SBI releases ₹3,300 cr in arrears for military pensioners
The State Bank of India has released ₹3,323.24 crore in arrears for about 9.94 lakh military pensioners as part of the 7th Pay Commission. The bank had released ₹4,003 crore in arrears to 4.60 lakh retired services pensioners in December 2016. This comes after the Centre postponed deciding on a proposal for a percentage-based pension determining system for disabled servicemen.