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State Bank of India, India’s largest lender, is developing a lending solution that will use UPI transaction data as a proxy for sales to extend loans to small businesses that do not have Goods and Services Tax registration
A State Bank of India (SBI) manager’s Form 16 showing an annual gross salary of ₹35.24 lakh has gone viral on social media, prompting a debate over how salaries in public sector banks are perceived and the difference between gross income and actual take-home pay.
Kolkata faces a potential state GST loss of nearly Rs 25 crore this fiscal year as the State Bank of India (SBI) moves to relocate its Global Market Unit (GMU) from Kolkata to Mumbai, a civil society organisation has claimed.
Roads and buildings officials in Vikarabad district approached Telangana High Court challenging the orders of GST commissionerate, which had directed Axis Bank and State Bank of India to freeze bank accounts belonging to the district R&B department and to enable the GST wing deduct Rs. 78.12 lakh from the accounts.