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Economy and Finance

No ID, no form required to exchange Rs 2000 denomination notes up to Rs 20,000: SBI

OpIndia Staff - 21 May, 2023

SBI will allow customers to exchange Rs 2000 notes up to Rs 20000 without any form or requisition slip.

News Reports

‘Do not anticipate any difficulties for Adani Group to service its debt, they have a history of timely payment’: SBI Chairman says group’s exposure...

OpIndia Staff - 3 February, 2023

The SBI chairman Dinesh Khara said he doesn't envisage any challenge from Adani Group in meeting its debt obligations.

News Reports

NSE places Adani firms under Additional Surveillance Mechanism framework: Here is what it means

Shraddha Pandey - 3 February, 2023

Adani Group stocks were put under Additional Surveillance Measures (ASM) to curb short selling and stock volatility.

News Reports

State Bank of India records highest-ever quarterly profit as net-profit surges 74% in Q2

OpIndia Staff - 9 November, 2022

SBI's provisions fell 25% year on year to Rs 2,011 crore in Q2FY23, owing to improved asset quality, with the net non-performing asset (NPA) ratio falling to less than 1%.

Fact-Check

Congress supporters confuse loan underwriting with write off and waive off, wrongly accuses SBI of waiving loan to Adani group

OpIndia Staff - 8 April, 2022

SBI has approved a Rs.12,770 crore loan to Adani group, Congress supporters accused the bank of waiving off the loan

News Reports

CBI books shipbuilding company ABG Shipyard and its directors in Rs 22,842 crore bank fraud case

OpIndia Staff - 12 February, 2022

CBI books ABG Shipyard and its directors in bank fraud case, company owes Rs 22,842 crore to a consortium of 28 banks

News Reports

Raj Kundra’s alleged porn company’s net profit target was over Rs 30 crores for 2023-24, SBI account in Kanpur with crores of rupees seized

OpIndia Staff - 27 July, 2021

“He is not cooperating in the ongoing probe. We have found many documents regarding financial transactions and digital files," said a Crime Branch official.

News Reports

Enforcement Directorate hands over shares worth ₹792 cr to SBI-led-consortium from assets of Vijay Mallya, Nirav Modi, and Mehul Choksi

OpIndia Staff - 16 July, 2021

The ED had confiscated the assets of the fugitives Vijay Mallya, Nirav Modi and Mehul Choksi under the stringent Prevention of Money Laundering Act (PMLA).

News Reports

Govt grants approval to NGOs to open SBI account for receiving foreign contributions, to get letter of commitment from donor about purpose of donation

OpIndia Staff - 5 June, 2021

The Union government emphasised that the time period for verification and application for bank accounts must be cleared within 1 week from the date of removal of all objections (if any)

News Reports

Frustrated at not getting a bank job, teenager sets up his own fake SBI branch in Tamil Nadu, three arrested

OpIndia Staff - 12 July, 2020

The Panruti Police in Cuddalore district of Tamil Nadu have arrested three persons, including the son of former bank employees, for cheating customers by running a fake branch of the State Bank of India in the locality.

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