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State Bank of India

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Banking, Fintech & Insurance 15 Nov 2026, 02:00 PM IST

SBI Hunts for Weak Links After Suspected Cyberattack Exposes 3,897 Customer Records

State Bank of India is investigating a suspected cyberattack after customer information linked to 3,897 records surfaced on the dark web, prompting an internal effort to contain the breach and identify the vulnerability. The bank says root cause analysis is still under way as it works to determine the scope of exposure, including names, contact details and loan-related records.

By RDU Global Wire5 min read
Banking, Fintech & Insurance15 Nov 2026, 08:00 AM IST

IFC Extends $150 Million Credit Line to SBI in First Investment in an Indian State-Owned Bank

The International Finance Corporation has extended a $150 million social loan to State Bank of India to expand agricultural financing for about 864,000 rural women, marking its first investment in an Indian state-owned bank. The deal also includes IFC’s first domestic cross-currency swap with an Indian bank, with SBI becoming its first local swap counterparty in South Asia.

5 min readRead →
Banking, Fintech & Insurance14 Nov 2026, 08:00 PM IST

IFC Extends $150 Million Credit Line to SBI in First Investment in an Indian State Bank

The International Finance Corporation has extended a $150 million social loan to State Bank of India to expand agricultural financing for about 864,000 rural women, marking its first investment in an Indian state-owned bank. The deal also includes IFC’s first domestic cross-currency swap with an Indian bank, with SBI becoming its first local swap counterparty in South Asia.

5 min readRead →
Banking, Fintech & Insurance13 Nov 2026, 08:00 PM IST

Sensex, Nifty Turn Choppy as Heavyweights Diverge; Hind Zinc, SBI and Force Motors Draw the Most Action

Indian equities were volatile in late trade on Thursday as benchmark indices wobbled under mixed sectoral pressure, with select heavyweights cushioning losses even as broader sentiment stayed cautious. Asian Paints, SBI, Tata Motors, HUL and Maruti Suzuki led the gainers on the Sensex, while ONGC, Axis Bank, Mahindra & Mahindra, Bajaj Auto and Hero MotoCorp were among the major laggards.

5 min readRead →
Banking, Fintech & Insurance11 Nov 2026, 08:00 PM IST

Sensex, Nifty Turn Wobbly as Heavyweights Diverge; Hind Zinc, SBI and Force Motors Draw Active Trade

Indian equities were uneven in late trade on Tuesday, with the Sensex and Nifty struggling for direction as investors rotated between defensives, financials and auto names. Asian Paints, SBI, Tata Motors, HUL and Maruti Suzuki led the gainers, while ONGC, Axis Bank, Mahindra & Mahindra, Bajaj Auto and Hero MotoCorp came under pressure.

5 min readRead →
Banking, Fintech & Insurance10 Nov 2026, 05:00 PM IST

PSBs Could Attract Up to Rs 30,000 Crore If Foreign Cap Rises to 49%

Public sector banks have told the government that lifting the foreign investment cap in state-run lenders to 49% from 20% could trigger passive inflows of Rs 30,000 crore or more, according to people familiar with the discussions. State Bank of India alone could see about Rs 20,000 crore in inflows if its MSCI India index weight rises, underscoring the scale of potential portfolio demand.

5 min readRead →
Banking, Fintech & Insurance09 Nov 2026, 08:00 PM IST

SBI-Led Banking Alliance Builds Cyber Defence for the AI Era

India’s banking industry is moving to harden its cyber defences as artificial intelligence accelerates both the scale and sophistication of digital threats. Led by State Bank of India through the Indian Banks’ Association, lenders are developing a coordinated security strategy focused on faster information sharing and stronger collective response mechanisms.

5 min readRead →
Banking, Fintech & Insurance09 Nov 2026, 08:00 AM IST

IFC Extends $150 Million Credit Line to SBI in First Investment in an Indian State Bank

The International Finance Corporation has extended a $150 million social loan to State Bank of India to expand agricultural financing for about 864,000 rural women, marking its first investment in an Indian state-owned bank. The deal also includes IFC’s first domestic cross-currency swap with an Indian bank, with SBI becoming its first local swap counterparty in South Asia.

5 min readRead →
Banking, Fintech & Insurance08 Nov 2026, 08:00 PM IST

SBI-Led Banking Alliance Builds Cyber Defence for the AI Era

An Indian Banks' Association initiative led by State Bank of India is taking shape to strengthen cybersecurity coordination across the banking system as artificial intelligence accelerates both opportunity and risk. The effort aims to improve information sharing among lenders and create a faster collective response to emerging cyber threats in an increasingly digital financial landscape.

5 min readRead →
Banking, Fintech & Insurance08 Nov 2026, 08:00 AM IST

Sensex, Nifty Trade Uneven as Hind Zinc, SBI and Force Motors Draw Heavy Activity

Indian equities opened on a mixed note in early trade, with benchmark indices struggling for clear direction as investors rotated across banking, auto and consumer names. Asian Paints, SBI, Tata Motors, Hindustan Unilever and Maruti Suzuki were among the notable gainers in the Sensex pack, while ONGC, Axis Bank, Mahindra & Mahindra, Bajaj Auto and Hero MotoCorp lagged.

5 min readRead →
Banking, Fintech & Insurance06 Nov 2026, 05:00 PM IST

SBI-Led Banking Alliance Builds Cyber Defence as AI Threats Intensify

India’s banking industry is moving to strengthen its cyber defences as artificial intelligence accelerates both digital innovation and attack sophistication. Led by State Bank of India under the Indian Banks’ Association, the initiative aims to improve coordination among lenders and speed up information sharing on emerging threats.

5 min readRead →
Banking, Fintech & Insurance06 Nov 2026, 08:00 AM IST

SBI’s Setty Sees Another 50 bps of Rate Hikes, Says Retail Loan Quality Should Hold

State Bank of India Chairman C. S. Setty said the central bank may deliver another 50 basis points of rate hikes in December before pausing in February, a path that could temper discretionary consumption but is unlikely to materially weaken retail asset quality. His comments suggest India’s largest lender sees household credit stress as contained even as borrowing costs rise further. Setty also pointed to a refreshed Yono app strategy aimed at Jan Dhan account holders, underscoring SBI’s push to deepen digital banking at the mass retail level.

5 min readRead →
Banking, Fintech & Insurance05 Nov 2026, 08:00 AM IST

SBI Launches Cyber Centre of Excellence, Plans Security Training for 180,000 Staff

State Bank of India has opened a cyber Centre of Excellence, CyRIS, as it steps up its digital risk preparedness amid rising threats to the banking sector. The bank said the initiative will anchor advanced capability building across threat intelligence, cyber defence, digital forensics, malware analysis, ethical hacking, fraud analytics, AI security and quantum-safe technologies, while training 1.8 lakh employees in cybersecurity.

5 min readRead →
Banking, Fintech & Insurance02 Nov 2026, 02:00 PM IST

SBI Launches Cybersecurity Centre, Plans Training for 180,000 Staff

State Bank of India has opened a cybersecurity Centre of Excellence, CyRIS, and said it will train about 180,000 employees as the lender deepens its digital risk defences. The initiative underscores how India’s largest bank is moving to harden operations against rising fraud, malware, and AI-driven threats across its vast retail and corporate network.

5 min readRead →
Banking, Fintech & Insurance01 Nov 2026, 08:00 PM IST

Sensex, Nifty Turn Wobbly as Heavyweights Diverge; Hind Zinc, SBI and Force Motors Draw the Most Action

Indian equities ended a choppy session with benchmark indices struggling for direction as investors rotated between defensives, financials and autos. Asian Paints, SBI, Tata Motors, HUL and Maruti Suzuki led the gainers on the Sensex, while ONGC, Axis Bank, M&M, Bajaj Auto and Hero MotoCorp came under pressure, underscoring a market still searching for conviction.

5 min readRead →
Banking, Fintech & Insurance01 Nov 2026, 08:00 AM IST

SBI Sees Another 50 bps of Rate Hikes, Flags Limited Stress on Retail Loans

State Bank of India Chairman C.S. Setty said the central bank may deliver another 50 basis points of rate hikes, with a December increase likely followed by a pause in February. He said the move could soften discretionary consumption, but retail asset quality at the system level is expected to remain stable. Setty also outlined plans for a new version of SBI’s Yono app targeted at Jan Dhan account holders.

5 min readRead →
Banking, Fintech & Insurance30 Oct 2026, 05:00 PM IST

SBI Probes Dark Web Leak of 3.8 Lakh Customer Records

State Bank of India is investigating a suspected data breach after customer information reportedly surfaced on the dark web, exposing about 375,000 records. The bank has activated its cybersecurity protocols, engaged external experts and said its core operations and financial performance remain unaffected while it assesses the scope of the incident.

5 min readRead →
Banking, Fintech & Insurance26 Oct 2026, 05:00 PM IST

SBI’s CS Setty Sees Credit Demand Cooling as Rates Rise, Flags 50 bps Hike in December

State Bank of India Chairman CS Setty said higher interest rates are likely to moderate credit demand, especially in discretionary and other rate-sensitive segments, as borrowers adjust to a tighter monetary environment. He expects the Reserve Bank of India to deliver another 50 basis points repo rate increase in December before pausing, while stressing that there are no system-level concerns in retail asset quality.

5 min readRead →
Banking, Fintech & Insurance25 Oct 2026, 05:00 PM IST

SBI Investigates Dark Web Leak of 3.8 Lakh Customer Records

State Bank of India is investigating a suspected data breach after customer information reportedly surfaced online, exposing about 375,000 records containing personally identifiable data. The bank says it has activated cybersecurity protocols, brought in external experts and found no impact on its core operations or financial performance so far.

6 min readRead →
Banking, Fintech & Insurance23 Oct 2026, 05:00 PM IST

SBI Alerts Customers After Cyber Incident, Says Funds Remain Safe

State Bank of India has begun notifying customers potentially affected by a recent cyber incident after cybersecurity agencies flagged possible data exposure. The bank said account balances and funds remain secure, while investigators identified 3,897 records containing personal customer information.

5 min readRead →
Banking, Fintech & Insurance23 Oct 2026, 08:00 AM IST

Hackers Claim Access to 3.75 Lakh SBI Accounts in Alleged Data Breach

A threat actor has claimed access to data linked to 375,000 State Bank of India accounts, according to a disclosure circulating in cybercrime monitoring circles. The authenticity, origin and full scope of the alleged exposure remain unverified, but security analysts warn that even partial banking data can be exploited for identity theft, phishing and fraudulent loan attempts if the claim proves accurate.

5 min readRead →
Banking, Fintech & Insurance21 Oct 2026, 08:00 AM IST

Supreme Court Ruling Reopens YES Bank’s ₹8,415-Crore AT1 Bond Wound

YES Bank’s long-running reconstruction has been jolted by a Supreme Court-backed ruling that upheld the quashing of its ₹8,415-crore additional tier-1 bond write-off, reviving a dispute that had been treated as largely settled. The outcome could affect the lender’s capital position, earnings trajectory and bondholder claims, with the eventual financial impact hinging on how the decision is implemented.

6 min readRead →
Banking, Fintech & Insurance16 Oct 2026, 08:07 AM IST

SBI-Led Lenders Say Vijay Mallya Still Owes Rs 8,752 Crore

A consortium of lenders led by the State Bank of India has said Vijay Mallya still owes Rs 8,752 crore, even after recoveries of more than Rs 10,270 crore through repayments and asset sales. The disclosure complicates Mallya’s long-running claim that he has settled his bank dues, while legal proceedings over recovery and criminal liability continue.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 05:44 PM IST

Sensex, Nifty Turn Wobbly as Heavyweights Diverge; Hind Zinc, SBI and Force Motors Draw Active Trade

Indian equities traded unevenly in afternoon business on Wednesday, with benchmark indices struggling for clear direction as sector rotation and stock-specific moves dominated sentiment. Asian Paints, SBI, Tata Motors, HUL and Maruti Suzuki led gainers in the Sensex pack, while ONGC, Axis Bank, M&M, Bajaj Auto and Hero MotoCorp were among the major laggards.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 12:36 PM IST

Sensex, Nifty Trade Uneven as Hind Zinc, SBI and Force Motors Draw Heavy Activity

Indian equities were mixed in late-morning trade at 12:36 PM IST, with benchmark indices wobbling as investors rotated across banks, autos and consumer names. Hindustan Zinc, State Bank of India and Force Motors emerged among the most active counters, while Asian Paints, SBI, Tata Motors, HUL and Maruti Suzuki featured among the Sensex gainers and ONGC, Axis Bank, M&M, Bajaj Auto and Hero MotoCorp lagged.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 11:34 AM IST

Deposit Rate Hikes Unlikely for Three Months, SBI Chairman C S Setty Says as Liquidity Eases Pressure on Banks

State Bank of India Chairman C S Setty said banks are unlikely to raise deposit rates for the next three months, citing ample system liquidity as a key buffer. He also said credit growth should remain resilient at 14% to 15% over time, while stressing that lenders must preserve positive real returns for depositors as inflation persists.

5 min readRead →
Banking, Fintech & Insurance08 Oct 2026, 04:48 PM IST

SBI Chief Sees No Deposit Rate Hikes for Three Months as Liquidity Supports Margins

State Bank of India Chairman C S Setty said deposit rates are unlikely to rise over the next three months, citing ample system liquidity as the main reason. He also said credit growth should remain resilient at 14% to 15% over time, while stressing that banks must preserve positive real returns for savers as inflation stays elevated.

6 min readRead →
Banking, Fintech & Insurance08 Oct 2026, 06:11 AM IST

SBI-Led Lenders Say Vijay Mallya Still Owes Rs 8,752 Crore After Recoveries

A consortium of lenders led by the State Bank of India has said fugitive businessman Vijay Mallya still owes Rs 8,752 crore, even after recovering more than Rs 10,270 crore through repayments and asset sales. The disclosure intensifies scrutiny over Mallya’s repeated claims that he has settled his bank debts, while court proceedings and criminal cases tied to the long-running Kingfisher Airlines collapse continue.

5 min readRead →
Banking, Fintech & Insurance08 Oct 2026, 05:02 AM IST

SBI-Led Lenders Say Vijay Mallya Still Owes Rs 8,752 Crore After Recoveries

A consortium of lenders led by the State Bank of India has said fugitive businessman Vijay Mallya still owes Rs 8,752 crore, even after recoveries exceeding Rs 10,270 crore through repayments and asset monetisation. The disclosure complicates Mallya’s repeated claims that his bank debts have been settled and keeps the long-running recovery and criminal proceedings firmly alive.

5 min readRead →
Banking, Fintech & Insurance07 Oct 2026, 06:23 PM IST

Sensex, Nifty Turn Choppy as Heavyweights Diverge; Hind Zinc, SBI and Force Motors Draw the Most Action

Indian equities traded unevenly in afternoon trade on Friday, with benchmark indices struggling for direction as investors rotated between defensives and cyclicals. Asian Paints, SBI, Tata Motors, HUL and Maruti Suzuki led the Sensex gainers, while ONGC, Axis Bank, M&M, Bajaj Auto and Hero MotoCorp were among the major laggards.

4 min readRead →
Banking, Fintech & Insurance07 Oct 2026, 05:06 AM IST

SBI Bets on Digital-First Growth as Setty Flags Rs 200 Lakh Crore Ambition by 2030

State Bank of India is sharpening its growth strategy around digital banking, deeper customer engagement and stronger consumer protection, according to chairman C S Setty. The lender, which is marking its platinum jubilee, sees its total business potentially rising to Rs 200 lakh crore by 2030 if it can sustain scale, trust and technology-led efficiency.

6 min readRead →
Banking, Fintech & Insurance06 Oct 2026, 11:51 AM IST

Sensex, Nifty Trade Uneven as Hind Zinc, SBI and Force Motors Draw Heavy Activity

Indian equities were mixed in morning trade at 11:51 AM IST, with benchmark indices wobbling as investors rotated across banks, autos and consumer names. Hindustan Zinc, State Bank of India and Force Motors emerged among the most active counters, while Asian Paints, SBI, Tata Motors, HUL and Maruti Suzuki led the Sensex gainers and ONGC, Axis Bank, M&M, Bajaj Auto and Hero MotoCorp lagged.

5 min readRead →
Banking, Fintech & Insurance06 Oct 2026, 11:01 AM IST

SBI Sees Cash-Flow Lending as Key to Financing New-Age Sectors

State Bank of India is increasingly viewing cash-flow-based lending as a critical financing tool for emerging industries such as EVs, mobility and other technology-led businesses. The bank says traditional collateral models often fall short for these sectors, making deeper assessment of technology, revenue visibility and business durability essential to credit decisions.

5 min readRead →
Banking, Fintech & Insurance06 Oct 2026, 12:27 AM IST

SBI-Led Lenders Say Vijay Mallya Still Owes Rs 8,752 Crore Despite Recoveries

A consortium of lenders led by the State Bank of India has told the court that businessman Vijay Mallya still owes Rs 8,752 crore, even after recoveries exceeding Rs 10,270 crore through asset sales and other payments. The disclosure sharpens the dispute over Mallya’s repeated claims that he has settled his bank dues, while criminal and recovery proceedings continue in parallel.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 11:24 PM IST

SBI-Led Lenders Say Vijay Mallya Still Owes Rs 8,752 Crore After Recoveries

A consortium of lenders led by the State Bank of India has said fugitive businessman Vijay Mallya still owes Rs 8,752 crore, even after recoveries of more than Rs 10,270 crore through repayments and asset sales. The disclosure sharpens the long-running dispute over whether Mallya has settled his liabilities, while court proceedings and enforcement actions continue in parallel.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 08:07 PM IST

SBI Sees Surplus Potential as New UPI MDR Kicks In for High-Value Payments

State Bank of India expects to generate surplus revenue from the new merchant discount rate on UPI transactions above Rs 2,000, citing its scale in card issuance and payment gateway services. The bank will begin charging MDR from October 15 and is assessing how transaction splitting may affect volumes and system behaviour.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 07:23 PM IST

Cash-Flow Lending Set to Gain Weight in New-Age Sectors, SBI Executive Says

Cash-flow-based lending is emerging as a critical financing model for new-age sectors such as electric mobility, where conventional collateral is often limited or absent. A senior State Bank of India executive said lenders are deepening their understanding of technology, revenue visibility and project economics to support such businesses more effectively.

4 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 02:43 PM IST

SBI, Bank of Baroda and Canara Bank Urge Customers to Finish Branch Work Before Proposed September Strike

State Bank of India, Bank of Baroda and Canara Bank have advised customers to complete urgent branch-based transactions in advance of a proposed bank strike scheduled from September 28 to 30, 2026. The lenders said digital and self-service channels should be used during the period, signalling possible disruption to counter services if the industrial action goes ahead.

4 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 06:47 AM IST

SBI-Led Lenders Say Vijay Mallya Still Owes Rs 8,752 Crore After Recoveries

A consortium of lenders led by the State Bank of India has told a court that businessman Vijay Mallya still owes Rs 8,752 crore, even after recoveries exceeding Rs 10,270 crore through asset sales and other payments. The disclosure sharpens the legal and financial scrutiny around Mallya’s long-running debt case, while authorities maintain that recovered money does not erase criminal proceedings.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 05:26 AM IST

SBI, Bank of Baroda and Canara Bank Urge Customers to Finish Branch Work Ahead of Proposed September Strike

State Bank of India, Bank of Baroda and Canara Bank have advised customers to complete urgent branch-based transactions in advance of a proposed bank strike scheduled from September 28 to 30, 2026. The lenders said digital and self-service channels should be used during the period, as the industry braces for possible disruption to in-branch services.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 04:45 AM IST

SBI-Led Lenders Say Vijay Mallya Still Owes Rs 8,752 Crore

A consortium of lenders led by the State Bank of India has said fugitive businessman Vijay Mallya still owes Rs 8,752 crore, even after more than Rs 10,270 crore has been recovered through repayments and asset realisations. The disclosure complicates Mallya’s long-running claim that he has settled his bank dues, while court and enforcement proceedings over recovery and criminal liability continue.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 03:17 AM IST

SBI-Led Lenders Say Vijay Mallya Still Owes Rs 8,752 Crore Despite Massive Recoveries

A consortium of lenders led by the State Bank of India has told authorities that businessman Vijay Mallya still owes Rs 8,752 crore, even after recoveries exceeding Rs 10,270 crore through repayments and asset sales. The disclosure complicates Mallya’s long-running claim that he has settled his bank dues, while related court proceedings and criminal cases continue.

5 min readRead →
Banking, Fintech & Insurance04 Oct 2026, 11:07 PM IST

SBI Sees Surplus Opportunity as New UPI MDR Kicks In for High-Value Payments

State Bank of India expects to generate surplus revenue from the new merchant discount rate on UPI transactions above Rs 2,000, citing its scale in card issuing and payment gateway services. The bank will begin charging the fee from October 15 and is assessing how transaction splitting could affect volumes and system behaviour.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside State Bank of India:

New Delhi(84)India(55)C S Setty(19)Hindustan Zinc(14)Vijay Mallya(13)Force Motors(13)