At a time when banks are finding it challenging to mobilise resources, State Bank of India (SBI)-the country's largest lender-has devised a three-pronged strategy to boost deposit accretion. First is an aspirational product that promises to make depositors lakhpatis by helping them grow their deposits to Rs 1 lakh through recurring deposit (RD) schemes.
The high-value Rs 2000 notes worth Rs 5,956 crore are still in circulation, more than two years after the Reserve Bank's withdrawal of the currency notes, according to official data released on Monday. The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2000 denomination banknotes from circulation on May 19, 2023.
'The hearing is not adversarial but inquisitorial in nature -- it allows Sebi to examine the context, the strategy, and the intent behind the trades, particularly when algorithmic and expiry-day trading are involved.'
The father of a deceased Jadavpur University student is filing a police complaint, alleging foul play in her death after she was found unconscious in a pond on campus.
Some public sector banks, including State Bank of India (SBI), Union Bank of India, Canara Bank, and Bank of India, are increasing the spread on home loans for new customers to protect margins.
'In a courtroom, the judge can directly assess the witness's demeanour, which is crucial'
Self-styled godman Chaitanyananda Saraswati, accused of sexually harassing students, allegedly created an 'inescapable web' of intimidation at a private management institute, ensuring his control over its operations.
Use these loans to meet emergency needs, and not to fund holidays or luxury purchases.
India has strongly criticized Pakistan at the UN Human Rights Council, accusing it of sponsoring terrorism and providing safe haven to terrorist networks. India's representative highlighted past terror attacks and questioned Pakistan's credibility.
Referring to Chief Minister Bhagwant Mann's recent letter to the PM demanding Rs 60,000 crore of the state's funds, Arora said it is Punjab's right and it should be released.
'Indian markets may underperform global peers for the next two quarters.' 'But beyond that, India should catch up and resume its long-term growth path.'
IMAGES of the Asia Cup Final played between India and Pakistan in Dubai on Sunday
Terming the charge that Wangchuk incited the violence in Leh as 'misplaced', she claimed that he has been protesting in the "most Gandhian way possible" and the "situation escalated" on September 24 due to the actions of the CRPF.
A couple in Uttar Pradesh allegedly committed suicide after poisoning their infant son due to severe financial distress and debt. A suicide note indicated the husband's distress over mounting debt and lack of income.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
A chargesheet filed by Andhra Pradesh police alleges former Chief Minister YS Jagan Mohan Reddy chaired a meeting related to a new liquor policy under which outlets would be run by a government entity. The chargesheet details alleged kickbacks and money laundering.
More than 750 houses and crops on over 33,000 hectares were damaged in Dharashiv district, where helicopters and boats had to be deployed to rescue stranded people, they said.
"All they have done in their entire report is privacy regulation," counsel appearing for WhatsApp told the appellate tribunal.
The Supreme Court on Friday modified its August 11 direction prohibiting release of stray dogs from pounds in Delhi-NCR and said the picked up canines should be sterilised, vaccinated and released back in the same area.
The National Disaster Response Force (NDRF) and the State Disaster Response Force (SDRF) had been struggling hard for the past 32 hours, hoping for life in Kunwar Singh's house, buried under the rubble. Cutter machines were used to cut through the sludge, creating a path for entry.
The BCCI has strengthened its coffers by Rs 14,627 crore over the past five years, including Rs 4,193 crore in the last financial year alone, taking its cash and bank balance to Rs 20,686 crore, according to a report.
'The investigation is at a very critical stage. We are not going to give every single document.'
'By leveraging user data from WhatsApp, Meta can enhance its technology.' 'It (user data) is collected by me, it's my personal property. Shall I give it to my competitors?'
A grooming branch network for servicing HNIs is a stepping stone for a full-fledged wealth management business.
The Supreme Court stated that in a continuing marriage, neither husband nor wife can claim independence from their partner, emphasizing that marriage signifies the union of two souls.
Infrastructure bonds, which were relied upon the most in 2024-25 (FY25) by commercial banks to raise funds through the domestic debt capital market amid lagging deposit growth, seem to have lost their sheen in FY26. So far in FY26, no bank has tapped the domestic debt capital market to raise funds via infra bonds, and the expectation is that the amount raised through this route will be significantly lower than that last year, unless credit demand picks up.
Head Digital Works, operator of 'A23 Rummy', has filed a petition in the Karnataka High Court against the recently passed Central Act banning money-based online games, marking the first legal challenge to the legislation. The court will hear the petition on August 30.
Flash floods ravaged Dharali, around 264 km from Chamoli, burying half of the mountain village in a fast-flowing mudslide of slush, rubble, and water.
The Karur tragedy has exposed the huge gaps in Vijay's understanding of realpolitik, elections and political administration, asserts N Sathiya Moorthy.
'As a defence lawyer I won't know if a policeman under cross questioning is being prompted to answer by someone behind his computer screen.'
'To encourage the habit of saving, a portion of the incentive will be kept in a savings instrument of deposit account for a fixed period and can be withdrawn by the employee at a later date.'
'Financially we are sound and we have always broken even. 'It is just we don't have the personnel and that is why we have to close down.'
The Enforcement Directorate (ED) has accused Karnataka Congress MLA K C Veerendra of collecting over Rs 2,000 crore through online betting sites. The agency alleges that Veerendra and his associates used various gateways and fintech service providers to mask their illicit activities.
Its August 11 direction, which prohibits the release of stray dogs from dog shelters, shall be kept in abeyance for the time being, the apex court said.
Most lenders that have reported their April-June business update posted slower growth in deposits sequentially as compared to the loan growth in the April-June quarter of 2024-25 (FY25). Current and savings account (CASA) deposits continue to face pressure. Private-sector lenders YES Bank, Bandhan Bank, and RBL Bank saw their deposit growth contract by 0.5 per cent, 1.5 per cent, and 2 per cent, respectively.
The stage is set for a direct contest between NDA nominee C P Radhakrishnan and joint opposition candidate B Sudershan Reddy for the vice-presidential election. The BJP-led alliance has a clear edge in the poll necessitated due to the sudden resignation of Jagdeep Dhankhar.
Pakistan's Prime Minister Shehbaz Sharif on Thursday thanked United States President Donald Trump for the 'historic' trade agreement reached between Islamabad and Washington, and expressed hope that it would expand cooperation between the two nations.
In Q1FY26, the bank reported fresh slippages of 8,200 crore, up 71 per cent Y-o-Y and sequentially. Of this, 7,500 crore is from the retail segment.
The next generation GST reforms would 'absolutely' set an economy open and transparent with further reduction in compliance burden and benefiting small businesses, Union Finance Minister Nirmala Sitharaman said on Tuesday.
Jarange's hunger strike at the Azad Maidan in south Mumbai over the demand for Maratha quota entered the fifth day on Tuesday.
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