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Sbi News - Latest Updates & Headlines

Rajkot entrepreneur gives his salon a makeover with PM Mudra Yojana

Rajkot, April 16: The Pradhan Mantri Mudra Yojana (PMMY), launched by Prime Minister Narendra Modi to promote startups and self-employment, continues to receive a positive response across the country. One such inspiring success story comes from Rajkot, where a local entrepreneur has transformed his small salon into a thriving business with the help of the scheme.

RBI MPC begins, likely to go for 25 bps rate cut on April 9, says SBI report

Mumbai, April 7: As the Reserve Bank of India (RBI) began its Monetary Policy Committee (MPC) meeting (from April 7-April 9) here, SBI Research on Monday said it expects a 25-basis point rate cut in the policy and cumulative rate cut over the cycle could be at least 100 basis points, with two successive rate cuts over February and April.

India has advantage over Asian peers after US tariff hikes: SBI

New Delhi, April 4: India;s exports to the US constitute only 4 per cent of its GDP so the direct impact of the 27 per cent hike in tariffs on Indian goods announced by President Donald Trump will have only a "limited" impact, according to an SBI Research report released on Friday.

Karnataka bank theft: Stolen gold found in remote well in Tamil Nadu, six arrested

Davanagere (Karnataka), March 31: A Karnataka Police team has cracked the SBI bank theft case reported from Nyamati in Davanagere district in October 2024, arresting six people and recovering the over 17 kg of stolen gold, worth Rs 13 crore, including from a remote well, in a village in Madurai district of neighbouring Tamil Nadu, officials said.

Revised RBI's priority sector lending norms to further boost economy: SBI report

New Delhi, March 26: The recent amendments in priority sector lending (PSL) guidelines by the Reserve Bank of India (RBI) should further help the economy grow faster and fine tune the building blocks of the factors of productions, mainly the MSMEs, agri and allied sectors, housing and exports, etc, a report by SBI Research said on Wednesday.