Search For "state bank"
SBI sanctions project loan of Rs. 10,050 crores to Damodar Valley Corporat
Updated : 1 year, 6 months ago IST
Public sector lender, State Bank of India (SBI), has sanctioned Rs.10,050 crores to Damodar Valley Corporation (DVC) for Ultra Super Critical Thermal Power Project of 1600 MW to be set up at Koderma, Jharkhand.
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India handled inflation much better than US, Germany and France: SBI Repor
Updated : 1 year, 6 months ago IST
India has demonstrated a largely successful inflation-targeting regime compared to advanced economies such as the USA, Germany, and France, according to a research report by the State Bank of India (SBI).
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With 6.7 pc GDP growth in Q1 FY25, SBI says full-year growth should be rev
Updated : 1 year, 6 months ago IST
According to a recent report by the State Bank of India (SBI), the moderation in India's GDP growth for the first quarter (Q1) of the financial year 2024-25 (FY25) is still higher than the average decadal growth of 6.4 per cent for Q1.
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Five individuals across three states arrested over bank cheque fraud
Updated : 1 year, 6 months ago IST
In a major breakthrough, the Jalandhar Commissionerate Police dismantled a multi-state bank cheque fraud syndicate by arresting five individuals across three states on Sunday.
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Decline in bank deposits is also because of non-uniform tax treatment on v
Updated : 1 year, 6 months ago IST
On the concern over the recent decline in bank deposits, the State Bank of India (SBI) in its latest report asked for tax reforms. The report says tax Reforms for Deposits can accentuate the banking system's stability and resilience to next level.
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SBI report dismisses bank deposit concerns as a 'Statistical Myth'
Updated : 1 year, 6 months ago IST
As Finance Minister Nirmala Sitharaman hold a review meeting with heads of Public Sector Banks and Regional Rural Banks on Monday, the State Bank of India (SBI) in its latest report noted that the belief that the deposit growth in the banking sector is flagging just a statistical myth.
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Karnataka government pauses SBI, PNB deposit withdrawals for 15 days
Updated : 1 year, 7 months ago IST
The Karnataka government has temporarily paused the implementation of a circular that directed the withdrawal of deposits and restricted further deposits in all branches of Punjab National Bank (PNB) and State Bank of India (SBI), the state government said in a statement.
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Finance Minister introduces Banking Laws (Amendment) Bill in Lok Sabha
Updated : 1 year, 7 months ago IST
The bill provides for amending the Reserve Bank of India Act, 1934, Banking Regulation Act 1949, State Bank of India Act, 1955, Banking Companies (Acquisition and Transfer of Undertakings) Act 1970, and Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.
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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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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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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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