| Date | Title | Description |
| 04.07.2024 | State Bank of India launches UPI tap-and-pay on the BHIM SBI PAY app | State Bank of India (SBI) has launched 11 initiatives, including UPI tap and pay, YONO Business and Corporate Internet Banking for small businesses and automated intimation on loan proposals, catering to diversified customer profiles and th... |
| 03.07.2024 | Tata Group Emerges Victorious in the Battle for Brand Supremacy | In the ever-evolving landscape of brand value and recognition, the Tata Group has once again emerged as the undisputed leader in India's brand hierarchy. With a staggering brand value of $28.6 billion, the Tata Group has showcased a remarka... |
| 03.07.2024 | Bank job aspirants question Cibil score criteria for clerical posts | “Bank clerical jobs are the mainstay of job aspirants in the country. When we are not taking any loans, what is the justification for making Cibil rating as one of the criteria for selection?” This is how N Sravan Kumar, a software engineer... |
| 01.07.2024 | CyberPeace Hosts Jharkhand’s Inaugural eSports Championship | On Sunday, CyberPeace and CyberPeace Cafe organized Jharkhand’s first-ever eSports championship, the CyberPeace eSports League, in celebration of World Social Media Day. The event took place at Level 7-CyberPeace Café, located near Reliance... |
| 01.07.2024 | ‘A quintessential all-rounder, banking is in Setty’s DNA’ | Banking is in Challa Sreenivasulu Setty’s DNA, considering that he spent school vacations collecting debt owed to his father’s grocery store in rural Andhra Pradesh.
From collecting small sums in the hinterland during childhood to ensuring ... |
| 01.07.2024 | State Bank of India Unveils New Initiatives on its 69th Foundation Day | On the 69th Foundation Day, the State Bank of India (SBI) introduced several new offerings designed to enhance the banking experience for current customers and broaden accessibility for potential customers. A total of 11 initiatives have be... |
| 01.07.2024 | SBI launches web-based digital business loans solution for MSMEs’ invoice financing | State Bank of India (SBI) has launched “MSME -Sahaj”, a web-based digital business loans solution for MSMEs’ (micro, small and medium enterprises) invoice financing.
Also read: SBI raises ₹10,000 crore through infra bonds
With the new web-b... |
| 30.06.2024 | Rise in Yarn Exports to China Boosts India’s Textile Industry | In FY24, India’s yarn exports experienced significant growth, with shipments to China increasing from 10 percent in FY23 to 21 percent. This surge is attributed to competitive prices of Indian cotton and the issues surrounding Xinjiang cott... |
| 29.06.2024 | FSIB Recommends Challa Sreenivasulu Setty as Next Chairman of SBI | The Financial Services Institutions Bureau (FSIB), responsible for appointing senior executives to public sector financial institutions, has recommended Shri Challa Sreenivasulu Setty as the next Chairman of the State Bank of India (SBI). T... |
| 27.06.2024 | Tata Group retains India’s most valued brand title: Brand Finance Report | The Tata Group has retained its title as India’s most valuable brand in the latest rankings released by Brand Finance. The Group’s brand value was pegged at $28.6 billion, up 9 per cent on the back of a refreshed business strategy focusing ... |
| 27.06.2024 | President Murmu says reforms made PSU banks profitable; SBI at record profit, LIC more robust now | President Droupadi Murmu said SBI is at a record profit, and LIC is more robust.
President of India Droupadi Murmu said on Thursday, 27 June that the reforms carried out by the government over the last 10 years have made PSU banks robust, p... |
| 26.06.2024 | SBI's Strategic Branch Expansion and Infrastructure Development Initiatives in India | State Bank of India (SBI), the largest lender in India, is embarking on a significant network expansion plan in the current financial year, with the goal of establishing 400 new branches across the country. This move underscores SBI's commi... |
| 26.06.2024 | SBI raises ₹10,000 crore through infra bonds | State Bank of India (SBI) has raised ₹10,000 crore today at a coupon rate of 7.36 per cent through its fifth infrastructure bond issuance. The issue attracted an overwhelming response from investors, with bids in excess of ₹19,884 crore, an... |
| 25.06.2024 | SBI to Open 400 New Branches Nationwide
Pak Delegation and Experts Inspect Power Projects
Odisha Seeks Increased Funds for Infrastructure Development
Signify Expanding in India, Evaluating Global Manu... | ECONOMY & POLICY SBI to Open 400 New Branches Nationwide
25 Jun 2024 2 Min Read CW Team
State Bank of India (SBI), the country?s largest lender, has unveiled an ambitious plan to open 400 new branches across India in the current financi... |
| 24.06.2024 | SBI MD says bring InvITs under bankruptcy law
Delhi-Meerut Rapid Rail Corridor 50% Complete
Pranik Logistics Files DRHP for IPO
Kumaraswamy Discusses Bengaluru-Sathy Railway Line | ECONOMY & POLICY SBI MD says bring InvITs under bankruptcy law
24 Jun 2024 3 Min Read CW Team
A top official from SBI stated that Infrastructure Investment Trusts (InvITs) are currently immune from insolvency proceedings and emphasised ... |
| 24.06.2024 | SBI to unveil 400 branches in FY25
Delhi-Meerut Rapid Rail Corridor 50% Complete
Pranik Logistics Files DRHP for IPO
Kumaraswamy Discusses Bengaluru-Sathy Railway Line | ECONOMY & POLICY SBI to unveil 400 branches in FY25
24 Jun 2024 1 Min Read CW Team
State Bank of India (SBI) is gearing up for a substantial network expansion in the current financial year, aiming to establish 400 new branches nationwid... |
| 23.06.2024 | RBI's Digital Rupee: What's the Status and Where is it Headed? Notably, in its annual report, RBI hinted that CBDC was gradually gaining traction in the retail segment | Proposed in 2017 and launched in 2022, the Reserve Bank of India's digital rupee, or Central Bank Digital Currency is a digital substitute for the apex body-issued physical notes and coins.
RBI launched the digital rupee or e₹ pilot for the... |
| 23.06.2024 | SBI plans to open 400 branches in FY25: Chairman Khara | As part of the network expansion plan, State Bank of India (SBI) is planning to open 400 branches across the country in the current financial year.
The country's biggest lender opened 137 branches last fiscal. Of the total, 59 new rural bra... |
| 23.06.2024 | Share of term deposits offering 7% plus interest rate jumps to 64.4% of banks’ total TDs | The share of term deposits (TDs) offering 7 per cent and above interest rate has jumped to 64.4 per cent of banks’ total TDs as at March-end 2024, against 33.7 per cent as at March-end 2023.
Also read: Repo rate: Any hasty action will cause... |
| 22.06.2024 | About 16% of Reliance shareholders oppose reappointment of Aramco chairman as director | Reliance Industries' shareholders have approved the reappointment, of Saudi Aramco Chairman, Yasir Othman H Al-Rumayyan, as an independent director, on the company's board, for five years, but, over 16 per cent, voted against the proposal.
... |
| 21.06.2024 | SBI will raise up to Rs 3 Bn via long-term bonds
KEI Industries Faces Rs 80 Mn Daily Loss Amid Wage Dispute
Hyderabad Aims for World-Class Status
Ferrari's First Electric Car Debuts | ECONOMY & POLICY SBI will raise up to Rs 3 Bn via long-term bonds
21 Jun 2024 2 Min Read CW Team
In the current fiscal year, the bank has already declared its intention to raise up to $3 billion in long-term financing from the global ma... |
| 21.06.2024 | State Bank of India pays record dividend of close to Rs 7,000 cr to Centre | The cheque was presented by Dinesh Kumar Khara, the chairman of country’s largest public sector lender, to Union finance minister Nirmala Sitharaman.
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| 20.06.2024 | Govt asks RBI to exempt sovereign funds from alternative investment fund rules | Credit: Reuters
The Indian government has asked the central bank to exempt sovereign funds from a recent set of tightened rules concerning investments in alternate investment funds (AIFs), according to two government sources and a fund offi... |
| 17.06.2024 | SBI authorised 20,000 digital small business loans since December
Road Contractors No Longer Required to Develop Wayside Amenities
India to Trial Green Steel Using Hydrogen Instead of Coal
Havells to ... | ECONOMY & POLICY SBI authorised 20,000 digital small business loans since December
17 Jun 2024 2 Min Read CW Team
State Bank of India (SBI) has approved approximately 20,000 digital loans ranging from Rs 1 million to Rs 5 million for sm... |
| 17.06.2024 | Public sector banks maintain significant lead in Indian banking landscape | The Public Sector Banks (PSBs) in India hold a dominant position in the banking sector by accounting for more than 50 per cent of the banking business in terms of market share, branches, and Automated Teller Machines (ATMs), highlights a re... |
| 17.06.2024 | SBI expects 14-15% credit growth in current fiscal, says Chairman Dinesh Kumar Khara | State Bank of India (SBI), given the current economic growth rate, is expecting 14-15 per cent loan growth during the fiscal year 2024-25, the bank's chairman Dinesh Kumar Khara said.
Also read: SBI to monetise subsidiaries after scaling up... |
| 15.06.2024 | Investor shift. SBI MF assets grow faster than bank deposits, crossing ₹10 lakh crore | Thanks to the booming equity markets and growing investment culture, the assets under management of SBI Mutual Fund are growing faster than the domestic fixed deposits of its parent, State Bank of India.
The AUM of SBI MF was up 27 per cent... |
| 14.06.2024 | Banks to request RBI to incentivise green financing | Banks plan to request the Reserve Bank of India (RBI) to incentivise green financing, including considering this category of lending, irrespective of loan limit, as priority sector lending (PSL) or excluding infrastructure sector exposure f... |
| 12.06.2024 | Sundaram Home plans to disburse ₹300 cr in FY25 under emerging business segment | Sundaram Home Finance has launched a new vertical, the emerging business segment, to target the affordable housing (AH) market as part of its diversification strategy. This segment will initially include small business loans (SBL) and AH le... |
| 11.06.2024 | SBI launches ‘SME Digital Business Loans | State Bank of India (SBI) has launched ‘SME Digital Business Loans’, offering end-to-end sanction turnaround time of up to 45 minutes for SMEs (small and medium enterprises).
SME Digital Business Loans leverages technology and an ecosystem ... |
| 11.06.2024 | At $742 billion, SBI’s balance sheet exceeds GDP of 174 nations | At ₹62 lakh crore, the State Bank of India’s balance sheet size is equivalent to 21 per cent of India’s GDP and has surpassed the GDP of 174 countries worldwide, according to Motilal Oswal Financial Services Ltd (MOFSL).
There are only 22 c... |
| 11.06.2024 | State Bank of India to raise up to $3 bn via debt in FY25 | State Bank of India, the country's largest lender, said on Tuesday that its board has approved raising up to $3 billion via debt in the current financial year.
The state-run lender will raise the funds in one or more tranches through a publ... |
| 10.06.2024 | SBI sanctioned ₹2,030 cr under co-lending tie-up with NBFCs | State Bank of India has so far entered into co-lending tie-ups with 23 non-banking finance companies (NBFCs)/housing finance companies (HFCs) in a bid to enhance its reach to the unserved and under-served populace.
Further, India’s largest ... |
| 10.06.2024 | Vinod Jaiswal takes over as CGM at SBI Bengaluru circle | Vinod Jaiswal has been appointed as the Chief General Manager of State Bank of India (SBI), Bengaluru circle.
This region includes the bank’s operations across Karnataka, encompassing over 1,700 branches and offices, and oversees a balance ... |
| 08.06.2024 | Ixigo's Ascension to IPO Triumph: A Journey of Strategic Investments and Promising Growth | Le Travenues Technology Limited, the visionary force behind the popular travel booking platform Ixigo, has recently secured a substantial sum of Rs 333 crore from anchor investors in anticipation of its much-anticipated initial public offer... |
| 08.06.2024 | Before going public, Ixigo raised Rs 333 Cr from anchor investors | As part of its initial public offering, parent company Le Travenues Technology Limited, which operates the travel booking platform Ixigo, has made shares valued at Rs 333 crore ($40 million) available to anchor investors.
Ixigo’s regulatory... |
| 07.06.2024 | RBI Monetary Policy 2024 reactions | Dinesh Kumar Khara, Chairman, State Bank of India, said: “The RBI growth upgrade in the policy reaffirmed India’s continued robust growth post pandemic. Domestic growth inflation outlook has moved favourably with inflation moving below 4% i... |
| 06.06.2024 | Indian shares seen opening slightly higher as Modi set for third term | - |
| 06.06.2024 | RBI Monetary Policy June 2024: Check date, time and what to expect | - |
| 06.06.2024 | Effective Methods for Calculating Interest Rates on Fixed Deposit Accounts | Mumbai, Maharashtra, India
In the field of financial strategy, Fixed Deposit (FD) accounts present themselves as a steadfast and secure investment solution. The appeal of fixed returns and minimal risk positions them as the top choice for a... |
| 05.06.2024 | Orb Energy & SBI Partner for Solar
Tata Power Solar: Nationwide Solar Drive
Cairn Oil & Gas: Net-Zero 2030
AI Platform for ESG Compliance | POWER & RENEWABLE ENERGY Orb Energy & SBI Partner for Solar
05 Jun 2024 3 Min Read CW Team
Orb Energy has partnered with the State Bank of India (SBI) under the Surya Shakti Solar Finance Scheme to boost solar adoption in India. Thi... |
| 05.06.2024 | RBI should adopt innovative mechanisms to manage system liquidity: SBI Research | RBI should adopt more innovative mechanisms to manage system liquidity because the current liquidity trend shows an average deficit of ₹0.6 lakh crore in FY25, according to a new research report from the economic department of the State Ban... |
| 05.06.2024 | Banks' special FD schemes ending in June: Check details to invest | - |
| 04.06.2024 | New election mantra for markets: Buy on exit polls, sell on results | - |
| 04.06.2024 | Reforms, PLI: CEOs expect new govt to maintain policy continuity | - |
| 03.06.2024 | Nifty Bank index races past 50,000 mark in post-election euphoria | - |
| 03.06.2024 | Rs 2,000 banknotes worth Rs 7,755 cr left with public; 97.82% returned | - |
| 03.06.2024 | Canara Bank seeks regulatory nod to convert software subsidiary into NBFC | Canara Bank has initiated the process of seeking regulatory approval to convert its software services and products subsidiary into a non-banking finance company (NBFC). After this conversion, the bank will hive off its credit card division ... |
| 03.06.2024 | SBI, Power Grid can turbocharge your portfolio; 5 PSU stocks to bet on | - |
| 03.06.2024 | SBI market-cap crosses Rs 8 trillion-mark for 1st time; stock rallies 8.4% | - |
| 03.06.2024 | Decoded: Analysts explain where to invest as exit polls predict Modi win | - |
| 03.06.2024 | Nifty PSU Bank index zooms 9%; SBI, Central Bank, BOB rally up to 12% | - |
| 03.06.2024 | Kolkata Metro rolls out UPI in all stations
ULB administrators receive 3-month extension
Kashi-style corridors coming soon to major UP cities
CM Inspects Smart City Projects, criticises consultants fo... | RAILWAYS & METRO RAIL Kolkata Metro rolls out UPI in all stations
03 Jun 2024 2 Min Read CW Team
Kolkata Metro Railway has implemented the UPI payment system across all stations along the North-South corridor, extending the convenience ... |
| 03.06.2024 | SBI surges to become seventh Indian listed company with Rs 8 lakh crore market capitalisation | Previously, Reliance Industries Ltd, Tata Consultancy Services Ltd, HDFC Bank, Bharti Airtel, Infosys, and ICICI Bank have all attained this milestone.
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| 03.06.2024 | Nifty Bank hits 50,000 mark for the first time ever; Check key reason | - |
| 03.06.2024 | SBI joins the Rs 8-trillion m-cap league; eyes $100 billion m-cap | - |
| 02.06.2024 | FPIs take out over Rs 25,586 cr from equities in May on poll jitters | - |
| 01.06.2024 | Will take decisive steps to stabilise banking system: FM Sitharaman | - |
| 01.06.2024 | Indian bankers get ready for IPO surge as elections come to a close | - |
| 31.05.2024 | Modi govt revived banking sector, Rs 10 lakh cr bad loans recovered: FM | - |
| 31.05.2024 | India's FY24 fiscal deficit lower than full-year target, shows govt data | - |
| 31.05.2024 | Bull spread on SBI: Buy Call at Rs 850, says Nandish Shah of HDFC Sec | - |
| 31.05.2024 | India Q4 GDP numbers today: Will the actual data match the predictions? | - |
| 31.05.2024 | US Payments Giant Stripe Goes Invite-Only In India | SUMMARY
Without offering any clarity on the move, Stripe said that it was working to build its infrastructure to support more users by the second half of 2025
Citing the evolving regulatory landscape in India, Stripe also said that it was n... |
| 31.05.2024 | Unsecured retail credit growth slows down in April 2024: RBI data | - |
| 31.05.2024 | ARCs misused by 'tainted' promoters: RBI Deputy Governor M Rajeshwar Rao | - |
| 31.05.2024 | Economic strength or extreme euphoria: What's driving Indian stock markets? | - |
| 31.05.2024 | India's GDP growth rate jumps to 7.8% in Q4; FY24 growth at 8.2% | - |
| 30.05.2024 | Unclaimed deposits with banks rise 26% to Rs 78,213 crore: RBI report | - |
| 30.05.2024 | This PSU bank stock has hit record high in weak market; zoomed 121% in 1 yr | - |
| 30.05.2024 | RBI plans regulations to bolster financial sector, says annual report | - |
| 30.05.2024 | Bank frauds rise 166% in FY24 to over 36,000 cases, shows RBI annual report | - |
| 30.05.2024 | Cashfree ropes in former Razorpay VP Harsh Gupta as CRO | Digital payments processor Cashfree has appointed Harsh Gupta, former Senior Vice President, Razorpay, as its new Chief Revenue Officer (CRO), as a part of its larger plan to bolster growth.
Arun Tikoo, the current Chief Business Officer wi... |
| 30.05.2024 | Election turnout 35 million more this time compared to 2019: SBI Research | - |
| 30.05.2024 | Rs 2000 counterfeit notes more than double, says RBI annual report | - |
| 29.05.2024 | North-East states, J&K lead in adopting Aadhar-enabled transactions: Report | - |
| 29.05.2024 | Why are DIIs buying heavily ahead of Lok Sabha elections? Analysts weigh in | - |
| 29.05.2024 | Some Indian asset recast firms circumventing rules: RBI deputy Swaminathan | - |
| 29.05.2024 | SBI-led six-member committee on co-lending to focus on boosting MSME credit | The Department of Financial Services (DFS) is in the process of setting up a committee on co-lending with State Bank of India at the helm. The objective of the committee is to address issues related to co-lending, boosting MSME credit and c... |
| 28.05.2024 | RBI's Historic Surplus Transfer to Government: A Game-Changer in India's Financial Landscape | In a groundbreaking move, the Reserve Bank of India's Central Board of Directors has given the green light to an unprecedented surplus transfer of Rs 2.11 lakh crore to the government for the fiscal year 2023-24. This monumental decision ha... |
| 28.05.2024 | Indian govt bond yields seen steady as traders await fresh triggers | - |
| 27.05.2024 | Facing bank issues? Here's how to file a complaint with the RBI Ombudsman | - |
| 24.05.2024 | MC Exclusive | Yes Bank CEO Prashant Kumar says he's not concerned about shareholding change at the bank | Prashant Kumar, MD and CEO, YES BANK
Prashant Kumar, managing director and chief executive officer (MD & CEO) of Yes Bank, said on May 24 that the lender was not concerned about the looming impact of State Bank of India (SBI), its large... |
| 24.05.2024 | Another milestone: Nifty 50 crosses 23,000-mark for the first time | - |
| 23.05.2024 | BL Explainer. Credit on UPI - Can you get credit against your UPI account? | ‘Credit on UPI’ seems to be the new buzzword in the fintech space, bringing together conversations surrounding both payments and digital lending. Digital lenders have been actively using UPI railroads for data collection and customer access... |
| 23.05.2024 | HSBC acquires 6.125% stake in CCIL IFSC | HSBC, a leading global bank and financial services major, has through its branch in Gift City executed transaction documents to acquire 6.125 per cent equity stake in CCIL IFSC Limited (CCIL IFSC). The investment value for this transaction ... |
| 23.05.2024 | Maldives to launch India's RuPay service amid turbulence in bilateral ties | - |
| 23.05.2024 | PSBs on a roll after RBI doles out Rs 2 trn dividend to govt; index up 2% | - |
| 23.05.2024 | Indian stocks to scale new peaks, rising over 8% this year, shows poll | - |
| 22.05.2024 | Bluechips drive India past $5 trillion market capitalisation milestone | - |
| 22.05.2024 | Indian bond yields flat as traders eye next move to infuse cash in system | - |
| 22.05.2024 | RBI’s Central Board approves ₹2.11-lakh crore surplus bonanza to the Govt | The Reserve Bank of India’s Central Board of Directors on Wednesday declared a bonanza to the Central Government, approving a massive, all-time high surplus transfer of ₹2,10,874 crore for FY24.
This bumper surplus transfer could help the g... |
| 22.05.2024 | Market-cap of BSE-listed firms hits $5 trn, up 49% in a year: 4 reasons why | - |
| 22.05.2024 | Southeast Asian nations account for half of financial frauds in India: MHA | - |
| 22.05.2024 | Indian overseas spending hits all-time high of $31.7 billion in FY24 | - |
| 21.05.2024 | India on cusp of long-awaited economic take-off: RBI monthly bulletin | - |
| 21.05.2024 | The milestone march: India's market capitalisation hits $5 trillion | - |
| 21.05.2024 | State Bank of India once again refuses to disclose electoral bond SOPs | - |
| 21.05.2024 | US Payments Giant Stripe To Enter India With SBI Payments Investment: Report | SUMMARY
According to reports, Stripe is seeking to enter a joint venture with State Bank of India, aiming to acquire a significant stake in SBI Payments Ltd
Currently, SBI Payments is a joint venture between State Bank of India and Hitachi ... |
| 21.05.2024 | NRI deposit flows up 63.5% to $14.7 bn in FY24, the highest in 8 years | - |