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The Latest Breaking News from SBI

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

The Hindu

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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…

The Hindu

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

Dynamite News

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 Times of India

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

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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 Hindu

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 Times of India

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.

The Hindu

Lenders maintain Adani Enterprises' credit limits despite Hindenburg report allegations

NEW DELHI: A group of lenders, led by the State Bank of India (SBI) conducting an annual review of Adani Enterprises Ltd (AEL), have decided to maintain the credit limits previously sanctioned for Gautam Adani's flagship company, the Economic Times reported quoting two sources on Tuesday.

The Times of India

The ultimate Netflix ‘Outer Banks’ guide to the show’s real-life North Carolina references

RALEIGH, N.C. — North Carolina is no stranger to onscreen depictions, but perhaps no show has drummed up as many jokes or questions as “Outer Banks.”

Tribune News Service

Economic growth likely at 4.6% in December quarter: SBI economists

MUMBAI: Economists at the State Bank of India (SBI) have projected a GDP growth of 4.6 per cent for the December quarter, citing that as many as 30 high frequency indicators are not as robust as they were in the previous quarters.

The Times of India

Sensex, Nifty decline for 2nd day on selling in FMCG, steel stocks

MUMBAI: Benchmark equity indices sensex and Nifty closed lower for a second straight day on Tuesday due to selling in FMCG, metal and auto shares ahead of the RBI monetary policy.

The Times of India

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The Times of India

Nirmala Sitharaman assures investors, RBI says keeping vigil: Top developments in Adani-Hindenburg row

NEW DELHI: After 6 days of market rout, few of the Adani Group stocks rebounded on Friday after French energy company TotalEnergies' positive sentiment on the firm.

The Times of India

Banking sector remains resilient and stable, says RBI

NEW DELHI: The Reserve Bank of India (RBI) on Friday said that the Indian banking sector remains resilient and stable.

The Times of India

SBI's total exposure to Adani Group at Rs 27,000 crore; none against shares

MUMBAI: SBI's total exposure to the embattled Adani Group is 0.88 per cent of the book or about Rs 27,000 crore, and the country's largest lender does not envisage any setback on its bets, a top official said on Friday.

Reuters

Ukraine probing senior military officials for suspected corruption

Ukrainian authorities are investigating senior military officials in two separate cases of suspected corruption, officials said on Thursday, part of a crackdown on wrongdoing before talks with European Union leaders.

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The Times of India

SBI has $2.6 billion of loans to Gautam Adani

MUMBAI: State Bank of India, the country’s largest financier, has given loans of as much as $2.6 billion to companies in the Adani conglomerate, or about half of what is allowed under the rules, according to a person familiar with the matter.

The Guardian - UK

Head of Kyiv tax authority accused of multimillion-dollar fraud

One of unnamed woman’s four homes raided along with home of former Zelenskiy ally amid president’s crackdown on corruption

The Times of India

SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI

MUMBAI: TThe Reserve Bank of India (RBI) announced on Monday that State Bank of India (SBI), ICICI Bank, and HDFC Bank are still considered Domestic Systemically Important Banks (D-SIBs).

Tribune News Service

Mark Meadows and wife won’t face charges in voter fraud case, NC attorney general says

RALEIGH, N.C. — Attorney General Josh Stein announced Friday afternoon he won’t seek to charge Mark Meadows or his wife, Debra, with voter fraud.

The Independent UK

Surveillance footage shows last known movements of missing 11-year-old Madalina Cojocari

Mother reported child missing ‘after repeated contact’ with school officials

The Independent UK

FBI searches lake in hunt for missing 11-year-old whose parents didn’t report her missing for three weeks

Madalina Cojocari has not been seen since the evening of 23 November when she was spotted at her home in Cornelius, North Carolina

The Times of India

SBI board approves raising Rs 10,000 crore capital via bonds

NEW DELHI: State Bank of India (SBI) on Wednesday said its board has approved Rs 10,000 crore capital raising plan through Tier I bonds.

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