Latest Updates Around The World
To encourage innovation, SBI has developed a sandbox and innovation hub, which provides access to nearly 300 APIs (Application Programming Interfaces) that enable fintechs to test and integrate their solutions with the bank’s systems | Photo credit: KSL According to Ashwini Kumar Tewari, Managing Director (Corporate Banking & Subsidiaries), State Bank of India (SBI) will […]
Banks have raised their expectations for credit growth for the current fiscal year, partly due to the GST rate cuts at the end of September, lower interest rates following a 100 basis point (bps) repo cut and the central bank’s relaxation of banking regulations. The country’s largest lender State Bank of India (SBI) noted that […]
Mutual funds have clustered in a handful of big names in 2025, with Axis Bank, Maruti Suzuki, SBI, ICICI Bank and SBI Life among the most overvalued stocks, each trading well above their index weighting. Conversely, several blue chip giants, including Reliance Industries, HDFC Bank, ITC and TCS, are noticeably underserved despite their dominance in […]
SBI Chairman Challa Sreenivasulu Setty | Photo credit: SHASHNK PARADE Public sector lender SBI is working on a mechanism that will allow its employees to communicate with customers in local languages, highlighting that AI tools can help ease the transition and support faster learning. “We are already working on it. We have launched a program […]
Finance Minister Nirmala Sitharaman with Challa Sreenivasulu Setty, Chairman of State Bank of India during the 12th SBI Banking and Economics Conclave 2025 in Mumbai Union Finance Minister Nirmala Sitharaman has asked public sector banks (PSSBIUBs) to ensure that employees posted at a branch understand its customer and speak the local language. She emphasized that […]
State Bank of India, the country’s largest lender, plans to sell a 6 per cent or Rs 3.20 crore stake in its subsidiary SBI Fund Management through an initial public offering (IPO). Amundi India Holding, the other promoter of SBIFML, will divest 3.70 percent or 1.88 crore shares. Both the promoters of SBIFML have jointly […]
SBI’s Q2 FY26 earnings show growth, with net profit boosted by stake sales in Yes Bank despite a decline in core profitability. State Bank of India (SBI) reported second quarter 2026 profits that were largely in line with expectations. Advances grew faster than the banking system at 12.7 percent year-on-year, while the system grew at […]
SBI’s Q2 FY26 earnings show growth, with net profit boosted by stake sales in Yes Bank despite a decline in core profitability. State Bank of India (SBI) reported second quarter 2026 profits that were largely in line with expectations. Advances grew faster than the banking system at 12.7 percent year-on-year, while the system grew at […]
The Indian market may be buzzing with IPOs and investor euphoria, but Helios Mutual Fund remains cautious. CEO Dinshaw Irani said the fund skipped Lenskart’s IPO despite strong demand due to high valuations and limited growth visibility, especially in its overseas operations. “When valuations are this high, you need exponential growth to justify them. We […]
Foreign institutional investors (FIIs) have quietly increased their stakes in most state-owned lenders in the September 2025 quarter, signaling renewed confidence in India’s public banking sector. The incremental purchases, spread across almost every major PSU bank from Bank of Baroda to State Bank of India, come as the Nifty PSU Bank index rose nearly 9% […]
