State Bank of India (SBI): News
17 Nov 2024
HDFC BankTop 8 Indian firms lose ₹1.7L crore in market cap
Eight of India's top 10 most valued companies witnessed a massive loss in market capitalization last week. The total loss stood at nearly ₹1,65,180.04 crore.
16 Nov 2024
Bank of BarodaWant a loan? Check out interest rates from leading banks
Several Indian banks, including State Bank of India (SBI), Bank of Baroda, HDFC Bank, and IDBI Bank have announced an increase in their marginal cost-based lending rates (MCLR) for certain tenures this month.
13 Nov 2024
Indian GovernmentHow to update your KYC for PM Jan Dhan account
As the Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts near their 10-year mark, a new Know Your Customer (KYC) update is due.
04 Nov 2024
CybersecurityWhat is SBI Reward Points scam, how to protect yourself
The State Bank of India (SBI) has issued a critical warning to its customers regarding a new kind of fraud in the name of reward point redemptions.
27 Oct 2024
Bharti AirtelMarket cap of India's top 9 companies plunges ₹2L crore
Nine of India's top 10 most valued companies have witnessed a massive erosion in their market valuation last week. The total loss stands at an eye-watering ₹2,09,952.26 crore.
27 Oct 2024
BengaluruMinister slams ex-Infosys CFO over silence on Karnataka's GST share
Karnataka has overtaken Delhi to emerge as the second-highest contributor to India's direct tax revenue, a recent State Bank of India (SBI) report revealed.
20 Oct 2024
HDFC BankMarket cap of 4 of India's most-valued firms surges ₹81,151cr
Four of India's top 10 most valued companies saw their combined market capitalization skyrocket last week.
14 Oct 2024
Indian GovernmentModi government mulls ₹8,000cr infusion to revive debt-ridden MTNL: Report
The Indian government is mulling a financial revival plan for Mahanagar Telephone Nigam Ltd (MTNL), as per CNBC-TV18.
09 Oct 2024
Consumer Price Index (CPI)Repo rate unchanged: How it impacts your home loan EMI?
The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% for the 10th consecutive time.
08 Oct 2024
BusinessUsing your SBI credit card will get costlier from November
SBI Card, the credit card arm of State Bank of India (SBI), has announced changes to its card charge structure.
06 Oct 2024
BusinessSBI plans to hire 10,000 employees this fiscal year
The State Bank of India (SBI), the country's largest lender, has announced plans to recruit approximately 10,000 new employees in the current fiscal year.
06 Oct 2024
HDFC BankNine of India's top 10 firms lose ₹4.75 lakh crore
Nine out of India's 10 most valuable companies experienced a significant drop in their market valuation last week, with a total loss amounting to nearly ₹4.75 lakh crore.
29 Sep 2024
Reliance IndustriesMarket cap of India's top 8 companies surges ₹1.21L crore
The combined market capitalization of eight out of the top 10 most valued firms in India, saw a significant surge last week.
21 Sep 2024
Coal IndiaStaff strength in PSUs drop, Coal India records biggest decline
The workforce of public sector undertakings (PSUs) has been steadily decreasing over recent years.
18 Sep 2024
Monetary Policy CommitteeSBI Chairman explains why RBI won't cut rates in 2024
The Reserve Bank of India (RBI) is not expected to reduce the benchmark policy rate (repo rate) this year due to uncertainties surrounding food inflation, according to State Bank of India (SBI) Chairman CS Setty.
11 Sep 2024
Ministry of FinanceMTNL might be declared NPA due to loan default
Mahanagar Telephone Nigam Limited (MTNL) is facing a severe financial crisis after defaulting on its loan repayments.
05 Sep 2024
KarnatakaKarnataka lifts ban on SBI, PNB after recovering 'embezzled' funds
The Karnataka government has rescinded a previous directive that prohibited its departments from conducting business with the State Bank of India (SBI) and Punjab National Bank (PNB).
02 Sep 2024
Narendra ModiRama Mohan Rao Amara will be SBI's next Managing Director
The Financial Services Institutions Bureau (FSIB), the recruitment body for directors of state-owned banks and financial institutions, has proposed Rama Mohan Rao Amara as the new Managing Director of State Bank of India (SBI).
02 Sep 2024
Securities and Exchange Board of IndiaSEBI puts JSW Cement's ₹4,000 crore IPO on hold
The Securities and Exchange Board of India (SEBI) has temporarily halted the planned initial public offering (IPO) of JSW Cement, valued at ₹4,000 crore.
01 Sep 2024
FastagSBI introduces new FASTag design that reduces toll wait times
The State Bank of India (SBI) has unveiled a new design for its FASTag, specifically targeting Vehicle Class-4 (VC-04), which includes cars, jeeps, and vans.
01 Sep 2024
Gross Domestic ProductSBI lowers FY25 forecast as Q1 growth falls below expectations
India's Gross Domestic Product (GDP) growth for the first quarter of the fiscal year 2024-25 has slowed down to 6.7%, the lowest in the last five quarters.
28 Aug 2024
Gyanendra PandeyWho is former Indian cricketer Gyanendra Pandey? Presenting key details
Gyanendra Pandey, a former teammate of Indian cricket legends Sourav Ganguly and Rahul Dravid, is now employed as a PR agent at the State Bank of India (SBI).
25 Aug 2024
Reliance IndustriesTop 9 Indian firms add ₹95,522 crore to market valuation
Nine of India's top 10 most valued firms witnessed a significant increase in their combined market valuation last week.
24 Aug 2024
Reserve Bank Of India (RBI)RBI approves SBI MF's 9.99% stake in Karur Vysya Bank
The Reserve Bank of India (RBI) has approved a proposal by SBI Mutual Fund (SBI MF) to acquire a stake of up to 9.99% in Karur Vysya Bank (KVB), per CNBC-TV18.
16 Aug 2024
BusinessSBI hikes lending rate: How it'll impact your loan EMIs
State Bank of India (SBI) has announced an increase in its interest rates on loans by 10 basis points across all tenures.
14 Aug 2024
KarnatakaWhy Karnataka government has suspended transactions with SBI, PNB
In a dramatic move, the Karnataka government has issued an order to suspend all transactions with the State Bank of India (SBI) and Punjab National Bank (PNB).
04 Aug 2024
Adani GroupSBI and Citigroup biggest investors in Adani Energy's $1B QIP
Adani Energy Solutions Ltd (AESL), an arm of the Adani Group, successfully raised $1 billion through a Qualified Institutional Placement (QIP) last week.
04 Aug 2024
Bharti AirtelIndia's top 8 companies lose ₹1.28L crore in market cap
Eight of India's top 10 most valued firms, witnessed a significant drop in their market capitalization (mcap) last week, resulting in a combined loss of ₹1.28 lakh crore.
03 Aug 2024
BusinessSBI's Q1 results: Net profit rises to ₹17,035cr, NPA down
The State Bank of India (SBI), India's largest lender, has reported an increase in its net profit for the first quarter of the current financial year.
31 Jul 2024
National Payments Corporation of IndiaNPCI suspends C-Edge's services after ransomware attack, 200 banks affected
The National Payments Corporation of India (NPCI) has temporarily suspended all retail payment services provided by C-Edge Technologies.
28 Jul 2024
Indian Overseas BankExtension expected for PSU banks to meet SEBI's MPS norms
State-owned banks in India are likely to receive another two-year extension to meet the Securities and Exchange Board of India (SEBI)'s minimum public shareholding (MPS) norms, according to Financial Services Secretary Vivek Joshi.
28 Jul 2024
Adani GroupAdani Group to commission $4 billion PVC project by 2026
Indian multinational conglomerate, Adani Group, is set to commission the first phase of a $4 billion Polyvinyl Chloride (PVC) project by December 2026.
22 Jul 2024
BusinessEarn 7.25% interest on your savings with SBI's new FD
The State Bank of India (SBI) has introduced a new term deposit scheme, Amrit Vrishti, with an attractive annual interest rate of 7.25%.
15 Jul 2024
BusinessSBI hikes lending rates: How your loan EMIs will increase
The State Bank of India (SBI), the country's largest lender, has announced an increase in its marginal cost of funds-based lending rate (MCLR) by up to 10 basis points (0.1%) across select tenures.
05 Jul 2024
Stock MarketSensex closes below 80,000 mark, Nifty ends flat near 24,325
On Friday, major indices of the stock market ended flat with the Sensex settling at 79,996.60 points and the Nifty closing at 24,323.85 points.
04 Jul 2024
Reliance IndustriesSensex witnesses fastest 10,000-point rally led by these 5 stocks
The market capitalization of Sensex saw a significant surge from ₹136.89 lakh crore on December 11, 2023, to over ₹158 lakh crore on July 3.
01 Jul 2024
Stock MarketSensex gains over 440 points, Nifty settles above 24,140 mark
On Monday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.
29 Jun 2024
Indian GovernmentFSIB proposes MD Challa Sreenivasulu Setty as next SBI Chairman
The Financial Services Institutions Bureau (FSIB), an autonomous body under the Indian government, has nominated Challa Sreenivasulu Setty for the position of Chairman of the State Bank of India (SBI).
23 Jun 2024
BusinessSBI to open 400 branches in FY25 across India
State Bank of India (SBI), the nation's largest lender, plans to open 400 new branches across the country in the current fiscal year.
11 Jun 2024
Aditya Birla GroupVodafone Idea secures ₹14,000 crore loan from SBI-led consortium
A consortium of lenders, spearheaded by the State Bank of India, has given a preliminary nod for a ₹14,000 crore loan to Vodafone Idea (Vi).
