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The Latest Breaking News from SBI

Russia-Ukraine war: List of key events, day 595

As the war enters its 595th day, these are the main developments.

Al Jazeera

RBI imposes penalty on SBI, Indian Bank, Punjab & Sind Bank

MUMBAI: The Reserve Bank on Monday said it has imposed penalties on three state-owned banks, including SBI and Indian Bank, for violation of various regulatory norms.

The Times of India

Three ambulances donated to Tirumala temple

SBI CGM Naveen Chandra Jha donates three ambulances to Lord Venkateswara's temple. He handed the keys to TTD Executive Officer A.V. Dharma Reddy, with SBI DGM Varadarajulu present.

The Hindu

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SBI launches campaign to create awareness on PMSVANidhi

SBI Hyderabad launches PMSVANidhi campaign to help street vendors access affordable working capital loans. DMD Amit Jhingran and CGM Rajesh Kumar flagged off five PMSVANidhi-branded vehicles to spread awareness of the scheme. Loan up to ₹50,000 available with no collateral. Senior officials present at launch.

The Hindu

HAL stocks soar: BJP attacks Rahul Gandhi for ‘fake’ campaign against PM Modi

NEW DELHI: With the aerospace and defence company Hindustan Aeronautics Limited’s (HAL) shares registering impressive growth, the BJP has hit Congress leader Rahul Gandhi hard for running a campaign against Prime Minister Narendra Modi accusing the latter of weakening the public sector company.

The Times of India

SC dismisses plea against ₹2,000 currency exchange policy

The Supreme Court on Monday dismissed a petition challenging the notifications issued by the Reserve Bank of India (RBI) and the State Bank of India (SBI) permitting the exchange of ₹2,000 currency notes without requirement of any identity proof.

The Hindu

Bangladesh moves beyond dollar to settle trade with India in rupee

Bangladesh is all set to settle trade with India in Rupee from Tuesday, a move to cut their reliance on the American currency, which was involved in nearly 90 per cent of global forex transactions in 2022, The Daily Star reported. Read further on Dynamite News:

Dynamite News

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SBI, India’s biggest bank, rejigs senior leadership to boost dominance

MUMBAI: State Bank of India, the country’s largest lender, is re-jigging its senior leadership positions with at least four key executives getting new roles, according to people familiar with the matter.

The Times of India

SBI launches 34 Transaction Banking hubs nationwide to enhance customer services, drive growth

State Bank of India, launched 34 Transaction Banking Hubs at 21 district centres across the country with an aim to provide quick and efficient Transaction Banking solutions to customers.

Dynamite News

SBI hands over ambulance to Kollam Corporation

A lab with modern facilities was inaugurated at Mundakkal Uraban Family Health Centre set up by the bank spending around ₹10 lakh.

The Hindu

Hassan police recover gold from accused

Hassan Police recovered 1.4 kg of gold worth ₹77.93 lakh from the person, accused of stealing gold ornaments from the SBI branch at Belawadi in Arakalgud taluk.

The Hindu

Gold theft at SBI branch in Arkalgud, attender arrested

A person working as an attender at an SBI branch at Belawadi in Arkalgud taluk of Hassan district has been accused of taking away gold ornaments worth over ₹90 lakh mortgaged by customers.

The Hindu

Regional office of SBI General Insurance Company opened

The Hindu

SBI donates earthmover, battery car to Srisailam temple

The Hindu

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The Hindu

Supreme Court denies immediate intervention in plea challenging ₹2,000 notes' exchange

The Supreme Court on June 9 refused to entertain immediately a plea by advocate Ashwini Upadhyay challenging the notifications issued by the Reserve Bank of India (RBI) and State Bank of India (SBI) permitting the exchange of ₹2,000 currency notes without requirement of any identity proof.

The Hindu

Woman works for a month at bank with fake appointment order

A 26-year-old woman is said to have worked at a nationalised bank in Kalaburagi for a month by submitting a fake appointment order to the bank officials.

The Hindu

Consumer forum in Cuddalore orders SBI to pay ₹2 lakh in compensation for freezing bank account without prior notice

The Cuddalore District Consumer Disputes Redressal Commission has directed the State Bank of India (SBI) to pay a senior citizen ₹2 lakh as compensation for deficiency in service.

The Hindu

Delhi HC reserves order on plea against withdrawal of ₹2,000 currency banknotes

The petitioner submitted that the Reserve Bank of India cannot withdraw from circulation or discontinue banknotes and only the Central Government is vested with such powers

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The Hindu

India extends $1 billion credit line to Sri Lanka by another year

India on May 30 extended its $1 billion credit line to Sri Lanka by another year to help the island nation hit hard by an unprecedented economic crisis procure much-needed food, medicine and other essential items. An agreement was signed between the State Bank of India (SBI) and the Sri…

Dynamite News

Indian economy to surpass 7 per cent growth in FY 23: SBI research report

The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India. Read further on Dynamite News

The Times of India

Indian economy to surpass 7% growth in FY 23: SBI research report

NEW DELHI: The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India.

The Hindu

RBI defends before Delhi HC ₹2,000 banknote exchange exercise

The Reserve Bank of India (RBI) on Tuesday told the Delhi High Court that withdrawal of ₹2,000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience

The Hindu

Don’t allow ₹2,000 banknote exchange without requisition slip, identity proof: PIL petition in Delhi HC

A PIL petition has been filed before the Delhi HC to not allow the exchange of ₹2,000 banknotes without requisition slip and identity proof.

The Times of India

RBI clears SBI Funds to buy up to 9.99% stake in HDFC Bank

MUMBAI: India's HDFC Bank said on Wednesday that the Reserve Bank of India had allowed SBI Funds Management Ltd to acquire a stake of up to 9.99% in the private lender.

The Hindu

SBI home loan customers wait for provisional interest certificate

Though provisional, the estimated repayment towards the principal outstanding and interest component that it gives help determine monthly tax deductions from their salaries.

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