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A report by the SBI called for more reforms in the banking sector in India. File | Photo Credit: Reuterss As the Central government prepares for the Union Budget presentation on July 23, a research report by the State Bank of India (SBI) has highlighted crucial areas that need attention to drive sustainable economic growth…
State Bank of India (SBI) Managing Director (R&DB), Challa Sreenivasulu Setty. File. | Photo Credit: NAGARA GOPAL Government appointment selection panel FSIB on June 29 selected senior-most managing director Challa Sreenivasulu Setty for the position of Chairman of country’s largest lender State Bank of India (SBI). Mr. Setty, who was appointed managing director in January…
Read More “Setty to become new chairman of SBI; FSIB recommends him as successor of Khara” »
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…
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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…
The State Bank of India has refused to share the SOPs it used for the electoral bonds scheme New Delhi: Weeks after it was pulled up by the Supreme Court on the electoral bonds issue, the State Bank of India has refused to reveal details of the Standard Operating Procedures issued to its branches regarding…
Read More “In RTI Reply, SBI Refuses To Share Info On Its Electoral Bond Guidelines” »
The new SBI debit card charges will come into effect from April 1. State Bank of India (SBI) has announced increase in its annual maintenance charges associated with certain category of debit cards. The new rates will be effective from April 1, the first day of the new financial year, as per a release posted…
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New Delhi: The Bharatiya Janata Party was the largest beneficiary of electoral bonds between April 2019 and January 2024 – companies donated Rs 5,594 crore in that period – the Election Commission of India said this week. The BJP pocketed over three times the amount (Rs 1,592 crore) the Trinamool Congress took home and more…
Read More “Infra Firm, Mining, Telecom Giant Are BJP’s Largest Donors” »
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…
Read More “Supreme Court Raps SBI For Not Sharing “Complete Data” On Electoral Bonds” »
SBI is India’s largest banking institution (File). New Delhi: The Supreme Court on Monday came down strongly on the State Bank of India for “wilful disobedience” of last month’s order – that data about donors and recipients of electoral bonds be released by March 6. In a significant development, the court warned SBI of contempt…
Read More “Supreme Court Slams SBI For “Wilful Disobedience”, Warns Of Contempt” »
The Reserve Bank of India (RBI) imposed a monetary penalty on State Bank of India and Canara Bank for regulatory violations, the central bank said in a press statement on Monday. The State Bank of India was fined Rs 2 crore for violations related to depositor education awareness funds and shareholding in a company exceeding…
Read More “RBI Fines State Bank Of India, Canara Bank For Regulatory Violations” »