SBI Card cautions customers against Bitcoin investment

Feb 20 2018 | 53 mins ago

SBI Card cautioned customers of risks associated with bitcoin and other crypto-currencies, but did not ban use of its credit card for such investments.

Rupee pushed to near 3-month low, emerging stocks slide

Feb 20 2018 | 1 hrs ago

The Indian rupee slid to a near three-month low amid growing concerns about an alleged major bank fraud at PNB, whilst emerging stocks fell half a percent.

New banking code issued to further protect digital transactions

Feb 20 2018 | 2 hrs ago

The BCSBI released a new "Code of Bank's Commitment to Customers" to ensure protection of consumers' rights in the dynamic banking environment.

BSE Sensex drops 195 points, Nifty below 10,400

Feb 19 2018

The benchmark BSE Sensex dropped 195 points or 0.57 per cent in afternoon trade due to increased selling in bluechips led by Tata Steel , SBI and Larsen & Toubro.

PNB Fraud: Officials of other banks under scanner

Feb 18 2018

As investigations into the Rs 11,400 cr scam at PNB, officials at overseas branches of other banks, where the fraudulently issued LoUs were encashed, are under scanner.

SBI to issue shares to govt for Rs 8,800 cr capital infusion

Feb 16 2018

State Bank 0f India said it will issue equity shares to government at a price of Rs 300.82 a piece against a capital infusion of over Rs 8,799.99 crore.

Nirav Modi case: SBI discloses $212-mn exposure through PNB

Feb 16 2018

SBI today said it has an exposure of USD 212 mn in respect to LoUs issued by PNB to Nirav Modi, but does not have any direct exposure to the absconding jeweller designer.

State Bank of India launches Global NRI Centre in Kochi

Feb 16 2018

State Bank of India launched a Global NRI centre in the city, to centralise NRI operations spread across various states and branches.

Equity indices surge on global cues; banks, IT stocks gain

Feb 15 2018

Positive global cues, coupled with healthy buying in metals, banking and IT stocks, pushed the key Indian equity indices higher during the mid-afternoon trade session.

BoI joins the under-reporting club:Logs in Rs 2,341 cr loss

Feb 12 2018

Bank of India reported a net loss of Rs 2,341.23 cr in the quarter to December as it had to make up for under-reporting of bad loans worth Rs 14,057 crore.

Indian Markets


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Global Markets


Stocks In News



Promoter Instant Holdings bought over 1% stake, or 28 lk skares, in co for Rs 111 Cr

Shares acquired at average price of Rs 395.95

By Dec 2017, Instant Holdings held 1.80 cr shares, or 7.01% stake, in Co

Mint Reports


Automotive Tyre Mfg Association says shortage of carbon black may shutdown plants

Demand supply gap has gone up to 20% in FY18

Financial Express Reports


Centre urges graphite electrode mfg cos to cut local prices

Also signaled possibility of introduction of an export tax

Graphite electrodes are used to melt scrap to produce new steel

Financial Express Reports


Arm Buys 4.84% More Stake In Ranbaxy Malaysia For 1.66 Mn Ringgit


Acquires 46% stake in PTCL with a total Enterprise Value of Rs 232 Cr

Acquisition indicated to be completed by Q1 FY19

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