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New Delhi: SBI forecasted India’s GDP growth at 6.3 pc, lower than RBIs projection of 6.6 pc for FY25 in its latest report.The average growth of the first two quarter of FY 25 is now at 6.05 pc. The report forecast comes after the RBI sharply downgraded its real GDP growth projection for FY25 from…
Last Updated:December 04, 2024, 8:45 PM IST SBI has suggested that non-financial transactions, such as balance inquiries, should be considered sufficient to keep an account active. SBI proposes balance enquiries keep accounts active. (Representative Image) The State Bank of India (SBI), the country’s largest public sector bank, has submitted recommendations to the Reserve Bank of…
New Delhi: India’s consumer price inflation (CPI) is expected to remain above 5 per cent for the rest of 2024, according to a recent report by the State Bank of India (SBI). The report highlighted that despite a significant decline in vegetable and protein prices in November, the persistence of food consumption in rural areas…
Delhi: SBI Card has issued important notice for SBI Credit Cardholders, stating that the new rules have kicked in from 1 December 2024. 1. It said that with effect from 1 December 2024, accrual of Reward Points on spends done on Digital Gaming Platforms/Merchants will be discontinued for certain credit cards. List of SBI Credit…
SBI Report: The Reserve Bank of India (RBI) is expected to keep policy rates unchanged in the upcoming Monetary Policy Committee (MPC) meeting scheduled from December 4 to December 6, according to a report by the State Bank of India (SBI). The report highlighted that the headline inflation continues to remain at uncomfortable levels, making…
The State Bank of India (SBI) and its staff are often at the receiving end of criticism and the subject of memes such as ‘lunch ke baad aana (come after lunch)’, but SBI says they have stopped three cases of digital frauds, thanks to alert employees who benefitted from training about cyber frauds given by…
Last Updated:November 18, 2024, 4:15 PM IST Here’s a comparison of the FD interest rates among four lenders: State Bank of India (SBI), HDFC Bank Bank, Punjab National Bank (PNB), and ICICI Bank. Bank FD Rates Comparison. Even as the stock market is facing a bearish phase currently, investors are now exploring avenues that can…
New Delhi: The Reserve Bank of India (RBI) has named State Bank of India (SBI), HDFC Bank, and ICICI Bank as the country’s most crucial financial players, officially recognizing them as Domestic Systemically Important Banks (D-SIBs). Once again, in 2024, State Bank of India, HDFC Bank, and ICICI Bank have been recognized as Domestic Systemically…
Mumbai: SBI on Friday reported a 23 per cent on-year jump in consolidated net profit at Rs 19,782 crore for the quarter ended September 30, 2024. The consolidated net profit for the corresponding period last year stood at Rs 16,099 crore. On a standalone basis, the country’s largest lender reported a net profit of Rs…
Mumbai: India’s equity market closed in the green on Tuesday as heavyweights like ICICI Bank and SBI led the gains. At Closing, Sensex was up 363 points or 0.45 per cent at 80,369 and Nifty 50 was up 127 points or 0.52 per cent at 24,466. Banking stocks drove a rally. Nifty Bank was up…