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The Latest Breaking News from the State Bank of India

From quid pro quo to proportionality: 5 takeaways from the electoral bonds verdict

The Supreme Court has struck down the Narendra Modi government’s electoral bonds scheme as “unconstitutional” in two separate judgments. It has asked the State Bank of India to submit the details of these bonds to the Election Commission of India which should publish it on its website by March 31.

Newslaundry

What are India’s electoral bonds, the secret donations powering Modi’s BJP?

India’s top court has declared them illegal. The decision could shape the world’s biggest election.

Al Jazeera

Delhi court rejects bank's suit for recovery against a dead man

A Delhi court rejected the suit for recovery filed by the State Bank of India (SBI) against a person who had already passed away two years prior to filing the suit. Read further on Dynamite News:

Dynamite News

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KKRTC pays ₹3 crore to families of its six employees who died in accidents

Kalyana Karnataka Road Transport Corporation (KKRTC) has paid a sum of ₹3 crore to the families of its six employees who were killed in accidents as per the provisions of Corporate Salary Package (CSP) scheme.

The Hindu

Consumer panel asks bank to compensate customer who lost money through fraud

Salim P.M. of Vazhapilly in Muvattupuzha won an order from the Ernakulam Consumer Disputes Redressal Commission directing the Pezhakkapilly branch of the State Bank of India to repay ₹70,000 plus interest, ₹10,000 as compensation and ₹5,000 as cost of proceedings. The amount was lost due to fraudulent withdrawal from his…

The Hindu

SC dismisses plea against ₹2,000 currency exchange policy

The Supreme Court on Monday dismissed a petition challenging the notifications issued by the Reserve Bank of India (RBI) and the State Bank of India (SBI) permitting the exchange of ₹2,000 currency notes without requirement of any identity proof.

The Hindu

Consumer forum in Cuddalore orders SBI to pay ₹2 lakh in compensation for freezing bank account without prior notice

The Cuddalore District Consumer Disputes Redressal Commission has directed the State Bank of India (SBI) to pay a senior citizen ₹2 lakh as compensation for deficiency in service.

The Hindu

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India extends $1 billion credit line to Sri Lanka by another year

India on May 30 extended its $1 billion credit line to Sri Lanka by another year to help the island nation hit hard by an unprecedented economic crisis procure much-needed food, medicine and other essential items. An agreement was signed between the State Bank of India (SBI) and the Sri…

The Hindu

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

Dynamite News

Indian economy to surpass 7% growth in FY 23: SBI research report

NEW DELHI: 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.

The Times of India

SBI’s u-turn: No slip, ID proof needed to swap ₹2,000 notes

The Reserve Bank of India has announced the withdrawal of ₹2,000 currency notes from circulation

The Hindu

Financial Literacy Programme held at KVM College

Retired chief managers and financial counsellors of the State Bank of India led the awareness classes organised as part of the Reserve Bank of India initiative

The Hindu

Q&A: ‘Chilling’: Journalist sued by Adani, cited by Hindenburg

Veteran Indian journalist Paranjoy Guha Thakurta talks about his reporting, meeting Adani and the cases he faces.

Al Jazeera

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