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28 Results from "State Bank of India"

/crime

Sibos: Interpol’s I-GRIP tool requested by increasing number of countries

Australia, Canada, Japan, Korea and Spain were among those mentioned as requesting to use Interpol’s Global Rapid Intervention of Payments (I-GRIP) system by Sungyong Kang, criminal intelligence officer, Interpol, during a panel at Sibos.

/payments

Pine Labs scores $20 million investment from State Bank of India

Riding the BNPL wave, Mastercard-backed Indian merchant commerce platform Pine Labs has picked up a fresh $20 million investment from the country's largest commercial bank, the State Bank of India (SBI).

/startups

State Bank of India invests in local payments processor Cashfree

State Bank of India has made an undislcosed investment in Paypal-incubated digital payments processor Cashfree.

/inclusion

India's NPCI and SBI Payments launch NFC-based SoftPOS system

National Payments Corporation of India (NPCI) has teamed up with a State Bank of India unit to launch a tool that turns NFC-enabled phones into merchant point-of-sale terminals.

/retail

Monkey business: primate goes bananas at ATM

Humans may be avoiding cash during the Covid-19 pandemic but one of our primate cousins was less discerning this week as it ripped up an ATM.

/regulation

RBI fines Indian banks over Swift compliance failures

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.

/retail

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

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.

/retail

Hitachi and SBI form payments joint venture

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

/retail

India's largest lender to begin tests of smart contracts

State Bank of India is to begin testing the use of smart contracts next month, with blockchain-enabled know your customer processing to follow.

/retail

Indian banks hit by massive ATM breach

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.

/retail

SBI targets young customers with digital branches

State Bank of India (SBI) has opened six digital branches as part of a campaign to attract young customers who have grown up in the internet and mobile era.

/retail

Visa and banks tap India's biometric ID system for new account

Visa and a group of Indian banks are tapping the country's biometrics-based national identity system to bring financial services and electronic payments to tens of millions of people.