SBI Chairman C S Setty says the bank is working with NPCI to prevent UPI merchant charges from reaching customers, while FCNR(B) inflows will ease deposit competition
Setty says SBI's house view is a 50-bp rate increase by December; Kotak flags $160-170 billion FCNR(B) repayment obligation
At the Business Standard BFSI Insight Summit 2026, SBI Chairman CS Setty said the bank will focus on housing loans, corporate lending and MSME growth to support India's economic goals
Business Standard BFSI Insight Summit 2026: SBI Chairman CS Setty says higher rates could moderate discretionary spending and consumption credit
State Bank of India (SBI) Chairman CS Setty on Monday backed the minimal merchant discount rate (MDR) on select Unified Payments Interface (UPI) transactions, stating the move could help banks fund ri
At Business Standard's BFSI Summit, public sector bank chiefs discussed how RBI's swap support, leverage and overseas outreach helped mobilise FCNR(B) deposits, highlighting need for risk management
SBI's reported data leak has raised questions about customer privacy. Here's what Indian laws require banks to do, whether affected customers can seek compensation and how they can protect themselves
SBI Research says the RBI's ₹2.5 trillion liquidity injection amid calibrated monetary tightening sends contradictory signals and could complicate monetary policy transmission
SBI Card's profit after tax rose to Rs 778 crore in the September quarter as gross NPAs fell to 1.90% and loan loss provisions declined 36.6% year-on-year
Today's editorials and columns examine SBI's cybersecurity concerns, Delhi's pollution response, El Niño's impact on economic growth, EU steel regulations and India's electric vehicle transition.
Threats call for stronger systemic safeguards
SBI's latest disclosure of exposed customer records adds to a history of cyber incidents affecting Indian banks
The lender said preliminary analysis of around 375,000 dark web records identified 3,897 customer records containing personal information; a detailed investigation is under way
SBI is investigating a suspected data leak after 3,897 customer records containing personal information were identified on the dark web. What details may have been exposed, how is the bank responding.
SBI said a analysis showed that exposed information included customer names, mobile numbers, DOBs, email addresses, residential addresses, brand and customer identifiers, along with loan records
Plans to add more branches as it looks to expand investor pool, says new CBO
Care Edge Ratings on Monday said it has decided to sell a 19.8 per cent stake in its wholly-owned subsidiary CareEdge Global IFSC to State Bank of India and NSE IFSC. The company has executed share purchase agreements and a shareholders' agreement with State Bank of India (SBI) and NSE IFSC (NSEIX) to sell a 9.9 per cent equity stake each in CareEdge Global IFSC Ltd (CGIL), Care Edge Ratings said in a regulatory filing. After the share transfer is completed, the company will continue to hold an 80.2 per cent equity stake in CGIL, it said. The deal is expected to be concluded within two months, it added.
Bloomberg consensus estimates project banks' Q2FY27 net profit at ₹1 trillion, up 19.6 per cent year-on-year, while large FCNR(B) deposit inflows are expected to weigh on margins.
The SBI report favours an asymmetric widening of the LAF corridor, faster rate action and a shorter deadline for export proceeds as global uncertainty pressures markets
Fund Review: SBI Large & Midcap Fund