State Bank of India (SBI) Current Affairs, GK & News

Indian Companies in 2022 Fortune 500 list

In the Fortune Global 500 list of year 2022, 9 Indian public and private companies have been added. Life Insurance Corporation (LIC) of India has been ranked at 98th position in the list, with revenue worth USD 97,266.7 million. LIC has been added to the list for the first time, after it was listed on ..

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SBICAP- MEA MoU for TDC Fund

Recently, a Memorandum of Understanding (MoU) was inked by SBICAP Ventures Limited (SVL) with Ministry of External Affairs (MEA) to set up the “Trilateral Development Cooperation Fund (TDC Fund)”. Key Facts SBICAP Ventures Limited is a subsidiary of State Bank of India (SBI). Trilateral Development Cooperation Fund will help in routing India’s commitment of around ..

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SBI: Authorisation to issue of Electoral Bonds

The Union Government authorised the State Bank of India (SBI) for issue of and encashing Electoral Bonds through its 29 Authorised Branches. What are Electoral Bonds? Electoral bonds are instruments through which anyone can donate money to political parties. Electoral Bonds are valid for fifteen calendar days from the date of issue and no payment ..

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SBI Ecowrap report on Income Inequality

The State Bank of India published its Ecowrap report on Income Inequality in India. Findings of the report According to Ecowrap report, income inequality in India has been declining since Financial Year 2017. India also did well during covid-19 pandemic, with respect to navigating income shocks across population. There is a progressive growth in output, ..

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ABG Shipyard Bank Fraud

The Central Bureau of Investigation (SB) has booked ABG Shipyard Ltd, in its biggest bank fraud case. Highlights CBI also booked its then Chairman and Managing Director Rishi Kamlesh Agarwal along with others. They have been booked for cheating a consortium of banks led by State Bank of India of more than Rs 22,842 crore. ..

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19th Tranche of Electoral Bonds Approved

Central government approved the issuance of 19th tranche of electoral bonds on December 31, 2021, ahead of assembly elections in five states. Highlights Sale of electoral bonds will be open from January 1 to 10, 2022. State Bank of India (SBI) has been authorised to issue and encash the bonds through its 29 Authorized Branches. ..

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