State Bank of India (SBI): News
SBI sells 13% stake in Yes Bank for ₹8,889cr
The State Bank of India (SBI) has sold its 13.18% stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC).
Top 7 Indian firms add ₹1L crore in market value
The combined market capitalization of seven out of the top 10 most valued companies in India surged by ₹1.06 lakh crore last week.
Why SBI signed €100M line of credit with France's AFD
State Bank of India (SBI), the country's largest lender, has signed a €100 million line of credit agreement with Agence Francaise de Developpement (AFD).
Flipkart SBI Card launched in India: What are the benefits?
SBI Card and Flipkart have launched a co-branded credit card, the Flipkart SBI Card.
SBI Card revises card protection plans: How they affect you?
SBI Card has announced a major revision to its Card Protection Plan (CPP) benefits and pricing for existing customers.
Bank of India declares Anil Ambani's loan account as fraudulent
State-owned Bank of India has declared the loan account of Reliance Communications (RCom) as fraudulent.
SBI Card announces reward point changes: How it affects you?
SBI Card has announced major changes for its customers, with reward point changes effective September 1 and CPP migration starting September 16.
UPI transactions in India: Average daily value crosses ₹90,440cr
Unified Payments Interface (UPI) transactions in India have witnessed a massive surge in 2025, according to a recent report by the State Bank of India (SBI).
MTNL fails to repay ₹8,659cr, adds pressure on PSU banks
Indian government-owned Mahanagar Telephone Nigam Limited (MTNL) has defaulted on principal and interest payments to several banks.
Finance Ministry chairs meeting with public-sector banks after record profits
The Indian Finance Ministry has scheduled a meeting with the heads of public sector banks (PSBs) on August 20.
Market cap of India's top 5 firms up by ₹60,676cr
The market capitalization of five out of the top 10 most valued companies in India rose by a whopping ₹60,675.94 crore last week.
Home loan interest rates: How much SBI, HDFC, ICICI charge?
The State Bank of India (SBI), the country's largest lender, has hiked its home loan interest rates.
SBI PO prelims 2025 result coming soon: How to check
The State Bank of India (SBI) is expected to announce the results of the Probationary Officer (PO) Preliminary Exam for the 2025-26 session in late August.
SBI cuts MCLR: Here's how your EMIs may change
The State Bank of India (SBI) has announced a reduction in its marginal cost of funds-based lending rate (MCLR) for select tenures.
SBI launches ₹4L collateral-free loan scheme for Agniveers
The State Bank of India (SBI) has launched a special personal loan scheme for Agniveers, the young men and women recruited under the government's short-term Agnipath program.
SBI hikes charges for IMPS transactions: How it affects you?
The State Bank of India (SBI) has announced a revision in the charges for Immediate Payment Service (IMPS) transactions.
Why SBI has paused transactions for Russia-backed Nayara Energy
The State Bank of India (SBI) has halted trade and foreign currency transactions for Nayara Energy, amid fears of US sanctions after recent tariff hikes.
SBI wants to hire 5,583 Junior Associates: Apply now
The State Bank of India (SBI), the largest public sector bank in the country, has announced a recruitment drive for 5,583 Junior Associates.
RBI has good news for nominees of deceased bank customers
The Reserve Bank of India (RBI) has announced plans to standardize the procedure for settling claims pertaining to bank accounts and safe deposit lockers of deceased customers.
SBI Card is removing certain benefits from these credit cards
SBI Card has announced major changes to its credit card offerings in India, effective August 11.
These credit cards are ideal for frequent travelers in India
If you're a frequent traveler who prefers using a credit card for payments, it's worth investing in one that offers discounts or cashbacks on travel-related expenses.
7 most-valued Indian firms lose ₹1.35L crore, TCS hit hardest
The market capitalization of seven out of the top 10 most valued companies in India has taken a major hit, losing a whopping ₹1.35 lakh crore last week.
RBI likely to cut repo rate in August: SBI report
The Reserve Bank of India (RBI) is expected to announce a 25 basis points (bps) cut in the repo rate during its upcoming Monetary Policy Committee (MPC) meeting from August 5-7.
India's first asset reconstruction firm files IPO papers with SEBI
Asset Reconstruction Company (India) Limited (ARCIL), the first-ever asset reconstruction company (ARC) in India, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
India's first asset reconstruction company files IPO after 20 years
Asset Reconstruction Company India Limited (ARCIL), India's first-ever Asset Reconstruction Company (ARC), has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).
These banks are offering up to 7.2% interest on FDs
As the Reserve Bank of India (RBI) continues to cut repo rates, many banks are following suit by lowering their interest rates on fixed deposits (FDs).
₹67,000cr unclaimed deposits lying with banks: Government
The Indian government has revealed that more than ₹67,000 crore in unclaimed deposits is lying with public and private sector banks.
China's rare earths ban could impact Indian industries, banks: SBI
India's core industrial sectors, including transport, electronics, and machinery, heavily rely on rare earth imports from China.
SBI Cards share price hits 15-week low: What's fueling downturn?
SBI Cards and Payment Services Ltd's shares plummeted over 6% today, hitting a 15-week low of ₹834.75 per stock.
NSDL IPO opens July 30: Everything you need to know
The National Securities Depository Limited (NSDL), India's oldest and largest securities depository, is gearing up for its initial public offering (IPO).
Tata, Google, Infosys are India's most attractive employer brands: Study
Tata Group, Google India, and Infosys have been named the top three most attractive employer brands in India for 2025.
PhonePe, SBI Card launch co-branded credit card: Check the benefits
SBI Card and PhonePe have teamed up to launch a co-branded credit card, called the PhonePe SBI Card.
SBI labels Anil Ambani as 'fraud' once again: Here's why
The State Bank of India (SBI) has flagged Reliance Communications Limited (RCom) and its promoter director Anil D Ambani as 'fraud.'
Market cap of India's top 6 companies down by ₹94,430cr
The combined market capitalization of six out of the top 10 most valuable companies in India fell by ₹94,433.12 crore last week.
SBI shares are up 2% today: What's the reason?
Shares of the State Bank of India (SBI) rose by over 2% during intraday trading today.
SBI Card updates credit card rules: What changes from today
Starting today, SBI Card has introduced new terms for its credit card customers. The changes will affect bill calculations and remove some complimentary insurance covers.
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.