New Delhi, April 19 (IANS) The combined market valuation of eight of India’s top-10 most valued companies surged by Rs 1.87 lakh crore in a holiday-shortened week.The positive momentum in the broader market saw the Sensex rise by 943.29 points, or 1.21 per cent, while the Nifty advanced 302.95 points, or 1.25 per cent, during the week.Among individual stocks, Bharti Airtel recorded the sharpest increase in valuation, adding Rs 58,831.52 crore to take its total market capitalisation to Rs 11,25…
Latest State Bank of India News & Updates
New Delhi, April 18 (IANS) The fact-checking unit of the Press Information Bureau (PIB) has dismissed reports circulating online, which claimed that the Reserve Bank of India (RBI) has introduced new guidelines permitting the exchange of discontinued currency.The fact-checking unit dismissed these claims as fake, clarifying that the RBI has made no such announcement.“Some news reports claim that the Reserve Bank of India (RBI) has issued new guidelines to exchange discontinued currency notes. …
New Delhi, April 17 (IANS) The Union Government on Friday allowed 15 major banks, including State Bank of India, HDFC Bank, and ICICI Bank, to import gold and silver from April 1, 2026, to March 31, 2029. The Union Bank of India and Sberbank have been authorised to import only gold during this period.The notification has been issued by the Directorate General of Foreign Trade (DGFT).The move is part of the government’s ongoing effort to streamline bullion imports and ensure they are routed thr…
New Delhi, April 16 (IANS) The government’s fact-checking arm PIB Fact Check on Thursday debunked a viral video that falsely shows Finance Minister Nirmala Sitharaman endorsing a high-return investment scheme, warning citizens against falling for such misinformation.In a post on social media platform X, PIB Fact Check said the video, which claims that an investment of Rs 22,000 could yield returns of Rs 5.5 lakh within a week, is fake and generated using artificial intelligence.“A viral vide…
New Delhi, April 16 (IANS) A Delhi court on Thursday sent two former senior officials of the Anil Ambani-led Reliance Group — Amitabh Jhunjhunwala and Amit Bapna — to five days’ Enforcement Directorate (ED) custody in connection with a money laundering probe linked to an alleged bank loan fraud case.The Special Judge, PMLA, at the Rouse Avenue Courts allowed the ED’s plea for custodial interrogation, sending the duo to the agency’s custody, even as the federal anti-money laundering age…
Mumbai, April 12 (IANS) Indian equity markets witnessed a sharp rally last week, lifting the combined market valuation of eight out of the top-10 most valued companies by a massive Rs 4,13,003.23 crore.The gain was led by strong gains in banking heavyweights HDFC Bank and ICICI Bank.The upbeat sentiment in the market was reflected in benchmark indices, with the Sensex surging 4,230.7 points or 5.77 per cent, while the Nifty climbed 1,337.5 points or 5.88 per cent during the week.According to Aji…
New Delhi, April 6 (IANS) Digital payments platform PhonePe on Monday announced a limited-period offer on its newly launched co-branded credit card with State Bank of India.The PhonePe SBI Card is being offered with zero joining fee for the first year, allowing customers to access its benefits without any upfront cost.“Users can enjoy the premium benefits of the card at no cost for the first year,” the fintech platform said.The card, available on both RuPay and Visa platforms, is tailored fo…
New Delhi, April 6 (IANS) The Reserve Bank of India’s three-day Monetary Policy Committee (MPC) meeting began on Monday, with analysts widely expecting the central bank to keep the repo rate unchanged amid heightened uncertainty due to the West Asia conflict.The meeting — scheduled from April 6 to April 8 — comes at a time when rising crude oil prices and global geopolitical tensions have clouded the inflation outlook.While the RBI is likely to maintain the status quo in the upcoming policy,…
New Delhi, April 5 (IANS) As the West Asia situation is still evolving, the Reserve Bank of India (RBI) is likely to maintain status quo in the upcoming monetary policy committee (MPC) meeting next week (April 6-8), a report by SBI Research said on Sunday.As the first policy since the staring of US-Israel and Iran war, the RBI would be much careful in communicating its position.The Central Bank needs to “concomitantly explore the probability of conducting Operation Twist” that pushes up the …
New Delhi, April 1 (IANS) The government’s Fact Check Unit under the Press Information Bureau (PIB) has published 2,913 fact checks across its official social media platforms, dispelling a range of fake claims related to the Union government — including deepfakes, AI-generated and misleading videos, notifications, letters and websites, an official statement said on Wednesday.”During Operation Sindoor, the PIB Fact Check Unit actively identified misinformation and hostile narratives circulating …