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The Latest Breaking News from State Bank of India

Manager approved employee’s medical leave, but company declared he quit without notice and demanded 3 months salary; Patna HC orders to restore his job

Patna High Court has quashed the State Bank of India’s decision to treat an employee as having voluntarily vacated his service after prolonged medical absence. Justice Harish Kumar found that the bank had failed to properly examine his medical records and earlier leave approval. The court ordered reinstatement with continuity…

The Economic Times · 2h ago

PC Jeweller shares soar 26% in just two sessions. Here’s what’s triggering the sharp surge

PC Jeweller shares rallied 26% in two sessions after Cupid promoter Aditya Kumar Halwasiya bought 5.10 crore shares worth Rs 73.60 crore. The jewellery maker recently repaid its dues to 14 consortium banks, achieving debt-free status ahead of schedule.

The Economic Times · 3h ago

Mcap of nine of top-10 most valued firms surges by Rs 3.65 lakh cr; TCS shines

Nine of the top ten most valued firms saw a substantial increase in market valuation last week. The BSE Sensex surged over two thousand points while the Nifty experienced significant growth. TCS, Bharti Airtel, and Infosys led the gains alongside other major firms like Reliance Industries and HDFC Bank. In…

The Economic Times · Oct 18

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SBI helped save YES Bank, Japan came aboard, and now an ₹8,415-crore ghost is crashing its comeback

YES Bank’s ₹8,415-crore AT1 bond write-off, carried out during its 2020 reconstruction, has returned to the spotlight after the Supreme Court upheld a ruling quashing the decision. The verdict could have implications for the lender’s capital position, earnings and bondholders, with the eventual financial impact depending on how the ruling…

The Economic Times · Oct 16

SBI increases home loan rates: How your Rs 30 lakh to Rs 1 crore home loan EMIs can be impacted; see calculations

In response to a recent 25 bps hike, the State Bank of India has updated its home loan interest rates. Those linked to the External Benchmark Linked Rate will need to revise their equated monthly installments. Borrowers can mitigate the impact through options like adjusting EMIs or extending the loan…

The Economic Times · Oct 16

Bank failed to pay Rs 100 for insurance renewal, family's Rs 2 lakh claim rejected after son's death; SBI ordered to pay Rs 2.1 lakh

A consumer commission in Aligarh has directed State Bank of India (SBI) to pay Rs 2 lakh to a woman whose son died after the bank failed to deduct a Rs 100 insurance renewal premium despite sufficient funds in his account. The insurer had denied the claim, saying it had…

The Economic Times · Oct 15

Higher EMIs ahead on SBI loans: State Bank of India revises lending interest rates; Check latest EBLR, RLLR and MCLR rates

In response to the recent uptick in the repo rate, State Bank of India has elevated its External Benchmark-linked Rates and the Repo Linked Lending Rate. As a result, borrowers can anticipate an increase in their equated monthly installment payments. However, the MCLR rates have only seen adjustments across various…

The Economic Times · Oct 15

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A $6 bn deal signals major appetite for the India prize as global giants look to deepen exposure

The sale of a controlling stake in IDBI Bank for around $6 billion is being viewed a pivotal moment in India's banking reform journey. The transaction received attention from a variety of global investors, highlighting their confidence in the nation's financial ecosystem. Experts predict this move may open doors to…

The Economic Times · Oct 15

IDBI Bank shares rally 13%, market value swells by Rs 11,460 crore amid muted market. What lies ahead?

IDBI Bank shares surged nearly 13%, adding over Rs 11,460 crore to its market capitalisation amid progress in the privatisation process. The bank reported strong Q2FY27 business growth, while JM Financial highlighted loan growth, deposit mobilisation and margin pressures across the banking sector.

The Economic Times · Oct 14

'Earn 30% monthly': SBI warns how fraudsters can lure you with tempting offers and what you should do

Fraudulent investment schemes lure investors with the illusion of high returns and minimal risk. The State Bank of India (SBI) warns that scammers often apply undue pressure for quick investments, employing unusual payment methods to do so. These deceitful schemes are commonly endorsed by unknown social media influencers, giving them…

The Economic Times · Oct 13

5-year FD vs NSC calculator: Check maturity senior citizens can get on Rs 2.5 lakh investment in NSC and FDs from SBI, HDFC Bank, PNB, ICICI Bank and others

For senior citizens eyeing steady income, evaluating National Savings Certificates against bank fixed deposits is crucial. Investing Rs 2.5 lakh in NSC yields a more favorable maturity amount than many bank FDs.

The Economic Times · Oct 13

SBI Research calls for abolition of LTCG tax on equities to boost foreign capital inflows

According to SBI Research, removing the long-term capital gains tax on equities could revitalize investment levels. The report emphasizes extending the holding period to two to three years as a strategy to boost investor morale. Faced with foreign portfolio outflows, the need for policy reforms is clear.

The Economic Times · Oct 13

SBI Jeevan Pramaan submission process: Different ways how SBI pensioner account holders can submit life certificate

Pensioners who rely on the State Bank of India for their pensions have several options to submit their life certificates. Those who are 80 years old or older should do so in October 2026, while others can submit theirs between November 1 and 30. For ease, submissions can be made…

The Economic Times · Oct 12

Bank customer spots huge unknown deposit in account, receives a call pressuring to return it immediately, ends up approving even higher amount; warns SBI

State Bank of India (SBI) has warned customers about the ‘Jumped Deposit Scam’, in which fraudsters use unexpected bank credits and urgent refund calls to pressure people into approving larger UPI payments. The bank has advised customers to verify transactions, avoid suspicious payment requests, block suspected callers and report incidents…

The Economic Times · Oct 12

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The Economic Times · Oct 12

PC Jeweller shares jump 5% to fresh 52-week high, market value swells by Rs 2,500 crore in 4 sessions

PC Jeweller shares hit a fresh 52-week high, extending a four-session rally to 20%. The stock has gained 64% in 2026 so far, supported by renewed investor optimism after the company repaid its outstanding debt ahead of schedule and achieved debt-free status.

The Economic Times · Oct 12

Will RBI’s CRR hike to 99% hit HDFC, SBI and other bank stocks? Here’s what Jefferies says

The RBI has raised the minimum daily CRR maintenance requirement to 99% from 90% from October 16 to curb banking system liquidity. Jefferies expects a limited impact on banks’ net interest margins, estimating a potential 1-2 basis point increase in funding costs. It prefers banks over NBFCs in a rising-rate…

The Economic Times · Oct 8

Deposit rate hikes unlikely for 3 months; RBI action to help NIMs: SBI chairman C S Setty

State Bank of India Chairman C S Setty stated there will be no deposit rate hikes for the next three months. He cited sufficient liquidity in the system as a key reason for this prediction. Setty mentioned that credit growth is expected to sustain at 14 to 15 percent over…

The Economic Times · Oct 7

Highest senior citizen FD interest rates after RBI repo rate hike: Public vs private vs small finance bank rates of 3 and 5-year fixed deposits

The Reserve Bank of India raised the repo rate to 5.50% in its recent Monetary Policy Committee meeting. Subsequently, banks are likely to adjust their fixed deposit interest rates for both new and existing customers. P

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The Economic Times · Oct 5

SBI FD calculator: What Rs 1 lakh investment in fixed deposit can give you in 1, 3, 5 and 10 years?

SBI FD interest rate: Investors frequently look to calculate the maturity amounts for their fixed deposit investments with the State Bank of India. Factors such as tenure and current interest rates play significant roles in these calculations.

The Economic Times · Oct 3

FD rates up to 8.50% for senior citizens on 5-year deposits; Check the list of banks

FD interest rate for senior citizents: Senior citizens can take advantage of attractive fixed deposit interest rates from various banking institutions. For instance, Suryoday Small Finance Bank shines by offering an impressive 8.50% on five-year fixed deposits, while DCB Bank provides a commendable 8%.

The Economic Times · Oct 1

Are banks open tomorrow on October 2 for Gandhi Jayanti? Check government, private bank holiday status

Banks will be closed across India on October 2, 2026, as branches observe Gandhi Jayanti, including SBI and banks in the public, private, foreign and cooperative sectors. While customers will not have access to in-person branch services on the national holiday, digital facilities such as UPI, NEFT, RTGS, mobile and…

The Economic Times · Oct 1

Saturday bank holiday: Has government declared all Saturdays as holidays for SBI and other public sector banks? PIB says this

A fraudulent gazette notification has been making the rounds, erroneously stating that every Saturday has been declared a public holiday for public sector banks. The Press Information Bureau has clarified that these claims are baseless and not sanctioned by the Ministry of Finance. According to the Reserve Bank of India,…

The Economic Times · Sep 28

JPC on FCRA Amendment bill to hold second meeting tomorrow

The Joint Parliamentary Committee is preparing for its second meeting to discuss the Foreign Contribution (Regulation) Amendment Bill, 2026. Members will receive briefings from officials of the Ministries of Home Affairs and Law and Justice. Stakeholders, including the State Bank of India Chairman, will also share their views during the…

The Economic Times · Sep 25

Are all banks open on Sunday, September 27, 2026? Check status ahead of three-day bank strike

Customers can visit public sector banks and Regional Rural Banks on September 27, as they will remain operational ahead of the impending strike from September 28 to 30. The State Bank of India has confirmed that their branches will be accessible this Sunday. It's recommended that customers rely on digital…

The Economic Times · Sep 25

SBI ATM charges to be waived during proposed bank strike of September 28-30: What customers need to know

As the nation prepares for a bank strike from September 28 to September 30, 2026, the State Bank of India has decided to eliminate ATM charges for transactions during this time. Although branches will continue to operate, customers should prioritize completing necessary transactions beforehand and consider using digital banking options.

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