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June 16, 2026
Home Posts tagged SBI
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SBI Customers Lose Over ₹6,313 Crore in Digital Frauds as UPI and Internet Banking Scams Surge

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State Bank of India (SBI) customers lost more than ₹6,313 crore in over 30,700 fraud cases between April 2023 and March 2026, according to data obtained through an RTI application. The figures reveal that UPI and internet banking were the most targeted channels, accounting for more than 21,500 fraud incidents, highlighting growing risks in India’s […]Continue Reading
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RBI Boost Lifts Bank Stocks

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Indian banking stocks rose after the Reserve Bank of India introduced a concessional forex swap facility for lenders raising funds through overseas foreign currency borrowings. The measure is part of a broader effort to attract foreign capital and strengthen the economy as it faces inflationary and growth pressures linked to the prolonged Iran conflict. The […]Continue Reading
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State Bank of India Maintains Credit Outlook Despite War Risks, Warns of Demand Pressure

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State Bank of India has reaffirmed its credit growth and net interest margin guidance for the current fiscal year, saying that ongoing geopolitical tensions in the Middle East have not yet disrupted loan demand. However, the bank cautioned that a prolonged conflict could impact economic activity in India, especially if inflation rises above the Reserve […]Continue Reading
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Rupee Under Pressure as Oil Firms Limit Use of FX Credit Line

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India’s state-run oil refiners are making only limited use of a special foreign exchange credit line offered by State Bank of India, reflecting concerns that the rupee may weaken further. The facility, introduced in mid-April, was designed to reduce immediate dollar demand for oil imports. However, refiners fear that a depreciating rupee would increase repayment […]Continue Reading
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SBI, MUFG Forge Strategic Partnership to Finance Global Deals

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Japan’s Mitsubishi UFJ Financial Group (MUFG) and the State Bank of India (SBI) on Wednesday announced a strategic partnership aimed at structuring and financing projects for Indian and global clients, including mergers and acquisitions (M&A) and real estate financing. The collaboration comes after India’s central bank introduced new reforms allowing domestic lenders Continue Reading
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SBI Q3 Profit Beats Estimates on Strong Loan Growth

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India’s largest lender, State Bank of India (SBI), reported a stronger-than-expected rise in third-quarter profit, driven by robust loan expansion and higher non-interest income. The state-backed bank posted a standalone net profit of 210.28 billion rupees for the quarter ended December 31, up from 168.91 billion rupees a year earlier and well above analysts’ estimate […]Continue Reading
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SBI to Raise Up to $1 Billion Via Five-Year Dollar Bonds After India’s Rating Upgrade

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State Bank of India (SBI.NS), the country’s largest lender, is planning to raise funds through dollar-denominated bonds maturing in five years, according to three merchant bankers. The bank is targeting at least $500 million, with the issue size potentially increasing to $1 billion depending on investor demand. The move comes just days after S&P Global […]Continue Reading
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Amazon India Sees Biggest Ever 48 Hours of Shopping With Record 9.5 Crore Customer Visits

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According to Manish Tiwary, Vice President & Country Manager, India Consumer Business, Amazon, the initial 48 hours of the Amazon Great Indian Festival 2023 marked a phenomenal start, boasting the highest number of customer visits, significant Prime membership participation, and an unprecedented surge in transactions and orders. With an overwhelming response from Continue Reading

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