State Bank of India News
According to media reports, charges will apply, though, for amounts over Rs 25,000: Rs 2 + GST for transactions over Rs 25,000 and up to Rs 1 lakh, Rs 6 + GST for amounts over Rs 1 lakh and up to Rs 2 lakh, and Rs 10 + GST for transfers over Rs 2 lakh and up to Rs 5 lakh.
The State Bank of India (SBI) was the main driver of the impressive performance, accounting for nearly 43 per cent of the total earnings.
On 22 July 2025 between 00:15 AM and 01:00 AM (IST), SBI UPI service will remain unavailable. However, customers can use UPI Lite Services digital payments during the maintenance window, said the bank.
QIPs are a way for listed companies to raise capital without having to submit legal paperwork to market regulators.
Earlier in May this year, SBI’s board gave the go-ahead for raising equity capital of up to Rs 25,000 crore during FY26. The capital will be raised in one or more tranches via Qualified Institutional Placement (QIP), Follow-On Public Offer (FPO), or other permissible methods.
SBI has slashed interest rates for select tenors on fixed deposits below Rs 3 crore effective from 15 July 2025. Here's the full SBI FD interest rate chart.
Reliance Communications said in an exchange filing that this disclosure is being made pursuant to the rules of the Securities and Exchange Board of India (SEBI).
In the Pradhan Mantri Jan-Dhan Yojana (PMJDY), the SBI has opened 15 crore accounts, has enrolled 14.6 crore people under the Pradhan Mantri Suraksha Bima Yojana (PMSBY), 6.7 crore under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and 1.73 crore in Atal Pension Yojana (APY).
SBI has reduced EBLR and RRLR by 50 basis points, the Marginal Cost of Funds Based Lending Rate (MCLR) though remains unchanged.
SBI has slashed interest rates on fixed deposits below Rs 3 crore and interest rates on Savings account effective from 15 June 2025.
Senior Citizens and Super Senior Citizens are eligible for their additional benefits in rate of interest under SBI Amrit Vrishti 444 days Scheme.
While issuing high value cheques, State Bank of India customers must keep the following key things in mind to avoid cheque failures.
SBI reported 17.89 percent increase in operating profit last fiscal (FY25) that crossed Rs 1.10 lakh crore, while operating profit for Q4 grew by 8.83 per cent (year-on-year) to Rs 31,286 crore.
Profit after tax (PAT) grew to Rs 20,698 crore in Q4, from Rs 16,891 crore in the previous quarter (Q3).
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SBI 444-Day Tenor Amrit Vrishti FD Scheme is available from 15 April 2025, though customers will reap lower interest rates vis-a-vis what was offered in 2024.
In a filing submitted on April 24, 2025, SBI informed the stock exchanges about its upcoming board meeting.
State Bank of India allows a host of services over online mode in order to give ease of business to its customers.
India's largest public sector lender State Bank of India has reintroduced the Amrit Vrishti FD Scheme from 15 April 2025, but lowered the interest rates that the bank had first offered in 2024.
State Bank of India has cut its External Benchmark Based Lending Rate (EBLR) by 25 basis points from 8.65 percent to 8.90 effective from 15 April 2025.
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