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The strike was announced to press for various demands, including five-day banking, updation of pension and recruitment of more employees across branches, among others.
The State Bank of India is an interesting prospect for a study of how Indian banking has matured to provide the ballast for a large ambitious economy on the rise.
State Bank of India, the country's largest lender, leads the list with the biggest write-off of 2.04 trillion rupees, the ministry of finance said in a written reply to a question asked in the lower house of the parliament on Monday.
Public sector banks in general, long vilified to be a drain on the national exchequer, have now turned the corner.
The deceased, Vijay Kumar was posted with the Ellaqui Dehati Bank (EDB), sponsored by State Bank of India.
State Bank of India (SBI) had approached the Rajasthan High Court seeking a CBI probe into the matter as the missing amount was higher than Rs 3 crore.
A group of SBI officials who reached Panalil Sasi's house to attach the property were moved by the family's sad plight. What followed was an exemplary story of humanity and compassion.
The company was sanctioned credit facilities from 28 banks and financial institutions led by ICICI Bank with the SBI having exposure of Rs 2468.51 crore, the officials said.
The bank's move has elicited criticism from several quarters, including from the All India State Bank of India Employees' Association.
Any new tax like wealth tax or others at this point could do more harm than good, SBI Research has cautioned ahead of the Union Budget to be tabled in the Parliament on February 1.