State Bank of India (SBI): News
How government banks are easing burden on savings account holders
In a major policy shift, all public sector banks (PSBs) in India may soon scrap penalties for not maintaining a minimum balance in savings accounts.
Government banks likely to hire 50,000 employees this fiscal
India's public sector banks are gearing up for a massive recruitment drive, with plans to hire around 50,000 new employees in the current financial year.
Market cap of India's top 6 firms down ₹70,326cr
The combined market capitalization of six out of the top 10 most valued companies in India has witnessed a massive erosion of ₹70,325.5 crore last week.
Own SBI credit card? These upcoming rules affect perks, payments
SBI Card has announced major changes in its credit card rules, effective from July 15, 2025.
You can now invest in SBI's mutual funds via WhatsApp
SBI Mutual Fund has launched SmartAssist, an AI-powered conversational assistant on WhatsApp.
Government asks PSU banks to list subsidiaries via IPOs
The Indian government has directed public sector banks to expedite their plans for listing subsidiaries and joint ventures.
Major changes to credit card rules coming in July
Leading Indian banks, such as State Bank of India (SBI), HDFC Bank, and Kotak Mahindra Bank, are set to make major changes in their credit card benefits from July 2025.
Why government banks have to list subsidiaries on stock exchanges
The Ministry of Finance has urged public sector banks (PSBs) to consider monetizing their investments in subsidiaries by listing them on stock exchanges.
SBI Card changes credit card rules: How they affect you
SBI Card has announced certain changes to its credit card terms and conditions in India, effective July 15, 2025.
SBI will now offer wealth management services in Japan
Sumitomo Mitsui Financial Group (SMFG) and SBI Holdings have announced a joint venture to provide wealth management services in Japan.
SBI revises interest rates for 'Amrit Vrishti' FD scheme
The State Bank of India (SBI), the country's largest public sector lender, has reduced the interest rate on its special fixed deposit (FD) scheme "Amrit Vrishti."
Beware! Scammers are misusing SBI's name for fake investment opportunities
India's largest lender, State Bank of India (SBI), has issued a warning over unauthorized advertisements promising stock market tips and investment advice in its name.
M-cap of 4 top-valued firms jumps ₹1L crore, LIC leads
The combined market capitalization of the four top-10 companies increased by ₹1.01 lakh crore this week.
SBI joins Apple, Alphabet in world's most profitable companies list
The country's largest lender, State Bank of India (SBI), has made it to the global list of top 100 companies in terms of net profit.
Yes Bank shares surge nearly 10% today—What's behind the rally?
Yes Bank shares jumped over 9% at market open on Tuesday following reports that Japan's Sumitomo Mitsui Banking Corporation (SMBC) is looking to acquire a controlling stake in the Mumbai-based lender.
SBI Q4 results: Net profit dips 10%, operating profit rises
The State Bank of India (SBI) has reported a 10% decline in its standalone net profit for the fourth quarter of fiscal year 2024-25 (Q4 FY25).
SBI warns users about deepfake videos promoting AI investment platform
The State Bank of India (SBI) has issued a public cautionary notice, warning its customers and the general public about a rise in deepfake scam videos on social media.
Government-owned MTNL defaults on loans worth over ₹8,300cr
Mahanagar Telephone Nigam Limited (MTNL), a state-owned telecom operator in India, has defaulted on loans worth over ₹8,300 crore. The revelation was made in an exchange filing on Saturday.
Planning to invest? Check HDFC, SBI, BOI's latest interest rates
Several leading banks in India, including HDFC Bank, State Bank of India (SBI), and the Bank of India (BOI), have recently slashed their interest rates on deposits.
Vijay Mallya's appeal against bankruptcy order in UK rejected
Indian business tycoon Vijay Mallya has lost his appeal against a bankruptcy order by London's High Court.
₹33L crore loan disbursed under Mudra Yojana; majority beneficiaries women
The Pradhan Mantri Mudra Yojana (PMMY) entered the milestone of its 10th year of implementation on Tuesday.
SBI, IDFC, Axis Bank reduce credit card perks from April
In a major development, leading Indian banks such as State Bank of India (SBI), IDFC First Bank, and Axis Bank are poised to change their credit card rewards and benefits structure.
5 most valued Indian firms lose over ₹93,000cr in m-cap
The cumulative market capitalization of five of the top 10 most valued firms in India has eroded by ₹93,357.52 crore.
Market cap of India's top 7 firms soars ₹2.1L crore
The cumulative market capitalization of seven of the 10 most valued companies in India rose by ₹2,10,254.96 crore last week.
SBI, IDFC First to discontinue key benefits on these cards
Starting April 1, 2025, major changes will come into effect for Club Vistara co-branded credit cards issued by IDFC First Bank and State Bank of India (SBI).
Paytm and SBI launch SIP with minimum investment of ₹250
Paytm has partnered with SBI Mutual Fund to launch the JanNivesh Systematic Investment Plan (SIP).
Little impact on Indian exports from reciprocal US tariffs: SBI
A report by the State Bank of India (SBI) has projected a minimal impact on Indian exports due to potential US tariff reciprocity.
SBI's Q3 results: Net profit surges whopping 84% to ₹16,891cr
State Bank of India (SBI) has posted a stellar 84% year-on-year (YoY) growth in its standalone net profit for the third quarter of FY25.
SBI launches new high-yield FD for citizens 80 and above
The State Bank of India (SBI) has introduced a unique fixed deposit (FD), called the SBI Patrons Fixed Deposit Scheme.
Arundhati Bhattacharya: 'Indomitable working woman' honored with the Padma Shri
Arundhati Bhattacharya's journey perhaps began in 1977 when she joined the State Bank of India (SBI) as a probationary officer at the age of 22.
4 top Indian firms lose ₹1.25L crore in market valuation
Four of India's most valued companies, including Reliance Industries, saw their combined market valuation plummet by a whopping ₹1.25 lakh crore last week.
Who is Rama Mohan Rao Amara, SBI's new Managing Director
Rama Mohan Rao Amara has been appointed as the new Managing Director of the State Bank of India (SBI).
Top 5 Indian firms add ₹1.13L crore to market cap
Five of India's most valuable companies saw a massive jump in their market capitalization last week, adding ₹1,13,117.17 crore in total.
Top 6 Indian companies add ₹2L crore to market cap
The cumulative market valuation of six of the top 10 most-valued Indian companies, saw a major jump last week.
Canara Bank revises fixed deposit interest rates: Check new figures
Canara Bank has revised its fixed deposit (FD) interest rates for amounts less than ₹3 crore, effective December 1, 2024.
Siddarth Kaul joins SBI after retiring from Indian cricket
Former Indian cricketer Siddarth Kaul has taken a new leap in his career after joining the State Bank of India (SBI).
SBI warns of new fraud involving fake CBI, IT officials
The State Bank of India (SBI) has warned its customers about a new kind of fraud.
Sensex soars by 1,800 points: What is driving this rally?
The BSE Sensex has soared 1,792 points today to trade at 78,948, at the time of writing. The NSE Nifty also jumped 531 points to hover around 23,880.
Top 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.
Want 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.
How 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.
What 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.
Market 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.
Minister 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.
Market 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.
Modi 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.
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.
Using 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.
SBI 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.
Nine 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.
Market 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.
Staff strength in PSUs drop, Coal India records biggest decline
The workforce of public sector undertakings (PSUs) has been steadily decreasing over recent years.
SBI 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.
MTNL 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.
Karnataka 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).
Rama 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).
SEBI 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.
SBI 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.
SBI 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.
Who 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).
Top 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.
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.
SBI 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.
Why 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).
SBI 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.
India'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.
SBI'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.
NPCI 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.
Extension 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.
Adani 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.
Earn 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%.
SBI 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.
Sensex 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.
Sensex 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.
Sensex 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.
FSIB 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).
SBI 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.
Vodafone 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).