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A customer uses an automated teller machine (ATM) at a State Bank of India Ltd. (SBI) branch. | Photographer: Karen Dias | Bloomberg

Vodafone to NHAI to SBI to solar power — Why ‘cheapest’ mantra is creating havoc in India

Catering to the bottom of the pyramid with ‘cheap’ services has forced many businesses in India’s infrastructure sector to go belly up.
A customer uses an automated teller machine (ATM) at a State Bank of India Ltd. (SBI) branch. | Photographer: Karen Dias | Bloomberg

SBI credit card IPO slips on debut as stock markets crash again

SBI Cards’ shares opened at Rs 675, against Rs 755 apiece offer price as coronavirus pandemic cast a shadow over India’s first pure-play credit card issuer's listing.
FM Nirmala Sitharaman

‘Liberals’ rise to Sitharaman defence for slamming SBI chief, invoke gender

In a viral audio clip shared over the weekend, FM Sitharaman is purportedly heard rebuking SBI chairman and calling the bank ‘heartless’ and ‘inefficient’.
Finance Minister Nirmala Sitharaman addresses a press conference in New Delhi. | Photo: Manisha Mondal | ThePrint

You are a heartless bank – ‘Nirmala Sitharaman blasts SBI chief’ in alleged leaked audio

Sitharaman is heard slamming SBI chief Rajnish Kumar for SBI’s failure to operationalise bank accounts of Assam’s tea garden workers, in purported audio clip.
The RBI logo

Don’t withdraw funds from private banks, it’ll hurt financial stability, RBI tells states

RBI move is aimed at countering flight of deposits from private lenders to public sector lenders amid developments at troubled Yes Bank.
Chairman of State Bank of India(SBI) Rajnish Kumar at a press conference regarding YES Bank, in Mumbai on Saturday | ANI

SBI gets approval to invest Rs 7,250 crore in crisis-hit Yes Bank

SBI will pick up 49 per cent stake in Yes Bank and cannot reduce its holding to below 26 per cent before three years from the date of capital infusion.
A thermal screening device checks passengers arriving in India from China, in view of the coronavirus outbreak, at Delhi international airport | PTI Photo

Ajit Ranade, Raja Mohan & Saran on coronavirus impact, CP Chandrasekhar on Yes Bank bailout

Today’s political, economic & strategic punditry from Yashwant Sinha, Pratap Bhanu Mehta, Mahesh Vyas and others. Plus the day’s top editorials.
An Yes Bank advertisement in New Delhi

How the half-hearted rescue of Yes Bank has turned into a crisis

The biggest error in the plan executed to rescue Yes Bank was to trap depositors through Rs 50,000 withdrawal cap. It was both unnecessary and dangerous.
Chairman of State Bank of India(SBI) Rajnish Kumar at a press conference regarding YES Bank, in Mumbai on Saturday | ANI

SBI will invest no more than Rs 10,000 crore in Yes Bank, says chairman Rajnish Kumar

SBI chairman says if it picks up 49% stake in Yes Bank under RBI’s draft reconstruction scheme, the immediate investment requirement will be Rs 2,450 crore.
State Bank of India Ltd. logo een at a branch in Mumbai | Dhiraj Singh/Bloomberg

State Bank of India to buy 49% stake in Yes Bank

SBI has already obtained an 'in-principle' approval to explore investment opportunities in Yes Bank and a former SBI CFO has been appointed as an administrator.

On Camera

Is India’s coronavirus lockdown leading to stress in families or strengthening relationships?

The 21-day nationwide lockdown due to coronavirus has led to people working from home and thus, spending more time with their families and partners.

Defence

Army personnel distribute packaged food to the homeless in Chennai on 31 March 2020 | PTI

In a first, Army deploys medical team at civil coronavirus quarantine camp in Delhi

The Indian Army has so far only been operating out of quarantine camps set up by the armed service for coronavirus patients.

Poke fun at taali, thaali, diya and mombatti all you want. Modi couldn’t care less

Modi knows who he needs to speak to, who he should toss, who he can address in kind. People accuse him of infantilising his voters, but it’s a winning strategy.