The Fact Check Unit of the Press Information Bureau (PIB) has alerted SBI customers regarding a fraudulent message on social media. The scam involves a message purporting to be from SBI, instructing recipients to download an APK file to redeem reward points. This message is not legitimate. SBI never sends links or APK files through…
The combined market valuation of six of the top 10 valued firms jumped ₹1,85,186.51 crore last week, with Life Insurance Corporation of India (LIC) and Infosys emerging as the biggest gainers. Last week, the BSE benchmark climbed 728.07 points or 0.90 per cent. The valuation of LIC surged ₹44,907.49 crore to ₹7,46,602.73 crore. Infosys added…
Mumbai: The government needs to explore options such as tax benefits to encourage individuals to keep more money in bank deposits, said Ashwini Kumar Tewari, managing director of State Bank of India, adding to the chorus on India’s worst deposit crunch in two decades. “We have to think through various things, what are the options….
Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 percent increase. Meanwhile, over the…
