Tag Archives: state bank of india

Between 2010 and 2017, several Indian banks, regardless of ownership (public, private and foreign) helped facilitate transactions reported by the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department for alleged money laundering, terrorism, trafficking drug and financial operations. fraud, the latest leaks suggest. The International Consortium for Investigative Journalism …

National benchmarks witnessed a widespread sell-off in Monday afternoon trading amid weak global signals. The sell-off was triggered after the International Consortium for Investigative Journalism (ICIJ) reported reports of suspicious activity, or top-secret SARs, valued at more than $ 2 trillion globally. These transactions are not absolute proof of fraud …

At home, market participants will observe these global signals, but they are likely to focus primarily on individual stocks. They will also track the RBI Governor’s speech to the Ficci members today at 11 AM. Also, Covid-19 trends and news flow on the India-China front will be closely monitored. In …

The benchmark indices slid into the red zone after giving up their modest opening gains in the volatile session on Friday. The S&P BSE Sensex hovered around 38,760 points after falling around 150 points from the opening highs. The Nifty50 index also dropped the 11,450 mark. Titan, HDFC Bank, Kotak …

Indian markets appear poised for a flat to positive start on Thursday, following modest gains in Asian indices. However, investors can expect some sharp moves later in the day, as the Supreme Court is set to resume the hearing on the loan moratorium. Additionally, media reports indicate that after Silver …

Weak global signals, concerns about India-China tensions and unwanted news on the Covid front dragged Indian equity markets down one percent on Wednesday. The S&P BSE Sensex fell 258 points to 38,110 levels and the Nifty50 index dropped the 11,250 mark. ONGC and Tata Steel (both down 3%) were Sensex’s …

“There have been media reports about the ‘On Tap VRS’ scheme proposed to be introduced by SBI. The reports have been interpreted as a cost-cutting measure and the Bank’s intention to reduce the workforce. The bank has been friendly with employees and is expanding its operations and requires people, which …

New Delhi: The State Bank of India (SBI) said on Monday it plans to hire more than 14,000 people this year. While rejecting media reports about its proposed voluntary retirement plan for more than 30,000 employees as a cost-cutting measure, the bank said it “has been employee-friendly and is expanding …

In an attempt to optimize its costs, the State Bank of India (SBI) has planned a voluntary retirement plan (VRS) under which some 30,190 employees are eligible. The total employee strength of the nation’s largest lender was 249,000 at the end of March 2020, compared with 257,000 a year ago. …

Indian markets fluctuated between small gains and losses on Thursday, as gains in IT and pharmaceutical stocks offset weakness in private banks. The S&P BSE Sensex was trading flat at around 39,100 levels. The index has reached intraday highs and lows of 39,236 and 38,943, respectively. The Nifty50 index hovered …