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MYSTERIOUS: State bank of india | Mind Blowing Facts

Will RBI’s CRR hike to 99% hit HDFC, SBI and other bank stocks? Here’s what Jefferies says

The RBI has raised the minimum daily CRR maintenance requirement to 99% from 90% from October 16 to curb banking system liquidity. Jefferies expects a limited impact on banks’ net interest margins, estimating a potential 1-2 basis point increase in funding costs. It prefers banks over NBFCs in a rising-rate…

The Economic Times · 14m ago

Deposit rate hikes unlikely for 3 months; RBI action to help NIMs: SBI chairman C S Setty

State Bank of India Chairman C S Setty stated there will be no deposit rate hikes for the next three months. He cited sufficient liquidity in the system as a key reason for this prediction. Setty mentioned that credit growth is expected to sustain at 14 to 15 percent over…

The Economic Times · Oct 8

Highest senior citizen FD interest rates after RBI repo rate hike: Public vs private vs small finance bank rates of 3 and 5-year fixed deposits

The Reserve Bank of India raised the repo rate to 5.50% in its recent Monetary Policy Committee meeting. Subsequently, banks are likely to adjust their fixed deposit interest rates for both new and existing customers. P

The Economic Times · Oct 7

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SBI FD calculator: What Rs 1 lakh investment in fixed deposit can give you in 1, 3, 5 and 10 years?

SBI FD interest rate: Investors frequently look to calculate the maturity amounts for their fixed deposit investments with the State Bank of India. Factors such as tenure and current interest rates play significant roles in these calculations.

The Economic Times · Oct 5

FD rates up to 8.50% for senior citizens on 5-year deposits; Check the list of banks

FD interest rate for senior citizents: Senior citizens can take advantage of attractive fixed deposit interest rates from various banking institutions. For instance, Suryoday Small Finance Bank shines by offering an impressive 8.50% on five-year fixed deposits, while DCB Bank provides a commendable 8%.

The Economic Times · Oct 3

Are banks open tomorrow on October 2 for Gandhi Jayanti? Check government, private bank holiday status

Banks will be closed across India on October 2, 2026, as branches observe Gandhi Jayanti, including SBI and banks in the public, private, foreign and cooperative sectors. While customers will not have access to in-person branch services on the national holiday, digital facilities such as UPI, NEFT, RTGS, mobile and…

The Economic Times · Oct 1

Saturday bank holiday: Has government declared all Saturdays as holidays for SBI and other public sector banks? PIB says this

A fraudulent gazette notification has been making the rounds, erroneously stating that every Saturday has been declared a public holiday for public sector banks. The Press Information Bureau has clarified that these claims are baseless and not sanctioned by the Ministry of Finance. According to the Reserve Bank of India,…

The Economic Times · Oct 1

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JPC on FCRA Amendment bill to hold second meeting tomorrow

The Joint Parliamentary Committee is preparing for its second meeting to discuss the Foreign Contribution (Regulation) Amendment Bill, 2026. Members will receive briefings from officials of the Ministries of Home Affairs and Law and Justice. Stakeholders, including the State Bank of India Chairman, will also share their views during the…

The Economic Times · Sep 28

Are all banks open on Sunday, September 27, 2026? Check status ahead of three-day bank strike

Customers can visit public sector banks and Regional Rural Banks on September 27, as they will remain operational ahead of the impending strike from September 28 to 30. The State Bank of India has confirmed that their branches will be accessible this Sunday. It's recommended that customers rely on digital…

The Economic Times · Sep 25

SBI ATM charges to be waived during proposed bank strike of September 28-30: What customers need to know

As the nation prepares for a bank strike from September 28 to September 30, 2026, the State Bank of India has decided to eliminate ATM charges for transactions during this time. Although branches will continue to operate, customers should prioritize completing necessary transactions beforehand and consider using digital banking options.

The Economic Times · Sep 25

Are banks working on Sunday, September 27, 2026? Confusion prevails as banks and unions differ on working day status

The State Bank of India has announced that all its branches will be open on Sunday, September 27, 2026. Despite this, the All India Bank Officers’ Association has recommended that its members not show up for work that day. Meanwhile, the United Forum of Bank Unions is deliberating its response.

The Economic Times · Sep 24

PSUs in NSE IPO: How much did SBI, other government entities make in India’s second largest offer?

Ten public sector entities, led by SBI and New India Assurance, unlocked a combined profit of nearly Rs 12,802 crore through the Rs 22,562 crore NSE IPO offer for sale. Listed at Rs 1,800, NSE became India's ninth-largest listed firm with a Rs 4.63 lakh crore valuation.

The Economic Times · Sep 24

FD-backed SBI credit card: Advantage SBI Card launched; who can benefit from it?

SBI Card has introduced the Advantage SBI Card through the SBI YONO app, making it simpler than ever for customers to apply. This innovative offering features four variants of secured credit cards linked to fixed deposits. With a fully paperless application process, it's designed to enhance accessibility, particularly for those…

The Economic Times · Sep 24

Sunrise Sectors: SBI chief Setty sees next wave of global investment taking shape

State Bank of India Chairman Challa Sreenivasulu Setty emphasized the role of banking institutions in supporting sunrise sectors. He identified key areas such as renewables, semiconductors, and green hydrogen as pivotal for future investments. Setty highlighted the necessity for financial institutions to evolve alongside these capital-intensive markets. The conclave aims…

The Economic Times · Sep 23

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The Economic Times · Sep 21

Bank strike from September 28 to 30: Will banks be closed for five days? SBI, Union Bank of India advise customers to complete transactions in advance

A major disruption in banking services is anticipated as the United Forum of Bank Unions has announced a three-day strike at the end of September 2026. This action will halt operations in bank branches, resulting in an extended closure from September 26 to 30.

The Economic Times · Sep 18

Maldives repays USD 150 million loan to India

The Maldives has repaid a USD 150 million loan to India by settling the final tranche this week. The State Bank of India had subscribed to these treasury bills in 2019, which were extended six times. India bore the interest payments on the USD 150 million treasury bills over the…

The Economic Times · Sep 18

Cash-flow-based lending to become important for new-age sectors: SBI MD

As new industries emerge, cash-flow-based lending is poised to play a pivotal role in their growth. With traditional collateral often absent, banks such as the State Bank of India are actively researching this funding model. To extend financing effectively, a deep comprehension of technology and anticipated revenue is crucial, as…

The Economic Times · Sep 15

NSE IPO jackpot: 10 PSUs could pocket Rs 12,802 crore from stake sale

NSE’s IPO could deliver a massive windfall to 10 public-sector shareholders, which together could make a profit of around Rs 12,802 crore by selling their shares at the upper price band of Rs 1,785. State Bank of India stands to gain the most, with a potential profit of nearly Rs…

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The Economic Times · Sep 11

SBI developing solution to use UPI data for checking creditworthiness of small biz

State Bank of India is developing a UPI data solution for small businesses. This initiative aims to assess creditworthiness without requiring GST registration for these entities. The bank expects to provide digital loans within a single day for eligible borrowers. This new approach will help bring more businesses into the…

The Economic Times · Sep 11

Bank union strike today: Are banks open or closed today on September 11, 2026? Check details

Customers should brace for significant disruptions in bank services on September 11, 2026, as the UFBU calls for a nationwide strike. This strike will extend into the weekend, limiting service availability. Unions are pressing for critical reforms including a five-day work week and a thorough review of the PLI scheme.

The Economic Times · Sep 10

SBI chief Setty says $127 billion FCNR inflow won’t trigger lending surge

State Bank of India Chairman CS Setty addressed concerns regarding foreign currency deposit inflows. He stated these funds will be absorbed gradually over the coming months. The central bank's swap facility attracted significant foreign capital inflows. Commercial banks received substantial FCNR(B) deposits, exceeding market expectations. Setty also highlighted structural shifts…

The Economic Times · Sep 10

SBI-led group of lenders to provide $3.5 billion debt to Vodafone Idea

Lenders led by State Bank of India will provide Vodafone Idea $3.5 billion debt financing. This funding aims to help the mobile operator rebuild its business and improve its network. Conditions include Kumar Mangalam Birla remaining chairman for the loan's tenure. Indian authorities previously provided a lifeline by capping past…

The Economic Times · Sep 10

Bank union strike tomorrow: Are banks open or closed on September 11, 2026? Check details

Bank customers face potential disruptions on September 11, 2026, due to a nationwide strike. United Forum of Bank Unions has called for this action, impacting branch operations. Banks advise customers to use digital channels and ATMs for essential transactions. Essential services will run, but branch work may be affected by…

The Economic Times · Sep 10

Will State Bank of India’s branches be closed on September 11 bank strike day? Here’s what SBI says

Bank strike September 11, 2026: Bank unions have announced multiple strike dates starting September 11, 2026. State Bank of India advises customers to complete transactions before the strike. Digital banking channels and ATMs are recommended for routine transactions. The strikes are part of demands for banking sector reforms and a…

The Economic Times · Sep 9

Global Fintech Fest 2026: DFS Secretary Sanjay Lohiya unveils UPI credit for KCC, MUDRA borrowers

DFS Secretary Sanjay Lohiya at Global Fintech Fest 2026 unveiled a facility allowing eligible Kisan Credit Card and PM MUDRA Yojana borrowers to use sanctioned credit limits for merchant payments through UPI. The move could widen digital access to formal credit for farmers and small businesses, with more banks expected…

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