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Thursday, Jun 5, 2025
The SBI rate cut follows the Reserve Bank's 25 basis point cut in April for the second time in a row.
SBI said there was a 7.7 per cent increase in the Interest Income at ₹1,19,666 crore in the fourth quarter of 2025.
The affected digital platforms include Internet Banking, YONO, and UPI.
The financial intelligence wing of the bank declined the transaction after finding something suspicious in the recipient's account.
Senior citizens would be eligible for additional 50 basis points on the revised rates.
On March 18, the apex court told the SBI to stop being "selective" and make "complete disclosure" of all details related to the electoral bonds scheme by March 21.
The failed attempted at the ATM in Valakom was caught on CCTV.
Last week, the top court had issued a notice to the country's largest bank to explain the reasons for non-disclosure of unique alpha numeric numbers.
SC says SBI should have disclosed the unique alpha-numeric numbers of the electoral bonds received by political parties.
The parties that redeemed electoral bonds include the BJP, Congress, AIADMK, BRS, Shiv Sena, etc.
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