State Bank of Indi

Inflation likely around 0.45 pc next month, time for decisive RBI actions: SBI

"RBI, with its primary mandate of inflation targeting, runs the risk of missing the bull's eye if it remains fixated on market cacophony even when the deceleration in inflation has been way too evident and long term actuals, in general, seem quite detached from the figures released by the Central Bank in its own forecasters' assessment," Ghosh argued. 26 days ago
Gold prices rise to 3-month high on back of safe-haven demand

Gold prices may touch Rs 1.3 lakh this Dhanteras, Rs 1.5 lakh likely by 2026

On the Multi Commodity Exchange (MCX), gold prices have already touched Rs 1,22,284 per 10 grams for the December contract this week. Analysts said the rally is being driven by global economic uncertainty, geopolitical tensions, and rising hopes of interest rate cuts by the US Federal Reserve. 27 days ago
ED arrests Reliance Power CFO Ashok Kumar Pal in money laundering case

ED arrests Reliance Power CFO Ashok Kumar Pal in money laundering case

On June 13 this year, SBI tagged the loan accounts of Reliance Communications (RCom) and its promoter, Anil Ambani, as fraudulent. The bank cited diversion of funds, breach of covenants and related-party transactions as the reasons behind its decision, approaching the Central Bureau of Investigation (CBI) for action. 29 days ago