State Bank of India (SBI): News

SBI enters elite club with ₹8 lakh crore market capitalization 

State Bank of India (SBI) has joined the prestigious ranks of Indian companies with a market capitalization exceeding ₹8 lakh crore.

02 Jun 2024

Bharti Airtel

M-cap of top firms plummet, Reliance Industries suffers major loss

Last week, eight out of the 10 most valued companies in India, saw a significant drop in their combined market capitalization, amounting to a total loss of ₹2,08,207.93 crore.

20 May 2024

HDFC Bank

Private banks surpass PSBs in FY24 net profit growth

Private banks in India have outperformed public sector banks (PSBs) by reporting a higher net profit growth in fiscal year (FY) 2024, as per a Moneycontrol analysis.

19 May 2024

India

Bank of Maharashtra tops public sector banks in FY24 growth

Bank of Maharashtra has outpaced other public sector banks in total business and deposit growth, for the fiscal year (FY) 2024.

16 May 2024

Stock Market

Sensex gains over 670 points, Nifty settles above 22,400 mark

On Thursday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.

15 May 2024

Fixed Deposit

SBI announces increase in fixed deposit interest rates: Check updates

The State Bank of India (SBI) has declared a hike in its fixed deposit (FD) interest rates for certain tenures on retail deposits up to ₹2 crore.

12 May 2024

HDFC Bank

Market cap of top Indian firms plummets by ₹1.73L crore

Last week, six of the top-10 most valued companies in India, experienced a drop in their combined market valuation, with a total loss amounting to ₹1,73,097.59 crore.

09 May 2024

Business

SBI's Q4 profit surges 24% to nearly ₹20,700 crore

The State Bank of India (SBI), the nation's top lender, has announced a 24% increase in net profit for the quarter ending March 31, 2024.

28 Apr 2024

ICICI Bank

SBI, ICICI Bank emerge as top performers in market capitalization

Last week, a significant increase was observed in the combined market capitalization of six out of the ten most valued companies, which rose by ₹1,30,734.57 crore.

14 Apr 2024

Stock Market

Market valuation of 7 Indian firms skyrocketed by ₹59,404 crore

In a week shortened by the Eid-Ul-Fitr holiday, seven of India's ten most valued firms witnessed a combined market valuation surge of ₹59,404.85 crore.

SBI refuses to disclose electoral bonds data despite public availability 

The State Bank of India (SBI) has refused to disclose details about the electoral bonds it provided to the Election Commission of India (ECI).

08 Apr 2024

Sanjay Singh

AAP's Sanjay Singh mounts attack against BJP over electoral bonds

Sanjay Singh, an MP from the Aam Aadmi Party, has accused the Bharatiya Janata Party (BJP) of corruption in relation to electoral bonds.

04 Apr 2024

Rahul Gandhi

Rahul Gandhi's poll affidavit: Assets worth ₹20crore, 18 criminal cases

Congress leader Rahul Gandhi filed his nomination for the 2024 Lok Sabha elections in Wayanad, Kerala, on Wednesday.

01 Apr 2024

Stock Market

Sensex ends above 74,000 mark, Nifty settles near 22,500

On Monday, the stock market had a bearish opening, but the benchmark Sensex and Nifty indices witnessed a surge.

01 Apr 2024

Business

SBI alert: Net banking, YONO, UPI services face outage today

The State Bank of India (SBI) has announced a temporary suspension of several online services today i.e April 1, 2024.

01 Apr 2024

Narendra Modi

'He lied…': Jairam's attack over Modi's statement on electoral bonds

Congress General Secretary Jairam Ramesh on Monday said Prime Minister Narendra Modi has "fully lied to the nation in his latest interview" with Tamil television channel Thanthi TV.

29 Mar 2024

India

Major policy changes for Indian credit card issuers: Details here

As April approaches, significant policy changes are set to impact major credit card issuers in India, including SBI Card, ICICI Bank, and Axis Bank.

24 Mar 2024

Stock Market

BSE benchmark ascends despite declined valuation of top firms

The Bombay Stock Exchange (BSE) benchmark experienced a slight uptick last week, climbing by 188.51 points or 0.25%, signaling a positive trend in the stock market.

23 Mar 2024

Nitin Gadkari

Gadkari reveals Centre's 'good intention' behind electoral bonds scheme

Union Road Transport and Highways Minister Nitin Gadkari has defended the Centre's scrapped electoral bonds scheme, saying the government had "good intentions" when it was introduced in 2017.

Electoral bonds data: Donors can be matched with parties

The Election Commission of India on Thursday uploaded additional data regarding electoral bonds, including party-wise details on the amount redeemed as well as corresponding bank account information.

SBI submits complete electoral bond data to ECI

The State Bank of India (SBI) has filed a compliance affidavit in the Supreme Court, stating that it has disclosed all information on electoral bonds to the Election Commission of India (ECI).

'Don't be selective': SC slams SBI over electoral bonds data

The Supreme Court pulled up the State Bank of India again on Monday directing it to disclose "full details" related to electoral bonds received by political parties without being "selective."

Election Commission releases more data on electoral bonds

The Election Commission of India (ECI) uploaded more data on electoral bonds on Sunday.

17 Mar 2024

Reliance Industries

Reliance leads top 5 firms with significant market cap drop

Over the past week, five of India's top 10 valued companies experienced a combined market capitalization loss of Rs. 2,23,660 crore.

'Lottery King': Meet the highest electoral bonds donor, Santiago Martin 

A 40-year-old man, Santiago Martin, has emerged as the largest purchaser of electoral bonds, according to the data by the Election Commission of India (ECI) on Thursday.

15 Mar 2024

Congress Party

Electoral bonds data: Congress flags discrepancy in entries, recipient files

The Congress has alleged that there is a discrepancy in the donor and recipient files in electoral bonds data shared by the Election Commission of India (ECI).

SC pulls up SBI for 'incomplete data' on electoral bonds

The Supreme Court on Friday pulled up the State Bank of India for not disclosing "complete data" on electoral bonds—which allowed individuals and businesses to donate anonymously to political parties.

Lok Sabha elections: ECI to announce poll schedule tomorrow

The Election Commission of India will announce the voting schedule and results date for the Lok Sabha elections on Saturday.

Electoral bonds case: SBI files compliance affidavit before SC

The State Bank of India (SBI) on Wednesday filed a compliance affidavit in the Supreme Court stating that 22,217 electoral bonds were purchased between 2019 and 2024, out of which 22,030 have been redeemed.

Disclose electoral bonds' details by tomorrow: SC reprimands SBI

The Supreme Court (SC) pulled up the State Bank of India (SBI) on Monday for not complying with its order and missing the March 6 deadline for disclosing electoral bond donor details to the Election Commission.

Electoral bonds case: Supreme Court to hear SBI's request today

The Supreme Court (SC) will hear a plea from the State Bank of India (SBI) seeking more time to file information on electoral bonds on Monday.

07 Mar 2024

Lok Sabha Elections

Contempt plea against SBI for refusing to disclose electoral bonds

The Association for Democratic Reforms (ADR) has approached the Supreme Court (SC), seeking contempt of court action against the State Bank of India (SBI) for "disobeying" its orders regarding electoral bonds (EBs).

SBI urges SC to extend electoral bonds info submission deadline

The State Bank of India (SBI) has asked the Supreme Court to extend the deadline to June 30, to submit information regarding electoral bonds to the Election Commission (EC).

27 Feb 2024

Stock Market

Sensex gains over 300 points, Nifty settles near 22,200 mark

On Tuesday, the benchmark Sensex and Nifty indices showed an upward trend.

Electoral bonds declared 'unconstitutional': Who can get refunds and how

The Supreme Court of India has declared the electoral bond scheme unconstitutional.

SC asks SBI to stop issuing electoral bonds 'immediately'

The Supreme Court on Thursday struck down the Electoral Bonds Scheme (EBS), calling it "unconstitutional."

SC strikes down Electoral Bonds Scheme, calls it 'unconstitutional'

The Supreme Court on Thursday struck down the Electoral Bonds Scheme (EBS) for political funding, saying that it violates the citizens' right to information.

14 Feb 2024

Sensex

Sensex climbs to 71,822 points, Nifty settles above 21,840 mark

On Wednesday, the benchmark Sensex and Nifty indices opened in red but soon reversed the trend.

07 Feb 2024

Stock Market

SBI becomes second PSU company with over Rs. 6T m-cap

Shares of the State Bank of India (SBI) soared over 4% to all-time high of Rs. 675 each, raising its market capitalization above Rs. 6 lakh crore.

07 Feb 2024

Sensex

Sensex closes flat at 72,152 points, Nifty settles at 21,930

The stock market closed on a flat note on Wednesday with the Sensex settling at 72,084.1 points and Nifty ending at 21,930.5 points.