sbi
By Ritika Jain A Delhi Court earlier this month pulled up the State Bank of India for trying to recover money from a dead person. The court was hearing the bank's plea seeking to recover dues amounting to more than Rs. 13.5 lakhs. However, the bank did not know the individual had died when it filed a suit against the person. Dismissing the bank’s plea, the court advised bank officials to access the national births and deaths database to first ascertain whether the individual they were seeking money from was alive or dead. The advice followed the bank’s admission that it mistakenly filed a suit...
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By Mohammed Kudrati A viral message, stating that the State Bank of India will charge ₹57.50 per transaction exceeding 40 transactions through a savings bank account a year, is false, as there is no evidence in the bank's schedule of charges to indicate this. This transaction limit of 40 encompass all mediums - cards, cheques or standing instructions - according to the message. Further, the message states that this policy of the bank is in cahoots with the Reserve Bank of India to raise money for the government and urges people to transact in cash and no to go through the bank. An additional c...
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By Mohammed Kudrati Social media posts claiming that the government will privatise all public sector banks except for the State Bank of India (SBI), are misleading as they are based on an inaccurately headlined Zee News article. On July 13, 2022 Zee News published an article titled 'Bank Privatization: SBI को छोड़ सभी सरकारी बैंक होंगे प्राइवेट! जानिए लेटेस्ट अपडे' (Bank Privitization: Except SBI, all government banks will be privatised, know the latest updates). However, the headline is misleading as the article cites a policy paper released by economists Poonam Gupta and Arvind Panagariya pos...
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