Morning Tidings

Tag: SBI

  • SBI Customers Need To Update PAN Card Details To Avoid Getting Their Accounts Blocked? PIB Fact Check Debunks Fake Viral Message

    A piece of news claims that State Bank of India (SBI) has asked its customers to update their PAN number in order to avoid their account from getting blocked is going viral on social media. However, customers must note that the news is fake. A fact check done by PIB says that the viral message is bogus and misleading. The PIB Fact Check team also urged people to not respond to emails/SMS asking to share personal or banking details. “Report at [email protected] and 1930,” the tweet stated. UPPET Exam 2022: Uttar Pradesh Government Fact-Checks Screenshots of Fake Tweets on Crowded Trains Attributed to Rahul Gandhi and Priyanka Gandhi.

    Never Respond to Emails/SMS Asking Personal or Banking Details

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and Morning Tidings Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of Morning Tidings, also Morning Tidings does not assume any responsibility or liability for the same.)

  • SBI Staff as King Mahabali! Bank Officer Dresses as Noblest Ruler During Onam Festival in Kerala; Watch Viral Video

    Onam 2022 is being celebrated in the state of Kerala with full pomp and show. Amidst the grand celebrations, a viral video surfaced on the internet that showed an SBI employee dressed as King Mahabali in Kerala’s Thalassery branch . The State Bank of India (SBI) staff served the customers while dressed as the noblest ruler who is known to arrive annually during the Onam festival. His sweet dedication to the auspicious festival won hearts as social media users applauded him for the traditional makeover!

    Watch Viral Video of SBI Staff Dressed as King Mahabali: 

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and Morning Tidings Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of Morning Tidings, also Morning Tidings does not assume any responsibility or liability for the same.)

  • Beware! Chinese Hackers Targeting SBI Users via Phishing & Free Gift Scams: Report

    Beware! Chinese Hackers Targeting SBI Users via Phishing & Free Gift Scams: Report

    New Delhi: In fresh trouble for the State Bank of India (SBI), hackers of Chinese origin are targeting bank users with phishing scams, asking them to update their KYC using a particular website link and offering free gifts worth Rs 50 lakh from the bank via a WhatsApp message, cybersecurity researchers warned on Wednesday. Beware! SHAREit App Bug Can Leak Your Data to Hackers: Report.

    The research wing of New Delhi-based think tank CyberPeace Foundation, along with Autobot Infosec Pvt Ltd, studied two such incidents on the name of SBI that were faced by some smartphone users.

    “All the domain names associated with the campaign have the registrant country as China,” the research team said.

    In the first case of the text message requesting KYC verification, the landing page that appears resemble with the official SBI online page.

    On clicking the “Continue to Login” button, it redirects the user to full-kyc.php page, asking confidential information like username, Password and a captcha in order to login to the online banking.

    “Following this, it asks for an OTP sent to the user’s mobile number. As soon as the OTP is entered, it redirects the user to another page that asks the users to enter some confidential information again like account holder name, mobile number, date of birth. After entering the data, it redirects the user to an OTP page,” the researchers informed.

    The research team came to a conclusion that the campaign is pretended to be launched from State Bank of India but hosted on the third-party domain instead of the official website www.onlinesbi.com, which makes it more suspicious. The overall layout of the web page used in the campaign is kept similar to the official SBI netbanking site to lure the users. The SBI was yet to react to the report. In the second case of luring users to win attractive free gifts, the team found that the WhatsApp message also redirects the user to a link.

    “On the landing page, a congratulations message appears with an attractive photo of State Bank of India and asks users to participate in a quick survey to get a free gift of Rs 50 lakh from the State bank of India,” the researchers informed.

    At the bottom of the page, a section appears which seems to be a Facebook comment section where many users have commented about how the offer is beneficial. The Research teams investigated the URLs in a secured sandbox environment where WhatsApp application was not installed. The researchers recommend that people should avoid opening such messages sent via social platforms.

    “The URL manipulation showed that the web server has directory listing enabled and found other links visible which proves that not only the SBI users, IDFC, PNB, IndusInd and Kotak bank users are also targeted by the same type of phishing scam,” the team noted.

    In March this year, the same research team had pointed out that several users of the SBI were targeted in a phishing scam where hackers flooded them with suspicious text messages, requesting them to redeem their SBI credit points worth Rs 9,870.

    (The above story first appeared on Morning Tidings on Jul 07, 2021 05:45 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • SBI hikes home loan rate to 6.95%

    SBI hikes home loan rate to 6.95%

    With the amendment, the minimum rate of 6.70% governance for a limited period expired on 31 March.

    The country’s largest lender State Bank of India (SBI) has revised its home loan rate to 6.95% from 1 April.

    With the amendment, the minimum rate of 6.70% governance for a limited period expired on 31 March.

    During the limited period, the bank offered home loans starting at 6.70% for loans up to ₹ 75 lakh and 6. 75 lakh-. 6.75% for loans in the range of 5 crores.

    The new rate effective from April 1, according to information posted on its website, is 6.95%.

    The new rate is 25 basis points 6.95% higher than the teaser rate for a limited period.

    The rise in the minimum home loan rate by SBI is likely to lead other lenders to follow suit.

    The bank will also levy a consolidated processing fee on the home loan. This loan amount and 0.40% of Goods and Services Tax (GST) will be subject to a minimum of ₹ 10,000 and a maximum of ST 30,000 plus GST.

    Last month, SBI waived home loan processing fees by 31 March to cash in on festive enthusiasm.

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  • SBI signs $ 1-bn loan pact with Japanese bank

    SBI signs $ 1-bn loan pact with Japanese bank

    The State Bank of India (SBI) has signed a loan agreement of up to $ 1 billion for International Cooperation (JBB) with the Japanese bank. The purpose of the loan is to promote smooth flow of funds for the entire range of business operations of Japanese automobile manufacturers in India. The public sector lender signed a similar agreement with JBIC in October 2020.

    “The Kovid-19 crisis has affected global trade, production lines and affected global demand. At a time when people are preferring private modes of transportation, this collaboration between SBI and JBIC will help the bank provide credit facilities for the entire supply chain of the Japanese automobile industry, including suppliers, dealers and ultimately end users. SBI Chairman Dinesh Khara said.

  • SBI Life Insurance declares Interim Dividend

    SBI Life Insurance declares Interim Dividend

    SBI Life Insurance Company has declared an interim dividend of 2.5 per equity share (face value of ₹ 10 each) for 2020-21.

    The record date will be April 6. Shareholders will be paid an interim dividend on or before April 23, the company said in a filing after a board meeting on Thursday after trading hours. The company’s shares plummeted 1.82%. Closed at 864.45 each.

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  • SBI District Sales Hub opened

    SBI District Sales Hub opened

    A district sales hub (DSH) of the State Bank of India for the twin cities of Hyderabad and Secunderabad was inaugurated on Thursday by Om Prakash Mishra, chief general manager of the bank’s Hyderabad circle.

    DSH plays an important role in supporting Customer Service Points (CSP) for better customer access and better financial inclusion. Mr. Mishra has set up the Hub on the occasion to facilitate rapid opening and delivery of banking services to customers through the Business Correspondent-CSP channel.

    He urged CSP representatives to provide quality customer service. CSP who opened savings account and subscribed for social security schemes like Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, Atal Pension Yojana and savings account issued by CGM. said.

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  • SBI District Sales Hub opened

    SBI orders Indian Oil Award for SOFR-linked ECB deal

    State Bank of India (SBI) has been mandated by the Indian Oil Corporation Limited (IOCL) for the first ECB deal involving SOFR (Secured Overnight Financing Rate).

    SBI and IOCL have reached a milestone in the LIBOR transition with a $ 100 million deal for 5 years and will be the first SOFR linked deal in the external commercial lending (ECB) market.

    SOFR is an identified replacement for USD LIBOR, which is expected to be phased in by the end of 2021.

    The sunset has begun after the December 2021 decision of the Financial Conduct Authority (FCA) in the UK to not force banks to contribute to the LIBOR calculation.

    C. Venkata Nageshwar, deputy managing director (International Banking Group), said that by leveraging the first SOFR linked ECB, IOCL will set the pace for smooth alternative reference rates (ARR) mechanisms by Indian corporates.

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  • Cyber ​​security critical to digital banking success: SBI officer

    Cyber ​​security critical to digital banking success: SBI officer

    Digital banking is based on the artificial intelligence and technical algorithm model, which helps in determining the ability of the customer to pay and the ability to pay with the credit rating of the customer.

    (For a quick snapshot of the top 5 tech stories, subscribe to our today’s Cash Newsletter. Click here to subscribe for free.)

    A senior SBI official said that cyberspace is critical to the success of digital banking and banks should put in place the infrastructure to win the trust of customers for all such transactions.

    Ravindra Pandey, deputy managing director and chief digital officer of State Bank of India (SBI), said in a webinar that digital banking or digital is here and for the future but it is equally important to protect the interests of all stakeholders.

    Also read European banking regulator EBA targeted in Microsoft hacking

    “It is important to win the trust of customers in any system. The purpose of banks is to build and win the trust of customers, such that all transactions are done through banks as is currently done by many payment apps,” Pandey Was quoted as saying in a release issued by industry body PHD Chamber of Commerce and Industry.

    The official said that FinTech has bought about a change in the mindset of the customer and this is the era of TechFines rather than FinTech.

    He said that digital banking has helped to increase customer relations, engagement and satisfaction and reduce operating costs, processing time.

    Also read Violations and reports of cyber defenses of India; Government. Yet to fix it

    Digital banking is based on an artificial intelligence and technical algorithm model that helps in determining the ability of the customer to pay and the ability to pay with the credit rating of the customer.

    According to the official, the traditional operating model has given way to new channels. Fintech has three areas that must be interlinked to make it successful – payment and remittance; Process Improvement – Compliance and Risk Management; And customer engagement -, he said.

    Also read SEBI slows cyberspace fusion center for securities market

    Sanjay Aggarwal, president of the PHD Chamber of Commerce and Industry, said the banking industry is moving towards a more collaborative and open environment, focusing on data protection and minimizing systemic risks.

    The webinar was also attended by fintech companies, NBFCs and other financial sector representatives.

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