News for 'State Bank of India'

Gold most stable asset during geopolitical tensions: RBI staff study

Gold most stable asset during geopolitical tensions: RBI staff study

Rediff.com1 Jan 2026

Gold has emerged as the most stable asset during episodes of geopolitical stress, and crude oil has been more sensitive than others when it comes to regional conflicts and sanctions, according to a report in the Reserve Bank of India's (RBI's) monthly bulletin. Silver and the United States Treasury have showed moderate reactions.

Sensex ends down 314 points due to selling in IT and auto shares

Sensex ends down 314 points due to selling in IT and auto shares

Rediff.com25 Nov 2025

Among Sensex stocks, Tata Motors Passenger Vehicles, Trent, Infosys, Power Grid, HDFC Bank, HCL Tech, Kotak Mahindra Bank, ICICI Bank and Bajaj Finance were the major laggards. However, Bharat Electronics, State Bank of India, Tata Steel, Eternal, Bharti Airtel and Reliance Industries were the gainers.

12 states to spend Rs 1.68L cr on women's cash schemes

12 states to spend Rs 1.68L cr on women's cash schemes

Rediff.com5 Nov 2025

A new report indicates that increasing unconditional cash transfer schemes for women across 12 Indian states are impacting their fiscal health, with six states projecting revenue deficits.

CJI lays foundation for new court complex amid lawyers' protest in Assam

CJI lays foundation for new court complex amid lawyers' protest in Assam

Rediff.com11 Jan 2026

Chief Justice of India lays the foundation for an Integrated Judicial Court Complex in Assam's Kamrup district, facing protests from the Gauhati High Court Bar Association (GHCBA) over the relocation of the High Court.

Sensex, Nifty close marginally lower after hitting fresh lifetime highs

Sensex, Nifty close marginally lower after hitting fresh lifetime highs

Rediff.com1 Dec 2025

Among Sensex firms, Bajaj Finance, Sun Pharma, Trent, Mahindra & Mahindra, State Bank of India and Bajaj Finserv were the major laggards. However, Tata Motors Passenger Vehicles, Maruti, Bharat Electronics, Kotak Mahindra Bank, Adani Ports and HCL Tech were among the gainers.

Sensex, Nifty scale record highs on rate cut hopes

Sensex, Nifty scale record highs on rate cut hopes

Rediff.com27 Nov 2025

Among Sensex firms, Bajaj Finance, ICICI Bank, Hindustan Unilever, Bajaj Finserv, HCL Tech and HDFC Bank were the major gainers. However, Maruti, Eternal, UltraTech Cement and State Bank of India were among the laggards.

Public NBFCs eye Rs 24K cr via bonds

Public NBFCs eye Rs 24K cr via bonds

Rediff.com22 Nov 2025

Ahead of the Reserve Bank of India's (RBI's) monetary policy review in the first week of December, major public sector non-banking financial companies (NBFCs) - the National Bank for Agriculture and Rural Development (Nabard), Small Industries Development Bank of India (Sidbi), Power Finance Corporation (PFC), and Indian Railway Finance Corporation (IRFC) - plan to raise up to Rs 24,000 crore together through bond issuancesk.

Aramco, OIL likely to pick up stake in BPCL's Andhra refinery

Aramco, OIL likely to pick up stake in BPCL's Andhra refinery

Rediff.com30 Dec 2025

State-owned Bharat Petroleum Corporation Ltd (BPCL) is willing to dilute a 30-40 per cent stake in its upcoming greenfield refinery in Andhra Pradesh, with Gulf energy major Saudi Aramco and upstream player Oil India Ltd (OIL) likely to join as partners, a senior BPCL executive said.

Duped of Rs 8 crore, ex-IPS officer attempts suicide

Duped of Rs 8 crore, ex-IPS officer attempts suicide

Rediff.com22 Dec 2025

Former IPS officer Amar Singh Chahal allegedly shot himself after claiming he was duped of Rs 8.10 crore by cyber thugs. He was one of the accused in the 2015 police firing cases related to anti-sacrilege protests in Faridkot.

'The Soldiers Ordered Us To Be Strip-Searched'

'The Soldiers Ordered Us To Be Strip-Searched'

Rediff.com9 Jan 2026

'...including my baby sisters, age three and one.' 'My dad was humiliated, and he started screaming at them.'

Man poses as 'Justice Chandrachud', dupes woman of Rs 3.7 crore

Man poses as 'Justice Chandrachud', dupes woman of Rs 3.7 crore

Rediff.com29 Dec 2025

A man was arrested in Gujarat for allegedly receiving a significant portion of Rs 3.71 crore siphoned off from a Mumbai woman in a 'digital arrest' scam. The cybercriminals impersonated law enforcement and court officials, staging a fake online hearing to deceive the victim.

How Winter Session Sets Stage For Budget

How Winter Session Sets Stage For Budget

Rediff.com5 Jan 2026

Three laws passed in Parliament could boost central revenues, reshape GST cess flows, shift MGNREGA costs to states and create new budget headroom ahead of the 2026-2027 Union Budget, points out A K Bhattacharya.

New market code may constrain Sebi funding

New market code may constrain Sebi funding

Rediff.com29 Dec 2025

As the government moves to revamp India's securities legislation, unifying three different laws into the Securities Markets Code (SMC), regulatory experts and market insiders have raised concerns on potential funding challenges for the stock market regulator.

Rupee to grapple incessant volatility in 2026; US trade pact may not be silver bullet

Rupee to grapple incessant volatility in 2026; US trade pact may not be silver bullet

Rediff.com31 Dec 2025

The Indian rupee, swaying through multiple headwinds, tiding over global trade disruptions and massive foreign fund outlfows, is unlikely to arrest its descent until tariff impact overhangs, notwithstanding robust domestic macroeconomic tailwinds. The Reserve Bank of India (RBI), which sees the rupee's depreciation as a silver bullet to offset the tariff shock, expects the currency to find its stable course once India reaches a trade deal with its largest trading partner, the US.

'GCCs Have Evolved To Strategic Innovation Hubs'

'GCCs Have Evolved To Strategic Innovation Hubs'

Rediff.com6 Jan 2026

'Solutions developed in India are being commercialised and offered globally because we're executing at scale, creating new markets and revenue streams.'

Sensex up 313 points on buying in IT, banking, and auto shares

Sensex up 313 points on buying in IT, banking, and auto shares

Rediff.com17 Sep 2025

Among Sensex firms, State Bank of India, Bharat Electronics, Kotak Mahindra Bank, Maruti, Trent and UltraTech Cement were the major gainers. However, Bajaj Finserv, Titan, ITC and Tata Steel were among the laggards.

'Keeping Modi-Shah Away From Mumbai Was Deliberate'

'Keeping Modi-Shah Away From Mumbai Was Deliberate'

Rediff.com19 Jan 2026

'It would have polarised the Marathi-non Marathi divide further. 'Fadnavis had a very clear strategy: Let all Marathi people campaign for us (the BJP), and whatever results we get will be delivered by Marathi people only.'

Trai Launches Digital Consent Pilot

Trai Launches Digital Consent Pilot

Rediff.com11 Dec 2025

A national rollout will take place after the pilot test in which SBI, PNB, Axis Bank, Bank of Maharashtra, Canara Bank, Kotak Mahindra Bank, IndusInd Bank, ICICI Bank, HDFC Bank, Indian Overseas Bank and Punjab & Sind Bank are participating.

India rejects IMF view that US tariffs will stay indefinitely, hit growth

India rejects IMF view that US tariffs will stay indefinitely, hit growth

Rediff.com27 Nov 2025

The Indian government has expressed its disagreement with the IMF staff's 'baseline' assumption that the 50 per cent US tariffs on its goods exports 'would remain in place indefinitely', based on which the staff pegged the country's GDP growth at 6.6 per cent this year, and pared its 2026-27 projection by 20 basis points to 6.2 per cent.

Insurance industry flags concerns over proposed Insurance Amendment Bill

Insurance industry flags concerns over proposed Insurance Amendment Bill

Rediff.com24 Dec 2025

The insurance industry is trying to get to grips with provisions in the proposed Insurance Amendment Bill, which gives additional powers to the Insurance Regulatory and Development Authority of India (Irdai), while there is ambiguity in the very definition of the insurance business, according to industry experts.

Bengal's demography dangerously altered due to infiltration: Amit Shah

Bengal's demography dangerously altered due to infiltration: Amit Shah

Rediff.com30 Dec 2025

Union Home Minister Amit Shah accuses West Bengal Chief Minister Mamata Banerjee of facilitating illegal immigration from Bangladesh, leading to demographic changes. He promises to end infiltration if BJP wins the upcoming elections.

Over 50 held as T'gana's EAGLE Force hits Nigerian cartel's India Ops

Over 50 held as T'gana's EAGLE Force hits Nigerian cartel's India Ops

Rediff.com29 Nov 2025

Telangana's anti-narcotics wing, the EAGLE Force, conducted a multi-state operation against a Nigerian drug cartel, resulting in over 50 arrests and the seizure of narcotics worth Rs 3.5 crore.

From state lawmaker to mayor of America's largest city

From state lawmaker to mayor of America's largest city

Rediff.com5 Nov 2025

Democratic socialist Zohran Mamdani, of Indian descent, has won the New York City mayoral election, becoming the first Muslim, first Indian-origin, first African-born, and youngest mayor in over a century. His victory is seen as a significant moment for the city and the Indian-American community.

Govt has infused over Rs 3,100 cr in women-led startups in 6 years

Govt has infused over Rs 3,100 cr in women-led startups in 6 years

Rediff.com22 Dec 2025

The government has infused over Rs 3,100 crore into women-led startups over the past six years, through its three schemes including the Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS) to boost female entrepreneurship across the country, according to an update shared by the Ministry of Commerce and Industry.

Sensex, Nifty settle with modest gains

Sensex, Nifty settle with modest gains

Rediff.com14 Nov 2025

From the Sensex pack, Eternal, Bharat Electronics Ltd, Trent, Axis Bank, State Bank of India, Bajaj Finance, Sun Pharmaceuticals, Asian Paints, Adani Ports, Hindustan Unilever, Reliance Industries, ITC, PowerGrid, Tata Motors Ltd's Commercial Vehicles business, and Bajaj Finserv were the gainers. Infosys, Tata Motors Passenger Vehicles, Tata Steel, ICICI Bank, Tech Mahindra, Titan, UltraTech Cement, Maruti Suzuki India, and Larsen & Toubro were the laggards.

India votes for UN resolution on Palestine two-state solution

India votes for UN resolution on Palestine two-state solution

Rediff.com13 Sep 2025

The resolution, introduced by France, was adopted with an overwhelming 142 nations voting in favour, 10 against and 12 abstentions. Those voting against included Argentina, Hungary, Israel and the US.

PSBs record 9% growth in profit to Rs 49,456 cr in Q2

PSBs record 9% growth in profit to Rs 49,456 cr in Q2

Rediff.com5 Nov 2025

State Bank of India-led public sector banks posted a record cumulative profit of Rs 49,456 crore in the second quarter of the current fiscal, reflecting a 9 per cent year-on-year growth despite two lenders reporting a decline. All 12 public sector banks (PSBs) together made a profit of Rs 45,547 crore in the September quarter of FY25.

Why Banks Are Speaking Local Languages

Why Banks Are Speaking Local Languages

Rediff.com4 Aug 2025

State-owned banks are prioritising local language skills in their hiring to improve customer service and reduce language barriers.

How Gadchiroli Broke The Maoist Backbone

How Gadchiroli Broke The Maoist Backbone

Rediff.com12 Jan 2026

'The watershed moment was June 22, 2024, when the divisional in-charge of Gadchiroli, Giridhar Tumreti, who was their senior-most commander, along with his wife, came forward to surrender before the then deputy chief minister and home minister Devendra Fadnavis.'

SBI Q2 net profit jumps 10% to Rs 20,160 cr

SBI Q2 net profit jumps 10% to Rs 20,160 cr

Rediff.com4 Nov 2025

The country's biggest lender, State Bank of India (SBI), on Tuesday reported a 10 per cent improvement in standalone profit to Rs 20,160 crore in the quarter ended September 30, 2025.

Saregama To Invest This Much In Bhansali Productions

Saregama To Invest This Much In Bhansali Productions

Rediff.com17 Dec 2025

Bhansali Productions will retain creative control, and Sanjay Leela Bhansali, founder, Bhansali Productions, said that for him, powerful and meaningful cinema requires time, trust, and a deep respect for the process, which the company was able to align with Saregama India.

Brookfield to build Asia's biggest GCC facility in Powai

Brookfield to build Asia's biggest GCC facility in Powai

Rediff.com13 Dec 2025

Brookfield Asset Management will invest $1 billion to develop Asia's largest global capability centre (GCC) in Mumbai's Powai, the New York-based global alternative asset manager said in a statement on Friday. The infrastructure arm of Canada's investment firm will develop the campus across 6 acres with 2 million square feet that can be let out.

Economic activity remained upbeat in Nov

Economic activity remained upbeat in Nov

Rediff.com23 Dec 2025

Overall economic activity continued to hold up in November with demand conditions remaining robust, thanks to strengthening urban demand, but manufacturing and rural demand showed some signs of deceleration even as services remained strong, according to an article on the State of the Economy written by Reserve Bank of India (RBI) officials in the central bank's December bulletin.

Rate Cut effect: PFC, Sidbi plan to raise Rs 11,000 crore from bond market

Rate Cut effect: PFC, Sidbi plan to raise Rs 11,000 crore from bond market

Rediff.com8 Dec 2025

Activity in the corporate bond market is set to gain momentum following a 25-bp policy repo rate cut by the rate-setting panel of the Reserve Bank of India (RBI). State-owned public cebPower Finance Corporation (PFC) and Small Industries Development Bank of India (Sidbi) are planning to raise up to Rs 11,500 crore through bonds on Tuesday as issuers expect borrowing costs to ease.

SC seeks replies from Centre, CBI, ED, Anil Ambani on PIL

SC seeks replies from Centre, CBI, ED, Anil Ambani on PIL

Rediff.com18 Nov 2025

In a significant development, the Supreme Court on Tuesday sought responses from the Centre, CBI, ED, Anil Ambani and the Anil Dhirubhai Ambani Group (ADAG) on a PIL seeking a court-monitored probe into alleged massive banking and corporate fraud involving the ADAG and its group companies.

PSBs' share in household deposits falls to 63%; private banks gain ground

PSBs' share in household deposits falls to 63%; private banks gain ground

Rediff.com9 Sep 2025

Public sector banks (PSBs) have seen a sharp drop in household deposits from 70.6 per cent to 63 per cent in contrast with private banks, which witnessed a surge from 27.1 per cent to 34.1 per cent.

'Christians Can Be Taken For Granted'

'Christians Can Be Taken For Granted'

Rediff.com6 Jan 2026

'Mob fury has become very common these days. And these attacks are all planned very well.' 'In all these attacks, you see that they have a very clear cut plan to make the victims as the oppressors and the guilty.' 'The attackers escape and they face no consequences as they have the backing of some political leaders.'

Sensex inches up 40 points in muted trading

Sensex inches up 40 points in muted trading

Rediff.com3 Nov 2025

Among Sensex firms, Mahindra & Mahindra was the biggest gainer, gaining 1.7 per cent after the October sales data. Tata Motors Passenger Vehicles (TMPV) rose by 1.69 per cent. Eternal, State Bank of India, Bharti Airtel and Kotak Mahindra Bank were also among the major gainers.

Sensex tanks over 519 points on foreign fund outflows

Sensex tanks over 519 points on foreign fund outflows

Rediff.com4 Nov 2025

From the Sensex firms, Power Grid, Eternal, Tata Motors, Tata Steel, Maruti and Bharat Electronics, were among the major laggards. However, Titan, Bharti Airtel, Bajaj Finance, Mahindra & Mahindra, and State Bank of India were the gainers.

How Could Markets Be At All-Time Highs While Portfolios Languished?

How Could Markets Be At All-Time Highs While Portfolios Languished?

Rediff.com29 Dec 2025

There are vexing questions around the disconnect between Nifty returns and portfolio returns, between economic growth and earnings growth, and finally, between earnings growth and market returns, points out Debashis Basu.