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The Latest Breaking News from SBI

Electoral bonds disclosure | Contempt plea moved against SBI for not disclosing details yet

SBI plea on electoral bonds: NGO challenges SBI's extension plea for electoral bond disclosure in Supreme Court, contempt proceedings sought by ADR.

The Hindu

‘Wilfully disobeyed’ SC directions: Contempt plea against SBI over electoral bonds

A contempt petition has been filed in the Supreme Court against the State Bank of India after it reportedly missed the March 6 deadline to disclose information about electoral bonds purchased and encashed since 2019, LiveLaw reported.

Newslaundry

Electoral bonds scheme | Modi government using SBI as a “shield” to hide dubious deals: Kharge

The Congress on March 5 attacked the Centre over the State Bank of India (SBI) moving the Supreme Court to seek more time to disclose electoral bond details, alleging that the Modi government is using the largest bank of the country as a shield to hide its “dubious dealings”.

The Hindu

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Morning Digest | ‘My country is my family,’ PM Modi hits out at dynasty politics; France becomes first nation to make abortion a constitutional right; and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on March 05, 2024

The Hindu

ADR says it will oppose SBI plea on electoral bonds

State Bank of India moved the Supreme Court seeking an extension of time till June 30 to disclose details of each electoral bond encashed by political parties

The Hindu

Ram temple in Ayodhya receives donations of around ₹25 crore

Anil Mishra, trustee of the Ram temple trust, said that for the valuation of gold and silver jewellery and precious materials received as gift to Ram Lalla, their melting and maintenance has been handed over to the Government of India Mint.

The Hindu

Vexed with ‘govt. apathy’, Andhra Pradesh Unemployed JAC plans State-wide ‘Odarpu Yatra’

Vexed with what they call ‘a prolonged indifference on the part of the Andhra Pradesh government towards the lakhs of unemployed youth,” leaders of Andhra Pradesh Nirudyoga Joint Action Committee have decided to embark on a “Nirudyoga Odarpu Yatra” across the State.

The Hindu

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Ban on India’s electoral bonds: How will it affect 2024 election?

While transparency advocates and opposition leaders say ban is a big win for democracy, Modi’s BJP remains confident.

Al Jazeera

Why did the Supreme Court strike down the electoral bonds scheme? | Explained

Electoral Bonds scheme: The Hindu decodes the key takeaways from the verdict ranging from donor privacy to the scope of the right to information

The Hindu

SC to deliver verdict on validity of electoral bonds scheme

The Supreme Court is scheduled to pronounce its verdict on Thursday on a batch of petitions challenging the validity of the electoral bonds scheme. Read further on Dynamite News:

Dynamite News

SBI extends helping hand to school, PHC

The Hindu

North Carolina man settles for millions after wrongful conviction, 44 years in prison

The settlement, which will end a wrongful incarceration lawsuit filed by attorneys for Ronnie Wallace Long, also included a public apology from the city of Concord for its role in his imprisonment.

WEKU

In $25M settlement, North Carolina city `deeply remorseful' for man's wrongful conviction, prison

Lawyers for a man wrongfully convicted and imprisoned for 44 years say he's reached a $25 million combined settlement with a central North Carolina city and the state of North Carolina

The Independent UK

Bank achieve 80% annual crop loan target in first half of FY24

Telangana banks disbursed ₹35,023 crore crop loan in first 6 months of fiscal, achieving 79.48% of annual target.

The Hindu

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The Hindu

SBI-led consortium to finance Auro Infra’s ₹3,000-crore gateway port in Kakinada SEZ

SBI-led consortium to provide ₹3,000 crore loan for Kona gateway port on Kakinada coast, expected to be commissioned by mid-2025.

The Hindu

Belagavi IT company detects online scam targeting State Bank of India users

Safety recommendations comprising an SMS/email/WhatsApp message with a tone of urgency should be dealt with extreme caution. This is true, especially in the case of any message from the bank. Always reach out directly to the bank and verify suspicious messages and emails before taking any action.

Dynamite News

Odisha: I-T raids enter sixth day at the premises linked to Congress MP Dheeraj Sahu

The Income Tax raids entered the sixth day at the premises of Baldev Sahu Infra Pvt Ltd company at Sudpada in Balangir, Odisha. The company is allegedly linked to Congress Rajya Sabha MP Dheeraj Sahu. Read further on Dynamite News:

The Hindu

Cash seizures from entities owned by Congress MP to be more than ₹350 crore

I-T dept. in Odisha seized ₹350 crore cash from distillery units. SBI Balangir branch counted ₹305 crore, Titlagarh ₹11 crore & Sambalpur ₹37.5 crore. This is the highest ever cash seizure in a single case. I-T officials will connect dots to source of cash from distillery promoters. Union Minister Pradhan…

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The Hindu

SBI deploys mobile ATM services in flood-hit areas

SBI deploys 7 mobile ATM vans in flooded areas of Chennai; internet banking & SBI Yono app functioning smoothly. #ATM #InternetBanking #SBIYono #Chennai

The Hindu

Income Tax raids continue at premises linked to Congress MP Dhiraj Sahu

The amount of money recovered from Sudapara is being counted, an official said, adding it is expected to be over ₹50 crore.

The Hindu

SBI donates bicycles, wheel chairs to mark Ambedkar’s death anniversary

SBI Vijayawada zonal office marked 67th death anniversary of B. R. Ambedkar by donating bicycles worth ₹1.5 lakh to schoolgirls in Tirupati and wheelchairs to an orphanage. Officials wanted to assist girls walking 14 kms daily to school. GM Om Narayana Sharma recalled Ambedkar's contribution to social justice and empowerment…

The Hindu

Calicut varsity decision to shift funds to State treasury riles staff, teachers’ unions

Univ. of Calicut Syndicate's decision to transfer fixed deposits to State Treasury riles Congress-affiliated staff & teachers' unions. KPCTA claims move affects autonomy & interest rate is lower than SBI. Funds shortage may delay salary & pension, increase fees & affect exams. Syndicate member claims decision is safer & beneficial.

The Hindu

ED arrests Managing Director of Heera Group in money laundering case

ED arrests Heera Group MD A. Abdul Rasheed in Kerala money laundering case; he was set to be produced before PMLA court in Kochi. ED registered case in 2021 based on CBI FIR alleging fund diversion causing ₹15 crore loss to SBI.

The Hindu

SBI officials promise to protect interests of customers after gold disappeared from Gara branch of Srikakulam district in Andhra Pradesh

SBI officials take measures to restore customers' confidence in Srikakulam branch after gold worth ₹4.07 cr goes missing. Bank officials held meetings with customers, promised to return jewellery pledged with them & assured no customer would suffer loss. Police investigation underway.

Dynamite News

Delhi court rejects bank's suit for recovery against a dead man

A Delhi court rejected the suit for recovery filed by the State Bank of India (SBI) against a person who had already passed away two years prior to filing the suit. Read further on Dynamite News:

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