SBI increased lending rate by 10 bps; effective from June 15

NEW DELHI: The State Bank of India (SBI), the country’s largest lender, has increased its marginal cost of funds-based lending rate (MCLR) by 10 basis points (0.1%) across all tenures, effective from June 15. MCLR signifies the minimum interest rate below which banks cannot lend and reflects trends in their cost of borrowing. ALSO READ: […]

SC denies SBI request, mandates swift electoral bond disclosure

The apex court has mandated the country's largest bank to submit the information by the close of business hours on March 12, Tuesday. The court has warned of contempt proceedings if the order is not adhered to within the specified timeline.

Benefits of internal migration far outweigh its negative impact: SBI

Interstate migration of labour is not a zero sum game, it observes.

India’s per capita income slated to reach ₹15L from ₹2L: SBI

This surge is anticipated to boost the share of the taxable workforce to an impressive 85.3%, a stark rise from the current 22.4%.

ABG Shipyard Case: ED Attaches Properties Worth ₹2700 Cr

A day after the Central Bureau of Investigation (CBI) arrested former ABG Shipyard Limited CMD Rishi Kamlesh Agarwal in a ₹22,842 crore bank fraud case, the Enforcement Directorate (ED) on Thursday attached properties to the tune of ₹2,747.68 crore of the company. The agency said that the attached assets include the shipyards at Surat and […]