SBI revises fixed deposit rates on select maturities
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Mumbai: State Bank of India (SBI) on Tuesday adjusted interest rates offered on fixed deposits across some maturities.
The country’s largest lender raised deposit rates for deposits between 180 days and 210 days from 7% to 7.25%. For deposits from one year to less than three years, SBI has brought down its interest rate to 8.75% compared with 9% offered earlier, the bank said in a filing with exchanges.
At 11.20am, shares of SBI were trading at Rs.2,626 apiece, up 0.07%. The BSE Sensex was trading at 26,787, down 0.11%.
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Maharashtra Deputy Chief Minister and NCP head Ajit Pawar on Monday said discussions were underway among the Mahayuti partners to finalise a formula for the new government formation in the state.
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A day after violence rocked Uttar Pradesh's Sambhal, Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday said the BJP's use of power to create a rift between Hindus and Muslims was neither in the interest of the state nor the country.
He also urged the Supreme Court to intervene in the matter as soon as possible.
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The Karnataka High Court has dismissed a petition seeking quashing of an FIR against two individuals accused of defrauding e-commerce giant Amazon of over Rs 69 lakh.
Justice M Nagaprasanna described the case as an example of modern age crime.
The petitioners, Sourish Bose and Deepanvita Ghosh, had sought to have the FIR and a magistrate court's order taking cognisance of the case set aside.
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India’s Adani Group said it has enough cash flows to service debt obligations, as it sought to reassure creditors after a US bribery probe against founder Gautam Adani triggered a selloff in the conglomerate’s stocks and bonds.
Cash balances exceed long-term debt repayments for the next 28 months, while portfolio level cash balances were at $6.33 billion, the port-to-power conglomerate said in a report for the first six months of the financial year ending March 2025 released Monday.
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