News for 'State Bank'

K'taka traders call bandh on Friday over UPI-based GST notices

K'taka traders call bandh on Friday over UPI-based GST notices

Rediff.com23 Jul 2025

Traders in Karnataka are raising concerns over GST demand notices based on UPI transaction data. A tax official defends the action, stating it's within the law and recipients can respond with documentation.

'Migration Will Be Most Challenging Aspect Of Census'

'Migration Will Be Most Challenging Aspect Of Census'

Rediff.com18 Jul 2025

'What is going on is the under counting of the migration population in urban areas.' 'It has been going on in the last few censuses.'

'Howdy Modi meant nothing': Oppn mocks PM after Trump's 25% tariff

'Howdy Modi meant nothing': Oppn mocks PM after Trump's 25% tariff

Rediff.com30 Jul 2025

Congress general secretary Jairam Ramesh said Modi should take inspiration from former prime minister Indira Gandhi and stand up to the president of the United States.

PSU bank stocks surge up to 39% in 2024; what does 2025 hold in store?

PSU bank stocks surge up to 39% in 2024; what does 2025 hold in store?

Rediff.com13 Dec 2024

Stock Market News today, PSU banks: The year 2024 was a roller-coaster ride for Indian stock markets, marked by volatility driven by the Lok Sabha elections, Union Budget 2024, a slowdown in corporate earnings, and sticky inflation. Geopolitical tensions - particularly between Israel and Iran in West Asia - along with various stimulus announcements by China and yen carry trade rocked the equity markets throughout the year.

What led to the crisis at State Bank of India

What led to the crisis at State Bank of India

Rediff.com14 Nov 2013

India's largest public sector bank, State Bank of India announced its Q2 results with a fall of 35.08 per cent in standalone net profit to Rs 2,375 crore (Rs 23.75 billion) for the quarter ending September 2013.

Rajasthan drops textbooks 'glorifying' Nehru-Gandhi family

Rajasthan drops textbooks 'glorifying' Nehru-Gandhi family

Rediff.com11 Jul 2025

School students in Rajasthan will no longer study two-part supplementary textbooks with state Education Minister Madan Dilawar arguing that these reading materials are not required because they glorify the Nehru-Gandhi family and carry no marks for students.

The Teen Who Built A Tax Education Game

The Teen Who Built A Tax Education Game

Rediff.com5 Aug 2025

Manas Sood, a Class 12 student from the Delhi Public School, has distributed 2,650 boxes of Tax City Education and empowered over 12,000 students from 52 schools across India. His aim? To help young Indians understand taxes and become financially literate.

'Cinema's Greatest Challenge Is Reels'

'Cinema's Greatest Challenge Is Reels'

Rediff.com5 Aug 2025

'I don't know how long cinema will survive.'

Sensex scales fresh high on buying in RIL, ICICI Bank and HDFC Bank

Sensex scales fresh high on buying in RIL, ICICI Bank and HDFC Bank

Rediff.com20 Jun 2024

Among the 30 Sensex companies, JSW Steel, Tata Steel, Axis Bank, Reliance Industries, ICICI Bank, Hindustan Unilever, Kotak Mahindra Bank and Asian Paints were among the biggest gainers. In contrast, Mahindra & Mahindra, Sun Pharma, NTPC, Wipro, State Bank of India and Power Grid were among the laggards.

'For The First Time Voters Will Have To Prove Their Indian Citizenship'

'For The First Time Voters Will Have To Prove Their Indian Citizenship'

Rediff.com11 Jul 2025

'40 percent of voters in Bihar will be excluded.'

Retail inflation falls to 6-yr low of 2.82% in May on cooling food prices

Retail inflation falls to 6-yr low of 2.82% in May on cooling food prices

Rediff.com12 Jun 2025

Retail inflation dipped to an over six-year low of 2.82 per cent in May due to subdued food prices, remaining below the RBI's median target of 4 per cent for the fourth consecutive month, according to government data released on Thursday. Consumer Price Index (CPI)-based retail inflation was 3.16 per cent in April and 4.8 per cent in May 2024.

Vadodara bridge collapse: Toll rises to 18, search to resume on Friday

Vadodara bridge collapse: Toll rises to 18, search to resume on Friday

Rediff.com11 Jul 2025

The death toll in the collapse of a bridge over the Mahisagar river in Gujarat's Vadodara district has risen to 15. Rescue operations are ongoing to find the missing.

Sensex jumps 1,006 pts on buying in RIL, foreign fund inflows

Sensex jumps 1,006 pts on buying in RIL, foreign fund inflows

Rediff.com28 Apr 2025

Sun Pharma, Tata Steel, State Bank of India, Axis Bank, Tata Motors, Larsen & Toubro and ICICI Bank were also among the Sensex gainers. HCL Tech, UltraTech Cement, Nestle and Hindustan Unilever were among the laggards.

Govt dividends from CPSEs set to log record Rs 70,000 crore in FY25

Govt dividends from CPSEs set to log record Rs 70,000 crore in FY25

Rediff.com1 Apr 2025

Dividends paid by central public-sector enterprises (CPSEs) in 2024-25 are set to be the highest ever, with the government receiving 69,873 crore so far. A government official said he was hopeful the receipts would touch 70,000 crore in the last week of the financial year.

'I Needed To Follow My Karma'

'I Needed To Follow My Karma'

Rediff.com25 Jun 2025

'Once bitten, twice shy, I didn't take up the challenge this time...' 'I realised I had failed to follow my karma because I feared failure.'

Why 767 Maharashtra Farmers Died By Suicide

Why 767 Maharashtra Farmers Died By Suicide

Rediff.com8 Jul 2025

'You've got to understand it is not easy to die by suicide.' 'People commit suicide only when they lose everything and find no other way to live.'

Centre plans to list at least five RRBs by FY27-end

Centre plans to list at least five RRBs by FY27-end

Rediff.com24 May 2025

After the merger of regional rural banks (RRBs) under the "One State, One RRB" policy to improve their efficiency and minimise competition among public-sector banks (PSBs) that sponsor them, the government is planning to list at least five RRBs by the end of financial year 2026-27 (FY27). After the latest amalgamation that came into effect on May 1, there are 28 RRBs in 26 states and two Union Territories (UTs), with more than 22,000 branches covering 700 districts.

Arundhati Bhattacharya to become State Bank of India MD

Arundhati Bhattacharya to become State Bank of India MD

Rediff.com10 Jul 2013

Arundhati Bhattacharya is a strong contender for chairperson post, after Pratip Chaudhuri retires in September.

'Hurriyat no more relevant in Valley, not even functional'

'Hurriyat no more relevant in Valley, not even functional'

Rediff.com19 Jul 2025

Former separatist leader Bilal Gani Lone criticizes the Hurriyat Conference for its irrelevance and Pakistan for creating problems in Jammu and Kashmir, urging a new approach for the region's future.

Beijing ready to revive Russia-India-China troika

Beijing ready to revive Russia-India-China troika

Rediff.com17 Jul 2025

China has expressed its support for Russia's initiative to revive the Russia-India-China (RIC) troika, emphasizing its importance for regional and global security and stability.

IAS lobby doesn't want to learn Marathi: Raj Thackeray on Hindi mandate

IAS lobby doesn't want to learn Marathi: Raj Thackeray on Hindi mandate

Rediff.com18 Jun 2025

Maharashtra Navnirman Sena chief Raj Thackeray on Wednesday asked what was the need to "impose" Hindi on students and appealed to schools in Maharashtra to foil the government's "hidden agenda to deliberately create a language divide".

'BJP-nominated' EC trying to rig Bihar polls: Rahul leads protest in Patna

'BJP-nominated' EC trying to rig Bihar polls: Rahul leads protest in Patna

Rediff.com9 Jul 2025

Congress leader Rahul Gandhi accused the BJP of rigging the Maharashtra assembly elections and expressed concerns about similar tactics being used in the upcoming Bihar polls. He alleged that the special intensive revision of electoral rolls in Bihar is an attempt to manipulate the election process.

Fiscal deficit slips to 0.8% of full-year target at May-end 2025: CGA data

Fiscal deficit slips to 0.8% of full-year target at May-end 2025: CGA data

Rediff.com30 Jun 2025

The central government's fiscal deficit fell to 0.8 per cent of the full-year target at the end of May, mainly due to a whopping Rs 2.69 lakh crore dividend received from the Reserve Bank of India. The fiscal deficit, or gap between the government's expenditure and revenue, had touched 11.9 per cent of the Budget Estimates (BE) for 2025-26 or Rs 1.86 lakh crore in April.

When A Vice President Resigned For The First Time

When A Vice President Resigned For The First Time

Rediff.com22 Jul 2025

Vice President V V Giri's resignation in 1969 triggered political upheavals that saw the ruling party defy its own presidential nominee, the expulsion of a sitting prime minister by her party president, and a historic split in the Indian National Congress, recounts Utkarsh Mishra.

Sensex gains 318 pts on buying in RIL, L&T

Sensex gains 318 pts on buying in RIL, L&T

Rediff.com27 Mar 2025

From the Sensex pack, Bajaj Finserv, IndusInd Bank, NTPC, Larsen & Toubro, UltraTech Cement, Adani Ports, Bajaj Finance, Power Grid, Zomato, State Bank of India, HDFC Bank and Titan were the biggest gainers. Tata Motors tanked over 5.5 per cent after US President Donald Trump announced he would impose 25 per cent tariffs on imported cars. Sun Pharma, Kotak Mahindra Bank, Bharti Airtel, HCL Tech and Mahindra & Mahindra were also among the laggards.

Cloudburst, floods, landslides: Monsoon fury in Himachal

Cloudburst, floods, landslides: Monsoon fury in Himachal

Rediff.com1 Jul 2025

Since the onset of monsoon on June 20 to date, rain-related incidents have claimed 23 lives in the state, according to the state emergency operation centre.

CBI repatriation rate doubles, brings back 134 over 5 years

CBI repatriation rate doubles, brings back 134 over 5 years

Rediff.com17 Jul 2025

The CBI has significantly increased the rate of fugitive repatriation, bringing back 134 individuals in the last five years, doubling the number from the previous decade. This success is attributed to enhanced diplomatic efforts, technological advancements, and improved coordination with Interpol.

Investors' wealth swells by Rs 27.10 lakh cr

Investors' wealth swells by Rs 27.10 lakh cr

Rediff.com24 Mar 2025

Markets investors became richer by Rs 27.10 lakh crore as the BSE benchmark Sensex continued to rally for the sixth trading day, surging nearly 6 per cent during this period. On Monday, the 30-share BSE bellwether gauge jumped 1,078.87 points or 1.40 per cent to settle at an over six-week high of 77,984.38. During the day, the benchmark zoomed 1,201.72 points or 1.56 per cent to 78,107.23.

India, UK trade deal will unlock thousands of jobs

India, UK trade deal will unlock thousands of jobs

Rediff.com24 Jul 2025

India and the UK on Thursday inked a landmark free trade agreement (FTA) that will cut tariffs on British whisky, cars and an array of items, besides boosting bilateral trade by around $34 billion annually.

Why This Banker Didn't Get Promoted!

Why This Banker Didn't Get Promoted!

Rediff.com2 May 2025

The bank made a Rs 67 crore net profit, up 21% from the previous year. Its deposits grew 8%, the loan book 10%. Net bad loans dropped from 7.53% to 6.07%. So why was the banker, who headed the bank, not promoted?

Sitharaman has a message for the fintechs

Sitharaman has a message for the fintechs

Rediff.com19 Jun 2025

Finance Minister Nirmala Sitharaman on Wednesday asked fintech startups to come out with solutions to deal with the rising incidence of digital arrests, cheating by fly-by-night operators, and other kinds of cyber frauds. Speaking at the Digital Payments Awards 2025 ceremony here, the minister credited fintechs with helping speed up financial inclusion and taking the payment system to even the far-flung areas of the country.

Banks shift bets from G-secs to state and corporate bonds

Banks shift bets from G-secs to state and corporate bonds

Rediff.com11 Apr 2024

Banks are preferring instruments with higher premium over government securities for their held-till-maturity (HTM) portfolio, following the new investment norms, which came into effect from April 1. They are stocking up on corporate bonds and state government securities to boost yield on their portfolio, according to market participants. "Definitely, if there is a good spread available and without lower credit risk, those instruments will be favoured to boost the yield on the portfolio.

'Red' alert for downpour in Himachal, rail line shut

'Red' alert for downpour in Himachal, rail line shut

Rediff.com29 Jun 2025

The meteorological centre in Shimla issued a 'red' alert on Sunday for very heavy downpour in 10 districts of Himachal Pradesh, while services on the Shimla-Kalka rail line were suspended for hours till the debris and trees fallen on the tracks following overnight rains were removed.

'No Sane Pilot Would Shut Off Fuel'

'No Sane Pilot Would Shut Off Fuel'

Rediff.com21 Jul 2025

'In multi-pilot operations, no critical switch can be moved without the other pilot's consent.'

Why Is SEBI Probing A Trading Giant?

Why Is SEBI Probing A Trading Giant?

Rediff.com21 Jun 2025

Sebi's probe against Jane Street is part of its efforts to mitigate losses for individual derivative traders.

BJP sent Cong to defeat AAP: Kejriwal says no to INDIA bloc

BJP sent Cong to defeat AAP: Kejriwal says no to INDIA bloc

Rediff.com3 Jul 2025

Kejriwal claimed that the BJP has ruined Gujarat in its 30-year rule. The Congress has failed as an opposition because it helps the BJP retain power, he said.

State Bank of India lines up $100 mn foreign buys

State Bank of India lines up $100 mn foreign buys

Rediff.com25 Feb 2006

The bank is also mulling a mega Tier 2 bond issue in June-July 2006 to support credit growth.

Retail inflation eases to over 6-yr low of 2.1% in June

Retail inflation eases to over 6-yr low of 2.1% in June

Rediff.com14 Jul 2025

Retail inflation declined to over six-year low of 2.1 per cent in June, nearing the RBI's comfort zone, on account of subdued prices of food items, including vegetables, driven by widespread monsoon.

Will Marathi Unite Thackeray Cousins?

Will Marathi Unite Thackeray Cousins?

Rediff.com5 Jul 2025

'Let's see how this love story shapes up in the run up to the municipal corporation election.'

'I'm Not A Chor'

'I'm Not A Chor'

Rediff.com7 Jun 2025

Breaking his silence after nine years, Vijay Mallya said he may return to India if assured a fair trial.