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The Latest Breaking News from State Bank of India

Indian economy to surpass 7% growth in FY 23: SBI research report

NEW DELHI: The Indian economy is on track to surpass 7 per cent growth rate in Fiscal Year 2023 with manufacturing being the key driver, according to a report released by the State Bank of India.

The Times of India

Former Andhra Pradesh hoopster Ravikanth Gali breathes his last on YMCA court

HYDERABAD: Thursday was a sad day for the basketball fraternity of the city as former Andhra Pradesh and State Bank of India (Hyderabad circle) basketball player Gali Ravikanth breathed his last after suffering a massive cardiac arrest while ‘warming up’ at the YMCA Secunderabad basketball court.

The Times of India

Economic growth likely at 4.6% in December quarter: SBI economists

MUMBAI: Economists at the State Bank of India (SBI) have projected a GDP growth of 4.6 per cent for the December quarter, citing that as many as 30 high frequency indicators are not as robust as they were in the previous quarters.

The Times of India

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Adani vs Hindenburg saga: 10 things which have happened so far

NEW DELHI: Amid reports of cut in growth targets and capex, Adani Group on Monday said that its growth plans are intact, business plans are fully funded and it remains confident of delivering returns to shareholders.

The Times of India

Nirmala Sitharaman assures investors, RBI says keeping vigil: Top developments in Adani-Hindenburg row

NEW DELHI: After 6 days of market rout, few of the Adani Group stocks rebounded on Friday after French energy company TotalEnergies' positive sentiment on the firm.

The Times of India

SBI has $2.6 billion of loans to Gautam Adani

MUMBAI: State Bank of India, the country’s largest financier, has given loans of as much as $2.6 billion to companies in the Adani conglomerate, or about half of what is allowed under the rules, according to a person familiar with the matter.

The Times of India

Digital rupee a game changer, says SBI chairman Dinesh Khara

NEW DELHI: SBI chairman Dinesh Khara on Friday said the Reserve Bank's first pilot project for retail digital rupee is a "game changer" with durable effects that should ensure better monetary transmission at much lesser costs.

The Times of India

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SBI Reports Highest Profit, Broking Houses Lauding Us: Chairman

Chairman of the country's biggest lender State Bank of India (SBI) Dinesh Khara on Saturday asserted that analysts and broking houses are praising the financial performance of the bank which reported its highest profits recently. Read on for details:

Dynamite News

Despite global slowdown, India's exports to top last year’s record of $420 billion

NEW DELHI: India's exports are set to hit a new record in the current fiscal year, a report by economists at State Bank of India (SBI) said. Last year, India achieved record exports worth $420 billion, surpassing its target of $400 billion during the year. The feat was achieved 9…

The Times of India

Fiscal hara-kiri: SBI report urges SC to cap freebie spending at 1% of state GDP

NEW DELHI: With freebies becoming a go-to option for states, a report by State Bank of India (SBI) economists, urged a Supreme Court-led panel to cap such expenses at 1% of the state's GDP.

The Times of India

Supplyco signs deal for speedy disbursal of paddy procurement price

KOCHI

The Hindu

Mcap of six of top-10 most valued firms tumble Rs 2 lakh crore; TCS, Infosys biggest laggards

NEW DELHI: Six of the top-10 most valued firms suffered a combined erosion of Rs 2,00,280.75 crore from market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid weak trend in equities.

The Times of India

State Bank opening rupee accounts for trade with Russia

State Bank of India (SBI), the country’s largest lender, is opening special rupee accounts to handle Russia-related trade settlements in the local currency but is not the main bank for such business.

The Times of India

Trade settlement with Russia in rupees to start soon: Export body president

India will soon start settling trade with Russia in rupees as the State Bank of India has agreed to facilitate the process, the president of India's exporter group, Federation of Indian Export Organisations (FIEO), A Shaktivel told reporters on Wednesday. Read more on Dynamite News:

Dynamite News

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The Hindu

Bank fined for dishonouring cheque in Kannada

Dharwad District Consumer Redressal Forum imposes ₹85,177 fine on Haliyal branch of State Bank of India

The Times of India

In charts: India likely to overtake Japan as third-largest economy by 2029

NEW DELHI: With India surpassing the United Kingdom (UK) to become the world's fifth largest economy, a report by the State Bank of India (SBI) suggests that the country will outstrip two other major economies to become the third-largest economy by 2029.

The Hindu

Vijay Mallya didn’t deposit any money with tribunal till August 18: DRT officer to SC

The top court had on July 11 sentenced the fugitive businessman to four months in jail for contempt of court

The Times of India

SBI launches its first dedicated branch for start-ups in Bengaluru

BENGALURU: State Bank of India (SBI) on Tuesday announced the launch of its first "state-of-the-art" dedicated branch for start-ups in the country here, to facilitate and support them.

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The Hindu

SBI donates ambulance to UoH

HYDERABAD

The Hindu

Gold jewellery from Periyapalayam’s Bhavani Amman temple handed over to SBI

The ornaments will be taken to the Reserve Bank of India mint in Mumbai, where they will be melted and deposited in the bank

The Times of India

Walkathon held in Bengaluru

BENGALURU: The State Bank of India on Monday organised a walkathon to celebrate the 513th birth anniversary of Kempegowda. The 24-km walkathon touched the four towers constructed by Kempegowda across the city. The bank employees started the walk from the tower in Ramana Maharshi Park at Mehkri Circle followed by…

The Times of India

SBI hikes minimum interest rate on home loans to 7.55%

MUMBAI: The country's largest lender State Bank of India has hiked the minimum interest rates for home loans to 7.55 per cent effective Wednesday.

The Times of India

India created 146 lakh payroll in FY22; formalisation rate at 8%: Report

NEW DELHI: Bucking the slump created by Covid-19 pandemic since the past 2 years, India created 146 lakh payroll in financial year 2021-22, a report by State Bank of India (SBI) economists showed on Friday.

The Times of India

Explained: Why inflation in India will take time to moderate even after rate hikes

NEW DELHI: At a time when major economies are bracing up with measures to control soaring prices of essential commodities, a report by State Bank of India (SBI) economists cautioned that India's inflation internals are much different than those of advanced economies like the US.

Dynamite News

Business: SBI raises lending rate by 0.1%; EMIs to go up

The State Bank of India (SBI) has raised its marginal cost of funds based lending rate by 10 basis points or 0.1 per cent across all tenures leading to an increase in EMIs for borrowers. Read morw on Dynamite News:

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