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India's consumer price inflation likely to stay above 5 per cent in 2024:
Updated : 1 year, 3 months ago IST
India's consumer price inflation (CPI) is expected to remain above 5 per cent for the rest of 2024, according to a recent report by the State Bank of India (SBI).
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Substantial drop in credit growth (YoY) across sectors as momentum turned
Updated : 1 year, 3 months ago IST
The credit growth across all sectors is declining as the momentum has turned negative, according to a report by State Bank of India.
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RBI unlikely to cut rates in upcoming MPC meeting: SBI Report
Updated : 1 year, 3 months ago IST
The Reserve Bank of India (RBI) is expected to keep policy rates unchanged in the upcoming Monetary Policy Committee (MPC) meeting scheduled from December 4 to December 6, according to a report by the State Bank of India (SBI).
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India's GDP expected to fall below 6.5 pc in FY25 amid slowdown in GDP gro
Updated : 1 year, 3 months ago IST
India's GDP is expected to fall below 6.5 per cent for the current financial year 2025, as GDP growth in the second quarter (Q2 FY25) slowed to 5.4 per cent, according to a report by the State Bank of India (SBI).
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SBI Funds Management Limited appoints Nand Kishore as Managing Director an
Updated : 1 year, 3 months ago IST
SBI Funds Management Limited, a joint venture between State Bank of India and Amundi, Europe's largest asset manager, on Wednesday announced the appointment of Nand Kishore as Managing Director and Chief Executive Officer, a release stated.
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NotifyVisitors Sweeps BFSI Tech Awards as HDFC, SBI Adopt Its AI Platform
Updated : 1 year, 4 months ago IST
New Delhi [India], November 25: Delhi-based SaaS company NotifyVisitors has secured multiple industry awards while gaining adoption from leading banking and insurance institutions. The company's AI-driven customer data platform has been recognised at three major industry events, highlighting
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India's economy depends a lot on MSMEs, need to be sensitive towards their
Updated : 1 year, 4 months ago IST
The banking community should view MSMEs not merely as a sector of risk but as a sector brimming with opportunity, Finance Minister Nirmala Sitharaman said on Monday and noted that cash flow-based lending has the transformative potential to address the working capital requirements of MSME uni
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A unique 15-day train journey Jagriti Yatra 2024 commences from Mumbai
Updated : 1 year, 4 months ago IST
Mumbai (Maharashtra) [India], November 18: Jagriti Yatra 2024 is all set to embark upon an incomparable 15-day journey with 500 handpicked young changemakers from across the country. The 15-day, 8,000-kilometer expedition by train across India commenced from Mumbai on November 16th. The info
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SBI to open 500 new branches in the Financial year 2025, says Nirmala Sith
Updated : 1 year, 4 months ago IST
State owned banking PSU, State Bank of India (SBI) will open 500 new branches in the financial year (FY) 2025, Union Finance Minister Nirmala Sitharaman said on Monday.
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NTPC Green IPO to open on Nov 19th, can be subscribed for long term gains:
Updated : 1 year, 4 months ago IST
However. it cautioned that NGEL depends on imported solar panels and other components without long-term contracts, making it vulnerable to supply chain disruptions. Timely execution of its contracted projects will be a challenge for the company that could impact its financial performance.
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Rate cut unlikely even in February, inflation to dip January onwards: SBI
Updated : 1 year, 4 months ago IST
The interest rate cut by Reserve Bank of India (RBI) is unlikely in February due to the persistent inflation, SBI Research stated in its latest report, adding that a slight easing in inflation is expected starting in January.
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Despite revoking GSP status in Trump 1.0, India-US trade surged, Trump 2.0
Updated : 1 year, 4 months ago IST
Despite losing Generalized System of Preferences (GSP) status under the Trump administration's first term, India's trade with the United States demonstrated notable resilience and growth, highlighted a report by State Bank of India.
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