State Bank of India, the country’s leading public sector bank, has partnered with FSS (Financial Software and Systems), a leading global digital payment and financial technology company, to implement first of its kind One Nation One Card program and accelerate growth of digital payments at mass-scale.
The Reserve Bank of India (RBI) has fined at least 19 banks, including ICICI, State Bank of India and Yes Bank, for failing to comply with rules on using the Swift network.
State Bank of India (SBI) and Hitachi Payment Services Pvt. Ltd., a wholly owned subsidiary of Hitachi, Ltd., announced the launch of merchant acquiring joint venture, SBI Payment Services Pvt. Ltd. (SBIPSPL) in Mumbai, for establishing a state-of-the-art digital payments platform for India and other countries in the region.
State Bank of India failed to secure a server, leaving the financial information, such as account balances, of millions of customers exposed, according to TechCrunch.
Hitachi is moving into the merchant acquiring business, buying a 26% stake in SBI Payment Services in India.
State Bank of India is to begin testing the use of smart contracts next month, with blockchain-enabled know your customer processing to follow.
NCR Corporation (NCR), a global leader in omni-channel solutions, today announced that State Bank of India (SBI), the country’s largest financial institution, has awarded NCR with the single largest order of ATMs in India.
India's top banks are asking customers to change PIN codes and recalling millions of debit cards following reports of a malware-based security breach at a number of unspecified ATMs across the country.
OKI (TOKYO: 6703) today announced the installations of 600 sets of cash recycling ATMs, ATM-Recycler G7, in June 2016, to the State Bank of India (hereinafter referred to as SBI), the largest bank in India. This marks OKI's second large-project deployment of its cash recycling ATMs for SBI in India.
In a new and novel initiative, the State Bank of India (SBI) has introduced a “mobile ATM” which would move around the city on different timings.
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