State Bank of India in the news

State Bank of India's stock price rose 2.03% to INR 959.10 on October 9, 2026, trading below its yearly high with lower than average volume.

A college employee in Ahmedabad lost over Rs 3 lakh to cyberfraud after downloading a fake SBI Card update APK from WhatsApp, leading to unauthorized bank and credit card transactions.

A State Bank of India report recommends that the RBI widen the LAF corridor and consider an early, significant rate hike to stabilize financial markets amid global uncertainty.

Indian banking stocks, including SBI, rallied after Goldman Sachs revised price targets and investors assessed the impact of the RBI's recent repo rate hike on lending rates and bank profits.

State Bank of India was ordered to refund Rs 42.92 lakh with interest and pay Rs 1 lakh compensation to a senior citizen due to unauthorized withdrawals enabled by unverified changes to her account details.

State Bank of India's chairman indicated that deposit rates will likely remain stable for the next few months due to sufficient liquidity, while RBI rate hikes are expected to positively impact net interest margins for several quarters.

State Bank of India was ordered by the District Consumer Disputes Redressal Commission, Rajkot, to refund Rs 1,59,999 to a customer after unauthorized AePS withdrawals occurred despite the customer only using cheques.

Jefferies named State Bank of India a top stock pick among large-cap banks, setting a target price of INR 1,320 due to its strong Q1 FY27 financial performance and potential benefits from rising interest rates.

SBI Chairman C S Setty forecasts no deposit rate increases for the next three months due to sufficient liquidity and the RBI's recent rate hike supporting net interest margins.

A Christian forum in Arunachal Pradesh claims SBI's digital banking software discriminates by automatically classifying Christians as 'General' instead of allowing them to select 'Scheduled Tribe' during account opening or KYC updates.

State Bank of India will not immediately increase deposit interest rates for customers despite the RBI raising the repo rate, meaning no immediate higher returns for depositors.

Bank of Baroda has become the second public sector bank to enter the pension fund business, joining SBI, to expand the National Pension System (NPS) and target new subscribers.

A forum in Arunachal Pradesh has flagged State Bank of India for allegedly misclassifying Scheduled Tribe Christians as 'General' on its digital platforms, causing account opening and KYC update issues.

Landmark Group obtained ₹330 crore in construction finance from SBI for its Landmark One commercial project in Gurugram.

The Arunachal Christian Forum accuses State Bank of India of discriminatory software practices that prevent Christian Scheduled Tribe members from selecting their tribal status when opening accounts or updating KYC.

State Bank of India (SBI) was ordered by a consumer commission to refund ’1.59 lakh with interest and pay litigation costs to a senior citizen due to unauthorized AePS withdrawals from his account.

State Bank of India's stock dipped slightly, but the bank reported strong Q1 FY27 revenue and profit growth with a 'Strong Buy' analyst consensus.

The Patna High Court overturned State Bank of India's decision to consider an employee's job voluntarily vacated, citing the bank's failure to properly assess medical leave and provide a fair hearing.

A State Bank of India report indicates that NEET UG ranks as the world's fifth-largest examination by applicant volume and proposes reforms for India's examination system, including the National Testing Agency.

The Calcutta High Court quashed garnishee orders against State Bank of India, ruling that the bank was improperly deemed a defaulter for not remitting ESI dues from an inoperative customer account.