Rummy loss: SBI staffer siphons Rs 34 lakh

DCB sources said Pandian had forged documents and transferred the misappropriated funds to his personal accounts in Canara Bank and Bank of Baroda.

published on : 20th March 2023

SBI hikes key lending rates by 70 basis points

The country’s largest lender, State Bank of India (SBI), has decided to raise the benchmark prime lending rate (BPLR) by 70 basis points (or 0.7%) to 14.85% from March 15. 

published on : 15th March 2023

Man who cheated SBI of Rs 82 lakh in loan scam arrested after five years 

Bank officials forwarded the loan application to another team. Jeyachandran and Rameshkumar Natarajan of the team approved the loan.

published on : 11th March 2023

TNeGA, SBI ink deal, govt online payments set to get cheaper

The aim is to create common payment aggregator (SBIepay) for e-governance applications of various departments. 

published on : 11th March 2023

TSBIE cancels Narsingi Chaitanya college’s affiliation

Members of the Sri Chaitanya management tendered an apology over the death of N Sathwik.

published on : 7th March 2023

SBI completes USD 1 billion syndicated social loan

Country’s largest commercial bank, State Bank of India (SBI) on Tuesday announced completion of a $1 billion Syndicated Social Loan Facility. 

published on : 1st March 2023

MF industry unfazed by volatility in Adani stocks after Hindenburg report

At a time when many companies have withdrawn or delayed their IPO plans due to Adani-Hindenburg controversy, the mutual fund industry remains unfazed by the volatility in the share market.

published on : 25th February 2023

Dividend yield mutual funds’ assets to touch 1 lakh crore

Dividend yield funds, which primarily invest in equities of companies that declare dividends regularly, are more tax-efficient than equities with the dividend payout option.

published on : 21st February 2023

BoB, IOB hike lending rates; SBI marginally ups deposit rates 

The latest hikes in the interest rates come days after the Reserve Bank of India (RBI) on February 8 increased the borrowing costs by 25 basis points (bps).

published on : 16th February 2023

State Bank of India raises lending, deposit rates by 25 bps

The lender has also hiked interest rates by 5 bps to 25 bps on fixed deposits below Rs 2 crore with effect from Wednesday.

published on : 16th February 2023

TSBIE floats fresh tender for digital evaluation of answer scripts

The last date for submission of the tender issued by the TSBIE earlier in January through e-procurement was February 13.

published on : 15th February 2023

SBI exposure to Adani Group about Rs 27,000 crore: Chairman

The country’s largest lender has not given loans against shares to the Adani Group companies and SBI will not be impacted by the recent crash in the shares of Adani firms.

published on : 4th February 2023

SBI Q3 net profit jumps 62 per cent to Rs 15,477 crore

The SBI scrip gained 3.12 per cent to close at Rs 544.45 a piece on the BSE, as against a 1.52 per cent jump on the benchmark.

published on : 3rd February 2023

BRS ready to corner Centre in Parliament: Nama Nageswara Rao

The MP also said that his party will also try to corner the Union government over issues like unemployment, inflation, Women’s Reservation Bill and ‘conspiracy’ against Telangana.

published on : 31st January 2023

Seven of top-10 firms shed Rs 2.16 lakh cr in market capitalisation; RIL, SBI hit hard

The market valuation of RIL tumbled from Rs 71,003.2 cr to Rs 15,81,601.11 cr, while SBI's valuation tanked Rs 46,318.73 cr to reach Rs 4,82,107.53 cr.

published on : 29th January 2023

Adani stock fall: LIC, SBI 'lost over Rs 78k cr' in market cap, FM still on 'mute mode', says Cong

LIC, SBI continue to invest in the Adani group even after the Hindenburg research report alleged share price manipulation and financial misappropriation by the group, Cong general secretary claimed.

published on : 28th January 2023

Sensex, Nifty rally on US job data, buying in IT stocks 

After a dismal week in which the benchmarks shed up to 2%, the BSE Sensex and NSE Nifty gained about 1.4% each on Monday. 

published on : 10th January 2023

No K-shaped recovery in India, pandemic a 'leveller' to reduce inequality: SBI

SBI economists said, "in hindsight, the pandemic may have been a leveller in terms of inequality with the poor getting protected through measures such as food transfers."

published on : 9th January 2023

Hyderabad govt pulls up junior colleges functioning sans affiliation

Show cause notices issued to colleges, 1st  year students asked to immediately seek admission in other affiliated colleges

published on : 7th January 2023

SBI board approves Rs 10,000 crore fundraising via infra bonds

The largest lender in terms of asset size, deposits and customer base will utilise the proceeds to meet its credit demand. This is the second time SBI will issue infrastructure bonds.

published on : 4th January 2023
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