The State Bank of India’s (SBI) Unified Payments Interface (UPI) services have been affected by technical issues for the second time in the last 10 days. On October 7, the UPI system was briefly impacted, resulting in a spike in complaints from users. According to DownDetector, a website that tracks outages, over 1,200 users reported issues between 5:30 pm and 7:00 pm, with 51% of them experiencing trouble with fund transfers. It is unclear whether all of these transfers were attempted via UPI.

SBI acknowledged the issue on social media platform X, stating that they were experiencing “intermittent technical issues” with their UPI services, which may cause temporary declines in service for some customers. The bank assured users that the issue would be resolved by 7:00 pm on Tuesday. In the meantime, SBI suggested that customers use UPI Lite services for uninterrupted transactions. The bank apologized for the inconvenience caused to its customers.

This is the second time in a short span that SBI’s UPI services have been affected by technical issues, raising concerns about the reliability of the system. The outage may have caused difficulties for customers who rely on UPI for their daily transactions. SBI’s UPI services are widely used, and any disruption can have a significant impact on users.

The bank’s prompt response to the issue and suggestion to use UPI Lite services are positive steps towards mitigating the problem. However, the frequency of technical issues with SBI’s UPI services is a cause for concern, and the bank needs to take steps to ensure the stability and reliability of its systems. The incident highlights the importance of having a robust and reliable payment infrastructure, especially in a country like India, where digital payments are becoming increasingly popular.

In conclusion, the technical issues affecting SBI’s UPI services are a cause for concern, and the bank needs to take steps to address the problem and prevent such outages in the future. The bank’s response to the issue and suggestion to use alternative services are positive steps, but more needs to be done to ensure the reliability and stability of its systems.

KB Securities and UAMCO have formed a consortium with SBI Investment Korea to acquire PicosTech, a South Korean semiconductor manufacturer, for 40 billion won (approximately $30 million USD). This move is seen as a strategic investment in the semiconductor industry, which has been experiencing significant growth in recent years.

PicosTech is a leading manufacturer of semiconductor packaging and testing services, providing solutions for a wide range of applications, including 5G, artificial intelligence, and the Internet of Things (IoT). The company has established itself as a key player in the industry, with a strong portfolio of patents and a skilled workforce.

The consortium, led by KB Securities and UAMCO, will acquire a majority stake in PicosTech, with SBI Investment Korea also participating as an investor. The acquisition is expected to be completed in the coming months, subject to regulatory approvals.

The investment in PicosTech is seen as a strategic move by the consortium to expand its presence in the semiconductor industry. The company’s expertise in semiconductor packaging and testing services is expected to complement the consortium’s existing portfolio of investments, which includes companies involved in semiconductor manufacturing and related fields.

The acquisition of PicosTech is also expected to provide the consortium with access to new technologies and markets, as well as opportunities for collaboration and synergies with other companies in the industry. The investment is seen as a positive development for the South Korean semiconductor industry, which has been experiencing significant growth in recent years, driven by increasing demand for advanced semiconductors.

The 40 billion won investment in PicosTech is a significant transaction in the South Korean semiconductor industry, and demonstrates the confidence of investors in the sector’s growth prospects. The acquisition is expected to have a positive impact on PicosTech’s business, enabling the company to expand its operations and invest in new technologies and research and development.

Overall, the formation of the consortium and the acquisition of PicosTech is a significant development in the South Korean semiconductor industry, and demonstrates the growing interest of investors in the sector. The investment is expected to have a positive impact on the industry, and is seen as a strategic move by the consortium to expand its presence in the market.

The State Bank of India (SBI) is planning to purchase 200 two-bedroom-hall-kitchen (2BHK) apartments in a bulk deal for its staff in Mumbai. The deal is worth ₹294 crore, with each apartment costing approximately ₹1.47 crore. This move is part of the bank’s efforts to provide housing to its employees in the city.

The apartments are located in the western suburbs of Mumbai, specifically in the areas of Andheri, Borivali, and Kandivali. The bank has identified these locations as they are close to its branches and offices, making it convenient for employees to commute. The apartments are being purchased from a private developer, who has already completed the construction of the buildings.

This bulk purchase is a strategic move by SBI to address the housing needs of its employees in Mumbai. The city is known for its high real estate prices, making it challenging for individuals to afford homes. By purchasing apartments in bulk, the bank can provide its employees with affordable housing options, which will help to improve their overall quality of life.

The purchase is also expected to have a positive impact on the Mumbai real estate market. The bulk deal is likely to boost the morale of developers and investors, who have been facing a slowdown in the market due to various factors, including the COVID-19 pandemic. The deal may also lead to an increase in demand for apartments in the western suburbs, which could result in higher property prices in the region.

SBI’s decision to purchase apartments in bulk is not a new concept. The bank has been following this strategy for several years, as it helps to reduce costs and provide affordable housing to its employees. In the past, the bank has purchased apartments in other cities, including Delhi, Bengaluru, and Chennai.

The apartments being purchased by SBI are spacious, with each unit covering an area of approximately 900 square feet. The buildings have modern amenities, including lifts, parking, and security services. The bank has also ensured that the apartments are conveniently located, with easy access to public transport, schools, and hospitals.

Overall, SBI’s plan to purchase 200 apartments in Mumbai is a significant move that will benefit both its employees and the real estate market. The deal is expected to be completed soon, and the bank will then allocate the apartments to its eligible employees. This initiative is part of the bank’s efforts to improve the living standards of its staff and provide them with a better work-life balance.

The State Bank of India (SBI) recently led a cleanliness campaign at the Kannagi Government Girls Higher Secondary School in Villianur. The initiative was part of the “Swachh Utsav – Swachhata Hi Seva 2025” campaign, which was directed by the Department of Financial Services, Ministry of Finance. The campaign aimed to promote cleanliness and hygiene in the school premises.

Volunteers from the SBI’s Villianur branch participated in the cleanliness drive, which was a fortnight-long event. The campaign concluded on Gandhi Jayanti, a significant day in India that commemorates the birthday of Mahatma Gandhi. The event was attended by several dignitaries, including M. Natarajan, Regional Manager of SBI Regional Business Office in Puducherry, and Rajadurai Venkatesan, Branch Manager of SBI Villianur.

The cleanliness drive was a collaborative effort between the SBI and the school authorities. The participants worked together to spruce up the school premises, making it a cleaner and more hygienic place for the students. The campaign was also an opportunity to promote the importance of cleanliness and hygiene among the students and the community.

The “Swachh Utsav – Swachhata Hi Seva 2025” campaign is a part of the larger Swachh Bharat Abhiyan initiative, which was launched by the Government of India in 2014. The campaign aims to promote cleanliness, hygiene, and sanitation across the country, and to make India a cleaner and healthier place.

The SBI’s initiative to lead a cleanliness campaign at the Kannagi Government Girls Higher Secondary School is a positive step towards promoting cleanliness and hygiene in the community. The campaign not only helped to improve the school premises but also raised awareness about the importance of cleanliness and hygiene among the students and the community. The event was a success, and it is hoped that it will inspire others to take up similar initiatives in the future.

As part of the ‘Haryana Shehar Swachhata Abhiyan’, a cleanliness initiative in Haryana, the State Bank of India (SBI) has made a significant contribution to improve sanitation in the twin cities of Yamunanagar and Jagadhri. The bank donated dustbins worth over Rs 2 lakh to the Municipal Corporation, Yamunanagar-Jagadhri (MCYJ). This donation is part of SBI’s corporate social responsibility (CSR) initiative to promote cleanliness and hygiene in the region.

The donation was handed over by Neeraj Bharti, General Manager of SBI’s Head Office in Chandigarh, to Municipal Commissioner Mahabir Parsad. Bharti emphasized the importance of proper waste disposal and encouraged residents to use the dustbins instead of throwing garbage in the open. The Municipal Commissioner expressed his gratitude to SBI officials for their generous gesture and urged other social organizations to follow suit.

The Municipal Corporation has installed dustbins in various public places, including markets and roadsides, to separate dry and wet waste. The new dustbins donated by SBI will be installed in the remaining areas of the twin cities. The Corporation has appealed to residents to cooperate in keeping the city clean and hygienic by using the dustbins and avoiding littering in public places.

The donation ceremony was attended by senior SBI officials, including Krishan Jain, Vivek Kumar, and managers of various branches. The initiative is expected to have a positive impact on the cleanliness and sanitation of Yamunanagar and Jagadhri, and sets an example for other organizations to contribute to the ‘Haryana Shehar Swachhata Abhiyan’. By promoting proper waste disposal and cleanliness, SBI’s donation is a significant step towards making the twin cities more beautiful, clean, and hygienic.

The State Bank of India’s administrative office in Nagpur recently organized a special cleanliness drive at the Lourd Mata Mandir in Civil Lines, Nagpur. The event was part of the ‘Swachhata Hi Seva – One Day, One Hour, Together’ campaign, which aims to promote collective responsibility in maintaining cleanliness and hygiene in public places. The drive was attended by staff members of the bank, who participated wholeheartedly in the presence of Rajeev Sawrav, the Deputy General Manager (B&O) of the Nagpur Module.

During the event, participants actively engaged in cleaning the premises of the Lourd Mata Mandir and its surrounding areas. The initiative served as a reminder that the mission of Swachh Bharat, a nationwide campaign launched by the government to clean up India, is not just a one-day activity but a continuous commitment towards building a clean, green, and sustainable environment. The event highlighted the importance of collective responsibility in maintaining cleanliness and hygiene in public places, and the role that individuals and organizations can play in achieving this goal.

The cleanliness drive was a significant effort by the State Bank of India to contribute to the Swachh Bharat mission. By organizing such events, the bank is not only promoting cleanliness but also setting an example for others to follow. The event also demonstrated the bank’s commitment to social responsibility and its efforts to give back to the community. The participation of staff members in the event showed that the bank’s employees are dedicated to making a positive impact on the environment and the community.

The ‘Swachhata Hi Seva – One Day, One Hour, Together’ campaign is an initiative that aims to bring people together to work towards a common goal of cleanliness and hygiene. The campaign encourages individuals and organizations to dedicate one hour of their time to clean up their surroundings and promote cleanliness. The campaign has gained significant traction across the country, with many organizations and individuals participating in it. The State Bank of India’s administrative office in Nagpur has set a good example by participating in this campaign and promoting cleanliness in the community.

The Brihanmumbai Municipal Corporation (BMC) has experienced a decline in its fixed deposits (FDs) after over a decade of consistent growth. According to information obtained under the Right to Information (RTI) Act, the BMC’s FDs peaked at 91,690 crore in 2021-22 but have since dropped by 12,192 crore over the past three years, reaching 79,498 crore in 2024-25. Despite this decline, the BMC remains the country’s richest municipal corporation, with a budget of 74,427 crore presented for 2025-26.

The decline in FDs is attributed to the BMC’s spending on large infrastructure projects, such as the Coastal Road (south) project, upgradation of sewerage treatment plants, and road concretisation works. Additionally, the BMC has provided funds to the Mumbai Metropolitan Region Development Authority (MMRDA) and the Brihanmumbai Electric Supply and Transport (BEST) undertaking. For instance, an FD of 949 crore with the State Bank of India was liquidated to be given to the MMRDA, while 250 crore and 113 crore were withdrawn from the SBI to provide subsidies to the BEST.

Experts have expressed concerns about the BMC’s financial management, citing the need for careful assessment of the extent of reserves required for emergencies. Milind Mhaske, CEO of the NGO Praja, suggested that locking up large sums in FDs serves little purpose and that these funds could be better utilized for public works. Former municipal commissioner Subodh Kumar warned that the BMC’s reserves could get quickly depleted if it continues to sanction new projects at the current pace, given its mounting obligations of nearly 2 lakh crore.

The BMC’s 2025-26 budget estimates a revenue income of 43,159 crore, which is about 21% higher than the 2024-25 estimates. The main contributors to this revenue are compensation in lieu of octroi, development plan fees and premiums, and property tax. However, with the BMC’s liabilities at nearly 2 lakh crore, there are concerns about the sustainability of its financial management and the potential exhaustion of its funds if it continues to take up new projects without adequate financial planning.

KPI Green Energy, a leading renewable energy company, has secured a Rs 32 billion loan from the State Bank of India (SBI) to fuel its expansion plans. According to top executives, the loan will be used to finance the company’s ambitious growth strategy, which includes developing new renewable energy projects and expanding its existing portfolio.

The loan, which is one of the largest in the renewable energy sector, demonstrates the confidence of financial institutions in KPI Green Energy’s business model and growth prospects. The company has a strong track record of developing and operating renewable energy projects, and its partnership with SBI is expected to further accelerate its growth.

KPI Green Energy has a diversified portfolio of renewable energy projects, including solar, wind, and biogas power plants. The company has a strong presence in the Indian market and is also exploring opportunities in international markets. With the SBI loan, KPI Green Energy plans to develop new projects, including solar parks and wind farms, which will help to increase its renewable energy capacity and reduce India’s dependence on fossil fuels.

The loan agreement is a significant milestone for KPI Green Energy, and it underscores the company’s commitment to contributing to India’s renewable energy goals. The Indian government has set an ambitious target of achieving 40% of its energy capacity from non-fossil fuels by 2030, and companies like KPI Green Energy are playing a crucial role in helping to achieve this target.

The SBI loan will also help KPI Green Energy to reduce its debt costs and improve its financial efficiency. The company has a strong focus on sustainability and is committed to creating long-term value for its stakeholders. With the support of SBI, KPI Green Energy is well-positioned to achieve its growth objectives and make a meaningful contribution to the development of India’s renewable energy sector.

Overall, the Rs 32 billion loan from SBI is a significant development for KPI Green Energy, and it highlights the company’s strong growth prospects and its commitment to the renewable energy sector. With this funding, KPI Green Energy is expected to play an even more important role in helping to achieve India’s renewable energy goals and reducing the country’s dependence on fossil fuels.

The State Bank of India Officers’ Association, Chandigarh Circle, held its 13th Triennial General Council on September 14 at the Indradhanush Auditorium in Panchkula. The event was attended by over 2,000 SBI officers from various regions, including Jammu & Kashmir, Ladakh, Himachal Pradesh, Punjab, Haryana, and Chandigarh. The gathering was addressed by Krishan Sharma, Chief General Manager of SBI Chandigarh Circle, who commended the association’s efforts and emphasized the crucial role of officers in strengthening the country’s banking system.

The keynote address was delivered by Rupam Roy, General Secretary of AISBOF and AIBOC, who discussed the challenges facing bank officers and updated the delegates on recent developments. The council also heard from Com. Arun Kr Bishoyi, President of AISBOF, and senior dignitaries such as SBI General Managers Sh. Manmeet S. Chhabra and Sh. Neeraj Bharti. The event brought together delegates and senior leaders from multiple SBI circles across the country, making it a significant congregation of officer representatives.

According to Priyvrat, General Secretary of the SBI Officers’ Association (Chandigarh Circle), the triennial meeting provided a vital platform for collective discussion on key issues concerning the banking sector, officer welfare, and the association’s future goals. The meeting allowed officers to come together and address pressing concerns, enabling them to work towards a stronger and more efficient banking system.

The attendance of over 2,000 officers from various regions highlights the importance of the event and the association’s role in representing the interests of SBI officers. The participation of senior leaders and dignitaries from across the country added to the significance of the gathering, making it a crucial platform for discussion and decision-making. Overall, the 13th Triennial General Council of the SBI Officers’ Association, Chandigarh Circle, was a successful event that provided a valuable opportunity for officers to come together and work towards a common goal.

The State Bank of India (SBI) has increased the minimum threshold limit for its auto-sweep facility in savings bank accounts from Rs 35,000 to Rs 50,000. This change is effective immediately and will benefit customers by providing them with higher interest rates on their surplus funds. The auto-sweep facility, also known as the Multi-Option Deposit (MOD) facility, is a type of fixed deposit linked to a customer’s savings or current account.

When the balance in a customer’s savings account exceeds the threshold limit of Rs 50,000, the excess amount is automatically transferred into an MOD. The MOD earns fixed deposit interest rates, which are higher than the normal savings account interest rate. This allows customers to earn a higher interest rate on their surplus funds without having to manually transfer them into a fixed deposit.

In case a customer’s savings account balance is insufficient to honor a debit mandate, SBI will partially or fully transfer the money back from the MOD scheme into their account. The interest on MOD is paid quarterly or on a compounded basis, and customers can withdraw their MOD prematurely, although a penalty may be applicable.

The SBI MOD scheme is designed to provide customers with a higher interest rate on their surplus funds, while also ensuring that they have sufficient liquidity to meet their financial obligations. With the increased threshold limit, customers can now keep a larger amount in their savings account before it is automatically transferred into an MOD.

The change is expected to benefit SBI customers who maintain a high balance in their savings accounts. The increased threshold limit will allow them to earn a higher interest rate on their surplus funds, while also providing them with greater liquidity and flexibility. Overall, the SBI MOD scheme is a convenient and flexible way for customers to manage their surplus funds and earn a higher interest rate, and the increased threshold limit is a welcome change for customers.

The Hyderabad bench of the National Company Law Tribunal (NCLT) has ruled in favor of the State Bank of India (SBI) in a case related to lease dues incurred during the corporate insolvency resolution period. The SBI had filed an application under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking direction to the Successful Resolution Applicant (SRA) to pay the lease amount of Rs 74,56,673 for the period from August 1, 2023, to October 13, 2023.

The case involves M/s Srikanth International Private Limited, a corporate debtor that had availed financial assistance of Rs 33.50 crores from the SBI. The corporate debtor had offered its marine processing plant as security, and a lease agreement was executed between the SRA and the corporate debtor for a period of six years. The lease rentals were payable directly into the SBI’s account.

However, due to default in repayment of the loan, the corporate insolvency resolution process was initiated against the corporate debtor, and the SRA was appointed as the resolution professional. The SRA had approved the resolution plan, which was accepted by the SBI, but the lease rentals for the period from August 1, 2023, to October 13, 2023, remained unpaid.

The SRA contended that the lease rentals were not payable as they had been transferred to the SBI after the vesting date. However, the SBI disputed this interpretation, arguing that the lease amounts claimed pertained to the CIRP period, prior to the vesting date, and were therefore payable to the SBI.

The NCLT bench, comprising Justice Rajeev Bhardwaj and Sanjay Puri, observed that the obligation to pay lease rentals during the CIRP period continues until the date of approval of the resolution plan and is not extinguished merely due to a change in legal status from lessee to Successful Resolution Applicant. The bench held that the SRA had retained its status as a resolution applicant during the period in question and was obligated to pay rentals to the corporate debtor under the lease terms.

The tribunal ruled that the obligation to pay lease rentals accrued during the CIRP period continues until the vesting date and that the SRA is liable to pay the corresponding rentals. The NCLT directed the SRA to pay the admitted liability of Rs 74,56,673 to the SBI for the period from August 1, 2023, to October 13, 2023. The ruling sets a precedent for similar cases, clarifying the liability of SRAs to pay lease rentals during the CIRP period.

A daring robbery took place at a State Bank of India customer service point in Hazaribag’s Katkamdag block on Tuesday. Two men looted Rs 2.5 lakh from the facility after holding the owner, Khelwanti Kumari, at gunpoint. The incident occurred around 10:30 am, shortly after Kumari opened the office. The duo arrived, claiming they wanted to withdraw Rs 10,000, but their true intentions were soon revealed.

As Kumari switched on the inverter, one of the men held her at gunpoint, covered her mouth, and snatched a bag containing Rs 2.52 lakh in cash. The perpetrators then fled the scene, pulling down the shutter and trapping Kumari inside. She managed to raise an alarm, and locals responded quickly to rescue her.

The police have launched an investigation into the incident, with Pramod Rai, the officer in charge of Katkamdag police station, stating that they are scanning CCTV footage and gathering evidence to track down the culprits. The authorities plan to conduct raids in neighboring villages to apprehend the duo. However, as of the evening, a formal complaint had not been registered.

The robbery has raised concerns about the security of customer service points, particularly in rural areas. The fact that the perpetrators were able to carry out the loot without being detected initially highlights the need for improved security measures. The police are working to identify the suspects and bring them to justice, but the incident has left the local community shaken.

The investigation is ongoing, and the police are urging anyone with information about the incident to come forward. The authorities are also reviewing security protocols to prevent similar incidents in the future. The robbery has resulted in a significant financial loss for Kumari, and the community is hoping for a swift resolution to the case.

The State Bank of India (SBI) has announced the examination dates for the Junior Associates- Customer Support and Sales (SBI Clerk) recruitment examination 2025. The online preliminary exam is scheduled to take place on September 20, 21, and 27, 2025. Admit cards for the exam will be released soon, and candidates can download them from the official SBI website, sbi.co.in.

This recruitment drive aims to fill 6,589 Junior Associate vacancies, including both regular and backlog positions. To be eligible, candidates must be between 20 and 28 years old as of April 1, 2025. The preliminary exam will consist of objective-type questions worth 100 marks, and candidates will have one hour to complete it.

After the prelims results are declared, shortlisted candidates will be allowed to appear for the mains examination and a language test. The mains exam will comprise 190 questions carrying 200 marks, and will be held for 2 hours and 40 minutes. Additionally, a ‘Local Language Proficiency Test’ will be conducted for provisionally selected candidates who did not study a specified local language in class 10 or 12.

The SBI Clerk exam is conducted annually to recruit candidates for the position of Junior Associate (Customer Support and Sales). These clerks play a crucial role in handling customer service, bank transactions, account management, and other essential front-desk operations at SBI branches across India. The exam is a great opportunity for candidates to join one of India’s leading banks and start a rewarding career in the banking sector.

Candidates who are interested in applying for the SBI Clerk exam should ensure they meet the eligibility criteria and are prepared for the exam. They can check the official SBI website for updates on the admit card release and other important information. With the exam dates announced, candidates can now start preparing in earnest and work towards securing a position as a Junior Associate with the State Bank of India.

The State Bank of India (SBI) has announced the examination dates for the Junior Associates- Customer Support and Sales (SBI Clerk) recruitment examination 2025. The online preliminary exam will be conducted on September 20, 21, and 27, 2025. Candidates can check the dates on the official website at sbi.co.in. The link to download the admit card will be made available shortly.

The online registration for SBI Junior Associates- Customer Support and Sales ended on August 26, 2025. The examination aims to fill 6589 Junior Associate vacancies, including both regular and backlog positions. Candidates appearing for the examination must be between 20 and 28 years old on April 1, 2025.

The prelims exam will consist of objective-type questions for 100 marks, and candidates will have one hour to complete it. After the online preliminary exam, shortlisted candidates will appear for the mains examination and a language test. The mains exam will consist of 190 questions carrying 200 marks, and the exam duration will be 2 hours and 40 minutes.

A ‘Local Language Proficiency Test’ will be conducted for provisionally selected candidates who did not study a specified local language of the state they have applied for in class 10th or 12th. To download the admit card, candidates can visit the official website, click on the link to download the SBI Clerk prelims admit card 2025, enter their credentials, and submit. The admit card will be displayed on the screen, and candidates can download and keep a printout for further use.

It is advised that candidates visit the official website of SBI for more details. The examination is a great opportunity for candidates to join the State Bank of India as Junior Associates- Customer Support and Sales. With the examination dates announced, candidates can now prepare and plan accordingly to appear for the exam. The SBI Clerk recruitment examination 2025 is a competitive exam, and candidates must be well-prepared to crack it.

The SBI Clerk Prelims Examination 2025 is the first step towards joining the State Bank of India as a Junior Associate. The examination process includes the prelims exam, mains exam, and a language test. Candidates who clear all the stages will be provisionally selected for the position. The SBI Clerk recruitment examination 2025 is a great opportunity for candidates to join the banking sector and start their career with one of the leading banks in India.

Overall, the SBI Clerk Prelims Examination 2025 is an important exam for candidates who wish to join the State Bank of India as Junior Associates- Customer Support and Sales. With the examination dates announced, candidates can now prepare and plan accordingly to appear for the exam. It is advised that candidates visit the official website of SBI for more details and to download the admit card when released.

A significant breakthrough has been achieved in the sensational robbery case at the State Bank of India (SBI) branch in Tumkunta, Puttaparthi. The police have arrested Anil Kumar Panwar, a former Border Security Force (BSF) jawan from Haryana, in connection with the high-profile heist. The robbery, which occurred recently, involved the looting of 11.4 kg of gold ornaments worth around ₹11 crore and ₹37.92 lakh in cash.

The accused posed a major challenge to the police, prompting the formation of special investigation teams to crack the case. District Superintendent of Police V Ratna confirmed the arrest of Anil Kumar and revealed that during the investigation, police recovered 2 kg of gold ornaments worth approximately ₹2 crore. Additionally, a car and a motorbike used in the crime were also recovered.

The police believe that the gang behind the robbery is from Haryana, and efforts are underway to track down the remaining members. Another suspect is still absconding, and special teams are working to apprehend him. SP Ratna assured the public that all stolen valuables, including the remaining 9.4 kg of gold and the cash, will be recovered soon, and the case will be fully resolved.

The investigation team, led by Hindupur DSP Mahesh, has made substantial progress in the case, and their efforts have been recognized and rewarded by the SP. The team’s hard work and dedication have been instrumental in cracking the case, and they continue to work tirelessly to trace the absconding accused and recover the remaining stolen property.

The arrest of Anil Kumar Panwar is a significant milestone in the investigation, and the police are confident that they will soon recover all the stolen valuables and bring the remaining accused to justice. The case has sent shockwaves in the state, and the police are working to ensure that such incidents do not occur in the future. With the investigation ongoing, the police are hopeful that they will soon solve the case and bring closure to the victims.

A significant development has taken place in New Delhi, with the Employees’ Provident Fund Organization (EPFO) signing a Memorandum of Understanding (MoU) with the State Bank of India (SBI) on September 5, 2025. This collaboration aims to provide insurance benefits to EPFO employees who maintain salary accounts with SBI. The agreement is a major boost to EPFO employees, offering them enhanced insurance coverage.

Under this initiative, EPFO employees with salary accounts in SBI will be eligible for various insurance benefits. In the event of accidental death, the insurance cover will be Rs 1 crore, while air accident death will be covered for Rs 1.6 crore. Additionally, employees holding a RuPay Debit Card will receive an extra benefit of up to Rs 1 crore in insurance cover. Natural death will be covered for Rs 10 lakh. These benefits are exclusive to EPFO employees with salary or savings accounts in SBI.

The MoU between EPFO and SBI reflects the commitment of both organizations to serve the nation and take care of their working members. As government undertaking organizations, they strive to provide the best possible services and benefits to their employees. This partnership is a significant step towards achieving this goal, offering enhanced insurance coverage and financial security to EPFO employees.

The agreement is a win-win for both parties, with EPFO employees benefiting from the increased insurance coverage and SBI expanding its customer base. The collaboration also highlights the importance of public sector banks and organizations working together to provide better services and benefits to their employees. With this development, EPFO employees can now enjoy enhanced financial security and peace of mind, thanks to the comprehensive insurance benefits offered by SBI. Overall, the MoU between EPFO and SBI is a positive step towards improving the lives of EPFO employees and their families.

A case of fraud has been registered against the manager and account holders of the State Bank of India (SBI) Malpe branch in Udupi, Karnataka, for allegedly siphoning off Rs 73 lac. The incident came to light after an internal audit revealed discrepancies in the accounts.

According to reports, the manager of the SBI Malpe branch, along with some account holders, had conspired to cheat the bank by creating fake accounts and transferring funds into them. The fraud is believed to have taken place over a period of several months, with the accused individuals using the money for their personal gain.

The police have registered a case against the manager and the account holders under relevant sections of the Indian Penal Code (IPC) and the Prevention of Corruption Act. The investigation is ongoing, and the police are examining the bank’s records and questioning the accused individuals.

The incident has raised concerns about the safety and security of customers’ money in banks. The SBI has assured its customers that it is taking all necessary steps to prevent such incidents in the future and to protect their interests.

The bank has also announced that it will be conducting a thorough investigation into the matter and will take disciplinary action against the employees found guilty. The incident is a reminder of the need for vigilance and transparency in banking operations to prevent such frauds.

The police are also investigating whether there were any other employees involved in the fraud and whether the bank’s systems and procedures were compromised. The incident has sparked outrage among the public, with many demanding stricter action against those responsible.

In a statement, the SBI said that it has a zero-tolerance policy towards fraud and corruption and will take all necessary steps to prevent such incidents in the future. The bank has also assured its customers that their money is safe and that it will continue to provide them with the best possible services.

The incident is a wake-up call for banks to review their systems and procedures to prevent such frauds. The police and the bank are working together to investigate the matter and to bring the perpetrators to justice. The case is under investigation, and more details are expected to emerge in the coming days.

The State Bank of India (SBI) is expected to release the results of the Probationary Officer (PO) Prelims exam soon. Candidates who appeared for the exam can check their scores and download their scorecards from the official SBI website, sbi.co.in. The results are eagerly awaited by aspirants who are looking to take the next step in the recruitment process.

Once the results are declared, candidates can follow these steps to check their scores:
1. Visit the official SBI website, sbi.co.in
2. Click on the “Careers” section
3. Select the “SBI PO Prelims Result 2025” link
4. Enter the required login credentials, such as registration number and password
5. Submit the details and view the scorecard

The SBI PO Prelims exam is the first stage of the recruitment process for probationary officers. Candidates who clear the prelims exam will be eligible to appear for the mains exam, which is scheduled to take place in September 2025. The mains exam will be a more comprehensive assessment of the candidates’ knowledge and skills.

The cut-off marks for the prelims exam will also be released along with the results. Candidates who score above the cut-off marks will be shortlisted for the mains exam. The scorecard will contain the candidate’s sectional and overall scores, as well as their qualifying status.

Candidates are advised to keep a close eye on the official SBI website for updates on the results and to follow the steps mentioned above to check their scores. The direct download link for the scorecard will be available on the website once the results are declared.

It is recommended that candidates stay tuned to the official website and other reliable sources for the latest updates on the SBI PO Prelims Result 2025. They should also be prepared to take the next step in the recruitment process, which is the mains exam, scheduled for September 2025.

VinFast Auto India, a leading electric vehicle (EV) manufacturer, has partnered with the State Bank of India (SBI) to provide specialized retail car financing to its customers. The collaboration, formalized through a Memorandum of Understanding (MoU), aims to simplify the financing process for VinFast’s premium EV portfolio. As part of the agreement, dedicated SBI representatives will be stationed at VinFast showrooms to guide customers through the financing process, ensuring a seamless and convenient experience.

The partnership leverages SBI’s extensive network of nearly 23,000 branches, allowing VinFast to reach a broader audience across urban centers and smaller towns in India. This alignment is crucial for VinFast’s goal of accelerating EV adoption in one of the world’s fastest-growing markets. According to Pham Sanh Chau, CEO of VinFast Asia, the collaboration combines SBI’s unmatched reach and credibility with VinFast’s premium EV portfolio, creating a strong foundation for the company’s growth in India.

The partnership also supports SBI’s broader sustainability target of building a 7.5% green portfolio by 2030, with EV financing playing a crucial role. As VinFast prepares to launch its VF 6 and VF 7 models in India and expands its new assembly plant in Tamil Nadu, the agreement with SBI represents a critical step in building a robust, customer-focused ecosystem. This ecosystem aims to simplify EV ownership while supporting India’s transition to sustainable mobility.

The partnership is a significant milestone for VinFast as it continues to expand its presence in the Indian market. With the opening of its first showroom in Surat, VinFast is committed to providing its customers with a comprehensive and convenient experience. The collaboration with SBI is expected to play a vital role in driving VinFast’s growth in India and contributing to the country’s sustainable mobility goals. By providing tailored retail car financing, VinFast and SBI are working together to make EV ownership more accessible and affordable for customers across India.

The State Bank of India (SBI) in Hyderabad has been actively working to create awareness about cyber fraud among the citizens of Telangana. As part of this initiative, the bank has been conducting various awareness activities at different locations, including educational institutions, non-governmental organizations (NGOs), offices, malls, metro stations, and parks. The goal of these activities is to educate people about the dangers of cyber fraud and provide them with the necessary knowledge to protect themselves.

Recently, SBI’s Hyderabad Circle, in association with the Reserve Bank of India, organized a town hall meeting on cyber fraud awareness for students from various colleges and universities. The meeting was attended by approximately 450 students from institutions such as Veeranari Chakali Ilamma Women’s University, Sun International College, PDS College of Nursing, and Ghulam Ahmed College of Education.

During the meeting, SBI officials gave a detailed presentation on the various types of cyber frauds, highlighting the importance of being careful and vigilant when using digital platforms. The students were advised to follow certain guidelines, known as “Do’s and Don’ts,” to minimize their risk of falling victim to cyber fraud. The officials also emphasized that awareness is the best defense against cyber crime and encouraged the students to spread awareness among their peers and social circles.

Additionally, the students were informed about the Cyber Crime Helpline number, 1930, and the website www.cybercrime.gov.in, which can be used to report incidents of cyber crime. By educating the students about these resources, SBI aims to empower them to take action if they or someone they know becomes a victim of cyber fraud. Overall, the meeting was a step towards creating a more informed and aware community in Telangana, and SBI plans to continue its efforts to combat cyber fraud through such awareness activities.

The State Bank of India (SBI) is set to release the results for the Probationary Officer (PO) examinations soon. Although the official date and time have not been announced, it is expected to be released in August or September 2025, as per the information bulletin. Candidates who appeared for the SBI PO Prelims exam will be able to check their scorecards and results on the official SBI website, sbi.co.in.

To check the results, candidates will need to follow a few steps. They will need to visit the official website, click on the SBI PO Prelims Result 2025 link, enter their login details, and submit. The result will then be displayed, and candidates can download and print it for future reference.

The SBI PO prelims exam was conducted on August 2, 4, and 5, 2025. Candidates who clear the prelims exam will be eligible to appear for the Mains exam, which is scheduled to take place in September 2025. The admit cards for the mains exam will be released on the official website in August or September.

The recruitment drive is being conducted to fill 541 Probationary Officer (PO) vacancies, including 500 regular and 41 backlog vacancies. The minimum educational qualification required is a graduation degree in any discipline from a recognized university or equivalent qualification. Additionally, candidates must be between 21 and 30 years old when applying.

The salary for the position is attractive, with a basic pay of Rs 41,960, special allowance of Rs 6,000, and other benefits such as DA, location allowance, learning allowance, and HRA. The gross salary is Rs 65,000, and after deductions, the net salary ranges from Rs 52,000 to Rs 53,000. Candidates who are eagerly waiting for the results can check the official website regularly for updates. Once the results are announced, candidates can follow the steps to check their scorecards and proceed with the next stage of the recruitment process.

Public Sector Undertaking (PSU) banks in India, led by the State Bank of India (SBI), have reported a significant increase in their profits for the first quarter (Q1) of the current financial year. According to recent data, PSU banks have collectively logged a profit of Rs 44,218 crore, marking an 11% year-on-year (YoY) growth.

The SBI, being the largest PSU bank, has played a major role in driving this growth. The bank’s profit has increased substantially, contributing to the overall growth of the PSU banking sector. This improvement in profitability can be attributed to various factors, including the reduction in non-performing assets (NPAs), improvement in credit growth, and enhancement in operating efficiencies.

The reduction in NPAs has been a significant factor in the improved profitability of PSU banks. The government’s initiatives to address the NPA issue, such as the Insolvency and Bankruptcy Code (IBC), have yielded positive results. As a result, PSU banks have been able to recover a significant amount of bad debts, leading to a reduction in provisioning requirements and an improvement in their bottom line.

In addition to the reduction in NPAs, PSU banks have also witnessed an improvement in credit growth. The banks have been able to increase their lending activities, driven by the growth in the economy and the increasing demand for credit from various sectors. This has resulted in an increase in interest income, contributing to the growth in profitability.

The improvement in operating efficiencies has also played a crucial role in the growth of PSU banks’ profitability. The banks have been focusing on rationalizing their operations, reducing costs, and improving their digital capabilities. This has enabled them to reduce their operating expenses and improve their overall efficiency, leading to an increase in profitability.

Overall, the Q1 performance of PSU banks, led by SBI, is a positive indicator of the sector’s growth prospects. The reduction in NPAs, improvement in credit growth, and enhancement in operating efficiencies are expected to continue driving the growth of PSU banks in the coming quarters. However, the banks will need to remain vigilant and continue to work on improving their asset quality, managing risks, and enhancing their digital capabilities to sustain this growth momentum.

It is worth noting that while the Q1 performance of PSU banks is encouraging, there are still challenges that need to be addressed. The banks will need to continue to work on improving their governance, risk management, and compliance frameworks to ensure sustainable growth. Additionally, the banks will need to be prepared to address any potential risks that may arise from the evolving economic and regulatory landscape.

According to a recent report by the State Bank of India (SBI), the credit growth of banks in India is expected to remain low due to the increasing use of alternative funding sources by corporates in the current low-interest-rate regime. The report suggests that corporates are taking advantage of the low-interest-rate environment to raise funds from other sources, such as bonds and commercial papers, rather than relying on traditional bank credit.

The SBI report notes that the credit growth of banks has been slowing down over the past few years, and this trend is likely to continue in the near future. The report attributes this slowdown to the increased use of alternative funding sources by corporates, which has reduced their dependence on bank credit. The report also notes that the low-interest-rate regime has made it more attractive for corporates to raise funds from other sources, such as bonds and commercial papers, which offer more competitive interest rates.

The report highlights that the use of alternative funding sources by corporates has increased significantly in recent years. For example, the issuance of corporate bonds has increased by over 50% in the past year, while the issuance of commercial papers has also seen a significant increase. This shift towards alternative funding sources has reduced the demand for bank credit, leading to a slowdown in credit growth.

The SBI report also notes that the low-interest-rate regime has made it more challenging for banks to grow their credit books. With interest rates at historic lows, banks are finding it difficult to maintain their net interest margins, which has impacted their profitability. The report suggests that banks will need to adapt to the changing landscape and explore new avenues for growth, such as increasing their focus on retail lending and fee-based services.

Overall, the SBI report suggests that the credit growth of banks in India is likely to remain low in the near future, driven by the increasing use of alternative funding sources by corporates and the challenges posed by the low-interest-rate regime. The report highlights the need for banks to adapt to the changing landscape and explore new avenues for growth in order to remain competitive. As the Indian economy continues to evolve, it will be interesting to see how banks respond to these challenges and find new ways to grow their business.

The Neev II Fund, managed by SBI Ventures Limited, a subsidiary of the State Bank of India, has invested in RETAS Enviro Solutions Private Limited, a climate-tech company based in India. RETAS specializes in modular rainwater harvesting and disaster-resilient infrastructure solutions, aiming to address urban flooding and water scarcity. The company’s patented Rainmaxx tanks, made from 100% recycled polypropylene, capture and store surface rainwater, facilitating groundwater recharge and on-site reuse of collected water.

India faces a significant water challenge, with only 4% of the world’s freshwater resources available to support 18% of the global population. The country experiences approximately 4,000 billion cubic meters of rainfall annually, but only about 8% is captured efficiently due to defective pipelines, limited infrastructure, and a lack of proper rainwater harvesting systems. RETAS’s solutions have already captured and stored over 75 billion liters of rainwater, and this investment will support the company’s growth plans, technology development, and expansion of its market reach.

The investment by Neev II Fund aligns with India’s growing focus on water sustainability and climate resilience. Prem Prabhakar, MD & CEO of SBI Ventures Ltd, praised RETAS’s innovative tanks as a solution to groundwater depletion and urban flooding. Akshay Panth, CIO of Neev Funds, highlighted the investment’s alignment with nurturing technology-led climate initiatives with environmental and social impact. Neeraj Chauhan, Co-founder & CEO of RETAS Enviro Solutions, emphasized the company’s mission to empower communities and industries to manage water more sustainably and build resilience against urban flooding.

With enhanced capital access, RETAS aims to expand its geographical presence, deploy new products, and increase groundwater recharge capacity. The investment by Neev II Fund demonstrates the commitment of SBI Ventures Ltd to supporting technologies that conserve water and build resilient infrastructure. As a private equity fund backed by global and domestic investors, Neev II Fund is dedicated to nurturing technology-led climate initiatives with environmental and social impact. The partnership between RETAS and Neev II Fund is expected to contribute significantly to India’s water sustainability and climate resilience efforts.

In a brazen heist, six masked men stole an entire State Bank of India ATM containing approximately Rs 18 lakh in cash from Ajitgarh town in Rajasthan’s Sikar district. The incident occurred between 2 am and 2:30 am, and the entire operation was executed in just 14 minutes. The masked assailants arrived in a black Scorpio vehicle and targeted the SBI ATM located near a government school on Chomu road.

The security guard on duty, Gajendra Singh, was brutally assaulted and tied up with ropes. His mouth was gagged, and he was reportedly beaten with an iron rod for resisting. The miscreants then disconnected the electricity supply and disabled the CCTV cameras before uprooting the ATM machine. The robbers also snatched the guard’s mobile phone before fleeing the scene with the machine.

Footage from a CCTV camera at the ATM captured the masked men entering the premises one by one, but due to their covered faces, identifying them has proven difficult. Deputy Superintendent of Police Umesh Gupta confirmed that the robbers acted with precise planning. The police have formed four teams to investigate the case from different angles, and surveillance footage from surrounding areas is also being examined.

The District Special Task Force (DST) has joined the search operation to track down the suspects. The incident has sparked fear among local residents, and the police are working to apprehend the culprits as soon as possible. The robbery is a significant concern for the authorities, as it highlights the vulnerability of ATMs and the need for enhanced security measures.

The police are reviewing the CCTV footage and gathering evidence to identify the suspects. The ATM was located in a secluded area, which may have made it an easy target for the robbers. The authorities are also investigating whether the robbers had any inside help or if they had been planning the heist for some time. The incident has raised concerns about the safety of ATMs and the need for better security measures to prevent such incidents in the future.

The Madras High Court has rejected a petition filed by a candidate whose appointment as a Circle Based Officer (CBO) at the State Bank of India (SBI) was cancelled due to an adverse history in his CIBIL report. The candidate had argued that he had fulfilled all eligibility requirements and had cleared all previous loans, but the court upheld the bank’s decision, stating that the banking sector requires a high standard of financial discipline from its employees. The court observed that a person who has shown poor financial discipline cannot be relied upon to handle public money responsibly.

The candidate had applied for the post of CBO and had cleared the exam, interview, medical test, and document verification, including the CIBIL check. However, his appointment was cancelled after the bank discovered that his CIBIL report indicated a negative credit history, including defaults in loan and credit card repayments. The candidate claimed that he had cleared all previous loans and had no outstanding dues or adverse credit remarks as of the date of the job notification.

The candidate also alleged that the bank’s selection process was discriminatory, as some other candidates who had defaulted on their loans at the time of notification were still appointed. However, the court dismissed this allegation, stating that appointments were made strictly for those who met all eligibility requirements. The court also noted that the petitioner’s case involved multiple defaults, which set it apart from other candidates.

The court examined the credit records of the candidate and found that he had multiple defaults, including nine irregular credit facilities and more than ten credit enquiries. The court also observed that the candidate had himself admitted to having defaulted on loan repayments. The court held that the bank’s decision to cancel the appointment was prudent, as it was necessary to maintain financial discipline in the banking sector.

The court’s judgment highlights the importance of maintaining a clean credit record for those who work in the banking sector, particularly those who handle public money. The court’s decision also suggests that banks have the right to set eligibility criteria for their employees, including requirements for a clean credit record. The case also underscores the need for transparency and fairness in the selection process, and the importance of ensuring that all candidates are treated equally and without discrimination. Overall, the court’s decision upholds the principle that those who work in the banking sector must maintain high standards of financial discipline and integrity.

The State Bank of India (SBI) has not denied the possibility of shifting a part of its Global Market Unit (GMU) from Kolkata to Mumbai. This came in response to a query by a civil society forum, Bank Bachao Desh Bachao Manch (BBDBM), to the President of India. The forum had written to the President expressing concerns that SBI plans to relocate its Centralised Global Back Office (CGBO), along with its forex treasury, derivatives, and structured products divisions, from Kolkata to Mumbai. The CGBO operates across global financial hubs, including Sydney, Bahrain, Hong Kong, London, and New York.

SBI responded by stating that the opening, shifting, and rationalization of branch offices is a continuous process undertaken in the normal course of business. However, the bank’s response did not provide any specific justification for the potential relocation of the GMU from Kolkata. The BBDBM expressed disappointment at the generic response from SBI, stating that it did not address the core issues raised in their original complaint.

The GMU, formerly known as the Foreign Department, Kolkata, has been operating successfully in the city since its inception in 2015. The forum pointed out that this is not the first attempt to strip Kolkata of its pivotal role in SBI’s forex operations, citing a similar move that was thwarted two decades ago through collective resistance from employees and officers.

The potential relocation of the GMU from Kolkata to Mumbai has sparked concerns that it would be a significant loss for the city. BBDBM spokesperson Ashok Mukherjee stated that any such move should be stopped, highlighting the importance of the GMU to the city’s economy. The forum’s concerns have sparked a debate about the potential impact of the relocation on the city and the bank’s operations. The SBI’s decision to consider relocating the GMU has raised questions about the bank’s commitment to maintaining a significant presence in Kolkata, a city that has historically played a crucial role in the bank’s forex operations.

A devastating fire broke out at the State Bank of India (SBI) Lathikata branch, located near Rourkela city in Odisha, on Wednesday evening. The fire started around 7 pm and quickly spread throughout the bank, engulfing several rooms. The inferno destroyed various computers, important documents, and furniture, causing significant damage to the bank’s property. Fortunately, no casualties were reported during the incident.

The fire was first noticed by locals who saw smoke emerging from the bank in the evening. They immediately raised an alarm, alerting the authorities to the emergency situation. The Fire Brigade responded promptly, dispatching two fire engines to the scene. The firefighters worked tirelessly to bring the blaze under control, eventually managing to douse the flames after a grueling two-hour effort.

Preliminary investigations suggest that the fire may have been caused by an electrical short-circuit. However, the exact cause of the fire will be determined after a thorough investigation. The bank’s manager has announced that an assessment of the damage to the strong room and the currency notes stored within will be conducted on the following day.

The strong room, which is designed to be a secure and fire-resistant area, is believed to have suffered damage in the fire. The bank’s officials will carefully evaluate the extent of the damage and take necessary steps to restore the affected areas. The incident has raised concerns about the safety and security of the bank’s infrastructure and the need for regular maintenance and inspections to prevent such incidents in the future.

The SBI Lathikata branch will likely remain closed until the damage is fully assessed and repairs are carried out. The bank’s customers may face temporary disruptions to their services, but the bank’s management is expected to make arrangements to minimize the inconvenience. An investigation into the cause of the fire will be conducted, and measures will be taken to prevent similar incidents from occurring in the future.

The State Bank of India’s (SBI) Administrative Office and Regional Business Office in Tirupati organized a blood donation camp on Friday, as part of its annual “Bank Day” celebrations. The event was held at the Administrative Office premises and saw enthusiastic participation from bank employees. The initiative was undertaken to commemorate Bank Day, which is observed every year on July 1.

Regional Manager S Venkateswara Rao expressed his pride in the initiative, terming it a meaningful gesture of social responsibility that aligns with the spirit of Bank Day. He emphasized the importance of giving back to the community and highlighted the significance of blood donation in saving lives. The blood donation camp was a testament to the bank’s commitment to social welfare and its efforts to make a positive impact on the community.

The event was well-organized, and bank employees actively participated in the blood donation camp. The camp was supervised by medical professionals who ensured that all necessary precautions were taken to guarantee the safety of the donors. The donated blood will be used to help patients in need, particularly those undergoing surgery or receiving treatment for various medical conditions.

The SBI’s initiative is a shining example of corporate social responsibility, demonstrating the bank’s dedication to giving back to the community. By organizing a blood donation camp, the bank has not only helped to address the shortage of blood in hospitals but also raised awareness about the importance of blood donation. The event also served as an opportunity for bank employees to come together and engage in a noble cause, fostering a sense of camaraderie and social responsibility.

The success of the blood donation camp is a testament to the SBI’s commitment to social welfare and its efforts to make a positive impact on the community. The bank’s initiative has set an example for other organizations to follow, highlighting the importance of giving back to the community and promoting social responsibility. As the SBI continues to celebrate its annual Bank Day, the blood donation camp will remain a memorable event, demonstrating the bank’s dedication to social welfare and its commitment to making a difference in the lives of others.

SBI Life has taken steps to simplify its claims process for the families of victims of the tragic AI 171 plane crash in Ahmedabad on June 12, 2025. The company understands the emotional strain that families face during such situations and has eased the claim process to provide faster financial assistance. To facilitate a smoother claims process, SBI Life will not require a death certificate from the claimant. Instead, the company will accept evidence of death from official government records, municipal records, or e-governance databases as proof of death.

The claims process has been simplified to require minimal documentation, including a claim form, policy document, and details of the nominee’s KYC and bank account. Families can also contact SBI Life’s 24×7 toll-free number at 1800 267 9090 for any claims-related queries. The company has appointed nodal officers for each district to assist with claims and has encouraged families to reach out to them or visit the nearest SBI Life branch for support.

SBI Life has expressed its deep sorrow over the loss of lives in the crash and has reiterated its commitment to standing by the families during this time of grief. The company’s priority is to provide a swift and simplified claim settlement experience, ensuring that families receive the financial assistance they need as quickly as possible. By simplifying the claims process and providing dedicated support, SBI Life aims to reduce the emotional burden on families and help them navigate this difficult time.

The company’s efforts to simplify the claims process demonstrate its commitment to customer care and its understanding of the emotional challenges faced by families in the aftermath of a tragedy. By providing a dedicated toll-free number, nodal officers, and support through its branches, SBI Life is ensuring that families have access to the help they need to navigate the claims process. The company’s actions are a testament to its commitment to supporting its customers and their families during times of need.

The State Bank of India’s Rural Self Employment Training Institute (RSETI) in Sri Vijaya Puram recently completed a 31-day women’s tailor course, which took place from May 8 to June 13, 2025. The course had 16 women trainees who successfully completed the program. The valedictory ceremony was attended by several dignitaries, including Shri Santosh Sahu, Regional Manager, Shri P K Ummer Farooq, Chief Manager UTLBC, and Shri Ravi Sankar, Chief Manager, Lead Bank.

During the ceremony, Shri Santosh Sahu congratulated the trainees on completing the course and advised them to utilize the skills they learned to generate income. He also assured them that banks would provide the necessary loans to those who wanted to start their own ventures. Shri Ummer Farooq appreciated the trainees for taking the initiative to acquire new skills and encouraged them to work hard to become self-sufficient. Shri Ravi Sankar also praised the trainees for learning a skill that is in high demand, such as women’s tailoring.

The ceremony concluded with the distribution of certificates to the trainees by the dignitaries present. The Director of RSETI, C Raj, proposed a vote of thanks to mark the end of the function. The successful completion of the course is a significant achievement for the trainees, who can now use their newfound skills to start their own businesses or seek employment in the tailoring industry. The support and guidance provided by the RSETI and the dignitaries present will undoubtedly help the trainees to become economically independent and self-sufficient.

The RSETI’s initiative to provide training in women’s tailoring is a step in the right direction, as it enables women to acquire a marketable skill and become financially independent. The program’s focus on providing loans to trainees who want to start their own ventures is also commendable, as it will help them to overcome financial barriers and achieve their entrepreneurial goals. Overall, the 31-day women’s tailor course is a great example of how RSETI is working to empower women and promote economic development in the region.

The government of Telangana has introduced a ₹1 crore accident insurance cover for its power utilities’ staff, benefiting 51,868 employees. The scheme is a result of a memorandum of understanding (MoU) between the power utilities and the State Bank of India (SBI). To avail of the insurance scheme, employees will need to open a bank account with SBI. The insurance cover will provide employees with a sense of security and confidence, allowing them to work more efficiently.

In the event of an accident, the insurance scheme will provide a claim of ₹1 crore to the dependents of the deceased employee. Additionally, if an employee suffers a permanent disability due to an accident, they will receive a claim of ₹80 lakh. The scheme also includes education and marriage loan facilities for employees who open an account with SBI.

The Deputy Chief Minister of Telangana, Mallu Bhatti Vikramarka, launched the scheme and praised the efforts of the power utilities’ employees in ensuring uninterrupted power supply despite a surge in peak demand. The scheme is a historic decision for the state, providing employees with a sense of security and assurance. The insurance cover will be extended to employees without any premium contribution from them, and their dependents will receive a claim of ₹10 lakh in the event of natural death.

Furthermore, four members of the employee’s family will also be covered under the scheme, with each member receiving an insurance cover of ₹5 lakh. This benefit can be availed even if the employee has a zero balance in their account. The introduction of this scheme is a significant step towards recognizing the hard work and dedication of the power utilities’ employees in Telangana.

The state government has also unveiled a new green energy policy to meet the increasing energy demand. The policy aims to add 20,000 MW of green energy capacity by 2030. The launch of the insurance scheme and the new green energy policy demonstrates the government’s commitment to the welfare of its employees and the development of the state’s energy sector.

According to a recent report by the State Bank of India (SBI), India’s poverty rate is expected to decline further to 4.6% in 2024 from 5.3% in 2023. The report highlights the country’s progress in reducing poverty and improving living standards. The decline in poverty rates can be attributed to various factors, including government initiatives, economic growth, and social welfare programs.

The SBI report notes that the poverty rate in India has been steadily declining over the years, with a significant reduction from 45% in 1993-94 to 22.5% in 2011-12. The report further states that the poverty rate is expected to decline to 4.6% in 2024, indicating a significant improvement in the living standards of the population.

The report attributes the decline in poverty rates to various government initiatives, including the Pradhan Mantri Jan Dhan Yojana (PMJDY), which has helped to increase financial inclusion and access to banking services for the poor. Other initiatives, such as the Pradhan Mantri Awas Yojana (PMAY) and the Deen Dayal Upadhyaya Antyodaya Yojana (DDUAY), have also contributed to the decline in poverty rates.

The report also highlights the role of economic growth in reducing poverty. The country’s GDP growth rate has been steadily increasing, which has led to an increase in employment opportunities and income levels. Additionally, the report notes that social welfare programs, such as the Public Distribution System (PDS) and the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), have also played a crucial role in reducing poverty.

The SBI report also notes that the decline in poverty rates has been more significant in rural areas, where poverty has declined from 35.7% in 2011-12 to 5.5% in 2023. The report attributes this decline to the government’s focus on rural development and the implementation of initiatives such as the PMAY and the DDUAY.

Overall, the SBI report highlights the significant progress made by India in reducing poverty and improving living standards. The decline in poverty rates is a testament to the effectiveness of government initiatives and economic growth. However, the report also notes that there is still a need to address issues such as income inequality and access to education and healthcare, which are critical to sustaining the decline in poverty rates.

A 54-year-old homemaker, Bindu C.D., has filed a complaint with the Sadashivanagar police in Bengaluru, alleging that 145 grams of gold and diamond valuables have gone missing from her bank locker at the State Bank of India (SBI) branch in Dollars Colony. The incident occurred in March this year, and despite repeated complaints and follow-ups, the bank officials have failed to provide a convincing explanation for the loss.

According to the complaint, Bindu had been using the locker facility at the SBI branch since December 2022, and had stored her valuables, including gold and diamond jewelry, in the locker. When she checked the locker in November 2024, the valuables were intact, but when she checked again on March 28, 2025, they were missing. She immediately raised a complaint with the bank officials, but they denied having any knowledge about the missing valuables and claimed that no one could access her locker.

Undeterred, Bindu approached the bank’s customer care and the chief vigilance officer, but her efforts were met with evasive responses. The officials suggested that she check for the valuables at her home, implying that she may have misplaced them. Frustrated with the bank’s response, Bindu decided to approach the police and filed a complaint with the Sadashivanagar police.

The police have registered a case under section 305(a) of the Bharatiya Nyaya Sanhita (BNS), which deals with theft in a dwelling house, means of transportation, or place of worship. The case has been registered against the bank officials, and the police will conduct further investigations into the matter. The incident has raised concerns about the safety and security of bank lockers, and the responsibility of banks to protect their customers’ valuables. The case is currently under investigation, and it remains to be seen how the bank and the police will respond to the allegations.

The Indian economy is expected to remain the fastest-growing major economy in the fiscal year 2026, driven by its sound macroeconomic fundamentals, robust financial sector, and commitment to sustainable growth. According to a report by the State Bank of India (SBI), the country’s domestic finances are sufficient to support the anticipated growth, and demand-induced pressure on prices is not expected in the upcoming fiscal year. The report’s author, Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI, noted that the only downside to growth comes from external and geopolitical factors.

India’s economy grew by 7.4% in the fourth quarter of the fiscal year 2025, with a strong uptick in capital formation, which registered a 9.4% annual growth. The recovery in capital formation was driven by a revival in the core sector, as evident from high-frequency indicators. The overall growth in capital formation for the fiscal year 2025 stands at 7.1%. The annual growth rate for the fiscal year 2025 is estimated at 6.5%.

All sectors exhibited better growth numbers in the fourth quarter, with the industry growing by 6.5%, and the services sector growing by 7.3%. The construction sector saw a significant growth of 10.8%, while the manufacturing sector increased by 4.8%. Private consumption maintained its healthy run, registering a growth of 7.2% for the fiscal year 2025. Export demand was also healthy, with a growth of 6.3%, while imports contracted by 3.7% for the whole year.

The SBI report notes that this growth was front-loaded due to an export push amidst US tariffs uncertainty. The highest contraction in imports occurred in the fourth quarter, at 12.7%, which pulled the overall GDP growth to 7.2% in the quarter. Despite this, the report is optimistic about India’s economic prospects, citing its sound macroeconomic fundamentals and commitment to sustainable growth. With higher anticipated savings, the domestic finances are expected to be sufficient to finance the anticipated growth, and the economy is poised to remain the fastest-growing major economy in the fiscal year 2026.

Tension erupted at the State Bank of India (SBI) regional office in Tiruchy, India, on Monday as hundreds of farmers attempted to surround the bank, protesting against the new regulations on jewel loans introduced by the Reserve Bank of India. The farmers, led by P Ayyakannu, State president of Desiya Thenninthiya Nadhigal Inaippu Sangam, gathered in front of the SBI regional office, demanding that the bank withdraw the new regulations. The new norms, which restrict jewel loans to only Rs 2 lakh, have been met with strong opposition from farmers who claim that it will severely impact their livelihoods.

The farmers, who had been protesting against the new norms for some time, were frustrated that the banks were continuing to implement the regulations despite their objections. They argued that the new rules, which require receipts for pledged jewels and restrict loans to 80% of the jewel’s value, would make it difficult for them to access credit. The protesters claimed that the new norms would disproportionately affect farmers, who rely heavily on jewel loans to fund their agricultural activities.

As the farmers attempted to besiege the bank, police intervened and stopped them, eventually arresting all the protesters. The situation turned tense, with the farmers raising slogans in support of their demands. The protests highlight the ongoing struggle between farmers and banks over the new jewel loan regulations, which have been a point of contention for some time. The farmers are demanding that the banks withdraw the new regulations and restore the old norms, which they claim were more favorable to them.

The issue has been a major concern for farmers in the region, who are already struggling to cope with the economic challenges posed by the COVID-19 pandemic. The new regulations have added to their woes, making it difficult for them to access credit and fund their agricultural activities. The protests are likely to continue until the farmers’ demands are met, and the issue is resolved. The government and the banking sector will need to find a solution to address the concerns of the farmers and ensure that they have access to credit and other financial services.

Pratiksha Tondwalkar’s life is a truly inspiring story of courage, hard work, and empowerment. Born in 1964, she faced numerous challenges from a young age, including financial difficulties that forced her to drop out of school after Class 10 and get married at 17. Tragedy struck when her husband, Sadashiv Kadu, passed away in an accident at the age of 20, leaving her alone with a young son. Despite the immense hardship, Pratiksha refused to give up and continued to struggle to rebuild her life and support her child.

With limited education, Pratiksha’s job prospects were slim, and she ended up working as a sweeper at the State Bank of India (SBI), earning a meager Rs. 60-65 per month. However, she was determined to improve her life and took the bold step of continuing her education. She attended night classes and completed her 12th-class examinations, followed by a master’s degree in psychology. Her relentless efforts and dedication eventually led to her promotion to bank clerk.

In 1993, Pratiksha married Pramod Tondwalkar, who supported and encouraged her aspirations. With his motivation, she prepared for banking examinations and qualified as a trainee officer. Through her unwavering perseverance and hard work, Pratiksha climbed the ranks, overcoming numerous obstacles and challenges along the way. Her remarkable journey culminated in her appointment as Assistant General Manager (AGM) of SBI in 2022.

Pratiksha’s story is a testament to the power of determination, education, and resilience. Despite facing immense hardship and adversity, she refused to give up and continued to strive for a better life. Her journey serves as an inspiration to countless individuals, demonstrating that with hard work, dedication, and perseverance, anyone can overcome obstacles and achieve their goals. Pratiksha’s accomplishments are a shining example of the impact of education and empowerment, and her legacy will continue to inspire generations to come.

The Central Industrial Security Force (CISF) has signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI) to manage the salary accounts of its serving and retired personnel. The agreement, which is valid for three years, introduces several enhanced financial benefits for CISF personnel, including increased personal accident insurance coverage. The new provisions of the MoU were formalized at a function held at the CISF Headquarters, where the MoU was signed by representatives of CISF and SBI.

Under the new agreement, serving CISF personnel will be entitled to personal accident insurance coverage of up to Rs 1 crore, an increase from the previous limit of Rs 50 lakh. Retired personnel will also see an increase in their personal accident insurance coverage, from Rs 30 lakh to Rs 50 lakh. Additionally, serving personnel will be covered for up to Rs 1.5 crore in the event of an air accident, and will also be eligible for a term insurance of Rs 10 lakh.

The insurance coverage for serving personnel in case of permanent total and partial disability has also been increased to Rs 1 crore each. Furthermore, additional covers are applicable in case of accidental death, including cost of plastic surgery in burn cases, cost of children’s higher education, girl child cover for marriage, payment for air ambulance, and ambulance charges.

The introduction of these enhanced benefits marks a significant milestone in the CISF’s ongoing commitment to the welfare and financial security of its members. The benefits come at no additional cost to the personnel and are in addition to their existing benefits. The CISF has emphasized its commitment to providing the best possible support to its personnel and their families, and this agreement is a major step in that direction. Overall, the new MoU with SBI is expected to provide significant financial security and benefits to CISF personnel, both serving and retired.

The State Bank of India (SBI) has released the results of the Mains exam for the recruitment of Probationary Officers (PO) on its official website, sbi.co.in. Candidates who appeared for the exam can check the results by visiting the website and downloading the PDF containing the roll numbers of shortlisted candidates. The selected candidates will be eligible to appear in the next stage of the recruitment process, which is the interview round.

The Mains exam was conducted on May 5, 2025, in a single session across the country, for those who cleared the preliminary exam. A total of 600 posts will be filled through this recruitment drive. The SBI PO selection process involves three stages: preliminary exam, mains exam, and interview.

To check the merit list, candidates can follow these steps:

1. Visit the SBI’s career portal at sbi.co.in/web/careers
2. Click on the “Current Openings” section on the homepage
3. Find the notice titled “Recruitment of Probationary Officers (ADVERTISEMENT NO: CRPD/PO/2024-25/22)”
4. Click on “Download Mains Exam Result PDF”
5. The PDF will open on the screen, and candidates can download it for future reference

The admit card for the interview round will be released soon, and the date and time will be announced on the official website. Candidates are advised to regularly visit the website to stay updated on the latest information. The interview round is the final stage of the selection process, and candidates who clear this round will be selected for the post of Probationary Officer in SBI.

According to a research report by the State Bank of India (SBI), India’s GDP growth is projected to be around 6.4-6.5% in the fourth quarter of FY25 and 6.3% for the entire fiscal year. This forecast assumes no significant revisions in the Q1 to Q3 estimates when the National Statistics Office (NSO) releases the upcoming data. The report notes that global economic activity is expected to be impacted by escalating trade tensions and high levels of policy uncertainty, with the International Monetary Fund (IMF) projecting global growth to drop to 2.8% in 2025 and 3% in 2026.

In contrast, India’s growth outlook is relatively stable, with the SBI report predicting 6.2% growth in FY25, supported by private consumption, particularly in rural areas. However, this is 30 basis points lower than the earlier estimate due to trade tensions and global uncertainty. The report’s projection is also lower than the NSO’s estimate of 6.5% growth for 2024-25, which was made in February.

Another rating agency, ICRA, has also revised its growth forecast for India, predicting 6.9% growth in the quarter ended March 31 and 6.3% for the full 2024-25 fiscal. This is lower than the NSO’s implicit estimate of 7.6% for the quarter. ICRA’s projection suggests that the year-on-year expansion of the GDP will rise to 6.9% in Q4 FY25, from 6.2% in Q3 FY25.

Overall, the reports suggest that while India’s growth outlook is relatively stable, it is still vulnerable to global economic uncertainties and trade tensions. The revised forecasts by SBI and ICRA indicate that India’s economic growth may not meet the earlier estimates, and the actual growth rate may be lower than expected. The upcoming data release by the NSO will provide a clearer picture of India’s economic performance in the fourth quarter and the full fiscal year.

The State Bank of India (SBI) has achieved a record profit of $9.2 billion for the fiscal year ending March 2025, making it one of the top 100 companies globally in terms of net profit. This success can be attributed to the bank’s strategic shift towards digital banking, particularly through its YONO app. Launched in 2017, YONO has become a cornerstone of SBI’s growth strategy, with over 74 million registered users and over 10 million daily logins. The app has enabled more than Rs 3.2 lakh crore in loan disbursements and has become a significant contributor to the bank’s retail loan book.

However, despite its success, YONO accounts for only a small portion of SBI’s overall customer base, with only about 14% of its 500 million accounts actively using the app. This has raised questions about the efficiency of SBI’s expansive network of 20,000 branches and 220,000 employees. Rajendra Srivastava, a prominent marketing expert, has pointed out that the bulk of SBI’s profits come from a small digital user base, while the remaining 370 million accounts are primarily low-margin, high-cost liabilities.

Srivastava has suggested that SBI focus on expanding YONO’s reach to convert more of its legacy customers into digital users, reducing the cost-to-serve. He has also proposed that the bank phase out underutilized physical infrastructure and trim administrative costs tied to dormant accounts. By doing so, SBI could improve customer lifetime value through cross-selling within the YONO ecosystem and extend its footprint without additional capital expenditure.

Despite its record-breaking profits, SBI trades at a lower Price-to-Book (P/B) ratio of 1.4 compared to its private sector peers, reflecting investor concerns about its structural inefficiencies in asset utilization. Srivastava believes that SBI can improve its P/B ratio by improving its operational efficiency and expanding its digital presence. By doing so, the bank can become a beacon for all public sector companies, demonstrating that profitability, efficiency, and inclusion are not mutually exclusive.

Overall, SBI’s success with YONO is a testament to the power of digital banking in India. However, the bank needs to focus on expanding its digital presence and improving its operational efficiency to remain competitive in the financial services landscape. With a relatively small incremental investment, SBI can convert more of its legacy customers into digital users, reducing costs and improving customer lifetime value. By doing so, the bank can gain strategic relevance and become a leader in the Indian banking sector.

A recent report by the State Bank of India (SBI) highlights the importance of long-term investment in green bonds, particularly in the context of India’s rapid urbanization and growing environmental concerns. The report emphasizes that investing in green initiatives can yield substantial returns over time. With India’s urban population expected to rise to 35-37% by 2024 and 40% by 2030, the need for sustainable urban planning and environmental conservation has become increasingly pressing.

According to the report, the relationship between urbanization and forest cover is U-shaped. In the early stages of urbanization, forest cover decreases due to deforestation and construction activities. However, as urbanization progresses, efforts to protect and restore forests increase, leading to a recovery in forest cover. The report suggests that green finance, particularly green bonds, can help reduce the pressure on forests in the early and middle stages of urban growth.

The report identifies a key turning point, where urbanization reaches 40%, and the effect on forest cover becomes positive. After this threshold, cities are more likely to invest in green infrastructure and conservation. The Indian government has launched initiatives such as the Smart Cities Mission and AMRUT to build green infrastructure and improve urban ecological resilience, which aligns with this U-shaped pattern.

The report concludes that with proper planning and continued investment in green projects, green bonds can be a powerful tool for both economic growth and environmental conservation. By investing in green bonds, individuals and organizations can contribute to reducing the negative effects of urbanization on the environment while generating substantial returns. As India continues to urbanize, the importance of green finance and sustainable urban planning will only continue to grow, making green bonds an attractive option for long-term investors.

The State Bank of India (SBI) has announced that it will be increasing the charges for not maintaining the average monthly balance in savings accounts. From June 1, 2025, customers who fail to maintain the required average monthly balance will be charged 6% of the shortfall. This move is expected to impact a large number of account holders, particularly those with low-balance accounts.

Currently, SBI charges a penalty ranging from ₹5 to ₹15, plus GST, for non-maintenance of the average monthly balance, depending on the type of account and the location of the branch. However, with the new charges, customers will be required to pay 6% of the shortfall amount, which could be significantly higher than the existing penalties.

The average monthly balance requirements vary across different types of SBI savings accounts. For example, customers with regular savings accounts are required to maintain an average monthly balance of ₹1,000 to ₹3,000, depending on the location of the branch. For urban areas, the requirement is ₹3,000, while for rural areas it is ₹1,000.

The bank has stated that the increased charges are aimed at discouraging customers from maintaining low-balance accounts and to encourage them to keep a minimum balance in their accounts. The move is also expected to help the bank to improve its profitability and reduce the costs associated with maintaining low-balance accounts.

It is worth noting that SBI is not the only bank to charge for non-maintenance of average monthly balance. Many other banks, including private sector lenders, also levy similar charges on their customers. However, the 6% charge announced by SBI is among the highest in the industry.

Customers who are likely to be impacted by the new charges are advised to review their account balances and ensure that they maintain the required average monthly balance to avoid the penalties. They can also consider converting their accounts to basic savings bank deposit accounts, which do not require maintenance of a minimum balance. Overall, the increased charges are likely to have a significant impact on SBI’s customers, and it remains to be seen how they will respond to the new charges.

The recent acquisition of SBI Savings Bank by Kyobo Life Insurance has sparked interest in the struggling savings bank sector in South Korea. SBI Savings Bank, which was on the verge of collapse, was taken over by Kyobo Life Insurance in a deal worth 220 billion won ($185 million USD). This move is expected to breathe new life into the savings bank industry, which has been facing numerous challenges in recent years.

The savings bank sector in South Korea has been struggling due to a combination of factors, including increased competition from larger commercial banks, poor asset quality, and a decline in deposits. Many savings banks have been forced to freeze deposits or suspend operations, leading to a loss of public trust and confidence in the sector.

However, the takeover of SBI Savings Bank by Kyobo Life Insurance is seen as a positive development, as it brings in a strong and stable investor with the resources to revamp the bank’s operations and restore public trust. Kyobo Life Insurance, one of the largest life insurers in South Korea, has a strong track record of managing assets and has pledged to inject fresh capital into SBI Savings Bank to improve its financial health.

The acquisition is also expected to have a positive impact on the broader savings bank sector, as it may encourage other strong investors to take an interest in the industry. The takeover may also lead to a consolidation of the savings bank sector, with weaker banks being acquired and merged with stronger ones, leading to a more stable and competitive industry.

Furthermore, the takeover may also lead to an increase in deposits and lending activity, as Kyobo Life Insurance’s strong brand and financial resources may attract new customers to SBI Savings Bank. This, in turn, may help to stimulate economic growth and job creation, particularly in the small and medium-sized enterprise (SME) sector, which has been a key focus area for savings banks.

Overall, the takeover of SBI Savings Bank by Kyobo Life Insurance is seen as a positive development for the struggling savings bank sector in South Korea. The acquisition brings in a strong and stable investor, which is expected to revamp the bank’s operations, restore public trust, and lead to a more stable and competitive industry. As the savings bank sector continues to evolve, it will be important to monitor the impact of this acquisition and the potential for further consolidation and growth in the industry.

The Jharkhand government has announced a new benefit for its employees, offering free accidental insurance coverage of up to ₹1 crore to those who have their salary accounts with the State Bank of India (SBI). This initiative is part of an agreement between the government and SBI, aimed at providing financial security to state employees. The insurance coverage will be provided without any premium payments from the employees.

Chief Minister Hemant Soren stated that the government is committed to the dignity, safety, and welfare of its employees, who play a crucial role in the state’s development. The new initiative is expected to boost the morale of government employees and provide a better work environment. In addition to the accidental insurance coverage, employees will also have access to various banking services related to health and life insurance without any extra charges.

Around 70,000 policemen in the state are already benefiting from this scheme, and now 1.05 lakh more employees will be eligible for the same benefits. The SBI Personal Accident Insurance scheme provides financial protection to the family in case of accidental death, injury, or permanent disability. The coverage includes 100% of the sum insured in case of accidental death, coverage for permanent disability, bone fracture assistance, ambulance charges, and child education cover.

The government’s decision to provide free accidental insurance coverage to its employees is a significant step towards ensuring their financial security. With this initiative, the Jharkhand government aims to provide a better work environment and boost the morale of its employees. The partnership with SBI will enable the government to provide a range of banking services to its employees, making it easier for them to manage their finances and access various benefits.

The SBI Personal Accident Insurance scheme is a comprehensive policy that provides financial protection to the family in case of unforeseen events. The scheme’s coverage includes a range of benefits, making it an attractive option for government employees. With the government’s commitment to providing financial security to its employees, this initiative is expected to have a positive impact on the state’s development and the well-being of its employees.

The Quantitative Aptitude section of the 2023 SBI PO Mains exam was exceptionally challenging, with many candidates finding it to be one of the toughest they have faced in recent years. The section consisted of 35 questions, with a mix of traditional topics and new question formats that made it stand out from previous years. The Data Interpretation (DI) and Arithmetic sections were particularly difficult, with complicated and time-consuming questions that required multiple steps to solve.

The DI questions featured complex caselet DIs, radar graphs, and pie charts with ratio-based logic, which were unfamiliar to many candidates. The arithmetic questions were also tricky, with long statements and extra information that required careful attention to detail. Number series and quadratic equations were presented in unusual patterns, making them confusing to solve under exam pressure.

Compared to previous years, the 2023 Quantitative Aptitude section was significantly more challenging. The 2020 exam was moderate, with common DI and arithmetic questions, while the 2021 exam was known for its extremely difficult DI sets and lengthy arithmetic. The 2022 section was also challenging, but had more structured and predictable questions. In contrast, the 2023 exam featured a mix of traditional topics with new twists, making it a unique and difficult challenge.

Experts believed that attempting around 8-10 questions with accuracy would have been considered a good performance in this section, given the high level of difficulty. The overall difficulty level was rated as tough, and many candidates reported spending a large part of their exam time on this section. The strict time pressure and need for careful interpretation and calculation added to the challenge, making the 2023 SBI PO Mains Quantitative Aptitude section one of the most difficult in recent years.

The complexity of the questions and the need for careful attention to detail made the section challenging for many candidates. The unfamiliar formats and twists on traditional topics caught many off guard, and the time pressure added to the stress. Overall, the 2023 SBI PO Mains Quantitative Aptitude section was a significant challenge for candidates, requiring careful preparation and attention to detail to navigate successfully.

SBI Life Insurance is set to release its Q4FY25 results on April 24, with early indicators suggesting a mixed performance. According to estimates, the insurer’s first-year premium (FYP) has declined by 11.4% year-on-year to approximately Rs 3,871 crore, indicating pressure in new policy subscriptions during the March quarter. However, the Annualised Premium Equivalent (APE), a key growth metric, is expected to show a modest improvement of up to 8% year-on-year, driven by a low base in the year-ago quarter and traction in high-margin non-par savings products.

Despite a stable topline, brokerages are forecasting a dip in profitability metrics. Nuvama Institutional Equities expects SBI Life to post an APE of Rs 5,740 crore, up 7.8% year-on-year but down 17.2% quarter-on-quarter. Value of New Business (VNB) is seen declining to Rs 1,480 crore, down 1.7% year-on-year and over 21% sequentially. Margins could contract to 25.7%, compared to 28.2% last year.

Yes Securities has a more conservative view, estimating flat APE at Rs 5,347 crore and VNB at Rs 1,444 crore, down 4% both year-on-year and quarter-on-quarter. However, the brokerage projects a slight 5 basis points improvement in VNB margins on the back of a favourable product mix and maintains a ‘Buy’ call with a price target of Rs 1,920.

Key areas of focus for investors will be the management’s commentary on product strategy, cost controls, and the performance of the bancassurance channel. With growth in new business premiums slowing and margins under pressure, the insurer’s plans to navigate the challenging demand environment in FY26 will be closely watched. Overall, SBI Life is likely to deliver steady APE growth, but weaker profitability metrics could weigh on sentiment post-results. The company’s ability to turn premium pressures into long-term gains will be a key monitorable.