State Bank of India

India reports higher GDP despite downbeat speculations

India reports higher GDP despite downbeat speculations

March 3, 2017

Economists are bewildered as India reports a growth of 7 pc in annual gross domestic product (GDP) during the last quarter of 2016, despite a major cash crackdown.

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Union Budget 2017: India on the path of remonetisation

Union Budget 2017: India on the path of remonetisation

February 3, 2017

After the Indian government has started wheeling the remonetisation mechanism enduringly, banks and ATMs are witnessing a flow of currency. However, the authorities are urge the citizens to go cashless and it was reflected on the budget this year, which was centralised at spendin...

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Gandhi goes missing on INR 2,000 notes in Madhya Pradesh

Gandhi goes missing on INR 2,000 notes in Madhya Pradesh

January 5, 2017

While Mahatma Gandhi turned his face on the new legal bills of India, a batch of the INR 2,000 notes was found from where the father of the nation literally disappeared.

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Who will replace Raghuram Rajan, as Governor of Reserve Bank of India?

Who will replace Raghuram Rajan, as Governor of Reserve Bank of India?

June 27, 2016

After a series of tirades launched by Dr Subramanian Swamy, BJP Rajya Sabha (Upper House) member recently against him, Raghuram Rajan, the Governor of Reserve Bank of India decided not to seek a second term in office.

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India passes the proposal for Indian Post Payment Bank

India passes the proposal for Indian Post Payment Bank

June 4, 2016

Immediately after the Indian Union cabinet passed the proposal for Indian Post Payment Bank (IPPB), it created ripples in the Indian market. Various private firms are approaching union government with offers of joint venture, equity partnership and many other mutual benefits.

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