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Business News/ Industry / Banking/ 7th Pay Commission: SBI releases Rs3,323.24 cr arrears to defence pensioners

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7th Pay Commission: SBI releases Rs3,323.24 cr arrears to defence pensioners

1 min read 30 Dec 2016, 08:11 PM IST

PTI

SBI released Rs3,323.24 crore arrears to around 9.94 lakh eligible defence pensioners

SBI has the largest share of central government pensioners and serves nearly 50% of total defence pensioners across the country. Photo: Hemant Mishra/Mint

Mumbai: State Bank of India (SBI) on Friday said it has released Rs3,323.24 crore as arrears to defence pensioners under the 7th Pay Commission on 29 December.

The bank released the amount to around 9.94 lakh eligible defence pensioners, managing director (national banking group) Rajnish Kumar said in a statement. He also said that Rs4,003 crore had already been released to around 4.60 lakh defence pensioners on 16 December.

SBI has the largest share of central government pensioners and serves nearly 50% of total defence pensioners across the country.

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Published: 30 Dec 2016, 08:00 PM IST

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