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Nirmala Sitharaman to introduce new bills to amend banking laws in Lok Sab
Updated : 1 year, 7 months ago IST
As the Parliament convenes for the ongoing Budget Session on Friday, Union Finance Minister Nirmala Sitharaman will introduce new Bills including the Banking Laws (Amendment) Bill, 2024 to amend the Reserve Bank of India Act, the Banking Regulation Act and the State Bank of India Act among o
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SBI projects GDP growth of 7 pc in FY25, lower than RBIs forecast of 7.2 p
Updated : 1 year, 7 months ago IST
The State Bank of India in a report projects that India's real GDP will grow by 7.0 per cent year-on-year in FY25, which is slightly lower than the RBI's forecast of 7.2 per cent.
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High food prices raise concerns but improved monsoon offers hope for RBI:
Updated : 1 year, 7 months ago IST
The ongoing volatility in the prices of key food items such as tomatoes, onions, and potatoes (collectively known as TOP) and pulses continues to pose significant challenges for the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), highlights a report by SBI.
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Centre approves appointments of new Chairman, Managing Director of State B
Updated : 1 year, 7 months ago IST
The central government has approved the appointment of the new chairman of State Bank of India as the incumbent Chairman Dinesh Kumar Khara is set to retire on August 28.
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SBI General Insurance and HSBC India Forge bancassurance partnership
Updated : 1 year, 7 months ago IST
The collaboration will cater to the diverse needs of affluent Indians through HSBC India's extensive branch and digital network, ensuring customers have convenient access to a broad range of insurance products. This partnership is set to enhance customer experience by effectively meeting spe
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CBI arrests proclaimed offender in SBI's Hyderabad Branch fraud case
Updated : 1 year, 7 months ago IST
The Central Bureau of Investigation (CBI) arrested V. Chalapathi Rao, a Proclaimed Offender (PO), on Sunday, August 4, for absconding in a bank fraud case by frequently changing his identity and locations.
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SBI report cautions food price rise over possible crop loss due to excess
Updated : 1 year, 7 months ago IST
With La Nina getting precedence going ahead, excess rainfalls could result in crop loss and thus a negative impact on food prices, SBI Research report, authored by Soumya Kanti Ghosh, Group Chief Economic Advisor, said.
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Credit growth in banks continues to outpace deposits: SBI report
Updated : 1 year, 7 months ago IST
A research report by the State Bank of India (SBI) highlights the continuous upward trend in credit growth in Indian banks, which is outpacing the growth of deposits.
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Inflation to remain around 5 per cent this fiscal: SBI report
Updated : 1 year, 7 months ago IST
Recent data indicates that the Consumer Price Index (CPI) inflation rose to 5.08 per cent in June 2024, driven primarily by higher food and beverage prices.
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SBI records net profit of Rs 17,035 cr with increase in operating profit b
Updated : 1 year, 7 months ago IST
The operating profit for the quarter saw a more significant rise, increasing by 4.55 per cent YoY to Rs 26,449 crores. The bank's Return on Assets (ROA) and Return on Equity (ROE) stood at 1.10 per cent and 20.98 per cent respectively, underscoring the bank's efficient management and profita
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FPI's holdings are up by Rs 16,990 crore since the inclusion of govt bonds
Updated : 1 year, 8 months ago IST
The Foreign Portfolio Investors (FPIs) are responding positively on inclusion of Indian government bonds in JP Morgan. According to a report by SBI, the aggregate holding of FPI has increased by Rs 16,990 crore since June'24 and Rs 95,687 crore since the announcement of bond inclusion by
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SBI raises lending rates by 5 to 10 bps, new loans to cost more
Updated : 1 year, 8 months ago IST
The State Bank of India (SBI) on Monday announced an increase in its Marginal Cost of Funds Based Lending Rate (MCLR) by 5-10 basis points for most tenors.
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