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Mumbai: India s credit card boom is turning less lucrative for issuers, yielding lower profit margins for banks even as spending continues to rise. Customers are increasingly using credit cards as a payment tool rather than a borrowing product, shrinking the i
The State Bank of India (SBI) has declared the SBI PO prelims result 2026. Candidates who appeared for the Probationary Officer (PO) preliminary examination can now check their results and download their scorecards through the official SBI website, sbi.co.in
At the end of the day, both private and PSU banks are equally impacted by what goes on in the economy. If they are behaving differently in the market these days, it is because of valuations, existing ownership, overall fund flows, and the kind of investors put
Police in Ayodhya, investigating the alleged theft and embezzlement of funds and valuables donated to the Ram temple, have been seeking details from Champat Rai, general secretary of the Shri Ram Janmbhoomi Teerth Kshetra Trust, and trustee Anil Mishra on the
A cash officer of the State Bank of India (SBI) in Gujarat allegedly manipulated ATM and bank records to siphon off Rs 1.93 crore while the bank s system continued to show the cash as deposited. The Gujarat High Court has rejected his second successive bail pl
July was a busy month for HDFC Mutual Fund, which ramped up its investments by increasing its stakes in about 422 stocks. Simultaneously, the fund reduced its involvement in 164 stocks, affecting numerous prominent companies
Sunil Singhania-backed Abakkus Flexi Cap Fund increased its exposure to Reliance Industries, Vedanta Power and 32 other stocks in July. The fund added shares of NTPC, Edelweiss Financial Services, Vedanta Aluminium Metal, SBI, HDFC Bank and ICICI Bank, while t
New Delhi, A Delhi Motor Accident Claims Tribunal has awarded over 32.74 lakh compensation to the family of a 49-year-old man who died after his motorcycle was hit by a speeding truck in Delhi in 2023. Presiding Officer Manish Sharma was hearing a claim petiti
You may have been chasing credit cards to get that one complimentary airport lounge access when the answer might have been sitting in your wallet your debit card. Yes, you read that right!
In July, mutual funds increased their allocation to the IT sector to 6.6 per cent, marking a positive shift after an extended period of minimal investment from fund managers. Analysts believe this surge is mainly driven by valuation factors, highlighting a cau
MSCI announced changes to India indices, adding four stocks and removing three. India's weight in the MSCI India Standard Index will rise slightly to 11.9 percent
In July, fund managers recalibrated their blue-chip stock portfolios, focusing on select sectors like IT, automotive, and pharmaceuticals for increased investments. Notably, financial services, particularly non-banking financial companies (NBFCs) and private l
Mutual funds boosted cash holdings by over Rs 7,856 crore in July. PPFAS Mutual Fund held the largest cash reserve at Rs 25,291 crore
A man's SBI bank account was drained of Rs 1.3 lakh through four unauthorised ATM withdrawals and two transfers he says he never made. SBI failed to produce CCTV footage or transaction records before the commission
Mutual funds bought Rs 15,900 crore of stocks in July while FIIs sold Rs 11,000 crore. Axis Bank, INDO-MIM and Kotak Mahindra Bank saw major buying, while ICICI Bank, Eternal and Reliance Industries faced selling
An investment advisor recommends a tailored strategy for a surplus of Rs 1.31 crore, focusing on balancing risk and stability for retirement aspirations. This plan involves a staggered investment approach via a systematic transfer plan (STP) spanning four to s
The Himachal State Consumer Commission has directed SBI Life to pay a widow Rs 49.98 lakh after rejecting her husband s Rs 50 lakh death claim over an unpaid Rs 2,016.54 premium. The commission directed the insurer to pay 9 per cent annual interest from April
Astral Ltd., Balkrishna Industries Ltd. and SBI Cards and Payment Services Ltd
The State Bank of India (SBI) has opened the recruitment process for Junior Associate posts in its clerical cadre. The recruitment notification covers 9,766 vacancies, including 7,680 regular posts and 2,086 backlog vacancies
The telecom operator Vodafone Idea is in the process of raising capital from a mix of public sector and private lenders, showcasing significant advancement in its funding strategy. They have successfully closed the initial tranche amounting to Rs 6,400 crore
State Bank of India shares faced a 2.2 percent decline on Monday, despite surpassing analysts' expectations for their June-quarter earnings. Most brokerages expressed continued optimism for the lender, with several firms increasing their target prices while ma
Indian benchmark indices ended largely flat on Monday as rising crude prices and Middle East uncertainty offset optimism from softer US jobs data. The Nifty50 edged up 0.05%, while the Sensex gained 0.06%
A consumer body in Chhattisgarh has held State Bank of India (SBI) guilty of deficiency in service for allegedly failing to act on a customer s complaint of unauthorised online transactions worth nearly Rs 1 lakh, and directed the bank to refund the amount wit
Indian equity markets closed lower on Friday, with the newly launched closing auction session continuing to create a divergence between the benchmark indices Sensex and Nifty.Sensex closed nearly 456 points lower (0.58%) at 78,499, while Nifty 50 fell only 65
Many Non-Resident Indians (NRIs) prefer Non-Resident External (NRE) fixed deposits that are a low-risk and reliable investment option. Non-Resident External (NRE) fixed deposit (FD) schemes allow NRIs to invest foreign earnings in Indian rupees.Apart from offe
India's consumer price inflation (CPI) is likely to average around 5 per cent in FY27, with the Reserve Bank of India (RBI) expected to maintain a prolonged pause in interest rates as a stable rupee and improving foreign inflows help keep broader price pressur
SBI Funds Management IPO GMP Day 1 Live Updates: SBI Funds Management's Rs 9,813-crore IPO has opened with a Rs 96 grey market premium, implying a 17% listing gain. The issue has been subscribed to 40% so far
SBI Funds Management, India's largest asset management company, will open its Rs 9,813 crore IPO for subscription on Tuesday. The issue will close on July 16
Mumbai: The State Bank of India (SBI) is sitting on a large 13,655 crore payout from the sale of partial stakes in SBI Funds Management starting on Tuesday, and then the National Stock Exchange (NSE) later this year. The bumper proceeds will shore up the bank'
SBI Funds Management will launch its Rs 11,692.91 crore IPO on July 14. Investor enthusiasm is building in the grey market, indicating a premium
SBI Funds Management secured 1,655 crore from investors before its IPO. This pre-IPO share sale occurred ahead of the company's upcoming public offering
Listen to this article in summarized format From ITR filing due dates to right form - know everything about filing your income tax returns for Tax Year 2025-26 or AY 2026-27 (Catch all the Personal Finance News, Breaking News, Budget 2025 Events and Latest New
Listen to this article in summarized format From ITR filing due dates to right form - know everything about filing your income tax returns for Tax Year 2025-26 or AY 2026-27 (Catch all the Personal Finance News, Breaking News, Budget 2025 Events and Latest New
Gold ETF inflows surged to Rs 3,443 crore and silver ETF inflows reached Rs 4,286 crore in June, reversing recent outflows. Investors increased allocations despite negative monthly returns, highlighting continued demand for precious metals as strategic portfol
As SBI Funds Management heads for its Rs 11,693-crore IPO, the rise of digital-first platforms like Zerodha and Groww is reshaping India's mutual fund industry. While digital challengers are winning younger investors, the country's largest AMC believes its sca
The Indian stock market traded in deep green on Friday, with Sensex and Nifty rising more than 1% each as strong earnings by heavyweight TCS, positive global cues and other factors boosted investor sentiment.Sensex jumped nearly 800 points to 77,527 while Nift
The Ayodhya police are said to have recovered cash, jewellery and documents related to the investments from the hideouts linked to the three accused in the Ram temple donation theft case during their two-day custody remand, sources said. Police had taken the t
SBI Funds Management's IPO is priced at a discount to listed asset management companies. Its valuation reflects a lower share of equity-oriented schemes compared to peers
Amid the Ram Mandir donation row, which has led to a major organisational shake-up in the Shri Ram Janmbhoomi Teerth Kshetra, treasurer Govind Dev Giri on Tuesday told The Indian Express that work should have been decentralised and red flags addressed earlier
Speaking in Punjabi, Jasbir shared that the film is being discussed everywhere. He said, "I don't think any of the old films have been discussed so much
Listen to this article in summarized format From ITR filing due dates to right form - know everything about filing your income tax returns for Tax Year 2025-26 or AY 2026-27 (Catch all the Personal Finance News, Breaking News, Budget 2025 Events and Latest New
Signalling deepening discontent within the Shri Ram Janmbhoomi Teerth Kshetra Trust over the alleged embezzlement of donations at the Ram Temple in Ayodhya, its treasurer Swami Govind Dev Giri sought to distance himself from the controversy and called for stri
After getting custody of Avinash Shukla, Ayodhya police will be seeking custody of the other accused arrested in connection with the alleged theft and embezzlement of cash and valuables donated to the Ram Temple from the court. On Sunday, police questioned thr
In Uttar Pradesh, revelations of alleged embezzlement in the Ram Mandir in Ayodhya have once again highlighted the vulnerabilities in the management of temples. It echoes a case of theft from nearly 44 years ago at the Kashi Vishwanath Temple in Varanasi
The Surat district court on Friday granted bail to Vikas Singh Rajput, one of the accused arrested in connection with a Rs 50 lakh heist from a State Bank of India branch in Varachha in April. The crime took place on April 27, when a gang of five-six robbers e
THE SURAT Police have arrested two more persons for their alleged involvement in the armed robbery of Rs 50 lakh from State Bank of India s (SBI) Varachha branch in Surat in April. The arrests were made from an area on the border of Karnataka and Tamil Nadu, p
A Delhi man who lost Rs 80,000 through unauthorised transactions after his SBI debit card got stuck in an ATM had to wait nearly 10 months and approach a consumer forum before the money was...
The Patna NIA court on Tuesday directed the jail authorities in Bihar to hand over the custody of gangster Kundan Kumar alias Kundan Bhagat to Gujarat police for interrogation in connection with the April 26 heist of Rs 50 lakh from a State Bank of India branc