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Wednesday, June 26, 2024
TopicSBI

Topic: SBI

SVB failure has lessons for India. Banks can shut down, deposit insurance needs reforms

It would have been hard for many to miss the words “deposit insurance” on the newsfeed last month. The US-based Silicon Valley Bank had caused it to shut down. The Federal...

Unpaid domestic work of women amounts to 7.5% of GDP, latest SBI report says

Women on average spend about 7.2 hours a day on housework, and, because they are not part of the formal workforce, neither economic quantification nor policy takes them into account.

‘No need for concern over SBI, LIC exposures’: Finance Secretary Somanathan on Adani stock rout

When asked about the stock rout in an interview, Somanathan said there was no cause for concern for depositors, policyholders or investors in any nationalised banks or insurance companies.

State-run bank, two private lenders raise $2 billion via infrastructure bonds in 2 weeks

According to analysts, the move anticipates a revival in private capital expenditure and increased government spending.

India’s public sector banks are laughing all the way to profits. But new stress can interrupt

PSBs saw year-on-year rise of nearly 50% in net profit in July-Sept quarter thanks to broad-based rise in loans. But MSME stress, pace of credit & deposit growth will determine future.

Indian shares soar due to sharp gains in SBI and consumer stocks

The NSE Nifty 50 index rose 0.57% to 18,219.80, while the S&P BSE Sensex was 0.50% higher at 61,255.21.

SBI to raise interest rates on retail term deposits upto 80 points

SBI had raised interest rates on saving bank deposits above 100 million rupees by 30 basis points earlier this week.

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.

On Camera

Pakistani fundamentalists closer to controlling state. Now the battle is over baby milk bank

Islamic clerics push back against human milk banks as Shari’a proscribes marriages between so-called milk siblings. But several Islamic countries, including Iran, operate them.

Noida International Airport, Delhi NCR’s 2nd, delayed. To begin operations by April 2025

According to a statement by the airport, commercial operations likely to begin next year 'in view of the current construction status'. It was supposed to commence operations by 2024 end.

India’s 15-yr quest for anti-tank missile: Israeli Spike, DRDO option, back to US for Javelin talks

Recent high-profile visit was of US National Security Adviser this month during which a number of key issues, including military cooperation, was discussed by both sides.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.