The Financial Services Institutions Bureau (FSIB) on Saturday recommended Challa Sreenivasulu Setty for the role of Chairman of the State Bank of India (SBI). Currently, Setty is one of the managing directors of the bank. Sharing an official notification, the FSIB said, “Keeping in view their performance in the interface, their overall experience and the…
The State Bank of India’s (SBI) chairman, Dinesh Kumar Khara, anticipates a loan growth of 14-15 per cent for the fiscal year 2024-25, in line with the current economic growth trajectory. In a conversation with PTI, Khara said, “Normally the way we look at it is that the GDP growth rate plus inflation and 2-3…
Five of India’s top 10 most valued firms collectively added Rs 85,582.21 crore in market valuation last week, driven by a positive trend in equities. Life Insurance Corporation of India (LIC) emerged as the biggest gainer. Om June 13, the BSE benchmark Sensex climbed 299 points (0.39 per cent), hitting an all-time high of 77,145….
The State Bank of India (SBI), India’s largest lender, has raised its marginal cost of funds-based lending rate (MCLR) by 10 basis points (bps), equivalent to 0.1 per cent, across all loan tenures. This adjustment is expected to result in higher equated monthly instalments (EMIs) for borrowers who have opted for loans tied to the…
నుండి ఫలితం పోకడలు లోక్సభ ఎన్నికలు 2024 మంగళవారం ఎగ్జిట్ పోల్ అంచనాలకు విరుద్ధంగా స్టాక్ మార్కెట్ తీవ్రంగా స్పందించింది. PM నరేంద్ర మోడీ భారతీయ జనతా పార్టీ (BJP) నేతృత్వంలోని NDA కూటమికి 300 నుండి 350 సీట్ల మెజారిటీతో సులభంగా విజయం సాధిస్తుందనే అంచనాలకు వ్యతిరేకంగా, జూన్ 4, 2024 నాటి ఎన్నికల ట్రెండ్స్ NDA ఆధిక్యాన్ని చూపించాయి, కానీ చాలా తక్కువ మార్జిన్. వారాంతంలో బంపర్ అంచనాల తర్వాత, స్టాక్ మార్కెట్ సోమవారం…
Public banks don’t enjoy a good reputation for their services. While the state-run lenders have been actively trying to revamp themselves and gain the public’s trust, a recent post by a user in Rajasthan showed that the banks have yet to go a long way in truly improving the experience for customers. Lalit Solanki, a…
The State Bank of India (SBI) has announced an increase in interest rates on retail term deposits by 25-75 basis points for deposits up to 1 year. The revised rates, which came into effect from May 15, 2024, mark a significant adjustment in the bank’s deposit offerings. For retail term deposits below Rs 2 crore,…
SBI Q4 Result: India’s largest state-owned bank, the State Bank of India (SBI), posted a standalone net profit of Rs 20,698.35 crore, marking a 24 per cent increase year-on-year (Y-o-Y), driven by elevated interest income and reduced provisions. This surge contrasts with the previous fiscal’s March quarter when the bank reported a net profit of…
Business News Live: Hello and welcome to ABP Live’s Business LIVE blog. Please follow this space for all the breaking news and latest updates from the stock market, economy, and the corporate world. In the previous trading session on Monday, there was a notable surge in banking stocks, propelling the Sensex and Nifty, India’s primary…
Business News Live: Hello and welcome to ABP Live’s Business LIVE blog. Please follow this space for all the breaking news and latest updates from the stock market, economy, and the corporate world. The stock market last week traded on a strong note before reversing the trend on Friday. In the last trading session, the…
