Bhopal, July 14 (IANS) In a cabinet meeting held at the Mantralaya on Tuesday, the Madhya Pradesh Council of Ministers, chaired by Chief Minister Mohan Yadav, gave its nod to multiple development proposals worth Rs 10,800 crore aimed at strengthening infrastructure and enhancing public welfare across the state, a press note issued here on Tuesday said. The Cabinet approved a massive Rs 8,445 crore for urban infrastructure development over the next five years. This funding, sourced from additiona…
Latest State Bank of India News & Updates
Valsad, July 13 (IANS) A man accused of creating forged e-mail accounts and fake official letterheads of a BJP MP to send recommendation letters to the State Bank of India (SBI) and obtain confirmed railway tickets under the special quota, has been arrested by the Valsad Cyber Crime Police within hours of the complaint being registered, officials said on Monday.The accused, identified as Pratik Dey, 30, originally from West Bengal and currently residing in Isanpur area of Ahmedabad, was arrested…
New Delhi, July 11 (IANS) Overall deposits in India’s banking system jumped by around Rs 7 lakh crore for the fortnight ended June 30, 2026, marking the third‑highest fortnightly growth in 29 years, a new report has said.The report from State Bank of India (SBI) Research said the surge reflected buoyant capital flows aided by recent Reserve Bank of India and government measures.Further, commercial paper and bank credit have expanded indicating that economic activity has surprised on the upsi…
Mumbai, July 10 (IANS) In a Rs 133 crore bank fraud case, the CBI registered a case against five directors of a Mumbai Company and public servants on the complaint of State Bank of India, an official said on Friday. The directors of Furnace Fabrica (India) Ltd named in the FIR by the CBI include A.R. Basheeruddin, Badri Prasad, Nezee Basheeruddin, Raiz Basheeruddin and Sanam Basheer, said a statement.The CBI registered the case after conducting searches at multiple premises linked to the company…
New Delhi, July 10 (IANS) India’s best strategy to get the best trade deal with the US is to wear down the opening position, not the relationship, keep the conversation warm, avoid public escalation, make limited and reversible offers, and wait for the Donald Trump Administration’s first demand to run into the US market costs, China-balancing needs and alliance fatigue, an SBI Research report said on Friday.Then bargain late, when Washington’s reservation price is clearer and India’s value a…
Ayodhya, July 9 (IANS) After a controversy erupted over the alleged embezzlement of donations made at the Ram Temple and the subsequent arrest of eight accused, no new outsourced employee has been hired by the Temple Trust, sources said on Thursday.According to the State Bank of India (SBI) sources, the Shri Ram Janmbhoomi Teerth Kshetra Trust had recruited staff through an outsourcing agency after the surge in devotees during the Mahakumbh last year. These recruits were primarily hired as house…
Ayodhya, July 9 (IANS) The Shri Ram Janmabhoomi Teerth Kshetra Trust has issued clarification regarding the 200 kg of silver donations to the Ram Mandir by members of the Sindhi community in 2021, addressing the community’s concerns and also informing that everything stands logged and documented in its records. The clarification comes days after the Vishwa Sindhi Seva Sangam wrote to the Trust seeking details of 200 kg silver donated on January 26, 2021. The organisation had stated that the dono…
Kolkata, July 8 (IANS) Hours after the Enforcement Directorate (ED) on Wednesday issued a statement alleging dubious transactions through three bank accounts of the Trinamool Congress, on which debit restrictions have already been imposed, the former ruling party in West Bengal issued a statement rejecting the allegations made by the central agency.The Trinamool Congress also described the ED’s action relating to the freezing of its three bank accounts, with total deposits of Rs 440 crore, as po…
New Delhi, July 8 (IANS): The Enforcement Directorate (ED) conducted search operations on Tuesday at the premises of M/s E-Complex Private Limited and the residential premises of one of its directors, which resulted in the detection and seizure of evidence pertaining to suspicious transactions and assets beneficially owned or controlled by Reliance Anil Ambani Group, according to an official statement issued on Wednesday. During the search operations, several incriminating documents, records rel…
Jaipur, July 7 (IANS) The Enforcement Directorate (ED) has provisionally attached movable and immovable assets worth around Rs 112.90 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with an alleged Rs 376 crore bank fraud involving M/s LEEL Electricals Limited (formerly Lloyd Electric and Engineering Limited), its main promoter Bharat Raj Punj, and others. According to the ED’s Jaipur Zonal Office, the attached properties include land, industrial …