Sensex takes a dip by 233 points; today’s gainers are Reliance and SBI
Mumbai: Sensex’s opening was at 192 points high at 57,788.25 and Nifty rose to 66 points at 17,289.
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SBI halts transactions involving sanctioned Russian companies
The State Bank of India has halted processing transactions involving Russian firms sanctioned by the West over Russia's attack on Ukraine because of the concern they can also be sanctioned.
CBI files FIR against former MD of AGB Shipyards for cheating banks over ₹22,842 crore
The consortium of banks had initially registered a complaint on November 8, 2019, on which the CBI had investigated some clarifications on March 12, 2020.
SBI Bank reports 62% YoY rise in net profit to Rs 8,431.9 crore in Q3
Total income increased to Rs 78,352 crore in the third quarter under evaluation, up from Rs 75,981 crore in the same period in 2020-21.
SBI acquires 9.95% stake in India International Exchange for ₹30 crore
The Corporation is the first international clearing corporation that will stand by at Gujarat International Finance Tec-City (GIFT) International Financial Services Centre (IFSC).
India requires $1 trillion debt to become a $5 trillion economy: SBI chairman, Dinesh Khara
Talking about the outlook for the SBI for 2022, Khara said he hopes to achieve an ROA of 1% and ROE of 15% + in the medium term.
Nationwide Bank strike for two days starting today, 16-17th January; Several banks including SBI likely to remain affected
The United Forum of Bank Unions @UFBUIndia announced a Two-day strike starting today against the privatization of several banks. Many state run banks participate in the strike.
India’s GDP expected to grow by 8.1% during the second quarter in FY22: SBI Report
In the first quarter of FY 22, the economy expanded by 20.1 per cent. For fiscal 2022, RBI has rated real GDP growth at 9.5 per cent — 7.9 per cent in Q2, 6.8 per cent in Q3 and 6.1 per cent in Q4.
Vodafone Idea likely to get loan after relief from GOI: Report
Last month, Vodafone Idea and Airtel chose to take advantage of the government's AGR dues moratorium, which was announced as part of the telecom relief package.
HDFC Home Loans now available at 6.7% interest as a special festive offer
This new HDFC Home Loan offer will apply to all new loan applications irrespective of the loan amount or employment category.
SBI announces a bouquet of festive offers with home Loans at the rate of 6.70%
"Earlier a borrower availing of a loan greater than Rs 75 lakh, had to pay an interest rate of 7.15 percent with the introduction of the festive offers, a borrower can now avail home loan for any amount at a rate as low as 6.70 percent," says the lender.
SBI adds 8 lakh new subscribers to Atal Pension Yojana in 5 months
8 lakh new subscribers have joined Atal Pension Yojana (APY) via the State Bank of India (SBI) throughout 201-22 to date.
Ex SBI chairman Rajnish Kumar appointed as independent director of HSBC Bank
Rajnish Kumar, after spending a 40-year long term at The State Bank of India got retired in October 2020.
India’s GDP to grow at 18.5% in Q1FY22, claims SBI report
“Based on our (Nowcasting) model the forecasted GDP growth for Q1 FY22 would be around 18.5% (with upward bias). Our estimate is lower than RBI expectation of 21.4%.”
ICIC Bank gained over 1.3 million credit cards since December 2020
While SBI profited a total of 748,707 cards, which is estimated to be12.04 million and Axis bank to have 252,145 cards, which runs up to a total evaluation of 7.13 million.
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