Times Network's India Economic Enclave.
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68% of capital procurement defence budget will be earmarked for domestic industries from 2022-23, up from 58%.
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