Bharat Express

State Bank of India

State Bank of India (SBI), the country's largest lender, has raised its benchmark MCLR by 5 to 10 basis points, effective July 15.

SBI, India's largest public sector bank, plans to raise up to Rs 20,000 crore via long-term bonds in FY 2024-25.

SBI is the second largest credit card issuer in the country, with a user base of over 18 million cards.

SBI submitted the above information to the Election Commission one and a half hour before the Supreme Court's deadline.

The SBI submitted a compliance affidavit in the electoral bonds case on Wednesday, following its submission of all electoral bond details to the Election Commission as directed by the SC.

The bench said," SBI is directed to disclose the details by the close of business hours of March 12."

In addition to the plea seeking an extended deadline, the bench led by Chief Justice of India DY Chandrachud will also address a separate petition seeking contempt action against SBI in the same case.

SBI Seeks SC Deadline Extension to Disclose Electoral Bonds Info to Election Commission. Court Had Ordered Details by March 6, Publication by March 13.

In Asian markets, Seoul and Shanghai were up, while Tokyo and Hong Kong were down

In addition to the robust profit figures, the bank's net interest income (NII) for the quarter ended September 2023 witnessed substantial growth, surging by 12.3 per cent YoY to reach Rs 39,500 crore.