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SBI Received Rs 8,800 Crore From Government Without Requesting It: CAG Report

DFS infused Rs 8,800 crore into SBI in 2017-18 for credit growth considering it the largest PSB in the country even though there was no demand

28 March 2023

Five Of Top 10-Firms Lose Rs 86,447 Crore In M-Cap; Infosys, TCS, SBI Hit Hard

Reliance Industries continued to rule the top 10 most valued firms chart followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, HDFC, State Bank of India and Bharti Airtel

26 March 2023

Canara Bank

Canara Bank Sells Stake In Russian Joint Venture To SBI For Rs 121 Crore

Canara Bank, in a regulatory filing, said it has received the entire consideration amount equivalent to Rs 121.29 crore on Thursday for the sale of its stake

24 March 2023

Higher Home Loan Rates Of Banks Hurt Affordable Housing, Finds SBI Study

The hike in bank home loan rates in line with the Reserve Bank of India’s (RBI) repo rate increase has made houses in the Rs 30 lakh segment unaffordable for most buyers

28 March 2023

These Banks Provide Free Accident, Life, And Baggage Loss Insurance With Debit Cards

A number of banks offer free insurance coverage with their debit cards, including those on accident, life, baggage loss as well as purchases. Here’s how to activate the insurance covers

25 March 2023

SBI Mutual Fund Launches NFOs Of Two Fixed Term Plans Of 91 And 1,157 Days

The new fund offer of SBI Fixed Maturity Plan (FMP)-Series 81 (1157 Days) will close on March 28, 2023, while the 91-day fixed maturity plan opened on March 23, 2023 and will also close today itself. Minimum investment will...

23 March 2023

RBI To Pause Repo Rate Hike In April, May Continue With “Withdrawal Of Accommodation” Stance: SBI Research

SBI Research added that RBI can continue with withdrawal of accommodation stance as liquidity is now in deficit mode

27 March 2023

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SBI Says Indian Banking Sector Resilient Amid Challenges For Global Banking System

The domestic market remains fairly strong, which should support growth. The corporate sector is likely to see a pick-up as the focus on infrastructure will revive owing to the government’s push, SBI told brokerage firm...

22 March 2023

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20 March 2023
SVB Collapse: 4 Things Indian Bank Depositors, Investors Should Keep In Mind

SVB Collapse: 4 Things Indian Bank Depositors, Investors Should Keep In Mind

While the Silicon Valley Bank collapse is a cause for concern, sticking to your basics and maintaining proper asset allocation will help you weather the storm...


15 March 2023
Here Are Special FDs Expiring By March-End 2023 And Their New Alternatives To Invest In

Here Are Special FDs Expiring By March-End 2023 And Their New Alternatives To Invest In

For those seeking higher interest rates through special fixed deposits, here is a list of such special FDs that are set to expire on March 31, 2023. Since many...


13 March 2023
SBI Mutual Fund Raises Rs 3,600 Crore Through Dividend Yield New Fund Offer

SBI Mutual Fund Raises Rs 3,600 Crore Through Dividend Yield New Fund Offer

The NFO of SBI Dividend Yield Fund was opened during February 20 to March 6, and it will reopen for subscriptions on March 17, the company said in a statement


13 March 2023
Here’s A Look At Some Benefits Available To Women Homebuyers

Here’s A Look At Some Benefits Available To Women Homebuyers

From lower stamp duty to lower rate of interest on home loans, women homebuyers have several things going in their favour


12 March 2023
Yes Bank Stocks May Face Mass Selling As 3-Year RBI-Mandated Lock-In Ends On Monday

Yes Bank Stocks May Face Mass Selling As 3-Year RBI-Mandated Lock-In Ends On Monday

As of December 2022, SBI held 26.14 per cent or 6,050 million shares of Yes Bank; HDFC & HDFC Bank and ICICI Bank held 1,000 million shares each; Axis Bank 600...


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11 March 2023
Make Most Of Recurring Deposits From These Banks To Earn Good Returns On Monthly Savings

Make Most Of Recurring Deposits From These Banks To Earn Good Returns On Monthly Savings

After the Reserve Bank of India hiked the repo rate, many banks have increased the interest rates on recurring deposits. Here’s a comparison of some of the...


09 March 2023
Adani Group Pledges More Shares As It Continues Loan Payments

Adani Group Pledges More Shares As It Continues Loan Payments

The pledge was created a day after Adani Group on March 7 said it has repaid Rs 7,374 crore (over $900 million) loans that were taken pledging shares in four...


09 March 2023
TMC To Raise Risk Exposure Of LIC And SBI, Price Rise, Unemployment In Parliament: O'Brien

TMC To Raise Risk Exposure Of LIC And SBI, Price Rise, Unemployment In Parliament: O'Brien

The TMC will raise in Parliament issues such as LIC and SBI's risk exposure, price rise of essential commodities, unemployment, and misuse of central agencies...


07 March 2023
SBI Ecowrap Shows Growth In Savings And Investments: Report

SBI Ecowrap Shows Growth In Savings And Investments: Report

Due to the weightage given to capital expenditure in recent budgets, the GCF to gross output ratio for public administration ratio reached a new height in...


07 March 2023

"Ill-conceived, Biased, Premature", Says SBI Report On Rajan's Remarks On "Hindu Rate Of Growth"

The report comes within days of former Reserve Bank Governor Raghuram Rajan saying that India is "dangerously close" to the Hindu rate of growth in view of...


07 March 2023
International Women’s Day: 5 Credit Cards For Women

International Women’s Day: 5 Credit Cards For Women

Ahead of International Women’s Day on March 8, here are a few credit cards specifically tailor-made for women that they can use for paying towards expenses,...


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03 March 2023
SBI Offers 7.4% On Two-Year Tenure Non-Callable Deposits Above Rs 15 Lakh

SBI Offers 7.4% On Two-Year Tenure Non-Callable Deposits Above Rs 15 Lakh

The State Bank of India is offering up to 7.40 per cent under the ‘sarvottam’ scheme for deposits between Rs 15 lakh and Rs 2 crore. Senior citizens will...


03 March 2023
SBI To Cut Its Stake In Yes Bank After Lock-In Period Ends: Report

SBI To Cut Its Stake In Yes Bank After Lock-In Period Ends: Report

As of 31st December, SBI, the country’s largest bank, holds 26.14 per cent of stake in Yes Bank and is still the largest single shareholder in the bank


02 March 2023
SBI, LIC Forced To Invest To Save Adani Group, People's Life Savings Put In Danger: Rahul Gandhi

SBI, LIC Forced To Invest To Save Adani Group, People's Life Savings Put In Danger: Rahul Gandhi

Former Congress president Rahul Gandhi Wednesday alleged the State Bank of India and the Life Insurance Corporation of India were forced to make investments to...


28 February 2023
SBI Enters Social Loan Market; Raises $1Billion From Overseas Markets

SBI Enters Social Loan Market; Raises $1Billion From Overseas Markets

The deal is the largest ESG (Environmental, Social and Governance) loan by a commercial bank in the Asia Pacific and the second largest social loan globally


22 February 2023
SBI Allows Bhim-Based Real-Time Payment With Singapore

SBI Allows Bhim-Based Real-Time Payment With Singapore

The inward bilateral remittance between the two countries was around $949 million in 2021 according to the World Bank bilateral remittances matrix, SBI said


22 February 2023
Indian Markets Raised Over Rs 1.52 Lakh Crore In December Via Equity And Debt: Sebi

Indian Markets Raised Over Rs 1.52 Lakh Crore In December Via Equity And Debt: Sebi

Axis Bank mobilised a record Rs 12,000 crore by issuing Basel-III compliant tier-II bonds on a private placement basis in December 2022, Sebi data shows.


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