Tag: state bank of india
UPI payment failures due to technical issues fall below 1%
Technical payment failures on the United Payments Interface (UPI) platform have become rare, dropping to 0.7% from over 8% in 2016, according to Dilip Asbe,…
FM Nirmala Sitharaman flags mis-selling of insurance, calls for collateral free loans to MSMEs
Mumbai: Finance minister Nirmala Sitharaman on Monday expressed concerns over the mis-selling of products, particularly insurance, stating that it adds to the customers’ borrowing costs….
Eight of top 10 most-valued firms take ₹1.65 lakh cr hit in mcap
Eight of the top-10 most valued firms together lost ₹1,65,180.04 crore from market valuation in a holiday-shortened last week, with HDFC Bank and State Bank…
Shaktikanta Das to stay or leave RBI? His future and your wallets are connected
Uncertainty about the future of India’s central bank governor, whose contract ends in less than a month, is adding another layer of complexity to interest…
Despite revoking GSP status in Trump 1.0, India-US trade surged, Trump 2.0 could continue the trend: SBI
New Delhi: Despite losing Generalized System of Preferences (GSP) status under the Trump administration‘s first term, India’s trade with the United States demonstrated notable resilience…
RBI may defer rate cut call to February as inflation’s still hot
India’s central bank is likely to defer a decision on slashing rates to at least February, economists said, illustrating the risks posed by imported inflation…
Fall in call market volumes makes transmission of repo rate tricky
Mumbai: When it comes to rate transmission, a challenge that the Reserve Bank of India (RBI) is faced with is the visible clout of various…
SBI and India Exim Bank filling trade financing gap in Africa
The State Bank of India and the India Exim Bank are helping businesses in African countries to fill the gap in trade finance, the South…
India extends first-ever rupee-denominated line of credit; Mauritius gets Rs 487 crore
India has extended a new line of credit amounting to Rs 487.60 crore to the government of Mauritius for financing of a water pipeline replacement…
High prices of imported crude, gold, and chemicals contributed to high inflation: SBI report
India’s imported inflation reached a 13-month high in September 2024, growing by 2 per cent, according to a report by the State Bank of India…