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The Latest Breaking News from SBI

All twice mucked up: Gujarat man gets double cut

AHMEDABAD: A glitch in an ATM transaction wherein a man's account was debited of Rs 20,000 despite the fact that his first attempt to withdraw Rs 10,000 failed has led to a legal battle between two banks – the Bank of India (BOI) and the State Bank of India (SBI)…

The Times of India

India created 146 lakh payroll in FY22; formalisation rate at 8%: Report

NEW DELHI: Bucking the slump created by Covid-19 pandemic since the past 2 years, India created 146 lakh payroll in financial year 2021-22, a report by State Bank of India (SBI) economists showed on Friday.

The Times of India

SBI economists peg Q4 GDP growth at 2.7%, FY22 expansion at 8.5%

MUMBAI: Upcoming release of official data for economic performance is likely to register a 2.7 per cent growth for the January-March period, and the FY22 growth is expected to be 8.5 per cent, economists at SBI said on Thursday.

The Times of India

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Explained: Why inflation in India will take time to moderate even after rate hikes

NEW DELHI: At a time when major economies are bracing up with measures to control soaring prices of essential commodities, a report by State Bank of India (SBI) economists cautioned that India's inflation internals are much different than those of advanced economies like the US.

The Times of India

Business: SBI raises lending rate by 0.1%; EMIs to go up

The State Bank of India (SBI) has raised its marginal cost of funds based lending rate by 10 basis points or 0.1 per cent across all tenures leading to an increase in EMIs for borrowers. Read morw on Dynamite News:

Dynamite News

‘Fintech the way forward for banking’

SBI deputy MD addresses IEM Economic Summit 2022

The Hindu

Raleigh police kill man after he sets cars on fire, throws Molotov cocktails at officers

RALEIGH, N.C. — Raleigh police said a man died Saturday after four police officers shot him outside of a police station in Southeast Raleigh.

Tribune News Service

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Tata Motors reappoints former SBI chairman Om Prakash Bhatt as Additional Director

Tata Motors has reappointed former SBI Chairman Om Prakash Bhatt as Additional Director till March 7, 2026. Read more on Dynamite News

Dynamite News

Markets continue to fall for 2nd day; Sensex declines 85 points

Titan, Wipro, Tech Mahindra, Infosys, Maruti, Asian Paints, Larsen & Toubro, and SBI were among the major laggards, and NSE Nifty declining by 33.45 points or 0.20% to close at 17,069.10

The Hindu

Ex-Telangana MLA’s son, relative booked for duping SBI

Hyderabad

The Hindu

Ex-SBI treasury branch manager booked for Rs 1.89 crore fraud

PANAJI: The Crime Branch of Goa Police booked former State Bank of India (SBI) treasury branch, Panaji, bank manager Rakesh Kumar for allegedly siphoning off funds from the bank to the tune of Rs1.89 crore.

The Times of India

Hyderabad: SBI staffer cons woman of Rs 45 lakh

HYDERABAD: Gopalapuram police on Saturday arrested an outsourcing employee of SBI for siphoning off 45 lakh from the account of a 75-year-old customer.

The Times of India

Teen murder suspect found dead despite 24-hour video surveillance

Jessica Cheyenne Nichols faced charges of first-degree murder and robbery with a dangerous weapon

The Independent UK

SBI, BoB, others hike lending rates by up to 0.1%; EMIs to go up

NEW DELHI: EMIs for home, car and personal loans are set to go up for existing borrowers, with State Bank of India (SBI) and other major lenders including Bank of Baroda (BoB), Axis Bank and Kotak Mahindra Bank increasing their benchmark lending rates by up to 0.10 per cent.

The Times of India

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Dynamite News

Business: SBI hikes lending rate by 0.1 pc; EMIs to go up

The country's largest lender State Bank of India (SBI) has raised its marginal cost of funds based lending rate (MCLR) by 10 basis points (bps) or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers. Read more on Dynamite News:

The Times of India

SBI hikes lending rate by 10 basis points; EMIs to go up

NEW DELHI: The country's largest lender State Bank of India (SBI) has raised its marginal cost of funds based lending rate (MCLR) by 10 basis points (bps) or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers.

The Times of India

Rajasthan: CBI to probe Rs 11 crore missing coins from Karauli SBI

NEW DELHI: The CBI has taken over the probe into the case of coins worth Rs 11 crore going missing from the vaults of the SBI branch in Mehandipur Balaji, officials said on Monday.

The Times of India

Bengaluru: Thieves steal ATM with Rs 12 lakh, dump it 2km away

BENGALURU: Unidentified thieves took away a PSU bank's automated teller machine (ATM) containing Rs 12 lakh cash and dumped the machine after extracting the money at a graveyard near Tavarekere in high drama that spanned 2km area and 8-10 hours.

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The Times of India

SBI to hire consultant to explore business potential in EV charging space

NEW DELHI: Amid the government's thrust on electric vehicles (EVs), the country's largest lender SBI has decided to hire a consultant to explore the business potential of digital payments in EV charging space.

The Times of India

RBI may hike repo rate by 25 bps in June: Report

MUMBAI: With the Reserve Bank of India prioritising inflation over growth, the repo rate is likely to be hiked by at least 25 basis points in June, SBI's Ecowrap report said on Wednesday.

The Times of India

SBI economists suggest reforms to incentivise regional rural banks

MUMBAI: House economists at the State Bank of India (SBI) have called for a slew of reforms to incentivise regional rural banks, including granting them on-tap licence for conversion into Small Finance Banks (SFBs).

The Times of India

Five held for taking nearly Rs 3 crore loans by mortgaging fake gold, 14 still at large

AGRA: A group of five people, including two women, who had allegedly defrauded four different branches of State Bank of India (SBI) and Canara Bank in Mathura by taking loans worth Rs 2.80 crore after mortgaging fake gold, were arrested on Thursday. However, 14 people are still at large.

The Times of India

Five held for taking nearly Rs 3-crore loans by mortgaging fake gold in Mathura

The Hindu

Displaying Ambedkar portrait in a bank without permission does not warrant removal from service: HC

Court orders reinstatement of the workman in service, but without back wages

The Hindu

52 SBI branches in Andhra Pradesh to be open today, tomorrow

Commissioner and Inspector-General, Registration and Stamps Department, V. Ramakrishna, has said that arrangements have been made to open some branches of State Bank of India (SBI) on March 26 and 27 (being holidays) for the convenience of the public for doing registrations.

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