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State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. [ 11 ]
The Monetary Policy Committee is entrusted with the task of fixing the benchmark policy rate (repo rate) required to maintain inflation within the specified target level. As per the provisions of the RBI Act, three of the six Members of the Monetary Policy Committee will be from the RBI and the other three Members will be appointed by the ...
2024 Abujhmarh clash: More than 36 Maoists are killed in an operation carried out by District Reserve Guards and Special Task Force in the Abujhmarh forest area in Chhattisgarh. [170] 2024 Haryana Legislative Assembly election: The BJP retains control of the state Legislative Assembly for a record third term, winning 48 of 90 seats. [171] [172]
Finance Minister Nirmala Sitharaman presented the Union Budget in the Lok Sabha on 1 February 2024 following the necessary approval from the President of India. During this presentation, the Finance Minister highlighted the crucial aspects of the document and justified the underlying thought process behind the proposed initiatives.
India's total foreign exchange (forex) reserves stand at around US$704.89 billion on 27 September 2024, with the foreign currency assets (FCA) component at around US$616 billion, gold reserves at around US$65.7 billion, special drawing rights (SDRs) with the International Monetary Fund (IMF) of around US$18.547 billion and around US$4.3 billion ...
SBI Capital Markets (SBICAPS) is a wholly owned investment banking subsidiary of State Bank of India (SBI). [3] Headquartered in Mumbai, SBICAPS has 6 regional offices across India (Ahmedabad, Chennai, Hyderabad, Kolkata, New Delhi and Bengaluru) and the United Arab Emirates (Abu Dhabi), and 2 subsidiaries - SBICAP Securities Limited and SBICAP Trustee Company Limited.
The then General Secretary of the association Mr. E.A. George Moses, founded the State Bank of India Officers Association Educational Trust in the year 1978 and established educational institutions for the benefit of the officers' children and later for serving the society. This service is given irrespective of caste, creed or colour.
SLR rate = (liquid assets / (demand + time liabilities)) × 100% This percentage is fixed by the Reserve Bank of India. The maximum limit for the SLR was 40% in India. [4] Following the amendment of the Banking regulation Act (1949) in January 2017, the floor rate of 20.75% for SLR was removed. From April 11, 2020, rate of SLR is 18.00%.