RBI assigns SBI as lead bank for Ladakh’s five new districts
The Reserve Bank of India has designated State Bank of India as the lead bank for five newly formed districts in the Union Territory of Ladakh: Sham, Nubra, Changthang, Zanskar and Drass.…
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SBI, HDFC, Axis Bank Turn Branch Staff Into Salespeople
NDTV Profit reports that SBI is moving some branch staff towards sales and upselling as more banking migrates to digital channels. HDFC Bank and Axis Bank are also rethinking how they use…
SBI leads Rs 1.43 lakh crore gain in top-10 firm valuations
Four of India's top-10 most valued firms added a combined Rs 1.43 lakh crore to their market capitalisation last week, with State Bank of India the biggest winner. The BSE Sensex climbed…
Banks closed for Independence Day and regional holidays this week
Bank branches across India are closed on August 15 for Independence Day, a nationwide holiday. Banks in Manipur will additionally remain shut on August 13 for Patriot's Day, honouring those who died…
SBI recovers 76% personal loans without active collection
State Bank of India's annual report reveals that 76% of its personal loan recoveries happen without active collection efforts. The bank's Xpress Credit book stood at Rs 3.76 lakh crore as of…
SBI raises ₹4,691 crore via AT1 bonds at 7.75%
State Bank of India (SBI) has raised ₹4,691 crore through its first Basel III compliant Additional Tier 1 (AT1) bond issuance this financial year. The perpetual bonds carry a coupon rate of…
SBI Q1 net profit rises 10%, stock hits new high
State Bank of India (SBI) reported a standalone net profit of Rs 21,121 crore for the first quarter of FY27, beating market estimates. Profit rose 10.2% year-on-year and 7.3% quarter-on-quarter, driven by…
SBI shifts entire cheque processing to AI, chairman says
State Bank of India (SBI) Chairman CS Setty announced that the bank is moving its entire cheque processing operation to artificial intelligence. Speaking after the lender's quarterly earnings, Setty said AI will…
Banks closed on August 8 for second Saturday
All banks across India are closed today, August 8, 2026, because it is the second Saturday of the month, as per the Reserve Bank of India's holiday calendar. The rule applies to…
SBI, Delhivery among over 200 firms reporting Q1 results
On August 8, at least 80 companies including Delhivery and Aditya Birla Fashion will announce their Q1 FY27 earnings, continuing the busy results season on Dalal Street. Earlier in the week, Raymond…
