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The Latest Breaking News from SBI

Fiscal hara-kiri: SBI report urges SC to cap freebie spending at 1% of state GDP

NEW DELHI: With freebies becoming a go-to option for states, a report by State Bank of India (SBI) economists, urged a Supreme Court-led panel to cap such expenses at 1% of the state's GDP.

The Times of India

Government ‘singularly responsible’ for India’s economic problems: Congress

India’s economic growth is expected to decline to 5.7% this year from 8.2% in 2021, the UNCTAD Trade and Development Report 2022 projected on Monday

The Hindu

Economists see RBI delivering another 50 bps hike next week

MUMBAI: Economists are unanimous in forecasting that the central bank has no other option but to deliver a 50 bps rate hike next week and take the terminal rate to 6.25 per cent by December.

The Times of India

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Explained | The electoral bonds scheme and the challenges to it in Supreme Court

So far, from March 2018 to April 2022, over 18 thousand bonds worth over ₹9.8 thousand crore have been sold by the SBI in 20 tranches

The Hindu

SBI rejects former CBDT chairman’s claim for his money swindled by scammers

Though the fraudulent transaction was partly frozen, bank refuses to return money citing negligence of customer

The Hindu

State Bank opening rupee accounts for trade with Russia

State Bank of India (SBI), the country’s largest lender, is opening special rupee accounts to handle Russia-related trade settlements in the local currency but is not the main bank for such business.

The Times of India

SBI rejects CBDT former chairman’s claim of his money being swindled by scammers

Though the fraudulent transaction was partly frozen, bank refuses to return money citing negligence of customer

The Hindu

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SBI raises benchmark lending rate by 0.7%

SBI announcement would make loan repayment linked to Benchmark Prime Lending Rate costlier

SBI ‘Export Utsav’ on Sept. 14

HYDERABAD

The Hindu

In charts: India likely to overtake Japan as third-largest economy by 2029

NEW DELHI: With India surpassing the United Kingdom (UK) to become the world's fifth largest economy, a report by the State Bank of India (SBI) suggests that the country will outstrip two other major economies to become the third-largest economy by 2029.

The Times of India

Andhra Pradesh: Police arrest two of six-member Bangladeshi ATM robbery gang

Hunt on for kingpin; embassy has been alerted, says Krishna SP

The Hindu

Andhra Pradesh: Three persons arrested for setting fire to SBI ATM in Anantapur

ANANTAPUR

The Hindu

CBI searches 25 locations over coins worth ₹11 crore going missing from SBI vaults

The searches were spread across 25 locations.

The Hindu

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The Times of India

SBI launches its first dedicated branch for start-ups in Bengaluru

BENGALURU: State Bank of India (SBI) on Tuesday announced the launch of its first "state-of-the-art" dedicated branch for start-ups in the country here, to facilitate and support them.

Dynamite News

Business: SBI net profit dips 7 pc to Rs 6,068 cr in Q1

The bank had reported a net profit of Rs 6,504 crore in the April-June quarter of 2021-22. Read More on Dynamite News:

The Times of India

Explainer: The worst of rupee's decline may be over

NEW DELHI: The worst of rupee's decline may be over as the US Federal Reserve may dial down the pace of monetary tightening in the second half of 2022, a report by SBI Research said. The Indian currency has depreciated almost 7% against the US dollar so far in this…

The Hindu

‘Calicut varsity incurred losses by depositing funds in bank’

Interest rates given were less than that of treasury accounts, says AG’s report

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The Hindu

SBI donates ambulance to UoH

HYDERABAD

The Hindu

Spread word on Atal Pension Yojana, banks urged

HYDERABAD

The Hindu

Only 50% farmers benefited from farm loan waivers, finds study

The SBI study flags poor implementation rate in Telangana, M.P., Jharkhand, Punjab, Karnataka and U.P.

The Hindu

CBI registers case against private company on SBI’s complaint alleging loss of ₹1,438.45 crore

The investigative agency said it conducted searches at three premises of the accused in Mumbai and Pune which led to recovery of incriminating documents/articles

The Times of India

Bangalore University retired professor sues bank after losing Rs 13 lakh to conmen, wins refund

BENGALURU: A retired Bangalore University (BU) professor had not opted for net banking or mobile banking but lost his retirement funds of nearly Rs 13 lakh from his savings bank account to online fraudsters. Denied a refund, the 65-year-old man approached a city consumer court, which has now ordered the…

The Hindu

SBI donates van to CR Foundation

HYDERABAD

The Hindu

SBI to offer collateral-free assistance up to ₹2 crore to start-ups

SBI to float dedicated branches for start-ups, will open its first exclusive start-up branch at Innovation Tower, HSR Layout, Bengaluru. It will open more such branches in Mysuru, Mangaluru, Hubballi and Belagavi

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