SBI

Gaining over 325 points (0.64%), India' benchmark BSE Sensex touched a new all-time high record of 51,000-point mark on February 5 just ahead of the monetary policy announcement by the RBI. While the State Bank of India, IndusInd Bank, Kotak Mahindra Bank, Titan and Maruti Suzuki emerged as top gainers, the Power Grid Corporation of India, Bharti Airtel and M&M among others faced losses. Besides, the Nifty 50 has also touched the 15,000-… read-more

The Reserve Bank of India has issued a notice cautioning its customers against a new fraud calls from banks' toll-free numbers. The RBI stated that fraudsters use phone numbers similar to banks to dupe the customers. Besides, they would register these mobile numbers in banks' name on caller identification apps like TrueCaller. The Apex Bank has urged the consumers to reconfirm before sharing any confidential details of the bank account.

Banks including SBI, IOB, and Union Bank of India have flagged Anil Ambani-owned Reliance Group entities - Reliance Communications, Reliance Infratel, and Reliance Telecom - as fraudulent. Reportedly, the banks are likely to launch an investigation into the transactions from the accounts of the companies. While banks state that Anil's Reliance owes about Rs 86,188 crore, the company's official website sites Rs 49,193 crore as due. 

To promote digital transactions and help safe commute during the pandemic, the Delhi Metro Rail Corporation, partnering with SBI, has launched the "Delhi Metro-SBI Card". The card can be used as a normal credit card as well as a smart card for metro travels. It offers an auto top-up facility, whenever balance goes below Rs 100. Commuters can get the card through SBI portal or kiosks installed at metro stations.

PM Cares Fund received Rs 204.75 crore through salary contributions by the staff of institutions including seven public sector banks and RBI, according to reports. Through RTI, it was revealed that apart from the contribution by the employees, there were donations made from other funds like Corporate Social Responsibility (CSR) as well. The contributions included Rs 113.63 crore by LIC, Rs 107.95 crore by SBI, and Rs 7.34 crore by RBI.