State Bank Of India News

SBI stops handling trade with sanctioned Russian entities: Sources

SBI stops handling trade with sanctioned Russian entities: Sources

New Delhi: India’s top lender will not process any transactions involving Russian entities subject to international sanctions imposed on Russia after its invasion of Ukraine, according to a letter seen by Reuters and people familiar with the matter. “No transactions involving entities, banks, ports or vessels appearing” on a U.S.,

RBI imposes ₹1 crore penalty on SBI for non-compliance

RBI imposes ₹1 crore penalty on SBI for non-compliance

The Reserve Bank of India (RBI) on October 18, 2021, imposed a monetary penalty of Rs one crore on State Bank of India (SBI) for non-compliance with certain directions. The violation is related to rules pertaining to frauds classification and reporting by commercial banks and select financial institutions, the RBI

Eight of top-10 companies add ₹81,250.83 crore in m-cap; TCS top gainer

Eight of top-10 companies add ₹81,250.83 crore in m-cap; TCS top gainer

Eight of the top-10 most-valued companies together added ₹81,250.83 crore in market valuation last week, with Tata Consultancy Services emerging as the biggest gainer. Only Reliance Industries Ltd and Infosys took losses in their market capitalisation for the week closed on Friday. Rest eight companies — Tata Consultancy Services, HDFC