Selloff knocks India out of $200-billion club, hits top firms; broker dynamics shift and IPO activity slows amid rising market volatility
SBI Research finds Odisha's Subhadra DBT scheme has lifted savings and spending among women beneficiaries, with strong gains among financially excluded households
Analysts said the decline in private banks' share was largely driven by contraction among small and mid-sized lenders, while leading private banks broadly maintained their positions
Scam targets SBI YONO users, govt warns against sharing banking details
Investor sentiments continued to be in a risk-off mood after Iran widened its warnings to target buyers of US Treasury bonds, as the Trump administration's 48-hour ultimatum neared expiry
Existing investors State Bank of India and Amundi will sell 203.7 million shares through the "offer for sale" route. SBI Funds will not issue new shares in the IPO
The CBI on Thursday questioned industrialist Anil Ambani in connection with the alleged Rs 2,929 crore cheating case registered against Reliance Communications Ltd and him on a complaint by the State Bank of India, officials said. Ambani arrived at the agency headquarters this morning for questioning in the case. The agency has alleged fund diversion, misappropriation and other irregularities in the loan funds issued to the company by the bank, they said. The spokesperson for Anil Ambani said in a statement on Thursday that he will be appearing before the Central Bureau of Investigation (CBI) in Delhi on March 19 and 20 "for examination in connection with the FIR registered on the basis of a complaint filed by the State Bank of India". "The appearance is in furtherance to Mr Ambani's commitment to extend full cooperation in the matter with all agencies," the spokesperson said. The CBI had booked Ambani in August last year for allegedly defrauding the SBI to the tune of Rs 2,929.05
Based on interactions with direct selling agents (DSAs) across western India, Motilal Oswal said MSME credit demand remains healthy in Q4FY26
SBI raises Rs 6,051 crore via Tier 2 bonds at 7.05% coupon, with the issue seeing nearly two times subscription and participation from a wide range of institutional investors
Perfios appoints former SBI executive Nitin Chugh as group CEO to lead its expanding techfin, risktech and digital platforms amid rapid growth and acquisitions
Stocks to buy today: Shrikant Chouhan of Kotak Securities has recommended buying SBI and Jubilant Ingrevia; check analysis here
SBI report says India has seen fewer instances of interest rate hikes since the flexible inflation targeting regime began, with the third five-year phase set to start next month
State Bank of India and MUFG Bank sign a strategic partnership to collaborate on M&A, aviation and real estate financing, supporting cross-border transactions
The state-owned bank believes that engaging in such business could expose it to risks as it has a sizable loan portfolio in global markets, and also hurt its reputation
The combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore last week, with the State Bank of India taking the biggest hit, in tandem with a weak trend in equities. Last week, the BSE benchmark tanked 2,368.29 points, or 2.91 per cent. "Markets ended the holiday-shortened week with steep losses as escalating geopolitical tensions in West Asia and a sharp spike in crude oil prices weighed heavily on investor sentiment," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries and Infosys were the only gainers. The market valuation of State Bank of India tumbled Rs 53,952.96 crore to Rs 10,55,567.27 crore. ICICI Bank's valuation eroded by Rs 46,936.82 crore to Rs 9,40,049.82 crore and that of HDFC Bank dived Rs 46,552.3 crore to Rs 13,19,107.08 crore. The valuation of Larsen & Toubro tanked Rs 45,629.03 crore to Rs 5,43,208.36 crore. The market capitalisation (mcap) of Bajaj Finance dropped by Rs ..
Country's leading lender SBI on Saturday announced the launch of a USD 500 million syndicated social term loan facility, focused exclusively on women empowerment with a greenshoe option, on the eve of International Women's Day. This syndicated transaction is a milestone for SBI and the global ESG financing landscape, for the noble cause of women empowerment, the bank said in a statement. This financing is focused on accelerating social impact and demonstrates SBI's commitment to reduce 'the gender gap' and contributes meaningfully to United Nations' Sustainable Development Goal (SDG) 5 -- 'Achieve Gender Equality and Empower all Women and Girls'. On the occasion, SBI Chairman C S Setty said, "On this women's day, we are happy to announce that as a responsible organisation, we are deeply committed to fostering women empowerment as a cornerstone of sustainable development." This landmark social loan embodies the bank's dedication to Environmental, Social, and Governance (ESG) ...
SBI, HDFC Bank, ICICI Bank, and Axis Bank are the Indian banks who have supported the new framework
SBI has selected 5,783 junior associates from nearly 9 lakh applicants, taking its total hires in FY26 to more than 18,000 as the bank ramps up customer service and branch operations
SBI Deputy Managing Director Nitin Chugh, who led the bank's digital banking and transformation initiatives including YONO 2.0, has exited following the conclusion of his contract
The appellate tribunal NCLAT has dismissed petitions filed by two Dhoot brothers - Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot, challenging the initiation of personal insolvency against them over a default committed by debt-ridden Videocon Industries. Personal Insolvency against the Dhoot brothers was initiated after SBI had issued a demand notice of Rs 5,353.78 crore over defaults by Videocon Industries, the principal borrower, for which they were the personal guarantors. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) has upheld the two orders passed by the Mumbai bench of NCLT in June last year, in which it had directed the initiation of insolvency against the duo, brothers of Videocon founder Venugopal Dhoot. The appellate tribunal also rejected their plea that petitions filed by leading public sector SBI, on which the National Company Law Tribunal has directed to initiate insolvency proceedings in their personal capacity, were barred under ...