New Delhi, May 24 (IANS) Union Education Minister Dharmendra Pradhan on Sunday spoke with the Union Finance Minister Nirmala Sitharaman in view of the payment-related issues being faced by students during the Central Board of Secondary Education (CBSE) post-result and re-evaluation process and both agreed to involve State Bank of India (SBI) and three other Public Sector Banks (PSBs) to weed out glitches. During the discussion, it was decided that four PSBs — SBI, Bank of Baroda, Canara Bank an…
Latest State Bank of India News & Updates
New Delhi, May 24 (IANS) In response to widespread technical and payment-related issues faced by students during the CBSE post-result and re-evaluation process, Union Education Minister Dharmendra Pradhan on Sunday held discussions with Union Finance and Corporate Affairs Minister Nirmala Sitharaman to address the concerns and improve the system.Following the meeting, it was decided that four major public sector banks — State Bank of India, Bank of Baroda, Canara Bank and Indian Bank — will ex…
Mumbai, May 24 (IANS) The combined market valuation of six of the country’s top-10 most valued companies increased by Rs 74,111.57 crore last week, led by gains in ICICI Bank, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC), Bajaj Finance and Larsen & Toubro amid a positive trend in equities.During the week, the BSE benchmark index rose by 177.36 points, or 0.23 per cent.Among the top-10 valued firms, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro and LIC em…
Mumbai, May 24 (IANS) State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making company in India’s financial sector during the January-March quarter of FY26, reporting a net profit of over Rs 23,400 crore.The insurance giant also retained its top position among Central Public Sector Enterprises (CPSEs) in terms of quarterly profit during the fourth quarter of FY26.LIC last week reported a 23 per cent rise in consolidated net profit to Rs 23,420 crore for th…
New Delhi, May 23 (IANS) Recruits from Jammu and Gujarat, who received their appointment letters under the 19th Rozgar Mela, said that it is their family’s support which enabled them to work hard towards achieving the opportunity. They thanked Prime Minister Narendra Modi for focusing on the welfare of the country’s youth.Prime Minister Modi distributed more than 51,000 appointment letters to newly-appointed youths in various government departments and organisations at the 19th Rozgar Mela on Sa…
Chennai, May 23 (IANS) A special CBI court in Chennai has convicted a private software company, its Managing Director and CEO, along with two other private individuals, in connection with a bank fraud case involving fraudulent loans amounting to Rs 1.24 crore, officials said on Saturday.The verdict was delivered by the CBI Court in Chennai on Friday after completion of the trial in the case investigated by the Central Bureau of Investigation (CBI).According to officials, the convicted company is…
New Delhi, May 22 (IANS) State Bank of India (SBI) on Friday announced that the two-day nationwide strike proposed by the All India State Bank of India Staff Federation (AISBISF) for May 25 and 26 has been deferred following discussions between employee representatives and the bank’s management, ensuring uninterrupted banking operations across the country.In a customer advisory, the country’s largest public sector bank informed customers that all branches and banking services would function norm…
New Delhi, May 22 (IANS) India’s largest public sector lender State Bank of India on Friday issued an advisory asking customers to use digital banking services and alternative channels ahead of a proposed two-day strike by the All India State Bank of India Staff Federation scheduled for May 25 and 26.In a post on social media platform X, the bank informed customers that while efforts are being made to maintain essential banking services at branches during the strike period, some branch-level o…
Mumbai, May 22 (IANS) The Central Bureau of Investigation (CBI) conducted searches at seven locations across Mumbai and Ahmedabad in connection with two separate bank fraud cases involving alleged losses of more than Rs 119 crore to public sector banks, officials said on Friday.According to the agency, the searches were carried out on May 21 at premises linked to M/s Shri Hari Extrusion Pvt. Ltd. and M/s Jay Formulations Ltd. The raids were conducted at the residential premises of the directors …
New Delhi, May 20 (IANS) The Central Bureau of Investigation (CBI) on Wednesday said it has unearthed another alleged builder-bank nexus in a homebuyers fraud case and filed its ninth charge sheet against a real estate company, its directors, and bank officials for allegedly cheating homebuyers and financial institutions in connection with a housing project in Uttar Pradesh’s Ghaziabad.According to the agency, the chargesheet has been filed against M/s Manju J Homes India Ltd., its directors, an…