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Several banking and card-related changes will come into effect from February 2026, affecting everyday transactions, credit card benefits and compliance requirements for customers of State Bank of India, ICICI Bank, HDFC Bank and Punjab National Bank, according to ET.Among the key changes, SBI will revise service charges on certain IMPS transactions from February 15, 2026….
The Union Budget 2026–27 will be framed against an increasingly fragile global backdrop marked by geopolitical flux, volatile financial markets and a sharp rally in commodities, but India is expected to retain its macro stability with a calibrated fiscal strategy and sustained public investment, according to a pre-Budget assessment by State Bank of India Research.SBI…
The combined market capitalisation of three of India’s ten most valuable listed companies rose by Rs 75,855.43 crore in the holiday-shortened week, with State Bank of India (SBI) and Infosys leading the gains, even as the broader equity market remained largely flat.During the week, the benchmark indices showed limited movement. The BSE Sensex slipped marginally…
India’s economic expansion in FY26 may exceed current official projections once the government adopts a revised GDP base year, a report by State Bank of India (SBI) has indicated. At present, the National Statistical Office’s (NSO) first advance estimates place real GDP growth at 7.4% for FY26, marking a rise from 6.5% recorded in FY25….
In 2025, rupee fell almost 5% against US dollar, recording its weakest annual performance since 2022. However, 2026 is expected to change that, SBI predicted.Even as dollar weakened and most global currencies gained ground last year, rupee underperformed.According to a recent report by SBI Funds Management, the currency was weighed down by “muted foreign portfolio…
The Viksit Bharat Guarantee for Rozgar and Ajeevika Mission (VB-G RAM G) Act is expected to give a boost to state funds, making them collectively gain almost Rs 17,000 crore. Since its introduction, the Bill has sparked debate, particularly over concerns that the revised funding structure could place a higher financial burden on states.According to…
Seven of India’s top ten companies experienced a combined market capitalization loss of Rs 35,439.36 crore in a holiday-shortened week, despite the broader market index closing higher. SBI, Reliance Industries, and Bajaj Finance saw the steepest declines, while HDFC Bank, Infosys, and Bharti Airtel posted gains. Source link
Mumbai: SBI plans to double its mobile banking customer base to 20 crore over the next two years from 9.4 crore with the launch of Yono 2.0, chairman C S Setty said on Tuesday. To help customers transition to the new digital platform, the bank will expand its in-branch digital support network to 10,000 floor…
MUMBAI: State Bank of India plans to double its mobile banking customer base to 20 crore over the next two years from the current 9.4 crore with the launch of Yono 2.0, chairman C S Setty said on Tuesday. To help customers transition to the new digital platform, the bank will expand its in-branch digital…
After the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points last week, several major banks have moved to pass on the benefit to borrowers. Latest addition to the wave is the State Bank of India (SBI), which announced cuts across its lending rate benchmarks, in a move aimed at easing…
