The State Bank of India
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India Bank Shares Jump as Deposit, Yield Worries Ease
Signage at the State Bank of India (SBI) headquarters in Mumbai, India, on Tuesday, Nov. 11, 2025. SBI is supportive of another wave of mergers among state-backed lenders as policymakers explore ways to build scale and finance growth in the world’s fastest-growing major economy. Photographer: Abeer Khan/Bloomberg
India’s Top Bank in $1 Billion Funding for Sun Pharma’s US Deal
The State Bank of India headquarters in Mumbai.
Like Indonesia, India's central bank may hike rates to defend its currency
India's central bank may defy expectations that it will leave its benchmark interest rate unchanged during its monetary policy decision meeting on Friday. The majority of economists polled by CNBC expect the Reserve Bank of India to keep rates unchanged at 5.25% while signaling a rate hike may only occur towards the end of the year. A minority expect policymakers to act at this week's meeting in a bid to anchor the rupee, which has depreciated to record lows against the dollar.
Public sector bank accounts not needed for re-evaluation fee: CBSE
Amid confusion among candidates following the launch of the system earlier this week, CBSE Wednesday clarified that students applying for verification and re-evaluation of Class XII answer sheets do not need to hold accounts with State Bank of India, Canara Bank, Bank of Baroda or Indian Bank for payments on board’s online portal. Board also said the portal was functioning smoothly despite a major cyberattack attempt Tuesday, when the system came under a barrage of denial-of-service attacks...
June 2026 bank holidays: When and where will banks remain closed? Check state-wise list
Planning a bank visit in June? You might need to check the bank holiday list first! Customers should plan their bank trips in advance as branches in several states are headed for holidays in the month of June.
Kerala Univ asks prof to pay Rs 17L over SBI lapse
SLUG-Payment Goof-Up T’puram : In a bizarre turn of events, Kerala University (KU) has asked Girish R Kumar, the director of its Centre for Latin American Studies, to pay around Rs 17 lakh, which the centre had lost due to an oversight by State Bank of India (SBI). The bank had deducted $20,000 from the centre’s account at Thejaswini branch while carrying out instructions to pay Rs 20,000 to Brazil-based journalist Milan Sime Martinic, who had delivered four online lectures on Latin American...
Stock market recap: Seven of top-10 firms lose Rs 1.54 lakh crore
Seven of India's 10 most-valued companies saw their combined market valuation shrink by Rs 1.54 lakh crore last week, with Reliance Industries accounting for the biggest decline. The losses came during the holiday-shortened trading week in which the BSE Sensex fell 639.61 points, or 0.84%, while the NSE Nifty slipped 171.55 points, or 0.72%. Among the country's top 10 firms by market value, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Tata Consultancy Services (TCS), Bajaj...
India's cenbank cuts growth outlook, raises inflation forecast as it keeps rates steady at 5.25%
India's central bank on Friday held interest rates at 5.25% at a time when surging global energy costs have hammered its currency, while the Iran war risks accelerating inflation. The Reserve Bank of India was widely expected to keep rates steady, as per economists polled by both Reuters and CNBC. RBI raised its inflation projection for the financial year ending March 2027 by 50 basis points to 5.1%, while tempering the economy's growth forecast to 6.6% for the year, down from 6.9% projected...
RBI debunks report claiming it sold $12 billion worth of gold to protect forex reserves
NEW DELHI: The Reserve Bank of India (RBI) on Wednesday dismissed report claiming that it may have sold gold worth about $12 billion to bolster foreign exchange reserves and support the rupee amid economic pressures linked to the ongoing US-Iran conflict. In a press release, RBI said, "The Reserve Bank of India (RBI) has come across reports in certain sections of the media about RBI’s sale of gold. The RBI emphasises that these reports are not correct.
Court awards Rs 2.5 lakh compensation as bank loses original land title document
The district consumer commission, Thrissur, has held the Central Bank of India liable for losing an original Pattayam (land title document) deposited as security for an agricultural loan, observing that the bank's negligence restricted the property owner to fully exercise her rights over the land. The commission directed the bank to pay Rs 2.5 lakh as compensation and Rs 10,000 towards litigation costs, both carrying interest at 9 per cent per annum until realisation. What was the dispute...