State Bank Of India

State Bank of India (SBI), country’s largest public sector lender, has introduced first cash deposit machine (CDM) in Mangalore city on January 28, 2013. The facility was formally inaugurated by Krishna Mohan Trivedi, General Manager, SBI, Bangalore. With this facility customers can remit cash to their account with SBI at any of its branches in the country using their ATM cards. This CDM is functional round the clock. 

The bank has revised the Base Rate by 5 basis points (bps) from 9.75% per annum to 9.70% per annum and benchmark prime lending rate (BPLR) by 5 bps from 14.50% per annum to 14.45% per annum effective from February 04, 2013.