Get all your news in one place.

100's of premium titles.
One app.

Start reading

Get all your news in one place.

100's of premium titles. One news app.

Start reading

The Latest Breaking News from SBI

DeFi veteran Gauntlet raises $125 million from Japanese financial giant SBI Holdings

The Japanese conglomerate has made bets on other crypto protocols, including the lender Morpho and the blockchain Arc.

Fortune

SBI Funds Management IPO: What portion is reserved for SBI's 38 lakh shareholders?

SBI Funds Management's Rs 11,693-crore IPO has earmarked up to 1.3 crore shares worth nearly Rs 750 crore for eligible SBI shareholders. The offer opens on July 14, with over 38 lakh SBI shareholders eligible to apply under the reserved category, subject to meeting the company's eligibility criteria.

The Economic Times

SBI Funds Management IPO: GMP and other key details investors should know about Rs 11,693 crore offer

SBI Funds Management’s Rs 11,693-crore IPO has drawn investor attention ahead of its opening, with grey market trends indicating a potential listing price of around Rs 644, a premium of nearly 13% over the upper price band. The IPO is set to be the largest of 2026 so far, though…

The Economic Times

From analysis to the latest developments in health,
read the most diverse news in one place.

State Bank of India draws over $1.5 billion in forex deposits

State Bank of India has raised over $1.5 billion from overseas citizens. This program offers attractive returns due to Reserve Bank of India subsidies. Depositors can leverage funds, earning more than their borrowing costs. Banks are expanding outreach to India's large diaspora globally. This initiative echoes a similar plan from…

The Economic Times

SBI’s 15-paise bet: How India's largest bank is turning a tiny cost into mindboggling 382,567% profit

SBI and Amundi India Holding are set to earn combined profits of about Rs 11,658 crore from the Rs 11,693 crore IPO of SBI Funds Management, India's biggest IPO of 2026 so far. The issue, priced at Rs 545-574 per share, is entirely an offer for sale, with no fresh…

The Economic Times

SBI rejects Rs 9.48 lakh VRS claim after employee dies a month before cut-off date; HC orders payment to family for this reason

SBI denied Rs 9.48 Lakh VRS benefits as employee died a month before VRS retirement cut-off date; Telangana HC grants relief to family and orders SBI to pay. The Telangana High Court held that where an State Bank of India (SBI) employees' VRS application had already been accepted then his…

The Economic Times

SBI Funds Management sets IPO price band at Rs 545–574 for Rs 11,693 crore public offer

The anchor book will open on Monday, July 13. The IPO will open for subscription on Tuesday, July 14, and close on Thursday, July 16.

The Economic Times

Read news from The Economist, FT, and more,
with one subscription

SBI Funds Management IPO to open on July 14. Check details

SBI Funds Management has filed its red herring prospectus for an IPO comprising only an offer for sale by SBI and Amundi India Holding. The listing will offer investors exposure to India’s fast-growing mutual fund industry without raising fresh capital.

The Economic Times

Rs 20,000 SIP vs Rs 20,000 RD: Which monthly investment can generate higher returns in 5 years?

Monthly investments of Rs 20,000 in mutual fund SIPs and bank RDs are compared. SIPs offer potential for higher returns over five years, while RDs provide predictable outcomes. India Post RD offers 6.7% interest, yielding Rs 14.27 lakh after five years.

The Economic Times

Include infra loans in priority sector in absence of vibrant bond market: SBI economists

Economists propose reviewing priority sector lending guidelines for banks. They note banks struggle to meet targets without certificate purchases. Infrastructure loans should gain priority sector status for national development. Housing and education loan limits also need upward revision. Renewable energy project loan limits should be significantly increased.

The Economic Times

Prime Day 2026: These Tech Categories See the Biggest Price Drops in India

For Indian shoppers, Prime Day has evolved into more than just another sale. It has become an opportunity to finally buy gadgets that may have been sitting in wishlists for months. Whether it is upgrading an aging smartphone, investing in a work laptop, or building a smarter home, Prime Day…

MyLifeXP

Flipkart GOAT Sale 2026: iPhone 17 Price Drops by ₹12,000

Waiting for the perfect shopping sale can often feel like a gamble. Prices change overnight, discounts disappear within minutes, and what looks like a great deal isn't always the cheapest. But the Flipkart GOAT Sale 2026 is arriving with some of its biggest price cuts yet. From the latest iPhone…

MyLifeXP

SBI to recruit 1,500 probationary officers this year

State Bank of India is set to recruit 1,500 probationary officers this year to fuel business expansion, with applications closing on July 8. The bank also hires IT professionals and domain experts as Specialist Officers. Last fiscal, SBI onboarded over 25,000 individuals, including officers and associates, demonstrating its commitment to…

The Economic Times

M-cap of 6 of top-10 most valued firms surges Rs 1 lakh cr; Airtel, Bajaj Fin top winners

In the last week, Indian stock markets thrived, witnessing a remarkable Rs 1 lakh crore increase in the combined market valuation of six leading companies. The surge was largely attributed to Bharti Airtel and Bajaj Finance, which capitalized on favorable equity trends and robust domestic economic signals. Even though a…

The Economic Times

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

SBI Mutual Fund planning IPO launch on July 13, to raise $1.2 billion

SBI Mutual Fund is set to launch its IPO on July 13, with a likely $1.2 billion issue size, making it one of the biggest in India’s financial sector. The offer-for-sale issue will see SBI and Amundi pare their stakes, with the price band announcement expected on July 9.

The Economic Times

Rs 1 lakh crore on crude imports will be saved by 2030, as 35 lakh EVs will replace petrol vehicles: SBI Report

India is poised for a significant electric vehicle surge, with an estimated 35 lakh petrol vehicles to be replaced by EVs between 2027-2030. This shift could slash crude oil import bills by Rs 1 lakh crore if EVs capture 20% of the market by 2030. The West Asia conflict has…

The Economic Times

Stocks in news: Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, SBI

Indian markets opened positively, with analysts suggesting a stock-specific strategy amidst consolidation. Hero MotoCorp sees a revival in commuter bike demand, planning capacity expansion. Canara Bank and Indian Bank reported strong credit growth. Bharti Airtel's NBFC arm has begun operations, while Indian Hotels plans significant capital expenditure. SBI launched AI-powered…

The Economic Times

SBI boosts AI-powered banking with new digital journeys for retail, corporate customers

The announcements span SBI's YONO platform, introducing new customer journeys, AI-driven capabilities and industry-first features that simplify banking, empower businesses and promote financial and sustainability wellness, the bank said in a statement.

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

Ram temple donation case: Security agency denies role, says recruited SBI staff on bank's request

A private security firm has distanced itself from the alleged embezzlement of Ram temple donations, stating it merely supplied 22 personnel for housekeeping duties to the State Bank of India's Ayodhya branch. The agency's director clarified they had no involvement in assigning tasks related to donation management. This statement comes…

The Economic Times

Auto sector still robust, but limited upside left at current valuations: Anand Tandon

Market expert Anand Tandon observes that while the Indian auto sector shows resilience, its optimism is largely priced into current valuations, which appear stretched globally. He highlights selective opportunities like Eicher Motors and notes that earnings might be subdued but already factored in. Tandon also points to textiles as a…

The Economic Times

SBI employee gets relief in harassment case as Bombay HC rules shared auto commute falls outside POSH law’s workplace definition

The Bombay High Court has overturned disciplinary action against an SBI employee, ruling that a shared auto-rickshaw is not a 'workplace' under the POSH Act. The employee faced harassment charges after an incident during his commute. The court emphasized that for the Act to apply, transportation must be employer-provided. This…

The Economic Times

Delayed monsoon may weigh on auto demand, but long-term outlook stays strong: Aditya Shah

A delayed monsoon poses a temporary challenge to rural auto demand, particularly for tractors and two-wheelers, but the sector's long-term outlook remains robust. Experts highlight auto ancillaries as a key growth area, with electric mobility a significant long-term theme. Financials, especially Kotak Mahindra Bank and private sector lenders, along with…

The Economic Times

SBI wanted to change cash-counting staff at Ram temple 3 months ago: Sources

State Bank of India reportedly sought to replace cash-counting staff at the Ayodhya Ram temple three months ago due to suspicions of fund diversion, but the Shri Ram Janmabhoomi Teerth Kshetra Trust allegedly intervened. An FIR was filed, and eight individuals have been arrested following an SIT report, with significant…

The Economic Times

Nifty indices rejig goes live today: Which stocks will see biggest inflows and outflows?

The NSE’s quarterly index rebalancing takes effect today, triggering significant passive fund flows across Indian equities due to changes in free-float weights. While the Nifty 50 sees limited adjustments, broader strategic indices are witnessing sharper reshuffling.

The Economic Times

Telangana government, SBI reach amicable solution to land row

Telangana government and State Bank of India have resolved a land dispute amicably. Following recent discussions, SBI has agreed to alternative land proposals made by the state, after a five-acre parcel in Raidurg became a point of contention. The bank will proceed after board approval, aiming for a swift conclusion…

1 2 3 4 5

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.