New Delhi, April 28 (IANS) The Enforcement Directorate (ED) has attached another set of assets valued at Rs 3,034.90 crore in the Reliance Communications (RCom) Ltd bank fraud case, bringing the total attachment in Reliance Anil Ambani Group cases to over Rs 19,344 crore, according to an agency statement issued on Tuesday.The special investigation team (SIT) constituted on the directions of the Supreme Court is investigating the Reliance Anil Ambani Group (RAAG) cases involving diversion and lau…
Latest State Bank of India News & Updates
Mumbai, April 28 (IANS) “Regulations have become highly micro in nature in India. Instead, we need to have the kind of ecosystem that rewards innovation, encourages you to scale fast and fail fast, that you can get up again and try again,” said Arundhati Bhattacharya, Chairperson & CEO, Salesforce – South Asia and Former Chairman, State Bank of India.She was speaking during the discussions at the Release of the Report on ‘Regulatory Governance: The Scope, 2026’, in Mumbai.“Regulators n…
Surat, April 27 (IANS) A daylight armed robbery at a State Bank of India (SBI) branch in the Varachha area of Surat has come to light after CCTV footage showed a group of armed men entering the premises one after another and fleeing with cash. Police have confirmed that around Rs 50 lakh was looted in the incident.According to police, five to six armed assailants arrived on motorcycles and targeted the branch at Long Hanuman Road while cash delivery through a CMS van was underway.The CC…
New Delhi, April 27 (IANS) Sanjay Malhotra, Governor of the Reserve Bank of India, on Monday visited a financial literacy camp organised by the CRISIL Foundation at its Centre for Financial Literacy (CFL) in Sahaspur, Dehradun district.The camp was conducted for members of self-help groups from the gram panchayats of Bhopalpani, Badasi and Soda Sarauli.During his visit, Malhotra emphasised the importance of financial literacy in empowering citizens and strengthening long-term financial stability…
Mumbai, April 26 (IANS) The combined market valuation of seven of India’s top-10 most valued companies eroded by over Rs 2 lakh crore last week, with Reliance Industries and Tata Consultancy Services (TCS) emerging as the biggest laggards.The downturn came in line with a bearish trend on Dalal Street, where the Sensex plunged 1,829.33 points, or 2.33 per cent, while the Nifty declined 455.6 points, or 1.87 per cent during the week.Market sentiment remained under pressure after two consecutive …
Pune, April 24 (IANS) Finance Minister Nirmala Sitharaman on Friday confirmed that the government plans to continue with the disinvestment process of IDBI Bank.The comments dispelled the uncertainty hanging over the privatisation of IDBI Bank, as the offers received in the earlier bidding round were below the reserve price fixed by the government. Consequently, the proposed transaction had to be called off last month.Under the original plan, the government was to sell a 30.48 per cent stake in I…
Bhubaneswar, April 22 (IANS) The Economic Offences Wing (EOW) of the Odisha Police has arrested a bank employee, who is currently placed under suspension, on charges of misappropriating public funds to the tune of Rs 5.21 crore, a senior police official said on Wednesday. The accused identified as Prashanta Kumar Mallick was working as Senior Associate-cum-Cash In-charge and also performing the duties as a gold appraiser at State Bank of India’s (SBI) Balichandrapur branch in Jagatsinghpur distr…
New Delhi, April 21 (IANS) Minister of State for Defence Sanjay Seth will honour naval civilians for their contributions and excellence in various fields, including enhancement of the operational preparedness of the Indian Navy, at an event on April 23, an official said on Tuesday. The Naval Civilian Function, to be held at Manekshaw Centre, New Delhi, will also witness the formal inauguration of NCMIS Version 2.0 (SAKSHAM), specialised training modules (NavKalp) on the iGOT platform, and bia…
New Delhi, April 20 (IANS) The Central Bureau of Investigation (CBI) has arrested two senior executives of Anil Ambani-controlled Reliance Communications (RCom), D. Vishwanath and Anil Kalya, in connection with the Rs 19,694 crore bank fraud case registered against the company, according to an agency statement on Monday. The CBI had registered a regular case against Reliance Communications Limited, Anil D Ambani, and unknown others on the complaint of State Bank of India (SBI), on the allegation…
New Delhi, April 20 (IANS) The Central Bureau of Investigation (CBI) has arrested two senior executives of Anil Ambani-controlled Reliance Communications (RCom), D. Vishwanath and Anil Kalya, in connection with the Rs 19,694 crore bank fraud case registered against the company, according to an agency statement on Monday.The CBI had registered a regular case against Reliance Communications Limited, Anil D Ambani, and unknown others on the complaint of State Bank of India (SBI), on the allegations…