RBI unlikely to cut rate as India’s growth is higher

With India experiencing strong economic growth, the Reserve Bank of India (RBI) is unlikely to announce any rate...

India extends USD 50 million budgetary support to Maldives

India has extended budgetary support to the Maldives government in the form of a rollover of the USD 50 million...

SBI sanctions project loan of Rs. 10,050 cr to DVC

Public sector lender, State Bank of India (SBI), has sanctioned Rs.10,050 crores to Damodar Valley Corporation (DVC)...

India handled inflation much better than US, Germany and France

India has demonstrated a largely successful inflation-targeting regime compared to advanced economies such as the...

With 6.7 pc GDP growth in Q1 FY25, full-year growth to be revised

According to a recent report by the State Bank of India (SBI), the moderation in India's GDP growth for the first...

Decline in bank deposits is also because of non-uniform tax

On the concern over the recent decline in bank deposits, the State Bank of India (SBI) in its latest report asked...

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 Regional Rural...

Karnataka government pauses SBI, PNB deposit withdrawals for 15 d

The Karnataka government has temporarily paused the implementation of a circular that directed the withdrawal of...

Sitharaman introduces Banking Laws (Amendment) Bill

The bill provides for amending the Reserve Bank of India Act, 1934, Banking Regulation Act 1949, State Bank of India...

Nirmala Sitharaman to introduce new bills to amend banking laws

As the Parliament convenes for the ongoing Budget Session on Friday, Union Finance Minister Nirmala Sitharaman will...

SBI projects GDP growth of 7 pc in FY25, lower than RBIs forecast

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,...

Centre approves appointments of new Chairman, MD of SBI

The central government has approved the appointment of the new chairman of State Bank of India as the incumbent...