SBI General Flashcards

What is the minimum balance requirement for an SBI Basic Savings Bank Deposit (BSBD) account?

Answer: No minimum balance required

BSBD accounts require zero minimum balance, making them accessible to all segments of society.

SBI's Treasury Operations primarily deals with:

Answer: Management of SBI's investment portfolio and money market activities

SBI Treasury manages the bank's surplus funds through investments in government securities, forex, and money markets.

Which of the following is a money market instrument that SBI issues to raise short-term funds?

Answer: Certificate of Deposit (CD)

Banks like SBI issue Certificates of Deposit to borrow funds from institutional investors for short durations.

SBI's MCLR (Marginal Cost of Funds based Lending Rate) is reviewed at what frequency?

Answer: Monthly

RBI mandates that banks review and publish MCLR at least on a monthly basis.

Which SBI subsidiary provides life insurance products?

Answer: SBI Life Insurance

SBI Life Insurance Company Limited is a joint venture between SBI and BNP Paribas Cardif offering life insurance products.

The SARFAESI Act empowers SBI to take which action against defaulting borrowers?

Answer: Seize and sell secured assets without court intervention

SARFAESI Act allows secured creditors like SBI to enforce security interests and recover dues without filing a civil suit.

SBI's Lok Adalat mechanism is used for resolution of disputes related to:

Answer: NPA accounts below a specified threshold

SBI uses Lok Adalats to settle NPA cases, typically involving smaller loan amounts, through a consensual, out-of-court process.