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STATE BANK OF INDIA VRS CLAIM
SBI rejects Rs 9.48 lakh VRS claim after employee dies a month before cut-off date; HC orders payment to family for this reasonThe Telangana High Court recently held that where an State Bank of India (SBI) employees' VRS application had already been accepted then hi...- IPO GMP buzz: Kusumgar leads with 39% GMP; SBI Funds Management, Laser Power also attract strong interestThe IPO market shows strong investor interest with high grey market premiums. Kusumgar IPO leads with a nearly 39% estimated listing gain. ...
- SBI to sell 1.42% stake in SBI Funds in pre-IPO dealState Bank of India is selling a stake in its asset management unit. This pre-IPO placement provides an early valuation benchmark for the c...
- SBI Funds Management sets IPO price band at Rs 545–574 for Rs 11,693 crore public offerThe anchor book will open on Monday, July 13. The IPO will open for subscription on Tuesday, July 14, and close on Thursday, July 16.
- EPFO update: 10 key changes new centralised system brings to EPF, EPS subscribersEPFO has centralized its member database for faster and smoother service delivery. Annual interest for FY 2025-2026 will be credited by Jul...
- SBI’s 15-paise bet: How India's largest bank is turning a tiny cost into mindboggling 382,567% profitSBI and Amundi India Holding are set to earn combined profits of about Rs 11,658 crore from the Rs 11,693 crore IPO of SBI Funds Management...
- State Bank of India draws over $1.5 billion in forex depositsState Bank of India has raised over $1.5 billion from overseas citizens. This program offers attractive returns due to Reserve Bank of Indi...
- ED freezes Rs 440 crore in Trinamool Congress bank accounts under PMLAThe Enforcement Directorate has frozen over Rs 440 crore in Trinamool Congress bank accounts. These funds were allegedly routed through a C...
- Private banks may lead PSU peers in Q1 PAT show amid macro pressuresPrivate banks are expected to show stronger profit growth than public sector banks this quarter. Analysts predict private lenders' profits ...
- FCNR-B flows taper as higher costs trip math for double-digit returnsIndian banks are experiencing a slowdown in special foreign currency deposit collection. Rising overseas borrowing costs are impacting bank...
- Suits & Sayings: Silence PaysET’s roundup of the wackiest whispers in corporate corridors
- India weighs hybrid annuity model for East-West freight corridorThe East-West Dedicated Freight Corridor may use a Hybrid Annuity Model for development. This financing framework was discussed at a confer...
- FSSAI notices to Lotte India, Ferns N Petals, Kubera Foods for misleading claimsFood regulator FSSAI has issued notices to three companies for labelling violations. Lotte India faced action for non-compliant labels and ...
- Bajaj Allianz rejects car insurance claim saying damage didn't match owner's story: Court orders Rs 20 lakh compensation under the policyBajaj Allianz General Insurance rejected a Punjab man's Rs 20 lakh claim after his BMW was totalled in a road accident involving stray catt...
- Is enforcement of banking regulations ownership neutral?Bank of Baroda settled a $600 million dispute with NMC Healthcare administrators, ending a protracted legal battle. This significant payout...
- SBI to recruit 1,500 probationary officers this yearState Bank of India is set to recruit 1,500 probationary officers this year to fuel business expansion, with applications closing on July 8...
- EPFO's New PF Rules Explained: Faster withdrawals, three-day settlement and other key changesEPFO Rule Changes Explained: The Centre has revamped EPF rules, promising faster claim settlements within three days for withdrawals and 20...
- SBI boosts AI-powered banking with new digital journeys for retail, corporate customersThe announcements span SBI's YONO platform, introducing new customer journeys, AI-driven capabilities and industry-first features that simp...
- Ram temple donation row: Ayodhya lawyers boycott accused; demand for CBI probe; SC refuses urgent hearingSeparately, a plea seeking a time-bound investigation by a CBI-led multi-disciplinary team came before the Supreme Court, but the vacation ...
- Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this groundA senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...
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