Thursday, 6 October, 2022

Topic: SBI

CBI arrests founder of ABG Shipyard for bank fraud of Rs 22,842 crore, biggest in country

A forensic audit revealed several accused colluded together and committed illegal activities, including diversion of funds, misappropriation and criminal breach of trust between 2012 and 2017.

CBI searches 25 locations after coins worth Rs 11 cr go missing from SBI vaults in Rajasthan

The searches were spread across Delhi, Jaipur, Dausa, Karauli, Sawai Madhopur, Alwar, Udaipur and Bhilwara, at the premises of around 15 former bank officials and others.

‘Scapegoat’ or mastermind of 1992 scam? Harshad Mehta’s fall from grace still haunts family

Harshad Mehta’s wife Jyoti has launched a website in her late husband’s name, to publicly share the ‘harassment’ their family is being subjected to.

Loan demand at SBI rising despite inflation, higher borrowing costs, says chairman

Loan growth at India's biggest lender is expected to be robust, underpinned by demand from businesses after two straight years of credit contraction.

As CBI probes mystery of SBI’s missing coins worth over Rs 11 cr, here’s what its FIR states

According to the FIR, SBI had constituted a committee for an audit of coins worth close to Rs 13 crore held by the bank. But coins worth Rs 11,62,11,275 were found missing.

Indian banks ‘unprepared’ for climate-related risks, RBI must take action, new report says

None of the 34 banks Climate Risk Horizons analysed have assessed the resilience of their portfolios in the face of climate change. Only 2 have committed to stop funding new coal power plants.

SBI profit in third quarter rises 62% on improved consumer demand

With a fifth of India’s loan market, SBI is a key barometer on the health of the country’s financial sector and a key player for economic revival.

‘Baboo’s feelings hurt’?— How precursor to SBI treated Indian customers in British era

In ‘The SBI Story’, Vikrant Pande traces the history of India’s oldest bank, and how it came to be during the British Raj.

How did SBI become synonymous with banking in India? New book tells story of last 2 centuries

Published by Westland Books, The SBI Story by Vikrant Pande, will be released on 2 February on SoftCover, ThePrint’s e-venue to launch select non-fiction books.

SBI, Amundi Asset Management plan to offload combined 10% stake in mutual fund JV via IPO route

India’s largest lender aims to sell a 6% stake in SBI Funds Management and Amundi 4%, the firms said in separate filings Wednesday. The IPO will seek to raise about $1 billion.

On Camera


The BMW i4 eDrive40. Photo Credit: BMW

Ukraine crisis gave auto sector a crude shock. See how India is responding

The PLI scheme as well as other sops for manufacturing, show that despite some public missteps, government is trying to coax manufacturing into India.

Indian refiners scout for oil deals ahead of EU ban on Russian crude imports

European Union ban on Russian crude imports from 5 Dec will drive European refiners to buy more Middle East oil, putting them in competition with Asian buyers.


File photo of a BrahMos firing by a Su-30 MKI | Credit: IAF

IAF to increase Sukhois armed with BrahMos supersonic cruise missile with over 500km-range

The IAF currently has 40 SU-30 MKI with BrahMos, the only supersonic cruise missile in the world.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.