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IBPS, SBI, RRBs: Major changes in bank recruitment; FinMin standardises result declaration process NEW DELHI: The Finance Ministry has unveiled a series of reforms aimed at streamlining recruitment examinations and result declarations for public sector banks, including the State Bank of India (SBI), Nationalised Banks (NBs) and Regional Rural Banks (RRBs). The move seeks to…
MUMBAI: State Bank of India is preparing to hire nearly 1,000 specialists in wealth management as customers show a growing preference for investment products over plain savings. The recruitment, announced through an advertisement for Specialist Cadre Officers, covers relationship managers and customer relationship executives, across major commercial centres such as Mumbai, Bengaluru, Chennai and Delhi….
NEW DELHI: Banking regulator RBI and the country’s largest PSU bank SBI Monday told Supreme Court it was not possible to give personal hearings to account holders before declaring an account fraud in view of the massive number of banking frauds.The country witnessed 60,000 cases of bank fraud in the last two financial years involving…
The Reserve Bank of India (RBI) slashed the repo rate by a quarter point to 5.25% on Friday, at a time when the economy is growing strongly and inflation remains exceptionally low. SBI, in its latest report hailed the decision hailed as “exceptional” and said that the central bank had played its role in ensuring…
India’s three largest lenders — State Bank of India, HDFC Bank and ICICI Bank — will continue to be treated as domestic systemically important banks (D-SIBs), the Reserve Bank said on Tuesday, underscoring their critical role in the financial system and the need for stronger capital cushions. The designation requires the lenders to maintain higher…
State Bank of India (ANI image) NEW DELHI: State Bank of India (SBI) is on track for one of its strongest years in recent history, with shares rising nearly 25% so far in 2025. The growth has helped the country’s largest lender outpace all major private-sector peers in the Nifty, signalling a decisive shift in…
Implementation of the new labour codes is expected to deliver a Rs 75,000-crore consumption boost and raise the share of the formal workforce by at least 15 per cent, according to a research note by economists at SBI on Tuesday.The four codes, enforced from November 21, will also expand social security coverage to up to…
MUMBAI: SBI chairman C S Setty has called for a ‘national financial grid’ that connects credit bureaus, registries, eKYC facilities, UPI and the account-aggregator system, arguing that such an integrated backbone is essential to support India’s next phase of financial growth.Setty said India’s credit-to-GDP ratio, which stands at about 55%, could rise to 64% by…
India’s economy is likely to have expanded by around 7.5 per cent in the second quarter of FY26, supported by stronger investment activity, improving rural demand and the effects of GST rationalisation, according to a research report by the State Bank of India (SBI). As per news agency ANI, the report said growth continues to…
State Bank of India, the country’s largest lender, said it aims to complete the modernization of its core banking infrastructure within two years. Speaking at the Singapore FinTech Festival 2025, Ashwini Kumar Tewari, managing director (corporate banking & subsidiaries), said the bank is transforming its legacy systems through what he called a “four-axis strategy” of…
