Ahmedabad: A major fraud involving forged bank challans in illegal mining cases has surfaced in Gandhinagar, with Sector 7 police booking three individuals for allegedly cheating the state government of over ₹23.5 lakh. The complaint was filed by Nisarg Bhatt, a royalty inspector with the office of the additional director (appeals and flying squad), commissioner of geology and mining. According to the FIR, the case dates back to May 13, 2025, when officials carried out checks on illegal sand...Read More

Gandhinagar: State Bank of India announces the listing of its USD 500 million of “Regulation S” bonds, recently issued at a coupon rate of 4.50 per cent at NSE-IX in Gift City. The bond is priced at a spread of 75 bps over the benchmark and is listing on SGX-ST and NSE-IX. The Notes carry rating of BBB and BBB- from S&P and Fitch respectively. Commenting on the transaction, Shri Rama Mohan Rao Amara, Managing Director (IB, GM & T), SBI, said “The successful issuance of USD 500 million ...Read More

Ahmedabad: State Bank of India (SBI) has signed a €100 million (around ₹900 crore) line of credit agreement with Agence Française de Développement (AFD) at its GIFT City branch to boost green financing in the country. The funds will support climate mitigation projects aimed at reducing greenhouse gas emissions as well as adaptation measures to strengthen resilience against climate risks. SBI said the initiative is in line with its target of expanding the share of its green portfolio to 7.5...Read More

Vadodara: A major loan fraud has come to light at the SBI RACPC (Retail Assets Central Processing Centre) branch in the Ellora Park area, where home loans worth ₹1.97 crore were sanctioned between August 2021 and October 2022 based on forged documents. A total of 16 individuals—including loan recipients, two agents, and four field executives—have been booked for cheating at the Gorwa Police Station. The SBI RACPC branch at Ellora Park handles personal, educational, and home loan applica...Read More