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State Bank of India (SBI): News

07 Jul 2025
Canara Bank

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.

06 Jul 2025
Punjab National Bank

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.

06 Jul 2025
HDFC Bank

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.

02 Jul 2025
Business

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.

02 Jul 2025
WhatsApp

You can now invest in SBI's mutual funds via WhatsApp

SBI Mutual Fund has launched SmartAssist, an AI-powered conversational assistant on WhatsApp.

30 Jun 2025
Canara Bank

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.

29 Jun 2025
HDFC Bank

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.

29 Jun 2025
Ministry of Finance

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.

16 Jun 2025
HDFC Bank

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.

16 Jun 2025
Japan

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.

14 Jun 2025
ICICI Bank

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."

02 Jun 2025
WhatsApp

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.

01 Jun 2025
Bharti Airtel

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.

13 May 2025
Apple

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.

06 May 2025
HDFC Bank

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.

03 May 2025
Business

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).

22 Apr 2025
Indian Government

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.

19 Apr 2025
Indian Government

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.

14 Apr 2025
HDFC Bank

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.

09 Apr 2025
Vijay Mallya

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.

08 Apr 2025
Ministry of Finance

₹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.

25 Mar 2025
Axis Bank Ltd

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.

16 Mar 2025
Infosys

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.

09 Mar 2025
Reliance Industries

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.

03 Mar 2025
Business

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).

17 Feb 2025
Paytm

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).

17 Feb 2025
United States of America

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.

06 Feb 2025
Business

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.

29 Jan 2025
Business

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.

27 Jan 2025
India

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.

26 Jan 2025
Reliance Industries

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.

18 Dec 2024
Business

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).

15 Dec 2024
Bharti Airtel

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.

08 Dec 2024
HDFC Bank

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.

05 Dec 2024
Canara Bank

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.

03 Dec 2024
Indian Premier League (IPL)

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.

22 Nov 2024
Adani Group

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.

17 Nov 2024
HDFC Bank

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.

16 Nov 2024
Bank of Baroda

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.

13 Nov 2024
Indian Government

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.

04 Nov 2024
Cybersecurity

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.

27 Oct 2024
Bharti Airtel

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.

27 Oct 2024
Bengaluru

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.

20 Oct 2024
HDFC Bank

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.

14 Oct 2024
Indian Government

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.

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
Business

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.

06 Oct 2024
Business

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.

06 Oct 2024
HDFC Bank

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.

29 Sep 2024
Reliance Industries

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.

21 Sep 2024
Coal India

Staff 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 Committee

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.

11 Sep 2024
Ministry of Finance

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.

05 Sep 2024
Karnataka

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).

02 Sep 2024
Narendra Modi

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.

01 Sep 2024
Fastag

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.

01 Sep 2024
Gross Domestic Product

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.

28 Aug 2024
Gyanendra Pandey

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).

25 Aug 2024
Reliance Industries

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.

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
Business

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.

14 Aug 2024
Karnataka

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).

04 Aug 2024
Adani Group

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.

04 Aug 2024
Bharti Airtel

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.

03 Aug 2024
Business

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.

28 Jul 2024
Indian Overseas Bank

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.

28 Jul 2024
Adani Group

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.

22 Jul 2024
Business

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%.

15 Jul 2024
Business

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.

05 Jul 2024
Stock Market

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.

04 Jul 2024
Reliance Industries

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.

01 Jul 2024
Stock Market

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.

29 Jun 2024
Indian Government

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).

23 Jun 2024
Business

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.

11 Jun 2024
Aditya Birla Group

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).