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SBI urges Supreme Court review to save banks as spectrum can no longer be seized

SBI urges Supreme Court review to save banks as spectrum can no longer be seized

State Bank of India has moved the Supreme Court seeking a review of a ruling that bars telecom spectrum from being treated as an asset during insolvency proceedings. SBI warns the decision could sharply weaken recovery prospects for lenders and disrupt infrastructure and telecom financing, arguing the judgment overlooks key issues banks rely on for resolution and recoveries.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
SBI to hire 3500 officers in five months while pushing women to 30 percent

SBI to hire 3500 officers in five months while pushing women to 30 percent

State Bank of India plans to recruit about 3,500 officers within the next five months to boost operations and business growth. Alongside the hiring drive, SBI aims to raise the share of women in its workforce to 30% over the next five years, backing the effort with programs designed to support women employees and expand leadership opportunities across levels.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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SBI cuts EBLR and RLLR by 25 bps giving borrowers a lower EMI from April 15 2025

SBI cuts EBLR and RLLR by 25 bps giving borrowers a lower EMI from April 15 2025

After the RBI’s repo rate cut, SBI has reduced its EBLR and RLLR lending rates by 25 basis points. The change is set to take effect from April 15, 2025. MCLR rates will remain unchanged, so the impact on EMIs will depend on whether your loan is linked to EBLR or RLLR.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
SBI Funds IPO may launch next week targeting up to 1.5 billion dollars raising

SBI Funds IPO may launch next week targeting up to 1.5 billion dollars raising

SBI Funds Management is reportedly preparing to kick off its IPO as early as next week, seeking to raise up to $1.5 billion. About three quarters of the share sale would be reserved for domestic investors, while the company is also reportedly exploring a pre-IPO placement that could reach $350 million.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
SBI Yono users report OTP SMS failures disrupting authentication for payments and logins

SBI Yono users report OTP SMS failures disrupting authentication for payments and logins

State Bank of India says some customers are experiencing temporary disruptions to OTP and SMS services on the YONO app, affecting transactions that require authentication. The bank expects services to be fully restored by 5:45 PM on April 17, 2026, and advises users to switch to other digital banking channels in the meantime. Similar issues were reported on April 16.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
SBI shares surge to record high as investors gain Rs 15000 crore in two days

SBI shares surge to record high as investors gain Rs 15000 crore in two days

State Bank of India shares extended their rally, climbing more than 9% over the past two days on the BSE and pushing the stock to a record high. The move translated into a staggering gain for investors, with wealth rising by about Rs 15,000 crore in just a short span—fueling fresh interest in the banking counter.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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SBI Chairman says finance’s next 25 years hinge on intelligent scale and AI

SBI Chairman says finance’s next 25 years hinge on intelligent scale and AI

SBI Chairman highlights that financial markets will move beyond mere growth toward “intelligent scale,” powered by AI for smarter risk management and operational efficiency. He also points to deeper global integration and the rise of digital assets. In parallel, the Reserve Bank of India has eased offshore non-deliverable forward trading restrictions, aiming to bolster rupee internationalization as volatility steadies.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Public bank recruitment exams overhaul announced with SBI results first to cut attrition

Public bank recruitment exams overhaul announced with SBI results first to cut attrition

The Finance Ministry has revised recruitment examination and result-declaration timelines for public sector banks to streamline processes and boost transparency. Under the new sequence, SBI will announce results first, followed by nationalised banks, and then regional rural banks. The change is intended to reduce candidate attrition and support better workforce planning across these institutions.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Yes Bank rescue made SBI rich but AT1 bondholders got nothing — will rules change

Yes Bank rescue made SBI rich but AT1 bondholders got nothing — will rules change

Yes Bank’s 2020 bailout restored stability, but rewards and losses were uneven. SBI converted an INR 2,450 crore lifeline into roughly a 3.6x gain, while retail AT1 bondholders were wiped out and still haven’t been compensated. The episode questions how India protects investors when systemic safety comes first—and whether the balance will shift.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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