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SCSS vs Bank FD: Which investment scheme is offering 8.2% interest rate to senior citizens?
With falling FD interest rates, senior citizens are seeking better investment options. The Senior Citizen Savings Scheme (SCSS), a government-backed scheme, offers a higher interest rate of 8.2% compared to many leading bank FDs. SCSS has a five-year term, tax benefits under Section 80C, and a maximum investment limit of Rs 30 lakh, making it an attractive alternative.
Access to X, YouTube, other online platforms restricted in Turkey, internet monitor says
Netblocks said the access blockage came as the main opposition Republican People's Party (CHP) called for rallies after police set up barricades in areas around the party's headquarters in Istanbul.
Undersea cables cut in Red Sea, disrupting internet access in Asia, West Asia
Internet access faced disruption in Asia and the Middle East. This happened due to cuts in undersea cables in the Red Sea. Experts are investigating the cause of the damage. Houthi rebels have denied targeting the lines. The incident slowed down internet speeds in affected regions. Repair work on the cables may take weeks.
Undersea cables cut in the Red Sea, disrupting internet access in Asia and the Mideast
Undersea cable cuts in the Red Sea disrupted internet access across parts of Asia and the Middle East on Sunday. Experts suspect the damage occurred near Jeddah, Saudi Arabia, affecting major cable systems. While the cause remains unclear, the incident raises concerns amid Houthi rebel activity in the region, though the group has denied targeting the lines.
SBI clerk 2025 prelims exam dates released: Check the dates, eligibility criteria, application process and exam pattern
SBI Clerk Prelims exam dates : State Bank of India has announced the tentative schedule for the SBI Clerk (Junior Associate) Recruitment 2025, aiming to fill 5,180 vacancies. The Preliminary Examination is scheduled for September 20, 21, and 27, 2025, while the Main Examination is expected in November 2025. Candidates who successfully registered can find details on the official website, sbi.co.in.
F&O Talk| Nifty stages pullback but lacks conviction; trend hinges on banking, IT revival: Sudeep Shah
Indian equity benchmarks closed the week positively due to strong economic data and policy reforms. Sudeep Shah of SBI Securities discussed the outlook for Nifty and Bank Nifty. Nifty faces resistance at 24950-25000 and support at 24550-24500. Bank Nifty is underperforming, with resistance at 54500-54600 and support at 53600-53500.
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Turtlemint Fintech Solutions files confidential DRHP with SEBI
Turtlemint, an insurtech firm, has submitted IPO papers to Sebi. The company will use the confidential pre-filing route. ICICI Securities and Jefferies India are among the lead bankers. Dhirendra Mahyavanshi and Anand Prabhudesai founded Turtlemint in 2015. The platform simplifies insurance policy purchase. Turtlemint has sold 1.6 crore policies. Several other firms have also opted for confidential filings recently.
SBI customers alert: Internet banking, YONO and other services to face outage on September 7
State Bank of India (SBI) has announced that its internet banking, YONO Lite, and related services will be temporarily unavailable on September 7, 2025, from 1:20 AM to 2:20 AM IST due to scheduled maintenance. During this period, UPI Lite and ATM services will remain operational. SBI advises customers to plan their online transactions accordingly to avoid any inconvenience.
Will Indian banks meet the SWIFT ISO 20022 implementation deadline?
Indian banks are accelerating efforts to fully implement SWIFT's ISO 20022 messaging standard by the November 2025 deadline, driven by directives from the Ministry of Finance and the RBI. Several major banks, including SBI and ICICI Bank, have already migrated to the new system. Failure to comply with the deadline could result in payment disruptions and penalties.
GST reforms will cause Rs 3,700 crore revenue loss to govt: SBI report
SBI's research indicates that GST reforms, including rate reductions, will result in a minimal revenue loss of Rs 3,700 crore, contrasting with the government's estimate of Rs 48,000 crore. The GST Council's move to a two-tier structure is expected to positively impact the banking sector through cost efficiencies.
Cleantech startup QuantE Energy raises $500,000 seed funding from TDV Partners, angel investors
The startup will use the funds to expand digital onboarding, launch community solar pilots, and strengthen financing partnerships with banks, NBFCs, and CSR programmes.
Bank holiday for Onam, Eid-e-Milad: Are banks open or closed in your state tomorrow for these festivals?
Bank holiday: Banks in Kerala will be closed on September 4, 2025 and September 5, 2025, for Onam. Several other states will also observe bank closures on September 5, 2025 for Id-E-Milad and Thiruvonam. While branch services will be limited, digital banking options remain available for most transactions. Customers are advised to plan accordingly for any branch-dependent tasks.
Bankers say GST Council decision to boost consumption, credit growth
Bankers anticipate that the GST Council's recent decisions, including reduced tax rates on various goods, will significantly boost consumption and credit expansion. This reform, effective September 22, 2025, is expected to increase disposable incomes, stimulate demand across sectors like retail and agriculture, and ultimately drive substantial economic growth. Businesses will also benefit from simplified compliance and improved competitiveness.
Google down: Gmail, Search, YouTube, Maps face global outages, millions of users suffer
Google services are down in many countries. Services like Gmail, YouTube, and Google Maps are affected. Users reported problems with the Google website and search functions. This outage follows a court order for Google to pay $425 million for privacy breaches. However, a court also allowed Google to maintain control of Chrome and Android. Alphabet's shares increased after this ruling.
Google partly down in Turkey, parts of Europe: Government and watchdog
Google services, including YouTube, experienced outages in Turkey and parts of Europe on Thursday, starting around 0700 GMT. Turkey’s deputy telecoms minister said a technical report was requested from Google. Affected areas included Turkey, southeast Europe, Ukraine, Russia, and parts of western Europe, according to local internet monitors.
Top equity mutual funds that delivered highest returns so far in 2025
Equity mutual funds gave returns up to 26% this year. Around 482 equity mutual funds marked their presence. Nippon India Taiwan Equity Fund topped with 25.59% return. Aditya Birla SL Intl. Equity Fund delivered 25.44%. HDFC Transportation and Logistics Fund gave 18.90%. Shriram Multi Sector Rotation Fund lost the most, around 24.96%. Samco Flexi Cap Fund lost 17.
Vodafone Idea seeks lenders' NOC to monetise fibre for Rs 7,000-Cr capex push
An NOC from banks is essential to raise debt against dedicated security. A go-ahead from lenders is the first step for the debt-laden telecom operator to secure fresh funding. However, this will not give new lenders priority over existing bank debt, people aware of the matter said.
NPCI raises UPI transaction limit to Rs 5 lakh for high-value payments
The relaxed transaction limit will apply to categories, including insurance, travel, jewellery, and credit card bill payments, among others.
SBI raises $500 million via overseas bond sale
State Bank of India raised $500 million via bonds at the tightest pricing ever for an Indian entity, capitalizing on India’s recent credit rating upgrade. The issuance, 30 bps tighter than initial guidance, highlights strong global investor appetite.
These 9 banking stocks can give up to 32% returns in 1 year, according to analysts
When it comes to banking sector stocks, learn to deal with two opposite views on the street. Over the next few months, you will hear news of how bank margins have come under pressure. Ignore those headlines, Why? The fact is that, whenever the interest rate cycle turns down, there is a phase when banks see some margin compression. So it is a cyclical phenomenon, and does not change the macro story about why banks should be a part of your portfolio. And the macro story is that banks are the best play when it comes to the growth of the Indian economy.
SBI to provide up to Rs 1.6 crore insurance cover to Railway employees with SBI salary accounts
Indian Railways and SBI have partnered to provide enhanced insurance coverage for railway employees. Under the MoU, employees with salary accounts will receive a personal accident cover of ₹1 crore for permanent total disablement, a significant increase from previous limits. Additionally, the agreement includes ₹1.
SBI to states: Don’t fear PM Modi’s Diwali GST gift, you’ll still be net gainers
State Bank of India projects Indian states will remain net gainers from GST, even with rate rationalisation, due to revenue sharing mechanisms. This contradicts concerns of revenue loss expressed by some states. The bank suggests utilising the compensation fund surplus to offset potential losses from rate adjustments.
Fraudsters target SBI customers in mobile number change fraud; bank asks customers to stay alert
SBI has alerted customers about a new fraud targeting pensioners, where scammers attempt to replace registered mobile numbers to intercept banking alerts. Fraudsters posing as bank officials promise faster PPO processing or threaten pension blockage to extract sensitive information. SBI advises caution, urging customers to avoid sharing personal details and to verify app authenticity to safeguard their accounts.
SBI PO Prelims Result 2025 Declared at sbi.co.in: What’s next and key points to remember
SBI PO Prelims Result 2025 OUT: State Bank of India announced the Probationary Officer Preliminary Exam 2025 results. The exam occurred on August 2, 4, and 5. Candidates can view results on sbi.co.in. Those who passed will take the Mains in September. It includes objective and descriptive tests. Successful candidates proceed to group exercises and interviews. SBI aims to fill 541 posts through this recruitment drive.
India's top lender SBI to tap dollar debt days after nation's rating upgrade
State Bank of India (SBI) is planning to raise at least $500 million through dollar-denominated bonds with a five-year maturity, potentially reaching $1 billion based on demand. This move follows S&P Global Ratings' upgrade of India's sovereign credit rating. The bonds are expected to receive strong demand, potentially leading to a cutoff below the initial guidance of U.S.
Monthly UPI transactions cross 20 billion for first time in August
According to data shared on social media by the Department of Financial Services, the total UPI transaction count touched 20.01 billion in August 2025. UPI recorded 20.01 billion transactions amounting to Rs. 24.85 lakh crore. The year-on-year (YoY) growth stood at 34% in transaction count and 21% in transaction amount.
SBI PO prelims result 2025 expected soon at sbi.co.in: Here are steps to download and more
The State Bank of India is set to announce the Probationary Officer Preliminary Exam 2025 results, a crucial step for candidates vying for 541 PO vacancies. Conducted on August 4, 2025, the exam filters candidates for the mains, interviews, and group exercises. Aspirants can check their results and scorecards online, with cut-off marks determining progression.
India to become world's third largest economy soon, says RBI Governor Sanjay Malhotra; hails PM Jan Dhan Yojana
RBI Governor Sanjay Malhotra stated that India is poised to become the world's third-largest economy, attributing this growth to the Pradhan Mantri Jan Dhan Yojana. He highlighted the scheme's success in opening 55 crore accounts, fostering financial inclusion and enabling citizens to participate in the nation's economic progress. India's recent GDP growth of 7.8% further supports this positive outlook.
Saturday bank holiday: Check if banks are open or closed today on August 30, 2025?
Indian banks will follow a specific schedule in August 2025. Branches will be open on the first, third, and fifth Saturdays. The second and fourth Saturdays are holidays. August 30, 2025, falls on a fifth Saturday. Check if banks are open or closed today. Several festivals will also lead to bank closures across different states.
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