The FinTech Hub
Source: Live Mint The chairman of State Bank of India (SBI), C.S. Setty, announced that the bank will not charge any commission under its new ‘Jan Nivesh’ scheme. The initiative, aimed at furthering financial inclusion across India, is a significant step toward empowering underserved segments of the population with the tools to invest and save….
Source: Live Mint The combined market valuation of eight of the 10 most valued domestic firms eroded by ₹2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day…
Source: Live Mint A new credit card fraud is in the works where scammers are posing as employees of the State Bank of India, asking unsuspecting customers to avail an offer to increase their credit limits. A Reddit user with the ID Fresh_Journalist5116 flagged the new scam, saying that his father almost fell for it….
Source: Live Mint In the budget speech of 2025, the Finance Minister of India, Nirmala Sitharaman made numerous announcements. Some of the key announcements were for example no income tax till ₹12 lakh income when taking in account the ₹75,000 standard deduction. Further, a slew of changes in TDS and TCS. Along with the same…
Source: Live Mint The share price of State Bank of India (SBI) witnessed 1.58 per cent decline to close at ₹753.95 on Thursday’s trading session even after the public sector bank robust results for the December quarter. SBI, on February 6, posted 84 per cent year-on-year (YoY) jump in its net profit for the quarter…
Source: Live Mint In a recent note, brokerage house Motilal Oswal Financial Services (MOSL) stated that a slowdown in consumption and commodity weakness have weighed on corporate earnings, even as sectors such as BFSI, Healthcare, Capital Goods, and Technology delivered strong performances. However, the government’s shift from capital expenditure to consumption in its latest budget…
Source: Live Mint Buy or sell: This week, the Nifty index witnessed a remarkable rally of nearly 1,000 points, surging from 22,700 to 23,700. The primary catalyst behind this uptrend was the Union Budget 2025, which focused on boosting consumption in the economy. The budget introduced several favorable measures for middle-income salaried individuals, increasing disposable…
Source: Live Mint The increasing integration of Artificial Intelligence and Gen AI with the financial sector has the potential to foster innovation and transform the banking sector in the coming years, SBI Chairman C S Setty said on Friday. Setty also said the rising digital economy and its influence on the Indian banking sector can…
Source: Live Mint If you own a credit card, it is essential to pay bills on time to avoid interest and other related fees. India’s biggest bank, the State Bank of India, offers credit cards in multiple categories. Some of the credit cards offered by SBI are SBI Simply Save, SBI Simply Click, Cashback SBI…
Source: Live Mint Shares of the State Bank of India (SBI) rose by nearly 2 per cent during Thursday’s trading session following the announcement of the date for releasing its quarterly financial results for the period ending December 31, 2024. “We inform that a meeting of the Central Board of the Bank will be held…
