State Bank of India

SBI Reduces Card Limit for Foreign Transactions to USD 100 Per Month

By Maldives Times January 3, 2021 1 min read

The Maldivian branch of State Bank of India (SBI) has reduced its monthly foreign transaction limit for cards issued by the branch. According to an email sent by the bank to its customers, from 29th December 2020 onwards, cards issued by SBI’s Male’ Branch will have a monthly limit of USD 100 for foreign transactions. […]

Palm Beach Island Resort Accuses State Bank of India of Predatory Foreclosure

By Maldives Times October 8, 2020 2 min read

Palm Beach Island Resort & Spa reveals that the resort has been in negotiations with the State Bank of India (Maldives) to come to a settlement in order to avoid foreclosure of the resort, and have been able to come to an acceptable agreement with the bank out of court against which the Resort has […]