Tag: SBI

3 Days After Big Order On Deposits With SBI And PNB, Karnataka Hits Pause

August 16, 2024 admin

The order has been paused for 15 days. Bengaluru: The Karnataka government has paused its order suspending all transactions with the Central government-run State Bank of India (SBI) and Punjab National Bank (PNB) just three days after it was issued, stating that the banks have sought some time to resolve the issues. The order has…

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SBI Q1 results: Net profit rises marginally at ₹17,035 crore; gross NPAs decline to 2.21%

August 3, 2024 admin

SBI posted a net profit of ₹16,884 crore in the April-June quarter of 2023-24. File | Photo Credit: Reuters State Bank of India (SBI) on August 3 reported an almost flat standalone net profit at ₹17,035 crore for the first quarter of the current financial year. The country’s biggest lender had posted a net profit…

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SBI raises ₹10,000 crore through infrastructure bond issuance

June 26, 2024 admin

State Bank of India (SBI) said it had raised ₹10,000 crore at a coupon rate of 7.36% through its fifth infrastructure bond issuance. “The issue attracted overwhelming response from investors with bids in excess of ₹19,884 crore and was oversubscribed by around four times against the base issue size of ₹5,000 crore,” the bank said…

Business

Electoral bonds data: 20 firms bought electoral bonds within 3 years of incorporation, despite 3-year rule

April 10, 2024 admin

Twelve of the 20 new companies which bought electoral bonds were from Hyderabad. | Photo Credit: Akash Dhage/Unsplash Despite companies in existence for less than three years not being allowed to make political contributions — even through the electoral bonds route — data shows that at least 20 such newly incorporated firms purchased poll bonds…

Business

SBI Submits All Details Of Poll Bonds With Serial Numbers To Election Body

March 21, 2024 admin

New Delhi: After being rapped by the Supreme Court, the State Bank of India has submitted all the details on electoral bonds to the Election Commission. The data includes the all-important unique numbers for the bonds, which will help match the donors with the political parties that were the recipients. The SBI submitted an affidavit…

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Journalist Poonam Agarwal Who Accused SBI Of Sharing Wrong Electoral Bond Data Apologises

March 19, 2024 admin

New Delhi: A journalist who had questioned the authenticity of the data shared by the State Bank of India (SBI) on electoral bonds has admitted that she was mistaken. Poonam Agarwal had, in a series of tweets, claimed that she bought electoral bonds only in 2018, but the data released showed she had purchased a…

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Should SBI Disclose All Details On Electoral Bonds? Supreme Court To Decide

March 18, 2024 admin

The Supreme Court has directed the State Bank of India (SBI) to disclose all details related to the electoral bonds, which allowed individuals and companies to make donations to political parties. It has also asked the country’s largest lender to file an “Every bit of information should come out. All details should come out. We…

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Supreme Court Raps SBI For Not Sharing “Complete Data” On Electoral Bonds

March 15, 2024 admin

Electoral bonds data will be made public by the poll panel once SBI shares it. New Delhi: The Supreme Court today came down hard on the State Bank of India for not sharing the complete data on electoral bonds, a scheme that allowed individuals and businesses to donate anonymously to political parties. The court had…

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Electoral Bonds Data From SBI Uploaded On Election Commission Website

March 14, 2024 admin

The company that contributed the most through the method is Future Gaming and Hotel Services PR. New Delhi: In a big move towards transparency in political funding, the Election Commission of India has uploaded the data of the electoral bonds given to it by the State Bank of India. The details have been uploaded on…

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Election Commission Asked By Supreme Court To Publish Electoral Bonds Data By March 15

March 11, 2024 admin

The poll body has been asked by the court to make this data public on its website by Friday. New Delhi: The Election Commission is likely to make the electoral bonds data public on its website soon after the expected disclosure by the State Bank of India. The Supreme Court today ordered the State Bank…

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