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Thursday, March 28, 2024
TopicSBI

Topic: SBI

‘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.

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.

On Camera

Social media has made news more graphic. Torture by Russian military is latest example

Before social media, depiction of violence on news was the exception—graphic visuals were either not shown on TV or in newspapers or the images were blurred. This is no longer the case.

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

BRO connects new axis to Ladakh, to be shortest route

The all-weather Nimmu-Padam-Darcha Road will connect Manali to Leh through Darcha and Nimmu on Kargil-Leh Highway.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.