Seven Companies Lose Over Rs 1 Lakh Crore in Market Cap Last Week

Seven Companies Lose Over Rs 1 Lakh Crore in Market Cap Last Week

The combined market capitalisation of seven out of the top 10 companies declined by Rs 1,22,107 crore over the past week, with Tata Consultancy Services (TCS) and Reliance Industries Ltd (RIL) leading the losses. Between October 7 and 11, Tata Group’s TCS saw its market cap drop by Rs 35,638 crore, settling at Rs 15,01,723 […]

As SEBI Clears IPO Application of NSDL, both IDBI Bank, SBI Gear Up To Sell Stakes

As SEBI Clears IPO Application of NSDL, both IDBI Bank, SBI Gear Up To Sell Stakes

The Securities and Exchange Board of India (SEBI) has given its nod for the initial public offering (IPO) of the National Securities Depository Ltd (NSDL), India’s largest depository. This approval marks a significant milestone for the country’s financial market infrastructure. SEBI issued an observation on September 30, indicating a green light for the IPO. In […]

Electoral Bonds: Furnish unique numbers, SC tells SBI while hearing EC plea

Electoral Bonds: Furnish unique numbers, SC tells SBI while hearing EC plea

The highest judicial authority today issued a stern rebuke to the State Bank of India (SBI) concerning its handling of information regarding electoral bonds, a program enabling discreet donations to political parties by individuals and entities. Following the court’s previous decision to nullify the electoral bonds scheme, SBI was instructed to divulge comprehensive data regarding […]

Delhi court orders probe into Rs.800 Crore bank scam, involving PSBs

Delhi court orders probe into Rs.800 Crore bank scam, involving PSBs

A new bank scam has come into light before a Delhi court which on Tuesday ordered a court-monitored investigation. The scam involving among other public sector banks, the State Bank of India, runs into Rs 800 crore, allegedly involving an infrastructure company director. The FIR in this regard was registered by the Delhi Police’s Economic […]

Festive Season: Fixed Deposit rates hiked by banks

Festive Season: Fixed Deposit rates hiked by banks

As festive season is approaching, all Indian banks from State Bank of India to Kotak Mahindra Bank, have raised their fixed deposit rates by 15 to 50 basis points. Bulk deposit rates have been increased by 25-50 basis points for a period of one year and more than one year deposit rates have gone up […]

SBI Probationary Officers Exam 2017 Main Results Declared

The State Bank of India (SBI) has declared the SBI probationary officers (PO) mains examination result for the test conducted on 4th June, 2017. The SBI PO result 2017 results are available at the online portal of SBI at sbi.co.in and the candidates can check them providing their name, roll number and date of birth […]