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SBI Buys Nearly 40% of Reliance’s $1.35 Billion Debt Sale

By Uniquetimesorg September 30, 2026 0

State Bank of India, India’s largest lender, led demand for Reliance Industries’ ₹130 billion ($1.35 billion) 10-year bond sale completed on Wednesday, according to sources familiar with the transaction. SBI is estimated to have purchased nearly ₹50 billion of the bonds, accounting for about 40% of the offering. The bonds received AAA ratings from Crisil […]Continue Reading

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SBI Customers Lose Over ₹6,313 Crore in Digital Frauds as UPI and Internet Banking Scams Surge

By Uniquetimesorg June 13, 2026 0

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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State Bank of India Maintains Credit Outlook Despite War Risks, Warns of Demand Pressure

By Uniquetimesorg May 9, 2026 0

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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SBI Defers Bond Issuance Amid High Yields, Plans to Reassess in Next Fiscal Year

By Uniquetimesorg March 17, 2025 0

State Bank of India (SBI), the country’s largest lender by assets, has decided to shelve its plan to raise up to ₹150 billion through bond sales this fiscal year, sources familiar with the matter said. The bank had intended to tap the market before March but has held back due to persistently high bond yields, […]Continue Reading

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India, Oman adopt vision document to expand bilateral cooperation

By uniquetimes December 16, 2023 0

In a significant development in the economic collaboration between India and Oman, the announcement of the third tranche of the Oman-India Joint Investment Fund has marked a notable milestone in their trade and capital cooperation. Foreign Secretary Vinay Kwatra, during a special briefing at the Ministry of External Affairs, emphasized the significance of this achievement, Continue Reading

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Ola Electric Transitions to Public Limited Company in Anticipation of IPO

By uniquetimes November 20, 2023 0

Ola Electric, the electric vehicle manufacturing division of Ola, has undergone a transition from a private company to a publicly listed entity as part of its preparations for an upcoming initial public offering (IPO). The company, established in 2017, has also modified its name to Ola Electric Mobility Limited, as indicated in regulatory filings. With […]Continue Reading

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SBI Reintroduces Amrit Kalash Fixed Deposit Scheme With Up To 7.6% Interest

By uniquetimes April 18, 2023 0

The State Bank of India has extended its Amrit Kalash fixed deposit scheme, which will now be valid until June 30. This scheme offers a 7.1% interest rate to the general public and a 7.6% interest rate to senior citizens for a tenor of 400 days. Previously, the scheme was only valid from February 15 […]Continue Reading