SBI tops market, jumps 4%; m-cap grows by Rs 7,996 cr

Analysts do not expect any major price action at SBI counter as the swap ratio was largely neutral Defying the broader market trend, shares of State Bank of India, on Friday, settled with gains of......

Sensex ends 46 points lower amid volatility

Markets ended flat with negative bias, amid weak European cues, after reports suggested that some US Federal Reserve officials are in favour of a rate hike soon while gains in State Bank of India......

RBI slaps Rs 27-cr penalty on 13 banks for FEMA violations

The RBI also looked into the effectiveness of systems and processes for implementation of KYC norms In a major crackdown for FEMA violations and KYC lapses, the RBI has imposed Rs 27-crore (Rs 270......

SBI merger to create banking powerhouse

Employee integration and branch rationalisation are major challenges. IMAGE: SBI headquarters, Mumbai Photograph: Manjulkumar/Wikimedia Commons     In a definitive push for......