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The Latest Breaking News from State Bank of India

Bank of Baroda, India’s second-biggest state lender, aims to double size in 5 years

Bank of Baroda plans to double its balance sheet over the next five years, betting on strong economic growth in India, rising credit demand and expansion of fee-based income streams. CEO Debadatta Chand said scale and capital strength are essential for Indian banks to compete globally, especially as discussions continue…

The Economic Times

Adani Power seeks Rs 8,000 crore in debt to fund expansion

The fundraising includes 50 billion rupees of public debt and around 30 billion rupees of loans from a group of lenders led by State Bank of India, the people said, asking not to be identified as the information is private.

The Economic Times

SBI margins drag PSU banks, but private banks set for comeback: Pranav Gundlapalle, Bernstein

State Bank of India's margin drop was a key event. Analysts suggest the worst may be over for banks. Private sector banks are expected to perform well in FY27. Foreign investor flows are seen as a key factor for stock performance. HDFC Bank and Axis Bank are top picks. Paytm…

The Economic Times

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SBI chief flags risks in rapid growth in digital finance, stresses trust-based innovation

State Bank of India Chairman C S Setty highlighted emerging risks in digital finance and platform lending. He stressed that financial systems must prioritize trust and strengthen governance. India needs significant capital mobilization for its development goals. Banks alone cannot meet these needs, requiring deeper bond markets and broader investor…

The Economic Times

Highest 5-year FD rates at PSU vs private vs SFB banks: What Rs 1 lakh investment in each FD will give you on maturity

Investors seeking high returns on 5-year fixed deposits can explore options beyond public sector banks. DCB Bank leads private banks with a 7.25% interest rate, offering an approximate maturity of Rs 1.43 lakh on a Rs 1 lakh investment. IDFC FIRST Bank follows closely, while other private and small finance…

The Economic Times

SBI employees’ 2-day strike on May 25, 26: Pension fund manager option to ‘NPS employees’, parity issue among 16 demands

SBI employees' nationwide strike May 25, 26: The demands raised by the federation include recruitment of messengers and armed guards, adequate staffing, and stopping outsourcing of permanent roles. AISBISF has also underlined issues like pension related concerns under the National Pension System, lack of inter circle transfers for employees recruited…

The Economic Times

Fire at SBI branch in Thuvakudi

Fire broke out at the State Bank of India (SBI) branch on the premises of the Small Industries Development Corporation (SIDCO), Thuvakudi, on Sunday

The Hindu

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Electoral bonds | Information ‘hand-delivered’ to Election Commission of India, SBI informs Supreme Court

SBI submits details of electoral bonds to ECI, including purchase, redemption, and recipient information, following Supreme Court directive.

The Hindu

Youth Congress members stage protest

Youth Congress members on Monday staged a protest in front of State Bank of India office at Mysore Bank Circle here in connection with the electoral bonds.

The Hindu

SC dismisses SBI plea seeking extension of electoral bonds deadline

The Supreme Court has dismissed the State Bank of India’s petition seeking an extension of the deadline to publish information about donations made through electoral bonds. The court has told SBI to disclose the details by Tuesday, and for the Election Commission to publish the data by March 15, according…

Newslaundry

ADR says it will oppose SBI plea on electoral bonds

State Bank of India moved the Supreme Court seeking an extension of time till June 30 to disclose details of each electoral bond encashed by political parties

The Hindu

Top news developments in Karnataka on March 4, 2024

The Hindu

Belagavi IT company detects online scam targeting State Bank of India users

Safety recommendations comprising an SMS/email/WhatsApp message with a tone of urgency should be dealt with extreme caution. This is true, especially in the case of any message from the bank. Always reach out directly to the bank and verify suspicious messages and emails before taking any action.

The Hindu

SBI officials promise to protect interests of customers after gold disappeared from Gara branch of Srikakulam district in Andhra Pradesh

SBI officials take measures to restore customers' confidence in Srikakulam branch after gold worth ₹4.07 cr goes missing. Bank officials held meetings with customers, promised to return jewellery pledged with them & assured no customer would suffer loss. Police investigation underway.

The Hindu

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The Hindu

Camps for speedy disbursal of paddy procurement cash

PALAKKAD: Banks SBI & Canara to hold special camps at 23 Krishi Bhavans on Dec 2, 4 & 5 for speedy disbursal of cash for 1st crop paddy. Farmers must bring PRS, Aadhaar, PAN, photo. Other farmers must wait for message from Supplyco & approach respective bank when told. Price…

The Economic Times

SBI is hiring 9,000 clerks: Here is how to apply, last date, salary, eligibility, exam pattern

The State Bank of India (SBI) has released the notification for SBI Clerk Recruitment 2023, offering approximately 8,773 vacancies. The application window is open from November 17 to December 7, 2023. Candidates must be between 20 and 28 years of age and hold a bachelor's degree from a recognized university.…

The Hindu

Man robs bank in West Godavari in less than a minute

A masked and armed burglar looted ₹6.5 lakh cash from the staff in State Bank of India (SBI) in Narsapuram town in West Godavari district in broad day light on November 1.

The Hindu

Judge says mediation is the best way to resolve issues between farmers and banks

At Hubballi Taluk Legal Services Committee's Pre Litigation Mediation programme, Principal Senior Civil Judge Chinnannavar R.S. said mediation is best platform to resolve issues between farmers & bankers. He urged litigant public to use mediation to resolve disputes & Mega Lok Adalat on Sat. Union Bank of India & State…

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The Hindu

FPO has helped reduce farm input cost, says NABARD official

The help extended by NABARD and State Bank of India to farmers of Navalgund taluk has facilitated the establishment and operation of Farmers Producers Organisation (FPO) and it, in turn, has resulted in bringing down input cost, thus increasing their profit margin.

The Hindu

Gang decamps with cash from ATM in Nalgonda

A gang of five persons decamped with Rs 23 lakh from a State Bank of India ATM cash chest in Kattangur mandal of Nalgonda during the wee hours of July 31

The Times of India

SBI, India’s biggest bank, rejigs senior leadership to boost dominance

MUMBAI: State Bank of India, the country’s largest lender, is re-jigging its senior leadership positions with at least four key executives getting new roles, according to people familiar with the matter.

The Hindu

India refiners start yuan payments for Russian oil imports, say sources

Indian refiners have begun paying for some oil imports from Russia in Chinese yuan, sources with direct knowledge of the matter said, as Western sanctions force Moscow and its customers to find alternatives to the dollar for settling payments.

Dynamite News

SBI launches 34 Transaction Banking hubs nationwide to enhance customer services, drive growth

State Bank of India, launched 34 Transaction Banking Hubs at 21 district centres across the country with an aim to provide quick and efficient Transaction Banking solutions to customers.

The Hindu

Supreme Court denies immediate intervention in plea challenging ₹2,000 notes' exchange

The Supreme Court on June 9 refused to entertain immediately a plea by advocate Ashwini Upadhyay challenging the notifications issued by the Reserve Bank of India (RBI) and State Bank of India (SBI) permitting the exchange of ₹2,000 currency notes without requirement of any identity proof.

Dynamite News

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

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