SBI releases ₹1,465 cr for OROP pensioners
The State Bank of India on Monday released arrears worth ₹1,465 crore to 7.75 lakh defence pensioners under the 'One Rank One Pension' (OROP) scheme, according to the government guidelines. This is the first installment of the arrears in the OROP scheme, which the government announced in November 2015 for over 24 lakh defence ex-servicemen and 6 lakh war widows.