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2 mins read
SBI aims to become first financial firm to cross milestone of Rs 1 lakh crore profit: Chairman
SBI recorded a standalone net profit of Rs 61,077 crore in FY24, registering a growth of 21.59%.
PTI
2 mins read
External borrowings to meet capital needs putting pressure on bank's net interest margins, says a report by SBI Securities
The banks in the country are facing challenges due to a slowdown in deposit growth, according to a …
ANI
2 mins read
SBI able to support loan growth, lower deposit growth not a challenge: Khara
Some experts have been opining that this is due to flow of savings into higher yielding capit…
PTI
3 mins read
SBI report dismisses bank deposit concerns as a 'Statistical Myth'
As Finance Minister Nirmala Sitharaman hold a review meeting with heads of Public Sector Banks and …
ANI
1 min read
SBI raises lending rates by 5 to 10 basis points; New loans to cost more
The State Bank of India (SBI) on Monday announced an increase in its Marginal Cost of Funds Based L…
ANI
1 min read
Global cyber outage: Banks, payments systems unaffected by Microsoft outage
HDFC Bank, the biggest among the private sector lenders, also said that it has not faced any impact…
PTI
3 mins read
Time to push divestment of state-owned banks, says SBI report
With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…
PTI
1 min read
SBI report projects 8-10% depreciation in rupee during Trump’s second tenure as US President
The State Bank of India predicts the Indian rupee could depreciate by 8-10% against the US dollar i…
2 mins read
SBI economists see Q2 GDP growth slowing down to 6.5%; FY25 growth to be closer to 7%
Economists at SBI predict a dip in India's GDP growth to 6.5% for the September quarter, citing pre…
4 mins read
Best credit cards for online shopping this festive season
The festive season is here and with it, you are likely to make several purchases from e-commerce pl…
4 mins read
Bigger they are, harder they fall – A look at how the country’s biggest IPOs have fared
Hyundai Motor India is raising funds through an IPO, the country’s biggest IPO so far. There have b…
3 mins read
Maldives President Muizzu met with PM Modi in Delhi today. Here’s how it went!
New initiatives like RuPay card payments and a currency swap agreement have been introduced, with b…
2 mins read
Customers at several small-sized banks affected as tech provider C-Edge suffers ransomware attack
The issues are being faced for the last two days after the discovery of a breach of the system…
PTI
3 mins read
FDIs may shift to US under Trump 2.0 but it is unlikely to severely impact FDIs inflow to India, says SBI Report
It added that if similar policies are reintroduced in Trump 2.0 also, it could create challenges fo…
3 mins read
Working-age Indian population rising; expected at around 64% in next census: SBI Research
The administrative work to hold the long-delayed countrywide census is underway. The last decadal c…
ANI
3 mins read
Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention
The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…
5 mins read
SBI’s core business stays strong despite one-time hit on account of higher wage costs in Q3
India’s largest bank SBI saw its third quarter profits slip by 35.5% as it took a ₹7,100 exceptiona…
2 mins read
RBI unlikely to cut interest rate in 2024: SBI chief Setty
"On the rate front, a lot of central banks are taking independent calls. While Fed rate cut wou…
PTI
3 mins read
RBI unlikely to cut interest rate in 2024, food inflation to be deciding factor, says SBI chief Setty
The US Federal Reserve's first cut in interest rates in more than four years happened today, tr…
2 mins read
Decline in bank deposits because of non-uniform tax treatment on various investment options: SBI report
On the concern over the recent decline in bank deposits, the State Bank of India (SBI) in its lates…