News for 'State Bank'

Bangladesh pushes for India cricket tour in September to revive ties

Bangladesh pushes for India cricket tour in September to revive ties

Rediff.com21 Jul 2026

Bangladesh is actively pursuing a cricket series against India in September, utilising sports diplomacy to mend strained bilateral ties following a controversy involving Mustafizur Rahman and Bangladesh's subsequent T20 World Cup boycott.

ED raids 5 Kolkata locations in TMC plane, helicopter funding probe

ED raids 5 Kolkata locations in TMC plane, helicopter funding probe

Rediff.com8 Jul 2026

The Enforcement Directorate conducted searches in Kolkata as part of an investigation into alleged fund routing from TMC's bank accounts for purchasing an Embraer jet and an AgustaWestland helicopter. The probe suggests Rs 160 crore was transferred to Carewell Aviation, with Rs 112 crore used for aircraft. The ED suspects the arrangement was designed to camouflage the true purpose of transactions. This comes amidst frozen TMC bank accounts and ongoing internal party disputes.

Ex-Bank Employees Arrested In Gurugram Loan Fraud Case

Ex-Bank Employees Arrested In Gurugram Loan Fraud Case

Rediff.com27 Apr 2026

Gurugram Police have arrested two former bank employees for allegedly fraudulently obtaining loans by accessing data of pre-approved accounts.

Private Banks Face CEO Talent Crunch

Private Banks Face CEO Talent Crunch

Rediff.com30 Mar 2026

What is the reason behind this drying up of talent for the top post in private banks?

Stock markets today: Sensex, Nifty jump as IT stocks lead rally

Stock markets today: Sensex, Nifty jump as IT stocks lead rally

Rediff.com3 Jul 2026

Indian benchmark indices Sensex and Nifty surged in early trade, driven by a rally in IT stocks and tempered expectations of US Federal Reserve monetary tightening following softer-than-expected US jobs data. Track Sensex, Nifty on July 3.

The MBBS Costs You Don't See Till It's Too Late

The MBBS Costs You Don't See Till It's Too Late

Rediff.com23 Jul 2026

Be aware of a set of costs that never appears on a college's fee page. They sit as clauses near the end of the state counselling body's prospectus and, in many states, not even there, warns Ashok Hegde, founder, neet2seat.

Dhanush Turns Bank Robber In Kara

Dhanush Turns Bank Robber In Kara

Rediff.com20 Apr 2026

Dhanush takes on the role of a desperate bank robber in the newly released trailer for Kara, a Vignesh Raja directorial set against the tumultuous economic backdrop of the 1991 Gulf War, promising an intense action drama.

MP Cabinet clears UCC Bill; covers marriage, inheritance, live-in relations

MP Cabinet clears UCC Bill; covers marriage, inheritance, live-in relations

Rediff.com19 Jul 2026

The Madhya Pradesh cabinet has approved the draft Uniform Civil Code (UCC) bill, which will be introduced in the state assembly's monsoon session. The proposed legislation, excluding the tribal community, addresses marriage, live-in relationships, adoption, and inheritance, aiming for women's empowerment and social harmony. Chief Minister Mohan Yadav highlighted broad support and criticised the Congress for its stance.

LIC emerges as highest profit-making financial company in Jan-Mar quarter

LIC emerges as highest profit-making financial company in Jan-Mar quarter

Rediff.com24 May 2026

State-owned Life Insurance Corporation of India (LIC) has reported a net profit of over Rs 23,400 crore for the January-March quarter, making it the highest profit-making firm in the Indian financial sector during this period, surpassing major banks like SBI and HDFC Bank.

Sensex, Nifty rally on US-Iran peace deal optimism, falling crude prices

Sensex, Nifty rally on US-Iran peace deal optimism, falling crude prices

Rediff.com18 Jun 2026

Indian benchmark equity indices, Sensex and Nifty, extended their rally for a fifth consecutive session, driven by optimism surrounding a potential US-Iran peace deal and a significant drop in crude oil prices. Despite hawkish remarks from the US Fed, investors remain hopeful that easing energy prices could temper inflationary pressures.

SBI Funds Management IPO: Why the 'moderate' valuation and what's next?

SBI Funds Management IPO: Why the 'moderate' valuation and what's next?

Rediff.com10 Jul 2026

SBI Funds Management, India's largest asset management company, has set its IPO price band between 545 and Rs 574 per share, valuing the company at 1.2 trillion. The management explained the 'moderate' valuation aims to instil investor confidence amidst market uncertainty, while also highlighting plans for AI integration, expansion into GIFT City, and new alternative investment funds.

Banks On Alert Over AI Security Risks

Banks On Alert Over AI Security Risks

Rediff.com23 Apr 2026

Finance Minister Nirmala Sitharaman met with bank heads to discuss risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model and its potential threat to financial systems' data security.

Had no role in daily donation collection at Ram Temple: Trust treasurer

Had no role in daily donation collection at Ram Temple: Trust treasurer

Rediff.com5 Jul 2026

Under the lens over serious lapses in the donation management system at the Ram Mandir in Ayodhya, the treasurer of the Shri Ram Janmabhoomi Teerth Kshetra Trust, Govind Dev Giri, has said that all audit reports were "safe" and that he had no role in the daily donation collection process at the temple.

How Landeed's Rs 30 Crore Investment Will Transform Property Due Diligence

How Landeed's Rs 30 Crore Investment Will Transform Property Due Diligence

Rediff.com7 Jul 2026

Real estate startup Landeed plans to invest Rs 30 crore this fiscal year to expand its business, focusing on enhancing its AI-powered property title search engine, Terra. This investment will boost GPU infrastructure, develop specialised language models, and improve Indic OCR for Indian property records, aiming to streamline property due diligence across 26 states and 4 union territories.

SBI's Q4 Profit Jumps 6% to Rs 19,684 Crore as Bad Loans Decline

SBI's Q4 Profit Jumps 6% to Rs 19,684 Crore as Bad Loans Decline

Rediff.com8 May 2026

State Bank of India (SBI) reported a 6 per cent increase in standalone net profit to Rs 19,684 crore for the fourth quarter ended March 2026, driven by a significant decline in bad loans.

Banks Review Cybersecurity Amid AI Threat Concerns

Banks Review Cybersecurity Amid AI Threat Concerns

Rediff.com23 Apr 2026

Finance Minister Nirmala Sitharaman convened a high-level meeting with bank heads to assess cybersecurity risks linked to advanced AI models, following concerns over Anthropic's Claude Mythos system and its potential impact on financial data security.

Ram Temple theft: Police trace accuseds' money trail to land deals, new homes

Ram Temple theft: Police trace accuseds' money trail to land deals, new homes

Rediff.com11 Jul 2026

The police investigating the "embezzlement" of donations at the Ram temple in Ayodhya have scrutinised the bank accounts of relatives of the eight arrested accused as they seek to establish the money trail behind the alleged diversion of funds, sources said on Friday.

I-T portal 'largely stable' despite peak load, Infosys penalised for delays

I-T portal 'largely stable' despite peak load, Infosys penalised for delays

Rediff.com21 Jul 2026

The Indian government has informed the Lok Sabha that the income-tax return (ITR) e-filing portal is functioning in a 'largely stable and efficient manner' despite a significant increase in traffic during the peak filing season. However, it acknowledged transient technical issues and disclosed that contractual penalties have been imposed on Infosys for project delays and service-level agreement failures.

Can Prashant Kishor Pull Off The Impossible In Bankipur?

Can Prashant Kishor Pull Off The Impossible In Bankipur?

Rediff.com28 Jul 2026

The Bankipur assembly bypoll is a high-stakes electoral debut for Jan Suraaj Party founder Prashant Kishor as he challenges the BJP in a constituency that has been a BJP stronghold for nearly two decades.

Street signs: Bank-backed brokers may regain edge, IPO pipeline stalls

Street signs: Bank-backed brokers may regain edge, IPO pipeline stalls

Rediff.com6 Apr 2026

India's market landscape is undergoing significant shifts, with bank-backed brokerages potentially regaining dominance over discount platforms due to regulatory changes and increased taxes, while the IPO pipeline faces a slowdown amid heightened global volatility.

12 dead, several missing as flash floods, landslides hit Poonch, Rajouri

12 dead, several missing as flash floods, landslides hit Poonch, Rajouri

Rediff.com19 Jul 2026

Incessant overnight rainfall has triggered severe flash floods and landslides in Jammu and Kashmir's Poonch and Rajouri districts, resulting in at least eight fatalities and six people missing, prompting Chief Minister Omar Abdullah to cut short his Delhi visit to personally monitor the situation.

Amid fiscal worries, govt puts PSU share sales on fast track

Amid fiscal worries, govt puts PSU share sales on fast track

Rediff.com2 Jul 2026

The Indian government is accelerating its sale of minority stakes in state-owned companies, including a significant offer for sale (OFS) in Life Insurance Corporation of India (LIC) expected "very soon," to meet its 80,000 crore mobilisation target and reduce its holdings to 75 per cent in most listed PSUs by year-end.

School Teacher Loses Lakhs In Rare Bank Note Scam

School Teacher Loses Lakhs In Rare Bank Note Scam

Rediff.com30 Apr 2026

A school teacher in Ajmer was defrauded of Rs 3.66 lakh by cyber criminals who lured her with a fake online offer to buy a rare Rs 5 note for Rs 48 lakh.

IDFC First Bank Simplifies Customs Duty Payments Digitally

IDFC First Bank Simplifies Customs Duty Payments Digitally

Rediff.com18 Apr 2026

IDFC First Bank has integrated with ICEGATE 2.0 to enable digital payment of customs duty, central excise, and service tax for its customers.

Haryana Sacks Official Over Rs 590 Crore Bank Fraud

Haryana Sacks Official Over Rs 590 Crore Bank Fraud

Rediff.com25 Apr 2026

The Haryana government has dismissed an official from the Development and Panchayat Department in connection with a Rs 590 crore fraud case involving IDFC First Bank. The decision follows a detailed investigation that revealed a criminal conspiracy and substantial evidence against the official.

Rs 50 Lakh Looted From SBI Branch In Surat

Rs 50 Lakh Looted From SBI Branch In Surat

Rediff.com27 Apr 2026

A gang of armed robbers targeted a State Bank of India branch in Surat, Gujarat, looting Rs 50 lakh in cash after threatening staff and customers.

Police seeks custody of 3 more in Ram temple embezzlement case

Police seeks custody of 3 more in Ram temple embezzlement case

Rediff.com7 Jul 2026

The Ayodhya Police are intensifying their investigation into the alleged embezzlement of donations at the Shri Ram Janmabhoomi Temple, preparing to seek custodial remand for three more accused. A Special Investigation Team's preliminary report found prima facie evidence of theft and pilferage during donation counting, with CCTV footage showing personnel concealing cash.

Police seeks custody of 3 more in Ram temple embezzlement case

Police seeks custody of 3 more in Ram temple embezzlement case

Rediff.com7 Jul 2026

The Ayodhya Police are intensifying their investigation into the alleged embezzlement of donations at the Shri Ram Janmabhoomi Temple, preparing to seek custodial remand for three more accused. A Special Investigation Team's preliminary report found prima facie evidence of theft and pilferage during donation counting, with CCTV footage showing personnel concealing cash.

Former India spinner Rajesh Chauhan booked in transport contract fraud case

Former India spinner Rajesh Chauhan booked in transport contract fraud case

Rediff.com25 Jul 2026

Former India cricketer Rajesh Chauhan has been booked for allegedly cheating a man of over Rs 15 lakh by promising a transport contract with a steel company, a case registered on court orders under Section 316(2) of the Bharatiya Nyay Sanhita.

Odisha tribal man carries sister's skeleton to bank to withdraw Rs 19,300

Odisha tribal man carries sister's skeleton to bank to withdraw Rs 19,300

Rediff.com28 Apr 2026

A tribal man in Odisha's Keonjhar district brought the skeleton of his dead sister to a bank to withdraw money deposited in her name after bank officials insisted on the account holder's presence.

'India Has Only 15 More Years Left...'

'India Has Only 15 More Years Left...'

Rediff.com27 Jul 2026

'After that the burdens of an ageing population will be upon us, and the share of working age population will shrink.'

Haryana Suspends IAS Officers Amid IDFC Bank Fraud Investigation

Haryana Suspends IAS Officers Amid IDFC Bank Fraud Investigation

Rediff.com9 Apr 2026

The Haryana government has suspended two IAS officers, Ram Kumar Singh and Pardeep Kumar, in connection with an ongoing investigation into a Rs 590-crore fraud case involving IDFC First Bank.

How Cancer-Stricken Dad's Note Spurred Saransh Jain

How Cancer-Stricken Dad's Note Spurred Saransh Jain

Rediff.com28 Jul 2026

Saransh Jain's domestic success motivated by his cancer-affected dad's inspiring note. Saransh received his India Test call-up for the Sri Lanka tour on Tuesday.

Why Rhea Chakraborty's Bank Accounts Were Defrozen

Why Rhea Chakraborty's Bank Accounts Were Defrozen

Rediff.com27 Apr 2026

A special court in Mumbai has ordered the defreezing of the bank accounts of actor Rhea Chakraborty and her brother, who were accused in a drugs case, citing the NCB's failure to follow procedural requirements under the NDPS Act.

Bharti Airtel Becomes India's Biggest Wealth Creator, IT Giants Lose 8.5 Trillion

Bharti Airtel Becomes India's Biggest Wealth Creator, IT Giants Lose 8.5 Trillion

Rediff.com3 Jul 2026

Bharti Airtel added 7.64 trillion in value over the past five years, making it the biggest wealth creator in India's private sector, while the IT sector, including TCS, Infosys, and Wipro, collectively lost 8.5 trillion in value, according to the latest Burgundy Private Hurun India 500 report.

Sensex, Nifty Rebound as Global Markets Recover, Geopolitical Tensions Ease

Sensex, Nifty Rebound as Global Markets Recover, Geopolitical Tensions Ease

Rediff.com9 Jun 2026

Indian benchmark equity indices Sensex and Nifty closed higher, recovering from previous losses, driven by a global market rebound, a pause in Israel-Iran hostilities, and a rally in bank stocks.

Retail Inflation Rises to 4.38% in June, Exceeds RBI's 4% Median Target

Retail Inflation Rises to 4.38% in June, Exceeds RBI's 4% Median Target

Rediff.com13 Jul 2026

India's retail inflation rose to 4.38 per cent in June, driven primarily by costlier food items, pushing it above the Reserve Bank of India's median target of 4 per cent for the first time under the new series.

RBI Cancels Paytm Payments Bank Licence: What it Means for Depositors

RBI Cancels Paytm Payments Bank Licence: What it Means for Depositors

Rediff.com24 Apr 2026

The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank, citing that the bank's affairs were conducted in a manner detrimental to the interests of the bank and its depositors, and its management was prejudicial to public interest.

Must-Learn Leadership Lessons From HDFC Bank's Aditya Puri

Must-Learn Leadership Lessons From HDFC Bank's Aditya Puri

Rediff.com30 Apr 2026

Aditya Puri is one of the cleanest examples we have, in Indian corporate history, of a leader who understood early that the measure of his work was not what happened while he was in the chair. It was what would keep happening when he was no longer there, says Suresh M K.

NBFC access to term money market may lift volumes by 40-60%

NBFC access to term money market may lift volumes by 40-60%

Rediff.com2 Jul 2026

The Reserve Bank of India's proposal to allow non-banking financial companies (NBFCs) access to the term money market is projected to significantly increase market volumes by 40-60 per cent in the first year, potentially doubling turnover within two to three years, according to treasury executives.