Sbi News - Latest Updates & Headlines
States that used funds under Smart Cities Mission witnessed sharp drop in crime rates: SBI Report
New Delhi, April 24: States that have effectively used funds under the Smart Cities Mission (SCM) have witnessed a sharper drop in crime rates, according to a new report by the State Bank of India (SBI).
Smart Cities Mission: Over 90% Projects worth Rs 1.5 lakh cr completed so far, says SBI Report
New Delhi, April 22: The Smart Cities Mission, launched by Prime Minister Narendra Modi on June 25, 2015, is nearing its 10-year milestone.
Rs 1.5 lakh crore projects in India's Smart Cities result in cleaner air, drop in crime
New Delhi, April 22: India’s Smart Cities Mission is set to complete a decade of its existence in June with 90 per cent of the Rs 1.64 lakh crore worth of projects, focused on mobility, potable water and sanitation across 100 cities, having been completed, according to an SBI report released on Tuesday.
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.
SBI, HDFC only Indian banks in world's 100 largest by assets: S&P Global Market Intelligence
New Delhi, April 16: State Bank of India and HDFC Bank are the only Indian banks that have found its place on the latest S&P Global Market Intelligence ranking of the world's 100 largest banks by assets.
RBI may cut rates by 50 bps in June and August, says SBI Research
New Delhi, April 16: As inflation hits a multi-year low and expectations remain subdued, a rate cut by the Reserve Bank of India (RBI) of 50 basis points is possible in June and August, said a report by SBI Research.
Digital payments via UPI back to life after technical glitch
New Delhi, April 12: Digital payments via Unified Payments Interface (UPI) returned for most users on Saturday after the popular service suffered a nationwide outage affecting millions of users.
RBI's policy stance turning accommodative shows signs of easing: SBI Report
Mumbai, April 10: The Reserve Bank of India (RBI) has taken a more accommodative stance in its monetary policy, as inflation expectations have shown signs of easing.
Banks likely to reduce interest rates after RBI's repo rate cut: SBI report
New Delhi, April 9: With the RBI’s 50 basis points cumulative reduction in policy rates since February this year, transmission of the rate cut by banks is expected in the coming quarters, according to an SBI report.
Invest in quality stocks with strong business models amid global uncertainty: SBI Report
Mumbai, April 7: As global economic uncertainties rise due to US trade tariff tensions, inflation risks and volatile markets, a new report said on Monday recommended investing in quality businesses for long-term gains.
India's inflation may stay below 4% in first half of FY26: SBI Report
New Delhi, April 7: The inflation in India may remain below 4 per cent in the first half of the financial year 2025-26 (FY26), said a report by State Bank of India (SBI).
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.
SBI report urges India to expand PLI scheme as Trump announces reciprocal tariffs
New Delhi, April 5: According to a report by the State Bank of India (SBI), India should strengthen its Production-Linked Incentive (PLI) schemes in light of growing global trade competitiveness, especially after U.S. President Donald Trump announced reciprocal tariffs on several countries, including India.
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.
Potential retaliation to US tariffs may initiate vicious cycle on global growth: SBI Research
New Delhi, April 4: The nature of broad-based tariffs announced by US President Donald Trump and potential retaliation by other countries is likely to initiate a vicious cycle of global growth, says a report by SBI Research.
Around 50% of Mudra accounts belong to SC, ST and OBCs; boosting financial independence: SBI Report
New Delhi, April 3: The Pradhan Mantri Mudra Yojana (PMMY) is boosting financial independence among marginalized groups as nearly 50 per cent of the 52 crore PMMY accounts belong to individuals from Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC), says a report by State Bank of India (SBI).
SBI, Citi unveil $295 million social loan to empower local smallholder farmers in India
Mumbai, April 3: State Bank of India (SBI) and Citi on Thursday announced a social loan facility of $295 million to support smallholder farmers in India.
PMMY an effective tool for women empowerment at grassroots level: SBI report
New Delhi, April 2: Increasing women participation in the Pradhan Mantri Mudra Yojana (PMMY) — 68 per cent of 52 crore account holders are women — has led to better financial situation of women borrowers in the last 10 years, a report showed on Wednesday.
Karnataka Police round up notorious UP dacoit gang while on trail of Davangere bank heist accused
Davangere (Karnataka), March 31: Police in Karnataka's Davangere, investigating the October 2024 bank heist, were initially without any leads and pursued multiple directions of inquiry, which unexpectedly helped solve several other major cases - including the capture of the notorious Kakrala gang from Uttar Pradesh.
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.
Combined market valuation of top 8 firms rises by Rs 88,000 crore; HDFC Bank leads gains
Mumbai, March 30: The combined market valuation of eight out of the top ten most-valued Indian companies has increased by Rs 88,085.89 crore this week.
IREDA inks pact for 26 billion Japanese Yen loan from SBI's Tokyo branch
New Delhi, March 28: Indian Renewable Energy Development Agency Limited (IREDA) announced on Friday that it has signed an agreement for a 26 billion Japanese Yen loan from the SBI’s Tokyo branch, which includes a greenshoe option of 10 billion Japanese Yen.
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.
RBI should include infrastructure loans in Priority Sector Lending category: SBI Report
New Delhi, March 26: The Reserve Bank of India (RBI) should include loans given to infrastructure projects--such as roads, ports, railways, airports, highways, and the energy sector--under priority sector lending (PSL) or exempt them from the calculation of Adjusted Net Bank Credit (ANBC) for PSL targets, suggests a report by State Bank of India (SBI)
RBI's revised priority sector lending norms ease credit constraints in renewable energy sector: SBI
New Delhi, March 26: The Reserve Bank of India's (RBI) revised guidelines for Priority Sector Lending (PSL) have helped ease credit constraints in the renewable energy sector, according to a report by the State Bank of India (SBI).
Public sector banks' dividend payout rises 33 pc in FY24: Centre
New Delhi, March 23: Public sector banks (PSBs) in India have shown significant financial improvement, as their dividend payouts increased by 33 per cent to Rs 27,830 crore in the financial year 2023-24.
Kerala sees 7.3 per cent inflation in February, highest among states; Chhattisgarh records 4.9 per cent
New Delhi, March 20: India's inflation hit a low of 3.6 per cent in February with many states seeing high inflation. According to SBI research report, Kerala reported the highest inflation rate of 7.3 per cent among states in February, followed by Chhattisgarh at 4.9 per cent.
India stands to gain in an increasingly uncertain world of tariffs: SBI Report
New Delhi March 17: US President Donald Trump's plan to impose reciprocal tariffs may only lead to a 3-3.5 per cent decline in Indian exports, and the effect will be negated by higher exports, according to SBI Research released on Monday.
Impact of US tariffs on India minimal as country diversifies exports kitty: SBI report
New Delhi, March 17: The impact of US trade reciprocal tariffs on India will be minimal as the country has diversified its exports kitty, pitched value addition, exploring alternate areas and works on new routes that transcend from Europe to the US via the Middle East, redrawing new supply chain algorithms, a new SBI Research report said on Monday.
India's economic indicators strong, rate cuts could further bolster growth: SBI report
New Delhi, March 16: India's economic indicators for February reflect a moderation in inflation, improved industrial output and strong corporate earnings, according to the latest SBI Ecowrap report.
RBI may go for 75 bps rate cut this fiscal, 25 bps each in April, June and October 2025: Report
New Delhi, March 13: SBI research ecowrap predicts 75 basis points rate cut this fiscal. Experts believe that CPI inflation will be 3.9 per cent in the fourth quarter of FY25 and will average at 4.7 per cent for the entire year.
India's capital expenditure growth likely to moderate to single digits: SBI MF Report
New Delhi, March 11: India's capital expenditure (capex) growth is expected to moderate to single digits over the next two years after witnessing strong growth in recent years, according to a report by SBI Mutual Fund.
Investments likely to outperform Consumption in FY26: SBI MF Report
New Delhi, March 10: Investments in India are expected to outpace consumption in the financial year 2025-26 (FY26), according to a report by SBI Mutual Fund.
Current turbulence provides saner entry points for long-term investors: SBI report
New Delhi, March 10: The current market turbulence provides saner entry points for long-term investors, a new report said on Monday, adding that the mid to long-term story for Indian equities continues to hinge on earnings upcycle.
FM Nirmala Sitharaman highlights SBI role in empowering women
Mumbai, March 9: Finance Minister Nirmala Sitharaman has inaugurated 70 branches and 501 Women Customer Service Points of the State Bank of India (SBI) as part of the commitment to extend banking services to the underserved population of the country.
Reduced US focus on green energy could suppress solar demand, eroding Indian exporter margins: Report
New Delhi, March 9: Reduced focus of the US on green energy initiatives could significantly suppress solar panel demand, worsening global supply-demand imbalances and eroding price premiums in the US market, which have long benefited Indian solar exporters, says a report by SBI Caps.
Solar capacity additions to accelerate with 85-90 GW projected for FY26-27: Report
New Delhi, March 9: Solar capacity additions in India will accelerate in the Financial Year (FY) 2026 and FY27, with 85-90 GW of new solar capacity expected to be added during these two years combined, according to a report by SBI Caps.
TCS, SBI lead market rally as 7 of top 10 firms gain Rs 2.1 lakh crore
Mumbai, March 9: The combined market value of seven out of the top ten most valued companies in India increased by Rs 2,10,254.96 crore last week.
RBI will have to cut CRR to ease banking liquidity; Mahakumbh leads to significant cash withdrawals: SBI Report
New Delhi, March 4: The Reserve Bank of India (RBI) will have to cut the Cash Reserve Ratio (CRR) to ease the prevailing liquidity pressure in the banking sector, according to a report by State Bank of India (SBI) research.
RBI may have to infuse Rs 1 Lakh crore by March to maintain liquidity: SBI Report
New Delhi, March 4: The Reserve Bank of India (RBI) may have to inject additional Rs 1 lakh crore into the banking system by March to maintain liquidity at an equilibrium level, according to a report by the State Bank of India (SBI) research.