SBI

CMS Info Systems has won a landmark Rs. 1,000 crore contract from the State Bank of India to manage and operate automated teller machines across the country. The multi-year mandate reinforces CMS’s position as a dominant player in India’s cash management and banking infrastructure services industry. At a time when digital payments are expanding rapidly, the deal highlights the continued relevance of physical banking channels, particularly in semi-urban and rural markets.

The government has approved an extension of Ashwini Kumar Tewari’s tenure as Managing Director of State Bank of India, reinforcing continuity at the helm of the country’s largest lender. The decision comes at a critical juncture as the banking sector balances strong credit demand with disciplined risk management and regulatory oversight. Market participants interpret the move as a vote of confidence in Tewari’s leadership and operational execution.

State Bank of India has unveiled Yono 2.0, the next-generation version of its flagship digital banking platform, underscoring the lender’s renewed focus on technology-led growth and customer-centric innovation. Alongside the launch, SBI announced plans to recruit 10,000 employees, highlighting confidence in business expansion and rising demand for banking services. The dual move reflects a strategic balance between digital transformation and human capital investment.

State Bank of India’s digital platform, YONO, has surpassed 20 crore users within two years, underscoring the rapid adoption of digital banking across the country. The milestone highlights SBI’s success in integrating banking, payments and lifestyle services into a single ecosystem. Riding on this growth, the country’s largest lender is preparing to step up investments in technology, infrastructure and cybersecurity to scale the platform further.

Business tycoon Anil Ambani has approached the Supreme Court of India to challenge a fraud designation reportedly assigned to him by the State Bank of India (SBI). The legal move seeks to contest the classification, which carries reputational and financial implications for the Reliance Group chairman. Analysts note that this case underscores the growing scrutiny on high-profile corporate borrowers and the regulatory rigor in banking operations.

SBI Ventures has announced the launch of a Rs. 2,000 crore climate-focused fund aimed at supporting India’s transition toward sustainable growth and low-carbon infrastructure. The fund seeks to mobilize capital for clean energy, green mobility, climate-resilient agriculture, and emerging technologies designed to mitigate environmental risks. As global attention shifts toward climate finance, SBI Ventures’ move positions India to attract greater institutional participation in sustainability-led development.

A recent study by the State Bank of India (SBI) has emphasized the urgent need for a comprehensive national gold policy to streamline the country’s fragmented approach toward gold imports, investments, and monetization. The report argues that while India remains one of the world’s largest consumers of gold, its policies lack strategic coordination, limiting the potential to leverage the yellow metal as an economic and financial asset.

The State Bank of India (SBI) has rolled out a nationwide mega camp to help pensioners submit their Digital Life Certificates (DLCs) with greater convenience and efficiency. The initiative, launched across thousands of SBI branches and CSP outlets, aims to simplify the annual verification process that ensures the continued disbursal of pensions.

The High Court has dismissed Anil Ambani’s plea challenging the proceedings initiated by the State Bank of India (SBI) in a high-profile financial fraud case. The court’s decision marks a significant development in ongoing legal scrutiny over the Reliance Group’s financial dealings, reaffirming the banking regulator’s authority in pursuing recovery actions. Ambani, who has faced mounting financial and legal challenges, sought relief against alleged irregularities in loan disbursements and debt management.

SBI Mutual Fund, India's largest asset management company, has launched its inaugural Specialised Investment Fund (SIF), the Magnum Hybrid Long Short Fund. Opening for subscription from October 1 to October 15, 2025, this interval fund aims to offer investors a balanced approach by combining equity, debt, and derivatives within a tax-efficient structure. Targeted at high-net-worth individuals (HNIs), the fund seeks to provide consistent returns with reduced volatility, leveraging both long and short positions across various asset classes.