Synopsis
Several customers took to social media to vent their frustration. While few customers claimed that they were unable to receive payments, others claimed that transactions were failing while transferring money using the Unified Payments Interface (UPI).
Reuters
Several customers of
State Bank of India faced issues to process online transactions hours before it’s scheduled maintenance. The bank which upgraded its Internet banking platform on Thursday had informed customers about a 4-hour maintenance activity. Though customers faced transaction failures from early hours Thursday morning.
Several customers took to social media to vent their frustration. While few customers claimed that they were unable to receive payments, others claimed that transactions were failing while transferring money using the Unified Payments Interface (UPI). Some users complained about the timing of undertaking such an activity, at the start of a new fiscal year when transaction activity is e
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SBI customers alert! Want to get new State Bank of India debit card or block old one? Follow THESE steps
State Bank of India is providing its customers the facility of blocking and re-issuing their ATM/Debit card both off-line, online or through YONO App.
DNA Web Team
Mar 15, 2021, 07:00 PM IST
How often have you lost your wallet or your debit card while on the move? If you have, you would know the hassle one has to go through to get your debit card replaced and get a new card re-issued. With the growing cybercrime, it s possible that your ATM/Debit card may get misused.
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The state-owned lender commands over 34 pc market share in home loans and 33 pc in auto loans segment
SBI reduces home loan interest rates to 6.7 pc ANI | Updated: Mar 01, 2021 13:28 IST
Mumbai (Maharashtra) [India], Mar 1 (ANI): State Bank of India (SBI) has sweetened its offers on home loans by reducing interest concession of up to 70 basis points with interest rates starting from 6.7 per cent.
The country s largest lender said on Monday it is also giving 100 per cent waiver on processing fees till March 31. The interest concession are based on the loan amount and CIBIL score of the borrower.
SBI said it is important to extend better rates to customers who maintain good repayment history. Its home loan interest rates start from 6.7 per cent for loans up to Rs 75 lakh and 6.75 per cent for loans above Rs 75 lakh.
SBI shelves plan to hive off Yono app
SBI is also looking to expand Yono Business through which it has made it easier for corporate customers to apply for letters of credit and bank guarantees.Premium
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State Bank of India (SBI) has shelved plans to hive off its super app Yono. It will instead build the app into a wider platform that can be used by rival lenders and add more capabilities to it.
“The potential for monetization is there, but the timeline for monetization is not. Yono has to be extended in a manner that goes beyond SBI, a senior banker aware of the matter said. “We will create a platform for Yono, which will be integrated with regional rural banks or cooperative banks. If they want to use it, they can. That is the larger objective of Yono. We call it the platformization of Yono. That’s a little away.
SBI Payments to launch YONO merchant app
Merchants will now be able to turn their NFC enabled Android smartphones into payment acceptance devices through a simple mobile app.
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| A+A A- By Express News Service
NEW DELHI: India’s largest lender, State Bank of India, will launch a YONO merchants app to enable 20 million merchants from tier 2, 3 cities to adopt digital payments.
The lender plans to deploy low-cost acceptance infrastructure across India over the next two years targeting the potential merchants across India in the Retail and Enterprise segment.
The initiative will enable near field communication (NFC) enabled smartphones of merchants to turn into Pointof- sale devices after downloading the app.