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The Latest Breaking News from SBI

Economic growth likely at 4.6% in December quarter: SBI economists

MUMBAI: Economists at the State Bank of India (SBI) have projected a GDP growth of 4.6 per cent for the December quarter, citing that as many as 30 high frequency indicators are not as robust as they were in the previous quarters.

The Times of India

Sensex, Nifty decline for 2nd day on selling in FMCG, steel stocks

MUMBAI: Benchmark equity indices sensex and Nifty closed lower for a second straight day on Tuesday due to selling in FMCG, metal and auto shares ahead of the RBI monetary policy.

The Times of India

Nirmala Sitharaman assures investors, RBI says keeping vigil: Top developments in Adani-Hindenburg row

NEW DELHI: After 6 days of market rout, few of the Adani Group stocks rebounded on Friday after French energy company TotalEnergies' positive sentiment on the firm.

The Times of India

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Banking sector remains resilient and stable, says RBI

NEW DELHI: The Reserve Bank of India (RBI) on Friday said that the Indian banking sector remains resilient and stable.

The Times of India

SBI's total exposure to Adani Group at Rs 27,000 crore; none against shares

MUMBAI: SBI's total exposure to the embattled Adani Group is 0.88 per cent of the book or about Rs 27,000 crore, and the country's largest lender does not envisage any setback on its bets, a top official said on Friday.

The Times of India

Ukraine probing senior military officials for suspected corruption

Ukrainian authorities are investigating senior military officials in two separate cases of suspected corruption, officials said on Thursday, part of a crackdown on wrongdoing before talks with European Union leaders.

Reuters

SBI has $2.6 billion of loans to Gautam Adani

MUMBAI: State Bank of India, the country’s largest financier, has given loans of as much as $2.6 billion to companies in the Adani conglomerate, or about half of what is allowed under the rules, according to a person familiar with the matter.

The Times of India

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Head of Kyiv tax authority accused of multimillion-dollar fraud

One of unnamed woman’s four homes raided along with home of former Zelenskiy ally amid president’s crackdown on corruption

The Guardian - UK

SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI

MUMBAI: TThe Reserve Bank of India (RBI) announced on Monday that State Bank of India (SBI), ICICI Bank, and HDFC Bank are still considered Domestic Systemically Important Banks (D-SIBs).

The Times of India

Mark Meadows and wife won’t face charges in voter fraud case, NC attorney general says

RALEIGH, N.C. — Attorney General Josh Stein announced Friday afternoon he won’t seek to charge Mark Meadows or his wife, Debra, with voter fraud.

Tribune News Service

Surveillance footage shows last known movements of missing 11-year-old Madalina Cojocari

Mother reported child missing ‘after repeated contact’ with school officials

The Independent UK

FBI searches lake in hunt for missing 11-year-old whose parents didn’t report her missing for three weeks

Madalina Cojocari has not been seen since the evening of 23 November when she was spotted at her home in Cornelius, North Carolina

The Independent UK

SBI board approves raising Rs 10,000 crore capital via bonds

NEW DELHI: State Bank of India (SBI) on Wednesday said its board has approved Rs 10,000 crore capital raising plan through Tier I bonds.

The Times of India

Scrutiny ramps up on Meadows at the Capitol and in NC. The latest on two investigations

RALEIGH, N.C. — North Carolina’s State Bureau of Investigation has finished its inquiry into whether Mark Meadows, former President Donald Trump’s last White House chief of staff, committed voter fraud.

Tribune News Service

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The Times of India

November inflation print provides impetus to end rate hike cycle: SBI economists

MUMBAI: The November inflation print of 5.88 per cent provides impetus to end the rate hike cycle, economists at the country's largest lender SBI said on Monday.

Dynamite News

RBI's Digital Rupee A "Game Changer", Says SBI Chairman Dinesh Khara

The Reserve Bank of India's pilot project on retail digital Rupee is a "game changer", said SBI Chairman Dinesh Khara, and added that it will have durable effects which would ensure better monetary transmission at much lesser costs. Read on for details:

The Times of India

Digital rupee a game changer, says SBI chairman Dinesh Khara

NEW DELHI: SBI chairman Dinesh Khara on Friday said the Reserve Bank's first pilot project for retail digital rupee is a "game changer" with durable effects that should ensure better monetary transmission at much lesser costs.

The Times of India

GDP may print at 5.8% in Q2: SBI Research

MUMBAI: Citing a weak manufacturing sector coupled with the steep margin compression, SBI Research has pencilled in the country's GDP growth for the second quarter at 5.8 per cent, down 30 basis points from average estimates.

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Dynamite News

SBI Reports Highest Profit, Broking Houses Lauding Us: Chairman

Chairman of the country's biggest lender State Bank of India (SBI) Dinesh Khara on Saturday asserted that analysts and broking houses are praising the financial performance of the bank which reported its highest profits recently. Read on for details:

The Times of India

Bank of Maharashtra tops list of PSU lenders in credit growth in Q2

NEW DELHI: Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan growth in percentage terms during second quarter of 2022-23.

The Times of India

SBI hikes term deposit rates by up to 0.80%

MUMBAI: The country's largest lender SBI on Friday upped its interest rates on term deposits by up to 0.80 per cent amid a 'war for deposits' in the banking system.

The Times of India

Banks hike MCLRs, repo-linked lending rates post RBI rate action

NEW DELHI: Joining peer lenders, SBI, Kotak Mahindra Bank and Federal Bank are the latest in the list to revise their marginal cost of funds based lending rates (MCLRs) in addition to hikes in repo-linked rates from early October.

The Times of India

SBI cuts savings deposit rate by 5 basis points to 2.7%; Bank of Baroda raises FCNR deposit rates

NEW DELHI: State Bank of India (SBI) has reduced the interest rate on savings accounts by a marginal 5 basis points to 2.70 per cent effective from October 15.

The Times of India

SBI, HDFC offer home loans at 8.40% as part of festive sales

MUMBAI: Despite rising interest rates, leading home loan players SBI and HDFC have announced discounted interest rates beginning at 8.40 per cent as part of their festive offerings.

The Times of India

Despite global slowdown, India's exports to top last year’s record of $420 billion

NEW DELHI: India's exports are set to hit a new record in the current fiscal year, a report by economists at State Bank of India (SBI) said. Last year, India achieved record exports worth $420 billion, surpassing its target of $400 billion during the year. The feat was achieved 9…

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