Dear Colleague,

It gives me immense pleasure in placing before you 4th Volume of “LAKSHYA”.

This booklet contains gist of e-Circulars and important economic affairs. It is

our small endeavor to keep you updated in Banking & Finance related matter.

We seek your invaluable suggestions/ feedback for further improvement. Soft-

copy of this booklet is available at website of SBLC Ranchi.

Thanking You,

Suneel Kumar Pandey

AGM SBLC Ranchi

Email : stc.ranchi@sbi.co.in

LAKSHYA

Year : I, Vol: IV November 2017

STATE BANK LEARNING CENTRE

RANCHI

Please consider Environment before printing this booklet.

INDEXSLNO

Particulars Contributed By

1 Intense thoughts Suneel Kumar Pandey, AGM SBLC

2 Ongoing Campaigns Kumar Ranjan, Mgr. Training

3 Latest Interest Rates Md. Moin Zafar Khan, Mgr. Training

4 Current Banking events Md. Moin Zafar Khan, Mgr. Training

5 Gist of e-Circulars Kumar Ranjan, Mgr. Training

INTENSE THOUGHTSA frog decided to reach the top of a tree. All frogs shouted “ It’s impossible, It’s impossible..”Still the frog reached the Top… How ? Because…… He was DEAF ! and he thought, everyone was encouraging him to reach the top..“ BE DEAF TO NEGATIVE THOUGHTS…IF YOUR AIM IS TO REACH YOUR GOAL”.

Friends,

Promotional exams are round the corner. You need to work hard. Negativity is our worstenemy. Simply ignore negative incidents, people and thoughts and move ahead.

Wish you a grand success ahead !

Suneel Kumar Pandey AGM SBLC Ranchi

LAKSHYA NOV 2017 SBLC Ranchi

SL No Name of Campaign Period Related to

1 TBU- SME Super Stars01.11.17 to

31.01.18

Transaction Business Unit

products

2 GGG- Go Green via GCC01.10.17 to

31.12.17

For migration of eligible GCC

transactions to Green Channel.

3 Top up Topper’s contest01.10.17 to

31.12.17

For promotion of Home Top Up

Loan

4 Pension Loan Drive01.10.17 to

31.12.17Pension Loan

52nd Phase Grih Tara Branch

Campaign

01.10.17 to

31.12.17Home Loan

6 ANMOL SITARA15.11.17 to

31.01.18

Opening CAs with MAB of

Rs.5000/-& above

7 SB Collect Campaign

01/12/17 to

28/02/18

Promotion of State Bank Collect

8 RINN SAMADHAN-II01/11/17 to

31/01/18

Scheme for OTS of NPA and

AUCA 2017-18

9‘Asset Backed Agri Loan’

Felicitation Campaign FY 17-18

16.11.17 to

31.03.18 Promotion of ABAL

10 NPS KRANTI01.11.17 to

31.03.18National Pension System

11 CHAMPS of SWAYAMs01.12.17 to

28.02.17

To increase Migration on

SWAYAMs

12

TRANSACTION BANKING

SUPERBIZ CAMPAIGN (For CAG &

MCG Br)

01.12.17 to

31.01.18

increasing TBU penetration

levels

ONGOING CAMPAIGNS

LAKSHYA NOV 2017 SBLC Ranchi

LATEST RATES

CRR 4 % Repo Rate 6.00 %

SLR 19.5 %Reverse Repo Rate 5.75 %

Bank Rate 6.25 %

ALL BANKS TO ALIGN THEIR PAY APPS UNDER BHIM UMBRELLA: This will help promote UPI as single

means of payment for all mobile payment: Banks will now display BHIM as a prefix to their own UPI

applications in a bid to erase confusion among users. In turn, this will help promote UPI as the single means

of payment for smartphone-based small value retail transactions, according to bankers who see this as a

branding exercise similar to how merchants display payment options for credit and debit card users.

EASE OF DOING BUSINESS: India placed at 100th place in World Bank’s Ease of Doing Business

Ranking: India has for the first time broken into the club of the 100 nations easiest to conduct business in,

driven by ease of paying taxes, resolving the insolvency problem, access to credit, and protection of minority

investors. The World Bank’s ‘Doing Business 2018: Reforming to Create Jobs’ report, showed India's rank

in ease of doing business jumped 30 places to 100 among 190 countries. India’s rank was 130 a year ago.

FISCAL DEFICIT RISES TO 91.3% OF FY18 TARGET IN 6 MONTHS: In absolute terms, the difference

between expenditure and revenue stood at Rs 4.99 lakh crore for the said period: India’s fiscal deficit at the

end of the first half of the current financial year (FY18) touched 91.3 per cent of the Budget Estimate (BE),

mainly due to a rise in expenditure. In absolute terms, the fiscal deficit — the difference between

expenditure and revenue — was Rs 4.99 lakh crore during the April-September period of FY18, according

to the Controller General of Accounts (CGA). During the same period of last financial year, the deficit was at

83.9 per cent of the target. For FY18, the government aims to bring down the fiscal deficit to 3.2 per cent of

gross domestic product. Last fiscal year, it had met the 3.5 per cent target.

INDIA AT 8TH SPOT IN M-CAP RANKINGS: At $2.26 trillion, its stock market is bigger than those of

Canada and Switzerland, just behind Germany and France: India has pipped Canada to become the world’s

eighth largest stock market by capitalisation. This year’s 47 per cent surge in market capitalisation has

helped India seal its position in the $2-trillion club. The ranking is as follows:

1. USA 2. China 3. UK 4. Japan 5. Hong Kong 6. France 7. Germany 8. India 9. Canada 10. Switzerland.

INDIA AIMS TO BUILD 100 MORE AIRPORTS IN 15 YEARS: 70 of these to be at new places; doubling

capacity may cost Rs4 lacs: India plans to expand connectivity and meet potential demand by establishing

about 100 airports – doubling the current number – 15 years at an estimated investment of Rs 4 lakh crore.

CASH-SURPLUS BANKS CUT COSTLY DEPOSITS: The liquidity boost resulting from the demonetisation

announcement on November 8, 2016 has stayed with the banking sector a year after the event, helping

banks reduce their high-cost deposits and boosting their current account and savings account (CASA) ratio.

GOOGLE MAY ACQUIRE JUST DIAL: US internet giant Google, a subsidiary of parent Alphabet, is in talks

with Mumbai-based service engine Just Dial to acquire its business.

LIMITED SPACE FOR FURTHER CUT IN LENDING RATE: SBI CHIEF: State Bank of India Chairman

Rajnish Kumar today said that there is limited space for further easing of the lending rate.

It seems so, he said in reply to a question if the rate cut cycle is over for now.

NPAs ROB SBI OF GAINS FROM INSURANCE STAKE SALE: Net profit slides 38% to .₹ 1,582 crore in the

September quarter; lender makes record provisioning of .₹ 16,715 crore for NCLT-related accounts: The

State Bank of India reported a 38% slide in its net profit for the quarter to September following record

provisioning for bad loans even as it recorded bumper gains from stake sale in its life insurance venture and

growth in retail business.

The bank’s net profit for July-September fell to ₹ 1,582 crore from ₹ 2,538 crore a year ago.

LAKSHYA NOV 2017 SBLC Ranchi

CURRENT BANKING EVENTS

CENTRE, STATES TO SPEND RS 1 LAKH CRORE ON RURAL ROADS: Centre, states to share the

amount in 60:40 ratio to link unconnected rural habitations and upgrade existing roads till 2020: About

100,000 crore will be spent on building new roads, including in areas affected by the Left-wing extremism

(LWE), and upgrading the existing ones as part of the Centre’s flagship Pradhan Mantri Gram Sadak Yojana

(PMGSY).

GOVT TO INCENTIVISE FASTER IMPLEMENTATION OF HIGHWAY CONTRACTS: Plans to offer up to

10% of project cost as bonus to contractors, compared to 5% at present: In an effort to fast-track the

completion of national highways, the government plans to double the incentive for contractors finishing their

work ahead of schedule. The move is also expected to cut the turnaround time for a road contract by 30 per

cent.

MOODY'S UPGRADES INDIA'S SOVEREIGN BOND RATING FOR FIRST TIME IN 14 YEARS: Move to

help attract more foreign fund flows; India Inc could tap foreign capital at lower rates: Moody’s raised the

rating from the lowest investment grade of Baa3 to Baa2, and changed the outlook from positive to stable.

Analysts said the upgrade would lead to higher capital inflows, strengthening the rupee, and ease India Inc’s

access to overseas capital at lower rates. Moody’s, however, warned the rating could be downgraded “if the

health of the banking system deteriorated significantly or external vulnerability increased sharply”.

HOW INDIA IS RATED:

FITCH S&P MOODY’S

Sovereign Rating BBB- BBBB- BAA2

Outlook Stable Stable Stable

View: Rajnish Kumar Chairman, SBI: “This is re-affirmation of how the world views India. This will cut cost of

foreign borrowings and increase investor confidence.”

TRADERS CAN EDIT AUG, SEPT GSTR-3B RETURNS FROM NOV, 20: The GST Network will launch a

facility for businesses to make changes to their August and September GSTR-3B return forms from

November, 20.

SMALL SAVINGS, BIG BURDEN: The Centre has to bear the maximum burden of borrowing NSSF loans to

the tune of Rs 1 lakh crore: Government securities against the collections in the National Small Savings

Fund (NSSF) will probably trump the budget estimate of Rs 1 lakh crore this fiscal year on account of an

increased public preference for safe and long-term investments.

This has been demonstrated by an almost three-fold jump in the NSSF collections in the first half of FY18

(April-September), at Rs 30,400 crore, from Rs 11,000 crore in the same period of the previous financial

year.

SBI AIMS TO RAISE Rs.2.5K CR VIA GENERAL INSURANCE ARM’S LISTING: State Bank of India, the

country’s largest lender, may consider listing its general insurance arm SBI General Insurance, a joint

venture with Insurance Australia Group, in 18-24 months to improve its capital cushion as the government

works out plans to recapitalise the banks. State Bank of India may raise Rs. 2,500 Crore by divesting 20% in

SBI General, based on its current performance.

INSOLVENCY ORDINANCE: DEFAULTING PROMOTERS ALL SET TO LOSE THEIR COMPANIES:

Wilful defaulters and borrowers with NPAs for a year or more cannot bid: An ordinance amending the

Insolvency and Bankruptcy Code (IBC) has practically barred promoters of companies undergoing the

resolution process from bidding for their own companies when they are auctioned as part of bankruptcy

proceedings. Besides, sister concerns and corporate guarantors will also not be eligible to bid for these

companies.

LAKSHYA NOV 2017 SBLC Ranchi

SC APPOINTS OFFICIAL RECEIVER TO MANAGE AAMBY VALLEY: The Supreme Court on Thursday

ordered the official receiver at the Bombay High Court to take over the management of affairs of luxury

township Aamby Valley (near Pune), amid fear of Encroachment and the possibility of not finding any bidder

for it. The official receiver is different from the official liquidator, earlier appointed by the court to conduct the

auction of the township.

SUNIL MITTAL & BROS PLEDGE 7,000 CRORE TO CHARITY: Airtel promoters commit 10% of wealth to

Bharti Foundation: The Mittal family, promoters of India’s largest telco Bharti Airtel, pledged .₹ 7,000 crore,

or 10% of its wealth, to support the Bharti Foundation, the Bharti Group’s philanthropic arm.

CHINA DEVELOPMENT BANK FILES INSOLVENCY SUIT AGAINST RCOM: Telco defaulted on $1.78-

billion loan it took from China Development Bank: China Development Bank, which lent close to $1.78

billion to Reliance Communications (RCom), has filed an insolvency suit at the National Company Law

Tribunal’s (NCLT’s) Mumbai bench after it defaulted on loans.

GLOBAL ENTERPRENEURS SUMMIT (GSE) HELD IN HYDERABAD:The Keynote was given by Ivanka

Trump, who was leading a US delegation: The event, being hosted by the governments of India and the

US, is focused on women entrepreneurship; more than half of the 1500 from 150 countries participating

global entrepreneurs were women.

PSB CONCLAVE TO FOCUS ON GOVERNANCE, NPA RESOLUTION, CREDIT REVIVAL: Job growth,

consolidation also on the agenda: Union Finance Minister Arun Jaitley is expected to address the two-day

conclave at the State Bank of India (SBI) Academy in Gurugram: With a Rs 2.11-lakh crore capital infusion

plan in hand, top executives of public setor banks (PSBs) will brainstorm with officials and experts at

Gurugram about governance issues, experience with insolvency cases, recoveries and credit demand

revival.

A conclave titled Vichar Manchan will see presentations by seven groups, each headed by the managing

director or chief executive of a PSB. This is the third such gathering of PSB executives, officials, and

experts. Earlier conclaves were held in 2014 and 2016.

LAKSHYA NOV 2017 SBLC Ranchi

889

02.11.17

Master Circular on Agri Gold Loan Scheme ( updated up to 31.10.17) has been issued .

To increase Agri Gold loan base branches are permitted to grant loans against the security

of specially minted gold coins sold by SBI/e-ABs weighing up to 50 grams per customer. It

can be sanctioned as Demand Loan, Cash Credit and Overdraft. Purpose - To meet the

short term crop production needs of farmers. Advance value is calculated by keeping a

margin of 25% on the market value. Details available in Circular.

893

02.11.17

Daily combined limit for GCC txns has been revised to Rs. 40,000.00 (cash withdrawal

and fund transfer) without any restrictions on number of txns.

898

02.11.17

Every application for settlement of account(s) of a deceased constituent received at the

branch should be duly acknowledged. If the documents are incomplete/ not in order or the

claim is rejected, the same should be duly recorded along with reasons thereof, under

advice to the Claimants and a copy of the communication should also be endorsed to the

Controller. The Controller shall examine the reasons in the light of Bank’s extant instructions

and appropriately guide/instruct the branches, wherever felt necessary. Circles to designate

a Scale III/IV officer under the DGM (PBBU) at LHO, who is well versed with all the

guidelines of the Bank regarding settlement of account(s) of deceased constituent, as a

Nodal Officer to - (i) monitor the implementation of Bank’s guidelines in the matter and (ii)

clarify the doubts of the branch/ operating staff. The contact number/email address of the

Nodal Officer should be circulated to all the AOs/RBOs/Branches of the Circle.

905

03.11.17

Pension Fund Regulatory and Development Authority (PFRDA) has recently revised the

registration charges for Point of Presence (POP)/ Branches under NPS (All Citizen and

Corporate) from Rs. 125 to Rs. 200 effective from 1st November, 2017.

906

03.11.17

One Time Pin (OTP) based e-KYC process for Aadhaar verification - Accounts opened

in terms of this provision i.e., using OTP based e-KYC, are subject to the following

conditions: i. There must be a specific consent from the customer for authentication through

OTP ii. the aggregate balance of all the deposit accounts of the customer shall not exceed

rupees one lakh. iii. the aggregate of all credits in a financial year, in all the deposit taken

together, shall not exceed rupees two lakh. iv. As regards borrowal accounts, only term

loans shall be sanctioned. The aggregate amount of term loans sanctioned shall not exceed

rupees sixty thousand in a year. v. Accounts, both deposit and borrowal, opened using OTP

based e-KYC shall not be allowed for more than one year within which Customer Due

Diligence (CDD) procedure, i.e. Biometric based e¬KYC authentication, is to be completed.

918

06.11.17

At present, requests lodged by RINB users for issue of Demand Draft (DD), closure of Loan

Account and Registration of PAN number are processed by Branches in CBS as Manual

Intervention Transactions (MIT).

GIST OF E-CIRCULARS

LAKSHYA NOV 2017 SBLC Ranchi

919

06.11.17

YONO - PRE APPROVED PERSONAL LOAN (PAPL) - Purpose - Any personal purpose

other than speculative purposes.

Eligibility - A. For CSP Account Holders: PAN is compulsory. Age of the customer should

be between18-58 years. CIBIL cut-off score of 700. The account should be operative for at

least one year. The SB account should have at least one credit every month for the last six

months. Xpress Credit loan, if already availed, should be regular. B. For Other/ Non-CSP

Customers having Regular Credits (like Salary, Pension, Rent, etc.) - PAN is mandatory.

Account should be Aadhaar ceded. Age of the customer should be between 18-68 years.

CIBIL cut-off score of 750. Account should be operative for a minimum period of two years.

Nature of Facility – Demand Loan (The loan account will be parked in the Home Branch,

which maintains the Savings Account considered for PAPL eligibility).

Loan Tenure – Min 6 months, Max 12 months.

929

08.11.17

Computer Security Day observed on 30th November, 2017 across the Bank with the

objective of bringing awareness on Information Security among the Bank Staff and

customers.

934

09.11.17

Digital Savings Bank Account has been conceptualised as a fully digital account which

will be opened by customer with very limited Intervention / assistance by branch personnel.

Eligibility criteria for opening account a. Resident Individual, aged 18 years and above b.

Should be literate c. Possess a Aadhaar card, with complete address, and PAN card d.

Only one Digital Savings Account will be permitted for a mobile number. e. Should be liable

for tax in India only, and no other country/jurisdiction outside India.

Business Rules and Charges 1. No free Cheque book/leaves will be given. Digital Savings

Bank Account holder will have an option to get a Cheque book any time, at a cost of Rs.

10/- + S.T. per Cheque leaf. The minimum number of Cheque leaves issued will be 10

Cheque leaves per request. 2. A personalized special Platinum Debit Card (with customer’s

photo), branded as Digital Savings Bank Account will be issued free of cost as against levy

of issuance charges of Rs. 300/- + taxes for Platinum card at present. Following Benefits

would be made available on the Card: a) Withdrawal Limit - @ATM Rs. 1 lac, @POS Rs. 2

Lacs b) Personal Accident Insurance (Death Cover) – Rs. 5 Lacs c) Purchase Protection –

up to Rs. 50,000 For accounts with Quarterly Average Balance Rs. 25,000/- and above, the

following additional benefits are proposed: a) Annual maintenance charges of Rs. 250/- p.a.

at present applicable on Platinum Card will be waived. b) 25% concessions across the

board in scheduled charges levied on services applicable to operation of account.

935

09.11.17

YONO – INSTA DIGITAL SAVINGS A/C - Purpose - To facilitate the opening of digital

account with no branch intervention. Eligibility - a) This account is only for new to Bank

customers. b) Indian residents of age above 18 years with a valid Aadhaar Card. c) The

Aadhaar to contain the same mobile no. which the customer is presently using as OTP

would be triggered at this same number only. d) OTP based Aadhaar (e-KYC) verification

service has not been used before to open account with any other Bank/FI. Min Bal – Zero,

Max Bal - Rs. One Lakh. Transaction Limit – Rs 49,999.00 per txn. The customer agrees

that failure to complete full KYC within 12 months will lead to her/his account being closed

by the Bank.

939

10.11.17

Powers for waiver of prepayment penalty on premature payment of Bulk TDR/ STDR

are vested with CGMs of CAG, PFSBU ,MCG,SAMG, IBG and Circle CGMs for NBG

proposals. Powers for concessions in interest rate and relaxation in margin for loan against

deposits are vested with CGMs of CAG, MCG, IBG, SAMG, PFSBU and at Circle level with

the respective Circle CGMs. The control return of such proposals to be put up to the

respective DMDs.

LAKSHYA NOV 2017 SBLC Ranchi

942

10.11.17

Eligibility of dependent family members of both employees and officers for medical

reimbursement has been increased from 75% to 100%.

943

10.11.17

Central Government Salary Package eligibility - Permanent employees of Indian Central

Governments, Autonomous Bodies, Univ., Permanent employees of NABARD, RBI and

Defence Civilians, CGDA, etc. Silver - Gross Monthly Salary between Rs. 5,001 and Rs.

20,000 Gold- Gross Monthly Salary between Rs. 20,001 and Rs. 50,000 Diamond - Class I

Officers, Under Secretary, Joint Director, Dy. Secretary or Employees with Gross Monthly

Salary between Rs. 50,001 and Rs. 1,00,000 Platinum - Director, Joint Secretary, Addl.

Secretary, Spl. Secretary, Cabinet Secretary or Employees with Gross Monthly Salary

above Rs. 1,00,000

945

10.11.17

Rate of interest of the loans and advances sanctioned to the employees of e-ABs prior to

01.04.2017 shall be as under w.e.f. 05.11.2017

950

13.11.17

Master Circular on DEFENCE SALARY PACKAGE (DSP)/ PARA MILITARY SALARY

PACKAGE (PMSP)/ INDIAN COAST GUARD SALARY PACKAGE (ICGSP) has been

issued. (updated up to 31.10.2017).

960

15.11.17

SBI has entered into a tie-up with TVS Credit Services Limited (TVSCSL) on 24.08.2017 to

speed up the process of seizure and auction of tractors.

962

16.11.17

RBI has advised that the facilities provided to Sick, Old and Incapacitated Persons

(regarding operations of accounts through identification of thumb/toe impression/mark by

two ndependent witnesses and authorising a person who would withdraw the amount on

behalf of such customers) shall also be extended to the Visually Impaired Customers.

966

16.11.17

In the Phase-I,we are offering 06 different Life Insurance products on YONO. Products

which will be offered in Phase-I are given below:

a) SBI Life-Retire Smart b) SBI Life- Saral Swadhan Plus c) SBI Life-Money Back Gold d)

SBI Life-Smart Champ e) SBI Life-Shubh Nivesh

f) SBI Life-Smart Wealth Builder

PRODUCT Proposed ROI

Individual Housing Loan (Supervising staff) 6.50% upto 25 Lac, 6.95 % above 25 Lac

IHL (Award staff) 6 %

Vehicle Loan 6.50 %

Personal Loan/OD 6.95 %

Education Loan6.95% (0.50% concession to girl child

effective rate being 6.45%)

Computer Loan 6.95 %

LAKSHYA NOV 2017 SBLC Ranchi

967

16.11.17

In YONO Phase-I 16 different variants of SBI Card are offered. These are a. Simply Click

SBI Card b. SBI Card Elite c. SBI Card Prime

d. Simply Save SBI Card e. STYLEUP contactless card f. Capital first SBI card g. Tata

Platinum Card h. Tata Titanium Card i. Air India SBI signature card j. Air India SBI platinum

card k. Mumbai Metro SBI Card l. IRCTC SBI Card m. Yatra SBI Card n. Central SBI

Select Card o. Central SBI Select+ Card p. Chennai Metro Card

974

18.11.17

Export-Import Bank of India (Exim Bank) has entered into an Agreement in May, 2017 with

the SBM (Mauritius) Infrastructure Development Company Ltd. for making available to the

latter, a GoI supported Line of Credit (LoC) of USD 500 million for the purpose of financing

its participation through Redeemable Preference Shares in public sector entities to

implement infrastructure or other projects in Mauritius.

975

18.11.17

Exim Bank has entered into an Agreement in May, 2017 with the Government of the

Republic of Rwanda for making available to the latter, a GoI supported Line of Credit (LoC)

of USD 81 million for the purpose of financing establishment of ten Vocational Training

Centers and four Business Incubation Centers in the Republic of Rwanda.

984

21.11.17

The IMPS transfer transaction limit using BC channel has been enhanced upto

Rs.20000/- per day per customer. However, IMPS transaction limit for cash will remain

Rs.5000/- per day customer. The fee to be collected from the customer and BC

remuneration for IMPS transaction is as

under:

987

15.11.17

For lodgement of claim under PMSBY, the branches have to visit the link as under:

B@ncslink>APPS>PMSBY>Service Integration-PMSBY-File Claim (Annx–I). No manual

claim will be entertained hereafter by National Insurance Company Ltd.

997

22.11.17

The revised guidelines on issuance of Rupee Prepaid Cards are as under: The maximum

limit for Gift Card has been revised to Rs 10000/-. The maximum limit for e-Z pay Card and

Imprest Card has been enhanced to Rs 100000/-. Smart payout card has been withdrawn. If

the undrawn amount of prepaid card remaining unclaimed for more than 10 years the

amount has to be credited to the Depositor Education and Awareness Fund (DEAF) account

of RBI within a period of three months from the expiry of said 10 years. (No breakage

income for the issuer). The PPIs issuer has to maintain a log of all the transactions

undertaken using the PPIs for at least 10 years.

1002

23.11.17

Maximum loan limit for Scholar Loan for Institutions under List ‘AA’ of SBI Scholar Loan

Scheme has been enhanced from existing 30 lacs to 35 lacs.

LAKSHYA NOV 2017 SBLC Ranchi

1003

23.11.17

The Central Govt. has given some relaxation in case of officially valid document

furnished by the customer also does not contain updated address, the following documents

shall be deemed to be officially valid documents for the limited purpose of proof of address:

(i) utility bill which is not more than two months old of any service provider (electricity,

telephone, postpaid mobile phone, piped gas, water bill); (ii) property or Municipal tax

receipt; (iii) pension or family pension payment orders issued to retired employees by

Government Departments or Public Sector Undertakings, if they contain the address; (iv)

letter of allotment of accommodation from employer issued by State Government or Central

Government Departments, statutory or regulatory bodies, public sector undertakings,

scheduled commercial banks, financial institutions and listed companies and leave and

licence agreements with such employers allotting official accommodation; Provided that the

customer shall submit updated officially valid document with current address within a period

of three months of submitting the above deemed “officially valid documents”.

1009

27.11.17

We offering Switch Over facility to our existing Home Loan and Home Top-up Loan

borrowers linked to MCLR along with the borrowers linked to BASE/SBAR rates. The

revised fee structure w.e.f 24.11.2017 will be as under:

1010

27.11.17

SBI Asset backed loan for residential housing (ABL-RH) has been revised :

Name of the Scheme- (a) “SBI ASSET BACKED LOAN FOR RESIDENTIAL HOUSING”

(ABL-RH) – Where the purpose is for funding the Residential Real Estate Projects. (b) SBI

ASSET BACKED LOAN FOR COMMERCIAL REAL ESTATE – Commercial Projects

(ABLCRECP) – For all other purposes.

Purpose - Creation / Acquisition of Residential Real Estate. Loan Amount - Minimum loan

amount: Rs.50 lakhs. Maximum loan amount: Rs.100 crores Only at Mumbai, New Delhi

and NCR, Chennai, Ahmedabad, Bangalore, Hyderabad and Pune centres. Further, these

proposals / loans will be handled by RMREs and will be parked only in identified branches

where RMRE services are available. Rs.50.00 crores for other centres, where RMRE is

posted or RMME identified to handle REH business otherwise maximum loan will be Rs.5

crs. For funding at NBG, project size should be maximum of Rs.500 crores & Rs.1000 crs

for Sole Banking arrangement and Consortium / Multiple Banking arrangement respectively.

Exposure above the Maximum Limit mentioned above is permitted with the approval from

the Group Head. Margin Required - Margin should be minimum 25% of the deficit as per

Project Cash Flow. Repayment - Drop-line Overdraft – Limits for 12 months to 84 months

including the moratorium with either Equated Reduction in limit or customized reduction in

limit depending upon the cash accruals as per projections, size of the project and date of

completion of the project.

LAKSHYA NOV 2017 SBLC Ranchi

Revised Concessionary switchover fee structure for Home Loans and Home Top

Up Loans (Including SBI Realty and Suraksha)

ParticularsSwitch over fee

structure

Loan Outstanding (D.P in case of Maxgain) ≤ Rs 30 lacs Rs 2000/- + GST

Loan Outstanding (D.P in case of Maxgain) >Rs 30 lacs and ≤

Rs 75 lacs Rs 4000/- + GST

Loan Outstanding (D.P in case of Maxgain) >Rs 75 lacs Rs 8000/- + GST

1011

27.11.17

SBI General Insurance Co Ltd has launched a new product Simple Home Insurance

Policy. Salient Features - • A comprehensive package product that provides protection

and peace of mind against a number of perils without the need to take several policies. •

Indian residents who are owners, landlords or tenants can buy this policy. • Policy can be

availed for up to three years with a tenure discount for more than 1 year policy tenure •

Worldwide Coverage for theft, accidental loss, damage or destruction of personal baggage

accompanying the Insured and/or his Family • Sum Insured can be opted on the basis on

Reinstatement Value, Market Value or Agreed Value basis (applicable for Flats and

Apartments). Coverage – I Fire and Special Perils, II – Burglary and Theft, III – Public

Liability, IV– Plate Glass, V– Baggage, VI– Breakdown of Domestic Electric & Electronic

Appliances, VII– Personal Accident, VIII– Loss of Cash while in Transit, IX– All Risk Cover -

Portable Equipments, Jewellery and Valuables, X– Key Replacement. Eligibility: Any

individual having household property within India can take this policy. Tenure: SBI

General’s Simple Home Insurance Policy is available for a 1,2 and 3 years.

1014

27.11.17

Until we make arrangement for eKYC at the doorstep of the customers, accounts of the customers,who are not visiting Branches, may be opened without eKYC facility. However, Aadhaar in all eligiblecases or Proof of application of enrolment for Aadhaar (where Aadhaar is not available) and PAN orForm 60 (where PAN is not available) should be necessarily obtained.

1017

28.11.17

Revision in Product Features of Arthias Plus Scheme: Quantum of Loan - Minimum: Above Rs. 10lacs, Maximum: Rs. 200 lacs. Purpose - To meet the Working Capital requirements of CommissionAgents/Arthias engaged in trading activity Margin- Stocks: 30% Receivables (<6 months): 40%.

1022

29.11.17

RBI has advised Banks to provide undernoted Banking facility for Senior Citizens and Differentlyabled Persons (a) Dedicated Counters/Preference to Senior Citizens, Differently abled Persons. (b)Ease of submitting Life Certificate. (c) Cheque Book Facility. (d) Automatic conversion of status ofaccounts. (e) Additional Facilities to visually impaired customers. (f) Ease of filing Form 15G/H. (g)Door Step Banking.

Thank You !