Shares of SBI Funds Management, India’s largest asset management company, made a strong debut on the stock market today. The stock listed at ₹613.30 on the NSE and ₹610 on the BSE, giving investors who bought the IPO a listing gain of up to ₹39.30 per share. The IPO was priced between ₹545 and ₹574 … Read more
The ₹9,813 crore IPO of SBI Funds Management, India’s largest asset management company (AMC), opened for subscription on July 14. Investors can apply for the IPO until July 16. Before the IPO opened, the company raised around ₹1,655 crore from 30 investors through a pre-IPO placement. Because of this, the IPO size was reduced from … Read more
State Bank of India (SBI) has introduced several new AI-powered digital services to make banking easier and faster for its customers. The announcements were made on the bank’s 71st Bank Day as part of a major upgrade to its YONO platform. The latest update adds new customer services, AI-based tools, and several industry-first features for … Read more
Planning for a child’s higher education and marriage is one of the biggest financial responsibilities for parents. To help families prepare for these important goals, SBI Life offers two popular child insurance plans — SBI Life Smart Champ Insurance and SBI Life Smart Scholar. Although both plans aim to secure a child’s future, they work … Read more
There is good news for NRIs and people holding savings in foreign currency. India’s two largest public sector banks, SBI and Bank of Baroda, have increased interest rates on FCNR(B) deposits. With the revised rates, customers can now earn up to 6% interest on select foreign currency deposits. The move comes after recent steps taken … Read more
Having a bank account is now essential for everyday life. Whether you want to receive your salary, get government benefits, or make online payments, a bank account is necessary. To make banking easier, SBI allows customers to open a savings account online from home. The best part is that the SBI Insta Plus Savings Account … Read more
Fixed Deposits (FDs) remain one of the most trusted investment options for Indians looking for safe and stable returns. With interest rates changing based on RBI policy decisions, inflation, and market conditions, many investors closely track FD rates before investing. If you’re planning to open an FD, State Bank of India (SBI) continues to offer … Read more
Customers who use their SBI credit cards to earn reward points on bill payments, insurance premiums, and online shopping may soon get fewer benefits. SBI Card has announced major changes to the reward points program for PhonePe SBI Credit Card PURPLE and SELECT BLACK cardholders. The new rules will come into effect from July 1, … Read more
Millions of State Bank of India (SBI) customers across the country can relax for now. The proposed two-day nationwide strike scheduled for May 25 and 26 has been deferred. SBI has confirmed in an official customer advisory that all branches will continue to function normally and banking services will remain fully operational during this period. … Read more
The All India State Bank of India Staff Federation has announced a two-day nationwide strike at SBI on May 25 and 26 over several employee-related demands. The announcement came after a protest held outside a major SBI administrative office in Kolkata, where more than 100 employees reportedly participated in a dharna organised by the federation. … Read more
State Bank of India (SBI) customers could face major disruptions later this month, as bank branches may remain closed for up to six consecutive days in some regions. The situation is expected due to a mix of weekends, holidays, and a planned employee strike. If this happens, it could become one of the longest branch … Read more