Mumbai, March 2 (IANS) State Bank of India (SBI) on Monday announced that Nitin Chugh has been relieved from his role as Deputy Managing Director and Head of Digital Banking & Transformation with effect from March 2, 2026.In a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank said Chugh’s contractual tenure was scheduled to end on March 3, 2026.However, as March 3 is a public holiday, he was relieved from his dut…
Latest State Bank of India News & Updates
Mumbai, March 1 (IANS) The market capitalisation of Tata Consultancy Services (TCS) dropped by Rs 18,180.89 crore last week, bringing its total valuation down to Rs 9,53,872.59 crore, as equity markets remained under pressure.Overall, nine of the top-10 most valued companies together lost Rs 2,18,902.09 crore in market valuation during the week — reflecting a bearish trend in the stock market.The BSE benchmark index declined sharply by 1,527.52 points, or 1.84 per cent, over the same period.Acc…
Jaipur, Feb 27 (IANS) The Central Bureau of Investigation (CBI) has arrested a Proclaimed Offender who had been evading arrest for nearly three decades in connection with a bank fraud case dating back to 1992, an official statement said on Friday.The case relates to fraudulent financial transactions that allegedly caused wrongful loss to the erstwhile State Bank of Bikaner & Jaipur (SBBJ), which later merged with the State Bank of India. Following a detailed probe, the CBI filed a charge she…
New Delhi, Feb 26 (IANS) The Central Bureau of Investigation (CBI) conducted searches at the residences of industrialist Anil Ambani and offices of Reliance Communications (RCom) after registering a second case against the company on the complaint given by the Bank of Baroda dated February 24 for offences of conspiracy, cheating under the IPC, and criminal misconduct and abuse of official position under the Prevention of Corruption Act.The case has been filed against Anil Ambani, promoter and er…
New Delhi, Feb 25 (IANS) Credit card spending remained subdued at Rs 1,990 billion in January 2026, growing 8.1 per cent year-on-year, a report has said on Wednesday.However, data compiled by Asit C. Mehta Investment Intermediates Limited showed that it has declined by 2.7 per cent compared to the previous month.The report noted that the sequential decline in spending was largely driven by lower spends from the top four banks.State Bank of India saw the biggest drop, with spending falling by Rs …
Mumbai, Feb 25 (IANS) Indian stock markets ended slightly higher on Wednesday, even though they gave up most of their early gains during the day. Heavyweights like Reliance Industries and State Bank of India put pressure on the indices, while buying in metal and IT stocks helped limit the losses.The Nifty closed 57.85 points, or 0.23 per cent, higher at 25,482.50. The Sensex ended up 50.15 points, or 0.06 per cent, at 82,276.07.Analysts said that the 25,400 level is acting as immediate structura…
New Delhi, Feb 24 (IANS) India’s GDP growth in the third quarter of FY26 is likely to come at 8-8.1 per cent, an SBI Research report said on Tuesday, adding that the domestic economy has maintained strong growth momentum despite global headwinds.High-frequency activity data indicates resilient economic activity in Q3 FY26 (October-December 2025). “Rural consumption remains strong, driven by positive signals from farm and non-farm activity. Supported by fiscal stimulus, urban consumption show…
New Delhi, Feb 22 (IANS) Minister of State (MoS) for Personnel, Public Grievances and Pensions, Jitendra Singh, will on Monday, inaugurate the 58th Pre-Retirement Counselling Workshop (PRC) to educate government employees in Guwahati, an official said on Sunday. “It is expected that around 350 retirees, currently posted across Assam and due for retirement in the next 12 months, will benefit hugely from this Pre-retirement Counselling Workshop,” a statement said.”The workshop, to be organised by …
Mumbai, Feb 22 (IANS) The combined market valuation of six of India’s top-10 most valued companies rose by Rs 63,478.46 crore last week, with Larsen & Toubro and State Bank of India emerging as the biggest gainers.The broader market also ended the week on a positive note, as the 30-share BSE Sensex advanced 187.95 points, or 0.22 per cent.Among the gainers, Larsen & Toubro saw its market capitalisation jump by Rs 28,523.31 crore to Rs 6,02,552.24 crore.State Bank of India added Rs 16,0…
Washington, Feb 17 (IANS) India’s ambitious rooftop solar expansion plan on Tuesday secured a $197.67 million guarantee from the World Bank Group’s guarantee arm. The five-year backing supports refinancing of a $500 million World Bank loan to the State Bank of India for grid-connected solar systems serving commercial and industrial users.The Multilateral Investment Guarantee Agency (MIGA), which houses the World Bank Group Guarantee Platform, issued the guarantee to Citibank N.A. for …