SBI Second Quarter Net Profit Jumps 10% to ₹20,160 Crore
The second quarter, which ended on September 30, 2025, the State Bank of India reported a 10% year-on-year (YOY) rise in net profit to ₹20,160 crore, driven by profits from the YES Bank stake sale and improved asset quality. Recently, the bank sold a 13.18% stake in YES Bank, generating a profit of ₹4,593 crore,…
ABHYUDAYA MITTAL
RBI May Lower Rates by 25 Basis Points to Boost Spending
State Bank of India research reports state that they urged a 25-basis-point rate cut, claiming this is “the best possible option” for the RBI. However, some experts believe that the Central Bank’s rate-setting panel will likely opt for a status quo to announce its bi-monthly monetary policy on October 1. RBI Governor Sanjay Malhotra, who…
Shipra Prajapati
Bank of India Reports Ambani and Reliance Communications as Fraud
Bank of India has classified Reliance Communications’ loan account as fraudulent, following similar allegations by the State Bank of India (SBI) against Anil Ambani, based on fund diversion claims in 2016. The Bank of India had sanctioned a ₹700 crore loan in August 2016 for capital and operational expenses, but it was revealed that half…
GainBitcoin Scam: CBI Freezes ₹23.94 Crore in Cryptos
The Central Bureau Of Investigation (CBI) conducted a search in different locations, including Delhi, Pune, Nanded, Kolhapur, Mumbai, Bengaluru, Hubi, Chandigarh, Mohali and Jhansi over the last two days, where the investigating agency found the GainBitcoin scam. The CBI froze the cryptocurrency worth ₹23.94 crore. “The fraudulent scheme, launched in 2015 by Amit Bhardwaj (deceased…
Bad News For SBI: Sufferers ₹44935 Cr Lose in 5 Days
India’s largest government bank, SBI (State Bank of India), suffered a whopping ₹44935 crore loss in its market valuation. The Indian share market has remained in the red in the past few weeks, and SBI has faced pressure from weak trends, resulting in this huge loss. As per the market data, SBI’s market capitalisation has…
Bhumika
4 Of Top 10 Firms’ Mcap Dropped By Rs 96,606 Crore
Among India’s top 10 most valued firms, the Mcap of 4 firms, namely Tata Consultancy Services, HDFC Bank, ICICI Bank, and SBI declined by Rs 96,605.66. Among these companies, HDFC witnessed the sharpest loss, with its valuation dropping by Rs 37,025.46 to Rs 13,37,919.84 crore. The value of ICICI dropped by Rs 29,324.55 crore, and…
Himanshu
SBI’s Mission: Bringing Inactive Accounts Back To Life
SBI, the State Bank of India, is the country’s biggest money lender. It launched a nationwide campaign to promote the activation of inoperative accounts. Before launching this campaign, SBI organised a one-day workshop in Gurugram for its national business correspondents and sensitised participants about inoperative account activation. Whether savings or current, an account is considered…
Yash Sharma
SBI Seeks $1.25 Billion: India’s Largest Loan In 2024
According to sources, the State Bank of India plans to borrow up to $1.25 billion, making it India’s largest dollar-denominated bank loan in 2024. The reason behind raising this loan is for general corporate purposes. Another reason for this loan is SBI’s plan to syndicate the loan among other lenders to distribute the risk. SBI’s…
India’s Largest Bank Welcomes its New Chairman
The Cabinet Committee on Appointments has appointed a new chairman for the State Bank of India (SBI), the largest bank in the country. With a market cap exceeding INR 7,21,000 crores, SBI boasts a robust balance sheet and strong asset quality. The former chairman, Dinesh Khara, played a crucial role in revitalising the bank’s ailing…
Chandan Kumar
SBI’s New ‘Amrit Vrishti’ Plan: Is It A Risky Bet?
India’s largest bank, SBI, has launched one of its highest interest rates, bearing FD: Amrit Vishti. According to the bank, the FD will offer an interest rate of 7.25% on deposits for 444 days and is open for domestic and non-resident Indian customers. They added that the interest rate for senior citizens will increase by…
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