State Bank of India (SBI): News
06 Feb 2024
Reserve Bank Of India (RBI)SBI won't raise FD interest rates anytime soon: Here's why
State Bank of India (SBI) chairperson Dinesh Khara has revealed that the bank is unlikely to raise fixed deposit (FD) interest rates in near future.
21 Jan 2024
HDFC BankTop 5 firms' market value declines by Rs. 1.68L crore
Last week, the market value of five leading companies, including HDFC Bank, Reliance Industries, Hindustan Unilever, and State Bank of India, dropped by a staggering Rs. 1.68 lakh crore.
17 Jan 2024
Life Insurance Corporation of IndiaLIC becomes most valued PSU with Rs. 5.64L crore m-cap
Life Insurance Corporation of India (LIC) has once again become the most valuable listed public sector company, overtaking State Bank of India (SBI) in market capitalization.
16 Jan 2024
Union Bank of IndiaUnion Bank surpasses Rs. 1L crore valuation; joins SBI, PNB
Union Bank of India has emerged as the fourth public sector lender to cross the Rs. 1 lakh crore market value.
02 Jan 2024
Bank of India (BOI)BOI introduces special fixed deposit scheme for high-net-worth individuals
Bank of India, a government-owned bank, is ringing in the new year with the launch of its "Super Special Fixed Deposit" scheme.
31 Dec 2023
Stock MarketM-cap of 8 most valued firms surges to Rs. 1,29,000cr
During the recent holiday-shortened week, the combined market valuation of eight of the top 10 most valued Indian companies jumped to Rs. 1,29,899.22 crore.
27 Dec 2023
BusinessSBI hikes FD rates from today: Check tenure-wise interest earnings
Starting today, the State Bank of India (SBI) has hiked its fixed deposit (FD) interest rates for deposits below Rs. 2 crore.
21 Dec 2023
BusinessSBI to sign €200 million LoC with European Investment Bank
The State Bank of India (SBI) revealed plans to sign a €200 million (around Rs. 1,800 crore) Line of Credit (LoC) with the European Investment Bank (EIB) to support climate action initiatives in India.
11 Dec 2023
Income Tax Department of IndiaOver Rs. 350 crore cash seized from Congress MP-linked distillery
The Income Tax Department has so far seized Rs. 353 crore in cash from properties of an Odisha-based distillery group across three states.
10 Dec 2023
Stock MarketMarket cap of 7 top-valued firms rise Rs. 3L crore
Last week, seven of India's top 10 most valued companies saw their combined market value increase by a whopping Rs. 3,04,477.25 crore.
15 Nov 2023
BusinessSBI announces new lending rates: Check tenor-wise interest rates
State Bank of India (SBI), the nation's leading financial institution, has updated its marginal cost of funds-based lending rate (MCLR) starting November 15, 2023.
01 Nov 2023
BusinessSBI raises Rs. 10,000 crore via 15-year tier 2 bonds
On November 1, the State Bank of India (SBI), the nation's leading lender in terms of assets, revealed that it has raised Rs. 10,000 crore through the issuance of tier 2 bonds.
27 Oct 2023
Reliance IndustriesReliance partners with SBI to launch co-branded credit cards
Reliance is gearing up to join the rapidly expanding co-branded credit card sector in India.
26 Oct 2023
Ola ElectricOla Electric raises Rs. 3,200cr to build Lithium-ion cell facility
EV maker Ola Electric has revealed that it has closed a funding round worth Rs. 3,200 crore (about $380 million).
16 Oct 2023
Prashant BhushanSC transfers electoral bond scheme case to Constitution bench
The Supreme Court has referred all public interest litigations (PILs) challenging the validity of the electoral bond scheme to a five-judge Constitution bench.
18 Sep 2023
BusinessSBI customers can now open NRE, NRO accounts through YONO
The State Bank of India (SBI) has launched a digital facility for Non-Resident Indians (NRIs) to open Non-Residential External (NRE) and Non-Resident Ordinary (NRO) accounts using its mobile app, YONO.
14 Sep 2023
BusinessFormer SBI chief Rajnish Kumar joins Mastercard India as Chairman
Former Chairman of the State Bank of India (SBI), Rajnish Kumar, has been appointed as the Chairman of Mastercard India, according to an announcement made by Mastercard today.
12 Sep 2023
Employees Provident Fund Organization (EPFO)NPS, EPFO data shows 5.2cr jobs created in 4 years
A recent State Bank of India (SBI) research report reveals that India has generated over 5.2 crore payrolls in the last four years, with a significant increase in women's participation.
04 Sep 2023
Reserve Bank Of India (RBI)SBI integrates UPI interoperability in eRupee CBDC app
The State Bank of India (SBI) has implemented unified payments interface (UPI) interoperability in its central bank digital currency (CBDC) mobile application called "eRupee by SBI."
02 Sep 2023
Jet AirwaysWho is Naresh Goyal, Jet Airways founder arrested by ED
The Enforcement Directorate (ED) arrested former Jet Airways Chairman Naresh Goyal on Friday in connection with an alleged Rs. 538 crore Canara Bank fraud case.
27 Aug 2023
LICRetirement age extension for LIC, PSB executives proposed
The Centre is currently discussing a proposal to extend the retirement age of top executives at the Life Insurance Corporation (LIC), State Bank of India (SBI), and other public sector banks (PSBs).
04 Aug 2023
BusinessSBI's profit jumps 178% in Q1 to Rs. 16,884 crore
State Bank of India (SBI) has posted a record net profit for the fourth consecutive quarter, with a 178.24% YoY increase to Rs. 16,884.29 crore in Q1 2023.
04 Aug 2023
Stock MarketSensex gains 480 points, Nifty reclaims 19,500 mark
On Friday, the stock market had a bearish opening but the benchmark Sensex and Nifty indices witnessed a surge.
31 Jul 2023
BYJU'SHere's how much Rajnish Kumar earned as SBI chairman
Former State Bank Of India (SBI) Chairman Rajnish Kumar has revealed what his annual income was at the bank, which is definitely raising some eyebrows.
18 Jul 2023
Gautam AdaniHindenburg report false, committee found no regulatory failure: Adani
In a fresh attack on Hindenburg Research, Adani Group Chairman Gautam Adani alleged its report—which accused the conglomerate of stock manipulation and financial irregularities—was a "deliberate and malicious attempt aimed at damaging its reputation."
03 Jul 2023
Unified Payments Interface (UPI)SBI launches revamped YONO app with UPI and cardless withdrawal
State Bank of India's (SBI) YONO app has often been criticized for being unreliable and lacking features. That might change soon.
27 Jun 2023
Gautam AdaniHindenburg report was 'targeted misformation' to earn profit: Adani
In a scathing attack on Hindenburg Research, Adani Group Chairman Gautam Adani said the report, which accused the conglomerate of stock manipulation and financial irregularities, was a combination of "targeted misinformation and discredited allegations" aimed at harming the conglomerate's reputation.
19 Jun 2023
Unified Payments Interface (UPI)UPI has replaced much of the currency in circulation: SBI
Ever since its introduction in 2016, the Unified Payment Interface (UPI) has grown in popularity. Its meteoric rise has made India one of the leaders in digital payments across the world.
23 May 2023
Reserve Bank Of India (RBI)You can start exchanging your Rs. 2,000 notes from today
Anticipating a rush to exchange Rs. 2,000 notes, which begins on Tuesday, numerous banks have reportedly set up dedicated counters, people to manage queues, and enough inventory of lower denomination banknotes.
21 May 2023
Reserve Bank Of India (RBI)No forms, documents needed to exchange Rs. 2,000 notes: SBI
The State Bank of India (SBI) has informed its branches that no form or identity proof documents are required to exchange Rs. 2,000 notes, which the Reserve Bank of India (RBI) withdrew from circulation on Friday.
09 May 2023
SensexSensex closes flat around 61,760, Nifty remains above 18,260 mark
On Tuesday, major indices of the stock market ended flat with the Sensex settling at 61,761.33 points and the Nifty closing at 18,265.95 points.
21 Apr 2023
Odisha70-year-old woman walks barefoot to withdraw pension, video goes viral
A heart-wrenching video has surfaced on social media, showing a 70-year-old woman walking barefoot in scorching heat for several kilometers with the help of a broken chair to collect her old-age pension from a bank.
07 Apr 2023
Adani GroupSBI's m-cap fell the most in Asia-Pacific in Q1 2023
For the State Bank of India (SBI), the first three months of 2023 were tumultuous at best. According to data compiled by S&P Global Market Intelligence, India's largest lender by assets saw a steep fall in market capitalization.
27 Mar 2023
Reserve Bank Of India (RBI)RBI may pause interest hikes, keep 6.5% terminal repo rate
The Reserve Bank of India (RBI) is likely to pause interest rate hikes in the next Monetary Policy Committee (MPC) meeting in April, said State Bank of India (SBI) Research, per ANI.
23 Mar 2023
Vijay MallyaMallya had Rs. 7,500 crore, enough to repay banks: CBI
The multi-crore loan scam involving fugitive Indian businessman Vijay Mallya has taken a new turn.
06 Feb 2023
Congress PartyAdani-Hindenburg row: Congress launches nationwide protest, calls for probe
The Congress on Monday took to the streets nationwide, calling for an impartial investigation into the fraud allegations against Adani Group, which it claimed endangers public savings.
05 Dec 2022
FinanceElectoral bond sales begin in India: How to buy them?
The 24th batch of electoral bonds has gone on sale in India today i.e. December 5.
15 Aug 2022
IndiaHow has Indian Rupee performed against US Dollar since Independence?
India is celebrating 75th year of its Independence and stands at a crossroads of pushing resilient economic growth over the next 25 years.
04 Aug 2022
WalmartLIC, Reliance among Indian companies in Fortune Global 500 list
The Fortune Global 500 is the list of the top 500 corporations in the world based on their revenue. In the 2022 edition of the list published by Fortune magazine, nine companies from India have found their place.
24 Jul 2022
WhatsAppSBI customers can avail banking services via WhatsApp: Here's how
State Bank of India (SBI), India's largest bank, is only a WhatsApp message away. No, we are not joking.
