state bank of india

New Delhi, March 30 The Reserve Bank should use foreign exchange reserves to stabilize the rupee, which has been affected by the ongoing crisis in the Middle East, according to a research report by SBI on Monday.The rupee breached the 95/USD mark on Monday and closed 7 paise higher at 94.78...

Union Finance Minister Nirmala Sitharaman stated that banks in the country operate under a strict legal and regulatory framework to ensure the safety and confidentiality of customer data. The Minister was responding to supplementary questions during Question Hour in the Lok Sabha today. Ms...

New Delhi, March 29 The combined market valuation of seven of the top-10 most valued companies fell by Rs 1.75 lakh crore in the week leading up to the holiday, with Reliance Industries taking the biggest hit, in line with a weak trend in equities.Last week, the BSE benchmark Sensex lost...

Pune, March 27 – The ED has attached agricultural land worth Rs 22.51 crore located in the village of Savardari, Khed Taluka, Pune, in connection with a fraudulent letter of credit (LC) scheme that caused a loss of Rs 56.81 crore to SBI, an official said.The Enforcement Directorate (ED)...

Ranchi, March 27 – The ED filed a chargesheet against a former SBI Branch Manager and his wife in a Special PMLA Court here in connection with a Rs 5.40 crore fraud involving the manipulation of 440 customer accounts, an official said on Friday.The Directorate of Enforcement (ED), Ranchi Zonal...

Mumbai, March 27 The benchmark indices Sensex and Nifty fell by over 2% on Friday, following a two-day rally, in line with a weak trend in global peers, as the US-Iran conflict remained the key factor weighing on markets, raising doubts about a de-escalation of the war.The persistently high...

New Delhi, March 26 The CBI has conducted searches at the residences of two former directors of Reliance Telecom and the company office after registering an FIR against them in connection with an alleged fraud of Rs 114.98 crore in State Bank of India, officials said on Thursday."The Central...

Mumbai, March 26 – The Central Bureau of Investigation (CBI) has registered a case against Reliance Telecom Ltd., its then Directors Satish Seth and Gautam B. Doshi, along with unknown public servants and others, in connection with an alleged bank fraud case involving the State Bank of India...

New Delhi, March 25 An immovable asset worth Rs 7.5 crore, located near London's Heathrow Airport, has been attached under the anti-money laundering law in connection with an alleged bank loan fraud case, the Enforcement Directorate (ED) said on Wednesday.The provisional attachment order was...

Mumbai, March 24 Benchmark stock indices Sensex and Nifty rebounded by nearly 2% on Tuesday, tracking a rally in Asian peers after US President Donald Trump announced a temporary halt to strikes targeting Iranian energy infrastructure.The 30-share BSE Sensex jumped 1,372.06 points or 1.89% to...

New Delhi, March 23 – In a new affidavit filed before the Supreme Court, industrialist Anil D. Ambani has proposed the formation of a lenders' committee to determine the actual outstanding debts owed by Reliance Communications (RCOM) and its group entities, along with a detailed plan for...

Mumbai, March 23 Benchmark indices Sensex and Nifty plunged sharply in early trading on Monday as the Middle East conflict entered its fourth week, driving up crude oil prices.A significant bearish trend in global equity markets and relentless foreign fund outflows also made investors nervous...

New Delhi, March 22 – The Press Information Bureau (PIB) has flagged a fake message circulating on social media that claims State Bank of India’s (SBI) YONO app accounts will be blocked if users do not update their Aadhaar details immediately.The purported message instructs recipients to...

New Delhi, March 22 The combined market valuation of five of the top 10 most-valued companies declined by Rs 1 lakh crore last week, with HDFC Bank experiencing the biggest drop.Last week, the BSE benchmark Sensex fell by 30.96 points, or 0.04 percent, and the NSE Nifty slipped by 36.6 points...

New Delhi, March 21 The CBI on Saturday questioned two former group managing directors of Reliance ADA Group in connection with an alleged bank fraud of Rs 2,929.05 crore involving Reliance Communications Ltd and Anil Ambani, officials said.In a separate case, the agency questioned Sanjay...

New Delhi, March 20 The CBI questioned industrialist Anil Ambani for over six hours on Friday in connection with a Rs 2,929-crore fraud case, registered against Reliance Communications Ltd and him on a complaint by the State Bank of India, officials said.On the second consecutive day, Ambani...

New Delhi, March 20 The CBI questioned industrialist Anil Ambani for the second consecutive day in connection with a ₹2,929-crore fraud case, registered against Reliance Communications Ltd and him on a complaint by the State Bank of India, officials said.Ambani arrived at the agency...

Mumbai, March 20 The benchmark indices, Sensex and Nifty, rebounded in early trading on Friday after experiencing a significant decline in the previous session, driven by a slight decrease in crude oil prices.The 30-share BSE Sensex rose by 976.77 points to 75,184.01 in early trading. The...

New Delhi, March 19 SBI Mutual Fund, the country's largest fund house, filed preliminary papers with the capital markets regulator, Sebi, on Thursday, seeking to raise funds through an initial public offering (IPO).The proposed maiden public offering is entirely a sale of up to 20.37 crore...

New Delhi, March 19 SBI Funds Management filed preliminary papers with the capital markets regulator, Sebi, on Thursday, seeking to raise funds through an initial public offering (IPO).According to the draft red herring prospectus (DRHP), the company's maiden public offering is entirely an...