
SBI Life Share Price Live Updates: SBI Life's Volume Indicates Strong Market Engagement

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
3 hours ago
- Time of India
Banks' credit growth to remain low as corporates using other funding sources in low interest rate regime: SBI Report
Credit growth of banks in the country is likely to remain low as corporates continue to opt for alternative methods of funding in the current low-interest rate environment, according to a report by the State Bank of India (SBI). The report noted that corporates tend to avoid bank loans when interest rates are low and instead explore other sources of funding. It stated, "Bank credit to remain low as corporates are using other avenues of funding in low-interest rate regime" by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More The report has analysed data on resource flows over the past eight years and observed that during periods like FY21 and FY22, when interest rates were low, companies typically relied on non-bank sources for raising funds. The same pattern appears to be repeating now. The share of incremental bank credit in total resource flow is expected to fall from 31.3 per cent in FY25 to just 22 per cent by the second quarter of FY26. Live Events Currently, the headline credit growth is at 9.5 per cent as of June 2025, while non-bank resource flows are growing at a much faster pace of 15.6 per cent. Credit to the Micro, Small and Medium Enterprises (MSME) sector stands out with a higher growth rate of 21.8 per cent. The report expects it to remain muted in FY26. It mentioned that the credit growth by Scheduled Commercial Banks (SCBs) slowed to 9.8 per cent as of July 11, 2025, compared to a robust 14.0 per cent growth in the same period last year. Between April and July this year, bank credit increased by Rs 2.19 lakh crore, showing a year-to-date (YTD) growth of 1.2 per cent. In the same period last year, credit had grown by Rs 3.79 lakh crore or 2.3 per cent YTD. Meanwhile, deposits grew by Rs 7.45 lakh crore (3.3 per cent YTD) in the current year, slightly higher than the Rs 7.01 lakh crore (3.4 per cent YTD) growth seen last year. The report also pointed out a shift in deposit patterns. Higher returns on term deposits have led to greater inflows in these instruments. As a result, the share of savings deposits fell to 29.1 per cent in March 2025 from 30.8 per cent a year ago and 33.0 per cent two years ago. Going forward, the report projects that deposits will grow in the range of 12-13 per cent, while credit growth is expected to be between 10-11 per cent in FY26. (ANI)


News18
7 hours ago
- News18
Are Banks Open Or Closed Today, Saturday, August 2? Check Bank Holiday List This Month
Last Updated: Are Banks Open Today, August 2? Today, August 2, is the first Saturday of the month and is also not an RBI-notified holiday. So, bank branches will remain open today as usual. Are Banks Open Today, August 2? If you are planning to visit your bank branch, it is necessary to check the holiday list for banks. Banks remain closed on RBI-notified holidays, Sundays and second & fourth Saturdays. However, today, August 2, is the first Saturday of the month and is also not an RBI-notified holiday. So, bank branches will remain open today as usual. Bank branches remain closed on a number of bank holidays approved by the RBI. As per the standard banking schedule, all banks — both public and private — across India also remain closed on the second and fourth Saturdays of every month. Are Banks Closed Today And Tomorrow? Today (August 2), both public and private banks will remain open across the country. However, tomorrow (August 3), banks will remain closed across the country as it a Sunday. Timings of Banks Today? Most major banks in India, including SBI, Bank of India, and Punjab National Bank, operate between 10 am and 4 pm, while ICICI, HDFC, Axis, Yes Bank, and Kotak Mahindra Bank usually function from 9:30 am to 4:30 pm or 3:30 pm, depending on the branch. Bank of Baroda has slightly extended hours, operating between 9:45 am and 4:45 pm or 10 am to 5 pm, and Canara Bank typically works from 10 am to 3:30 pm. August 09 (Saturday) – Raksha Bandhan / Jhulana Purnima 🔹 Holiday in Ahmedabad, Bhopal, Dehradun, Jaipur, Kanpur, Lucknow, Shimla, Bhubaneswar August 13 (Wednesday) – Patriot's Day 🔹 Holiday in Imphal August 15 (Friday) – Independence Day / Parsi New Year / Janmashtami 🔹 Nationwide Holiday – All banks across India will remain closed August 16 (Saturday) – Janmashtami (Shravan Vad-8) / Krishna Jayanthi 🔹 Holiday in Aizawl, Chennai, Hyderabad, Patna, Raipur, Ranchi, Vijayawada, Gangtok, Chandigarh, Jammu, Srinagar August 19 (Tuesday) – Birthday of Maharaja Bir Bikram Kishore Manikya Bahadur 🔹 Holiday in Agartala August 25 (Monday) – Tirubhav Tithi of Srimanta Sankardeva 🔹 Holiday in Guwahati August 27 (Wednesday) – Ganesh Chaturthi / Samvatsari / Ganesh Puja 🔹 Holiday in Mumbai, Belapur, Nagpur, Bhubaneswar, Chennai, Hyderabad, Vijayawada, Panaji August 28 (Thursday) – Ganesh Chaturthi (2nd Day) / Nuakhai 🔹 Holiday in Bhubaneswar, Panaji National Holidays (All Banks Closed Across India) In August view comments First Published: August 02, 2025, 08:17 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
&w=3840&q=100)

Business Standard
19 hours ago
- Business Standard
SBI to hire consultant for 10-year HR strategy on digital and talent growth
A generational shift in employees, along with their increasing expectations and the rapid rise of digital banking, is prompting the State Bank of India (SBI) to reassess its Human Resource (HR) management practices and build a "future-ready" organisation with a rich talent pool. India's largest lender plans to engage a management consultant to develop both a 5-year and 10-year HR strategy. The consultant will be tasked with advising on how to align the state-backed lender's HR policies and processes with its overall performance goals, as well as benchmarking these against industry best practices. According to a document soliciting the Request for Expression of Interest, the mandate for the management consultant includes reviewing SBI's current HR strategy, operating model, and technology landscape. The indicative timeline for completing the project is 18 months. As expectations grow for more inclusive, agile, and purpose-driven workplaces, there is a need to realign SBI's HR strategy. The goal is to create enhanced value through the Employee Life Cycle Management (ELCM) framework, which focuses on every stage of employee engagement—from talent attraction to post-retirement transition. 'At the bank, the aim has always been to introduce and promote policies that ensure employee satisfaction and enhanced productivity,' the company added. A senior SBI executive noted that, over the past decade, expectations have changed for individuals joining at entry levels, whether in clerical roles or as probationary officers. These new hires view their careers at the bank as offering more immediate opportunities rather than being a long-term career path. As a result, preparing career development plans has gained significance. There is also heightened competition in every banking segment—retail, industrial, and agricultural lending. The growing emphasis on digital and information technology has made it essential to impart new skills, while re-skilling existing staff has become crucial. The bank is hiring more professionals with domain-specific skills and experience, particularly in risk management and digital and cyber management. Many of these new hires come in at middle and senior levels, requiring special attention to their integration with the bank's systems, organisation, and ethos, according to an SBI executive. For SBI, which employs nearly 2.36 lakh people and has around three lakh pensioners and family pensioners, ELCM is critical for ensuring smooth HR operations across all stages—from hiring to retirement. 'It (HR Policy) is vital for operational success and employee satisfaction and offers several key benefits that contribute to the overall success of the organisation,' the lender said. The management consultant will identify skill gaps and assess capabilities through skill diagnostics, reviewing the existing talent management strategy, and evaluating the adequacy of processes and technology for future readiness. The transformation plan also includes a revamp and digitisation of recruitment processes. The consultancy will define digital and AI-enabled talent acquisition models—from screening to onboarding—by diagnosing existing processes. It will also benchmark talent acquisition and AI practices across peers to identify gaps and leverage points, SBI said.