SBI to automate over 50% of cheques using AI, raise limit to Rs 1 lakh
State Bank of India (SBI) plans to raise the automated cheque-processing threshold from Rs 10,000 to Rs 1 lakh, a move that will let AI handle more than 50% of its cheques…
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SBI total business may double to Rs 200 lakh crore by 2030
SBI Chairman C S Setty has said the bank's total business could double to around Rs 200 lakh crore by 2030, when the lender celebrates its 75th foundation year. The projection rests…
Four top firms lose Rs 87,960 crore in market valuation
Four of India's top-10 most valued firms saw their combined market capitalisation erode by Rs 87,960.29 crore last week as the equity markets turned bearish, with Bharti Airtel taking the biggest hit.…
Rs 87,960 crore wiped off top firms, Airtel hit hardest
Four of India's 10 most valued companies lost a combined Rs 87,960.29 crore in market capitalisation last week as bearish equity markets dragged down heavyweight shares. Bharti Airtel suffered the biggest erosion,…
SBI buys Pune commercial property for Rs 414 crore
State Bank of India, the country's largest public sector lender, has acquired a commercial property in Pune's Kharadi area for Rs 414 crore. The deal includes assignment of leasehold rights over 2.12…
Telangana Grameena Bank distributes Rs 84,849 crore loans at mega mela
Telangana Grameena Bank (TGB) organised a mega loan mela in Siddipet on Thursday, distributing tractors, harvesters, JCB machines, livestock units and loans to women self-help groups to beneficiaries from Siddipet and Medak…
CBI files supplementary chargesheet in RCom loan fraud case
The Central Bureau of Investigation (CBI) has filed a supplementary chargesheet in the Rs 1,200-crore loan fraud case involving Reliance Communications Ltd (RCom). The chargesheet, filed before a special CBI court in…
Goldman Sachs initiates coverage on 14 Indian banks
Goldman Sachs has initiated coverage on 14 Indian banks, assigning Buy ratings on six: HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank, and State Bank of India. It gave…
Central Bank of India offers 6.75% on 444-day FD, topping PSU bank rates
Central Bank of India offers the highest 444-day fixed deposit rate of 6.75% among major public sector banks, followed by Punjab National Bank and Indian Overseas Bank at 6.60%. A Rs 5…
Banks crowd startup lending, squeeze venture debt funds
Traditional banks including HSBC India, Axis Bank, ICICI Bank, SBI and Bank of Baroda are expanding lending to growth-stage startups, competing with venture debt funds and NBFCs. HSBC has deployed over half…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.