16 September 2019

Latest articles for State Bank of India


SBI partners with FSS for One Nation One Card programme

06 March 2019  |  4137 views  |  0 Company announcement

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.


RBI fines Indian banks over Swift compliance failures

06 March 2019  |  7226 views  |  0 News

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.


SBI and Hitachi form merchant acquiring joint venture

06 March 2019  |  5227 views  |  0 Company announcement

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.


Indian bank's password failure exposes customer account data - TechCrunch

30 January 2019  |  5833 views  |  0 News

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 and SBI form payments joint venture

29 October 2018  |  7928 views  |  0 News

Hitachi is moving into the merchant acquiring business, buying a 26% stake in SBI Payment Services in India.


India's largest lender to begin tests of smart contracts

21 November 2017  |  7750 views  |  0 News

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 scores $50 million ATM order from State Bank of India

31 October 2016  |  5454 views  |  0 Company announcement

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.


Indian banks hit by massive ATM breach

20 October 2016  |  11825 views  |  2 News

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.


State Bank of India installs 600 cash recycling ATMs

29 July 2016  |  6337 views  |  1 Company announcement

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.


State Bank of India drives mobile ATM

18 March 2016  |  5106 views  |  1 Company announcement

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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