HSBC and SBI Acquire Stakes in CCIL IFSC HSBC’s Strategic Investment HSBC, a prominent global banking institution, has acquired a 6.125% equity stake in CCIL IFSC Limited for ₹6.125 crore. This strategic investment underscores HSBC’s commitment to expanding its market infrastructure in India, specifically within GIFT City, an emerging international financial services hub. SBI’s Parallel…
SBI Bolsters Presence in GIFT City with Acquisition of Stake in CCIL IFSC SBI’s Strategic Move to Strengthen Its Position in GIFT City The State Bank of India (SBI) has made a significant strategic move by acquiring a stake in the Clearing Corporation of India Limited International Financial Services Centre (CCIL IFSC). This acquisition is…
SBI Raises Short-term Retail Fixed Deposit Rates Amidst Economic Shifts In a recent move amidst economic shifts, the State Bank of India (SBI) has decided to raise the interest rates on short-term retail fixed deposits. This decision comes in response to various economic factors influencing the banking sector. The new rates are expected to affect…
SBI Card Miles Launches Three Travel-Focused Credit Card Variants In a bid to cater to the burgeoning demand for travel-related services and incentives, SBI Card Miles has unveiled three new credit card variants, each tailored to different segments of travelers. These variants aim to enhance the travel experience while offering lucrative rewards and benefits. Let’s…
SBI Launches Digital Enrolment for PMJJBY and PMSBY Schemes: Revolutionizing Financial Inclusion In a significant move towards digital empowerment, the State Bank of India (SBI) has recently introduced a seamless online enrolment process for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) schemes. This initiative aims to simplify…
LIC Overtakes SBI to Become the Most Valuable PSU The landscape of Public Sector Undertakings (PSUs) in India has witnessed a significant shift, with Life Insurance Corporation of India (LIC) surpassing the State Bank of India (SBI) to claim the title of the most valuable PSU. This development has far-reaching implications, especially for aspirants preparing…
ARSRLM Signs MoU with SBI for SHG Banking Services The Arunachal State Rural Livelihoods Mission (ARSRLM) recently inked a significant Memorandum of Understanding (MoU) with the State Bank of India (SBI), paving the way for enhancing banking services to Self-Help Groups (SHGs) in the region. This collaboration marks a crucial step towards bolstering financial inclusion…
SBI Launches Aadhaar-Based Enrolment for Social Security Schemes In a significant development, the State Bank of India (SBI) has recently launched an Aadhaar-based enrolment system for various social security schemes. This move is set to have far-reaching implications, not only for banking aspirants but also for candidates preparing for government exams related to social security,…
SBI to Launch New Current Accounts and Savings Accounts in FY24 to Attract Deposits State Bank of India (SBI) is set to launch new current accounts and savings accounts in the financial year 2023-24 to attract more deposits. This move is aimed at increasing the bank’s market share in the current account and savings account…
