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…
Latest State Bank of India News & Updates
Mumbai, May 17 (IANS) The combined market valuation of nine of the country’s top-10 most valued companies declined by Rs 3.12 lakh crore last week amid a sharp sell-off in domestic equities triggered by rising geopolitical tensions, weakness in the rupee, and surging crude oil prices.The broader market sentiment remained under pressure as the 30-share Sensex plunged 2,090.2 points, or 2.7 per cent, during the week, while the Nifty dropped 532.65 points, or 2.2 per cent.Among the top-10 valued …
Mumbai, May 13 (IANS) State Bank of India is exploring new-age technology such as “Behavioural Biometrics” to strengthen cybersecurity systems and prevent hacking attempts, the bank’s Managing Director Ashwini Tewari said on Wednesday.Speaking to reporters on the sidelines of an event here, Tewari said the country’s largest lender is closely evaluating advanced digital security tools as cyber threats continue to evolve rapidly in the banking sector.“State Bank of India is looking into …
Mumbai, May 11 (IANS) Indian benchmark equity indices ended sharply lower on Monday as investor sentiment weakened amid rising concerns over the impact of the ongoing West Asia conflict on global growth and inflation.At the closing bell, the Nifty was down by 360.3 or 1.49 per cent at 23,815.85, and the Sensex ended 1312.91 points or 1.70 per cent lower at 76,015.28.Commenting on the Nifty technical outlook, experts said that overall, the index appears vulnerable in the short term.“Immediate s…
Patna, May 11 (IANS) If you had entered this ‘ATM’ in Patna’s Danapur seeking to withdraw money, you would have found it sporting chairs, mirrors, combs, scissors and other grooming tools instead of the cash dispenser!The former ATM of the State Bank of India had been converted into a fully functioning barbershop — even while still appearing like an ATM from the outside.Although the cash machine was removed some time ago, the ATM branding, signage, and external structure were left unchanged, ev…
New Delhi, May 11 (IANS) Top industrialists on Monday backed Prime Minister Narendra Modi’s call for austerity and economic self-reliance amid global uncertainty triggered by the ongoing conflict in West Asia, saying the measures were aimed at strengthening India’s resilience and protecting foreign exchange reserves.TVS Motor Company Chairman Venu Srinivasan endorsed the PM Modi’s emphasis on self-reliance and prudent consumption at a time of heightened global volatility.Meanwhile, Bharti En…
New Delhi, May 11 (IANS) India’s economy has remained resilient amid global shocks and is projected to clock the full year 2026-27 GDP growth rate of 6.6 per cent, with real GDP growth of closer to 7.2 per cent in the fourth quarter last fiscal (Q4 FY26), an SBI Research report said on Monday.The GDP growth for last fiscal (FY26) is likely to be at 7.5 per cent. Despite global headwinds, the Indian economy has maintained strong growth momentum. High-frequency activity data indicates resilient …
Mumbai, May 10 (IANS) Amid a range-bound trend in equities, the combined market valuation of four of the top-10 most valued firms eroded by more than Rs 1 lakh crore last week, with State Bank of India emerging as the biggest laggard.During the week, the benchmark Sensex gained 414.69 points or 0.53 per cent, while the Nifty advanced 178.6 points or 0.74 per cent.Among the top-10 valued companies, Bharti Airtel, State Bank of India (SBI), Tata Consultancy Services (TCS) and Larsen & Toubro (…
Balrampur (Chhattisgarh), May 9 (IANS) Completing 11 years since their launch on May 9, 2015, the Central government’s flagship social security initiatives — Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) — are continuing to provide crucial financial support to poor and middle-class families across the country. Launched by Prime Minister Narendra Modi, the schemes offer insurance protection at extremely affordable premiums. According to …
New Delhi, May 8 (IANS) Leadership uncertainty at HDFC Bank has emerged as a key overhang for India’s banking sector, with brokerage firm Jefferies saying the controversy has disrupted benchmark valuations and capped rerating potential across banking stocks despite healthy fundamentals.In a note, the brokerage said investor sentiment toward the banking space has been weighed down by uncertainty surrounding HDFC Bank’s top management transition, along with geopolitical tensions in West Asia. …