Mumbai, March 29 (IANS) The combined market valuation of seven of India’s top-10 most valued companies fell sharply by Rs 1.75 lakh crore last week amid global uncertainties and geopolitical tensions.The decline came in a holiday-shortened week when benchmark indices ended lower. The Sensex dropped 949.74 points, or 1.27 per cent, while the Nifty fell 294.9 points, also down 1.27 per cent.Commenting on Nifty technical outlook, experts said that a decisive breakdown below the 22,700–22,500 ra…
Latest State Bank of India News & Updates
Pune, March 27 (IANS) The ED has attached agricultural land worth Rs 22.51 crore situated at village Savardari, Taluka Khed, Pune, in connection with a bogus letter of credit (LC) fraud that caused a loss of Rs 56.81 crore to SBI, an official said. The Enforcement Directorate (ED), Mumbai Zonal Office, attached the immovable property under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in a money laundering case related to bank fraud committed by Topworth Pipes and Tubes …
Mumbai, March 26 (IANS) The Central Bureau of Investigation (CBI) has registered a case against Reliance Telecom Ltd., its then Directors Satish Seth and Gautam B. Doshi, along with unknown public servants and others, in connection with an alleged bank fraud case involving State Bank of India (SBI) amounting to Rs 114.98 crore.According to officials, the agency has invoked charges of criminal conspiracy and cheating under the Indian Penal Code, along with provisions related to criminal misconduc…
New Delhi, March 23 (IANS) In a fresh affidavit filed before the Supreme Court, industrialist Anil D. Ambani has proposed the constitution of a lenders’ committee to determine the actual dues owed by Reliance Communications (RCOM) and its group entities, along with a detailed plan for structured resolution of the liabilities. The supplementary counter-affidavit seeks the constitution of a lenders’ committee, anchored by the State Bank of India and Bank of Baroda, to determine the actual …
New Delhi, March 22 (IANS) The Press Information Bureau (PIB) has flagged a fake message circulating on social media that claims State Bank of India’s (SBI) YONO app accounts will be blocked if users do not update their Aadhaar details immediately. The purported message instructs recipients to download an APK file titled “SBI KYC AADHAR UPDATE” and install it to avoid disruption of services.The warning, which appears to be a phishing attempt, is designed to mislead account holders into sha…
Mumbai, March 22 (IANS) HDFC Bank emerged as the biggest loser among India’s most-valued companies last week, with its market valuation plunging by over Rs 56,000 crore, even as the broader stock market remained largely flat with a negative bias.India’s equity markets witnessed a cautious week, with five of the top-10 most-valued companies together losing over Rs 1 lakh crore in market capitalisation.The decline was led by HDFC Bank, whose valuation dropped sharply by Rs 56,124.48 crore to R…
New Delhi, March 21 (IANS) The Central Bureau of Investigation (CBI) has ramped up its investigation into major alleged bank fraud cases linked to the Reliance Anil Dhirubhai Ambani Group (ADA Group), summoning top executives for detailed questioning at its headquarters in New Delhi, a CBI statement said on Saturday. This comes amid ongoing scrutiny over massive alleged financial irregularities involving loans from public sector banks, with total losses to banks and financial institutions estima…
New Delhi, March 20 (IANS) Reliance Group chairman Anil Ambani was interrogated by the CBI here for seven hours on Friday for the second day in a row in connection with the alleged Rs 2,929.05 crore SBI fraud case. The CBI had registered an FIR on August 21, 2025, following a complaint filed by SBI over allegations of fraud to the tune of Rs 2,929.05 crore on the public sector bank, in which Reliance Communications Limited, Anil D. Ambani and others, including unknown public servants, are accuse…
Mumbai, March 20 (IANS) State Bank of India on Friday said it has received an income tax demand of Rs 63,375 crore for the assessment year 2023–24 and said it will challenge the order.The public lender lender informed stock exchanges that it has received a tax demand notice from the Income Tax Department following scrutiny assessment proceedings.The order, dated March 19, 2026, includes a total demand of Rs 63,375 crore, which also covers interest.The bank said the demand has been raised due t…
New Delhi, March 19 (IANS) The ED attached two immovable properties in Jharkhand and Bihar, worth Rs 97.92 lakh, belonging to a former Branch Manager of State Bank of India (SBI) in connection with a Rs 5.4 crore fraud involving inactive accounts of deceased pensioners, an official said. The Directorate of Enforcement (ED), Ranchi Zonal Office, attached the properties in Bihar and Jharkhand that belonged to Manoj Kumar, former Branch Manager, under the provisions of the Prevention of Money La…