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State Bank of India
slice Adds Former SBI, ICICI Bank Executives To Its Board
slice Small Finance Bank (SFB) has appointed former SBI chief general manager Samir Sawhney as executive director and former ICICI…
SBI Plans $1 Billion Investment to Build Bank-Wide AI Framework, Says CIO Abhay Pandey
When the country’s largest commercial bank commits 1 billion dollars to build a bank-wide AI architecture, enterprise artificial intelligence transitions from pilot projects into core banking infrastructure.
RBI's Malhotra: AI can 'extend the frontier of bankable India'
At FIBAC 2026 the Governor backed alternative-data underwriting — and SBI disclosed it wrote nearly ₹1 lakh crore of MSME loans on AI models in FY26.
SBI's chairman: the bank 'definitely missed the payments bus'
SBI processed over 631 crore UPI transactions in June 2026 — only about 2.3 crore ran through its own apps. YONO Pay is the attempt to close that gap.
SBI appoints LIC CFO Sunil Agrawal, marking rare cross-institutional talent move
State Bank of India has named Sunil Ramgopal Agrawal as CFO effective August 1, drawing him from his role at Life Insurance Corporation of India—a significant shift in how Indian public sector financial institutions source leadership.
SBI pulls $1.5 billion in FCNR deposits after RBI hedge subsidy
A hedging cost subsidy from the RBI let State Bank of India offer up to 7.5% dollar deposit rates backed by 9x leverage, drawing $1.5 billion in global capital.
Reliance's ₹95,754 crore profit signals Indian corporates reaching global scale
RIL's FY26 net profit of $10.1 billion makes it India's most profitable listed company, ahead of SBI and HDFC Bank, marking a shift in how Indian corporations compete globally.
Kotak tops profit-per-branch chart at ₹8.5 Cr, nearly 4x SBI's ₹3.7 Cr
FY26 data shows private banks extracting far more profit per branch than public sector peers, pointing to a widening digital cross-sell gap in Indian banking.
SBI to hire 1,500 branch leaders as physical banking remains core to scale
India's largest bank is doubling down on branch expansion even as fintech automation reshapes the sector, signalling that human advisory still drives deposits and complex lending in tier-2 and tier-3 cities.
SBI Cards tops May acquisition race as Indian credit card issuance hits 120 Cr milestone
The RBI's latest data shows a widening gap: banks are issuing cards 34% faster year-on-year, but spending growth has slowed to just 6.3%, signalling a potential shift in consumer borrowing behaviour.
SBI Chairman challenges 'PSB discount' as valuation gap persists
State Bank of India's Chairman C.S. Setty has publicly contested the persistent market undervaluation of public sector banks, arguing SBI's operational turnaround and subsidiary strength are not reflected in its stock price.
SBI raises ₹60,000 crore in debt to fuel FY27 credit cycle
State Bank of India's central board approved a mega fundraise entirely through bonds, signalling confidence in sustained corporate credit and infrastructure demand ahead.
SBI profit hits ₹80,032 Cr as government dividend jumps 9% to ₹8,813 Cr
State Bank of India's record profitability in FY26 is funnelling nearly ₹8,813 crore in dividends to the government, signalling a decisive turnaround in public sector banking.
Indian banks post ₹4.11 lakh crore profit as credit growth and NPA cleanup drive earnings
Private and public sector banks split record profits almost equally, with SBI, HDFC Bank, and ICICI Bank accounting for over half the sector's profitability.
SBI's FY26 profit milestone signals PSU banking's structural comeback
SBI's earnings now rival HDFC Bank's, driven by completed NPA cleanups and balance-sheet recovery. The milestone resets competitive baselines in Indian banking.
SBI strike averted after union wins on staffing, outsourcing concerns
The All India State Bank of India Staff Federation secured consensus with management in Mumbai on a 16-point charter, highlighting the tension between cost-cutting and branch operations in public sector banking.
SBI Chief sees AI reshaping financial market infrastructure and risk management
C. S. Setty, SBI Chairman, outlined how artificial intelligence can enhance risk detection, operational efficiency, and real-time market surveillance across India's banking system.
SBI's ₹7.5 lakh crore MF arm heads for IPO listing by April 2025
India's largest bank is spinning off its mutual fund business in what could be one of 2025's biggest public offerings, signalling renewed investor appetite for fund management platforms.
SBI reclaims India's #2 bank spot, overtakes ICICI after six years
State Bank of India's market cap has surpassed ICICI Bank for the first time since 2019, signalling a potential shift in India's banking hierarchy as PSU lenders gain traction.
SBI deploys therapy equipment to 200 children with developmental delays in Kolar
SBI's Bengaluru leadership personally distributed critical therapy resources through partner NGOs, underscoring the bank's push toward embedded social impact in rural credit markets.
SBI Card shifts all CPP customers to updated plan variants automatically
The lender has begun migrating existing Credit Card Protection Plan holders to new variants offering enhanced fraud protection and expanded insurance covers, with no action required unless customers opt out.
SBI Internet Banking offline for one hour during planned maintenance on Sept 7
State Bank of India conducted scheduled system upgrades that briefly halted digital services. UPI Lite and ATM operations continued uninterrupted.
SBI Card launches Flipkart co-brand with 7.5% cashback on Myntra, 5% on e-commerce
The August 2025 card targets digital-first shoppers with tiered cashback across e-commerce, food, and travel. Annual fee of ₹500 is waived on spends above ₹3.5 lakh.
SBI raises $1B in dollar bonds at record-tight pricing post sovereign upgrade
State Bank of India scaled its five-year bond issue to $1 billion on the back of India's first sovereign rating upgrade in 18 years, achieving its tightest-ever overseas borrowing terms.
SBI cuts MCLR by 5–15 bps, raises home loans 25 bps, launches ₹4 lakh Agniveer loan
India's largest lender balances priority lending for defence personnel with rate cuts on short-term credit and margin protection through home loan hikes.
PSBs posted ₹44,218 Cr profit in Q1 FY26, but NII flatness flags margin stress
India's 12 public sector banks grew collective profits 11% year-on-year, led by SBI's ₹19,160 Cr haul. Finance Secretary M. Nagaraju flagged liquidity deployment and asset quality as twin priorities in a rare sector review.
₹67,000 crore in unclaimed bank deposits sits idle across Indian lenders
Public sector banks hold 87% of dormant funds, with SBI accounting for ₹19,330 crore. The RBI's UDGAM portal has already attracted 8.59 lakh users searching for their lost wealth.
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