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Jump in digital significantly slowed down growth of currency in circulatio
Updated : 3 years, 4 months ago IST
Ghosh said as percentage of gross domestic product (GDP), CIC was now at 11.8 per cent, less than 12.1 per cent in FY16 and significantly lower than the nominal GDP growth. He also added that it is an absurdity in quoting absolute numbers of currency in circulation (CIC) then and now.
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SBI shares surge nearly 4% to record high of Rs 622 apiece
Updated : 3 years, 4 months ago IST
The lender posted a surge of 74 per cent in its net profit to Rs 13,264 crore for the quarter ended September, against Rs 7,627 crore in the year-ago period, on the back of robust loan sales, higher interest income and lower provisions. In five days, the stocks of the lender have managed to
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SBI posts 74 pc jump in profit, its highest quarterly profit
Updated : 3 years, 4 months ago IST
In the lender's statement, SBI said its net interest income grew 12.8 per cent to Rs 35,183 crore. Home loan portfolio grew 14 per cent to Rs 5.94 lakh crore and accounted for more than half its retail portfolio of Rs 10.7 lakh crore. It also said corporate loans surged 21 per cent year on y
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First in 20 years, currency in circulation declines in busy Diwali week: S
Updated : 3 years, 4 months ago IST
Innovations in technology have changed the Indian payment system over the years and the Indian cash-led economy now has changed to a smartphone-led payment economy.
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Unseasonal rains affecting Kharif crops, to impact food inflation: SBI Res
Updated : 3 years, 4 months ago IST
Kharif crops are mostly sown during monsoon -June and July, and the produce is harvested during October and November.
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CBI refutes Sisodia's "quit AAP" claims, says questioning carried out in "
Updated : 3 years, 5 months ago IST
New Delhi [India], October 17 (ANI): Central Bureau of Investigation on Monday refuted the claims by Delhi Deputy Chief Minister Manish Sisodia that he was asked to quit the Aam Aadmi Party during his nine-hour questioning by the agency.
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SBI, RIL lead rebound in Indian equities; Sensex up 404 points
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 17 (ANI): Reversing the morning session losses, the Indian stock market's benchmark Sensex was trading 404 points higher in the afternoon session on Monday, led by strong buying support in banking, energy and IT stocks.
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Caller threatens to blow up SBI office in Mumbai, police initiate probe
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 15 (ANI): A call threatening to blow up the State Bank of India office in Mumbai's Nariman Point and kill the bank chairman was received at the branch, police said on Friday.
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Unseasonal rains may have "significantly large impact" on food inflation:
Updated : 3 years, 5 months ago IST
New Delhi [India], October 13 (ANI): The unseasonal rains in different parts of India, particularly in cereal-producing states, could have a "significantly large impact" on cereal and vegetable prices, said SBI Research in its latest 'Ecowrap' report.
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SBI surpasses Rs 6 trillion AUM in residential home loans
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 12 (ANI): India's largest lender State Bank of India (SBI) on Wednesday said it has become the first financial institution in the country to surpass Rs 6 trillion in assets under management (AUM) in residential home loans segment.
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Building on a 10-year Legacy of Service to Rural Communities, SBI Foundati
Updated : 3 years, 5 months ago IST
Madurai (Tamil Nadu) [India], October 6 (ANI/NewsVoir): The inaugural ceremony of the October Cohort of the SBI Youth for India Fellowship Program, Batch 2022-23 was co-hosted with DHAN Foundation in Madurai, Tamil Nadu, on 3rd October 2022.
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Sensex plunges 638 points; Maruti Suzuki, HUL, ITC slump
Updated : 3 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 3 (ANI): The Indian stock market's benchmark Sensex slumped 638 points on Monday dragged by last-hour heavy selling in auto, FMCG and banking stocks.
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