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India's poverty rate likely to decline further to 4.6% in 2024 from 5.3% i
Updated : 9 months, 2 weeks ago IST
India's poverty continues to decline steadily, with the poverty rate likely to fall to 4.6 per cent in 2024, estimates a recent report by the State Bank of India (SBI).
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Lending rates to fall by 30 bps after RBI policy cut: SBI Report
Updated : 9 months, 3 weeks ago IST
Lending rates are expected to fall by around 30 basis points (bps) following the recent policy rate cut, according to a report by the State Bank of India (SBI).
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RBI's Monetary Policy Committee meeting to begin today, policy announcemen
Updated : 9 months, 3 weeks ago IST
According to a report by SBI, the RBI is likely to announce a 50 basis points (bps) cut in the repo rate during this policy. The bank believes that a large rate cut at this stage could help revive the credit cycle and support overall economic growth.
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RBI likely to reduce repo rates by 50 bps on June 6 to support growth: SBI
Updated : 9 months, 3 weeks ago IST
The Reserve Bank of India (RBI) is expected to announce a 50 basis points (bps) cut in the repo rate in its upcoming monetary policy announcement on June 6, according to a report by the State Bank of India (SBI).
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Banks' credit growth slowed to 9.8% in May, compared to strong growth of 1
Updated : 9 months, 4 weeks ago IST
The credit growth of banks slowed to 9.8 per cent in May 2025 as compared to a strong growth of 19.5 per cent recorded in the same period last year, according to a report by the State Bank of India (SBI).
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Strong economic growth in Q4 of FY25 due to rise in net indirect taxes, GD
Updated : 9 months, 4 weeks ago IST
India's economy recorded strong growth in the fourth quarter of FY25, mainly due to a sharp rise in net indirect taxes, stated a report by State Bank of India.
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Aaranyak undertakes massive plantation drive to mitigate human-elephant co
Updated : 10 months ago IST
Aaranyak is undertaking a large-scale plantation drive in Assam to address human-elephant conflict by restoring degraded habitats and providing elephants with natural food sources.
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Fiscal deficit of govt to ease by 20 to 30 bps to 4.2% of GDP by RBI's bum
Updated : 10 months ago IST
The fiscal deficit of the central government could ease by 20 to 30 basis points from the budgeted level of 4.5 per cent to 4.2 per cent of GDP by the bumper dividend transfer by Reserve Bank of India, according to a report by State Bank of India
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RBI's strong dividend to govt boosted by USD sales, interest income: SBI r
Updated : 10 months ago IST
The Reserve Bank of India's record dividend payout of nearly Rs 2.7 trillion to the government has been made possible due to robust gross dollar sales, higher foreign exchange gains, and steady increases in interest income, according to a report by the State Bank of India (SBI).
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Experimental painkiller could outsmart opioids: Study
Updated : 5 months, 3 weeks ago IST
A study shows a non-opioid pain reliever blocks pain at its source -- calming specific nerve signals that send pain messages to the brain. In mice, the compound SBI-810 eased pain from surgery, bone fractures, and nerve injury without causing sedation or constipation.
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"Respect local language,"says CM Siddaramaiah after SBI manager refuses to
Updated : 10 months, 1 week ago IST
Karnataka Chief Minister Siddaramaiah on Wednesday strongly criticised the State Bank of India (SBI) branch manager in Surya Nagara, Anekal Taluk, Bengaluru for refusing to communicate in Kannada, despite the customer's request.
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Q4 FY25 GDP could be 6.4%-6.5%, GDP for FY 2025 to settle at 6.3%: SBI
Updated : 10 months, 1 week ago IST
The SBI research adds that despite rising global uncertainties, including trade disruptions and policy volatility, India's economic momentum remains largely resilient.
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