Jammu, Feb 2 (IANS) Enforcement Directorate (ED) said on Monday that its Jammu Sub-Zonal Office has filed a chargesheet under the provisions of the Prevention of Money Laundering Act (PLA), 2002, before the Special Court (PMLA) against M/S Bharat Papers Limited and its directors. A press statement issued by ED said, “Jammu Sub-Zonal Office has filed a Prosecution Complaint under the provisions of the Prevention of Money Laundering Act (PLA), 2002 before the Hon’ble Special Court (PMLA) Jammu o…
Latest State Bank of India News & Updates
New Delhi, Feb 2 (IANS) The Budget for 2026-27 is a significant step toward making India a global hub for innovation and advanced manufacturing with global competitiveness as the lynchpin, says Challa Sreenivasulu Setty, Chairman, State Bank of India.The Budget maintains policy continuity, tax predictability while attempting a fine balance between rural and urban, legacy and sunrise sectors.”This year’s Budget has both predictable and futuristic elements. The predictable part is the basic stru…
Mumbai, Jan 31 (IANS) State Bank of India Chairman CS Setty on Saturday said that expectations in the financial sector ahead of the Union Budget remain anchored in continued fiscal prudence and called for a level playing field for financial savings instruments.“As a banker, I would definitely say there should be a level playing field. In an evolving equity environment, there is a case for ensuring a neutral and balanced approach to financial savings instruments,” Setty shared his expectation…
Mumbai, Jan 31 (IANS) India’s largest state-owned lender, State Bank of India, on Saturday announced the launch of CHAKRA — a Centre of Excellence for financing sunrise sectors critical to India’s economic transformation.It will serve as a knowledge‑led platform to enable financing for next‑generation, technology‑driven and sustainability‑focused sectors.The centre will focus on eight sunrise sectors including renewable energy, advanced cell chemistry and battery storage, electric mob…
Raipur, Jan 30 (IANS) Chhattisgarh Chief Minister Vishnu Deo Sai hailed the development as a testament to the state’s unwavering commitment. In a post on X, he stated, “A Naxal-free Bastar and a secure Chhattisgarh is our resolve.” He emphasised that the incident reflects the expanding atmosphere of trust, security, and development in Bastar. The Chief Minister credited the success to coordinated security operations, the establishment of robust security camps, enhanced road connectivity, and sus…
Bhubaneswar, Jan 30 (IANS) The Economic Offences Wing (EOW) of the Odisha Police has arrested three accused fraudsters for allegedly duping several investors of over Rs 2 crore on the pretext of online trading, a senior EOW official informed on Friday. The accused, identified as Bikram Keshari Sahoo of the Patia area, Dinesh Moharana of Soubhagya Nagar, and Sarbanam Sabat of the Sahid Nagar area of Bhubaneswar, were arrested in connection with a case registered based on a complaint lodged by one…
New Delhi, Jan 28 (IANS) Even as the RBI has cut repo rate by 125 basis points and has proactively injected/announced Rs 6.6 lakh crore in the current fiscal as part of open market operations (OMO), yields are refusing to budge down, as such level of liquidity management has resulted in asymmetric transmission across market segments, an SBI Research report said on Wednesday.This is unprecedented as this is the largest OMO in the history of monetary management. Factoring in the CRR injection, the…
Mumbai, Jan 27 (IANS) India’s benchmark stock market indices ended higher on Tuesday after a highly volatile trading session, supported by improved investor sentiment following the announcement of a bilateral trade deal between India and the European Union.At the close of trade, the Nifty rose 0.51 per cent, or 126.75 points, to settle at 25,175.40. The Sensex also ended higher, gaining 319.78 points, or 0.39 per cent, to close at 81,857.48.“A sustained breakout above 25,400 would be require…
New Delhi, Jan 27 (IANS) Bank employees across the country went on strike on Tuesday to protest for their demands, including the immediate implementation of a five-day work week in the sector, leading to widespread disruption of banking services, including cash deposits, withdrawals, cheque clearances and other routine transactions. The nationwide strike was called by the United Forum of Bank Unions (UFBU).In Gujarat’s Vadodara, employees of nationalised banks joined the strike in large numbers….
New Delhi, Jan 26 (IANS) Banking operations at public sector banks across the country are likely to be disrupted on Tuesday as the United Forum of Bank Unions (UFBU) goes ahead with its nationwide strike demanding a five-day work week.The decision to strike was taken after a conciliation meeting with the Chief Labour Commissioner on January 23 failed to resolve the issue.The UFBU is a joint platform of nine unions representing officers and employees of public sector banks.The timing of the strik…