
SBI Clerk Mains Result 2025 likely to be released soon: Check details, steps to download at sbi.co.in.
The State Bank of India is expected to announce the SBI Clerk Mains Result 2025 for Junior Associate positions soon. Candidates who appeared for the exam on April 10 and 12, 2025, can check their results on the official website. Successful candidates will proceed to a language proficiency test and document verification for over 13,000 vacancies.
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How to check SBI Clerk Mains Result 2025
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The State Bank of India SBI ) is expected to announce the SBI Clerk Mains Result 2025 for the post of Junior Associate (Customer Support and Sales) very soon. Candidates who appeared for the Mains exam conducted on April 10 and 12, 2025, are eagerly awaiting their results, which will be made available on the official SBI website: sbi.co.in The recruitment drive aims to fill over 13,000+ vacancies for the position of Junior Associate across SBI branches in India.Step 1: Once released, candidates can follow these steps to check and download their resultStep 2: Visit the official website: sbi.co.inStep 3: Click on the 'Careers' section.Step 4: Under 'Latest Announcements,' find and click on the SBI Clerk Mains Result 2025 link.Step 5: Enter your Registration Number/Roll Number and Date of Birth/Password.Step 6: Click 'Submit' to view your result.Step 7: Download and take a printout for future reference.Candidate's nameRoll numberSectional and overall marksQualifying statusCut-off marks (to be released separately)Candidates who qualify in the Mains examination will be called for the next phase:This test is mandatory and qualifying in nature.. Candidates must be proficient in reading, writing, and speaking the local language of the state they have applied for.Shortlisted candidates will have to verify their documents, including educational certificates, ID proof, and other required documents.

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Time of India
13 minutes ago
- Time of India
State Bank India cuts SB rate to lowest, FDs' by 25 base points
Representative image (Photo: ANI) MUMBAI: India's largest lender, State Bank of India, has cut returns for depositors again. Effective June 15, the bank reduced interest rates on retail term deposits of up to Rs 3 crore by 25 basis points across tenures. Simultaneously, it brought down the savings account rate to 2.5 per cent, its lowest ever. These cuts apply to both new and renewing deposits, reflecting a wider easing in deposit yields after the RBI reduced the repo rate by 50 basis points earlier this month. The rationale behind the uniform cut is protect the bank's margins. Around 45 per cent of SBI's Rs 36 lakh crore loan book is linked to the repo rate. These include home loans (Rs 8.3 lakh crore) and auto loans (Rs 1.2 lakh crore). The bank's best home loan rates for new loans are now 7.5 per cent. The cut in the benchmark rate is estimated to lower the bank's annual interest income by about Rs 8,100 crore. Reducing savings deposit rates is the most immediate way for SBI to limit that hit. The cut in savings deposit rates, in particular, provides quicker relief. With Rs 23 lakh crore in such accounts, the lower payout enables the bank to save an estimated Rs 5,750 crore annually. SBI is not alone. HDFC Bank recently trimmed its savings account rate on high-value deposits to a flat 2.75 per cent across balances and lowered fixed deposit rates by up to 25 basis points. ICICI Bank, Canara Bank, and YES Bank have also cut fixed deposit rates. These moves aim to protect net interest margins at a time when credit growth is moderating. For depositors, it marks yet another reduction in already low returns. The deregulation of savings rates had raised hopes of more competition among banks, but the trend has gone the other way. SBI's savings rate, which was 4 per cent in the early 2000s, slipped to 3.5 per cent by 2003, fell further over the next decade, and hit 2.7 per cent by 2020. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Indian Express
5 hours ago
- Indian Express
SBI cuts savings account, fixed deposit interest rates
The country's largest lender State Bank of India (SBI) has reduced its savings bank account rate by up to 50 basis points (bps) across all account balances, effective June 15. The bank has also reduced its interest rates on fixed deposits below Rs 3 crore by 25 basis points on different maturities. The new interest rates are applicable from June 15. The move follows a 50 bps reduction in the repo rate – the key policy rate – by the Reserve Bank of India (RBI) last week. The reduction in interest rates by SBI on savings bank account and fixed deposits will impact depositors, especially senior citizens, who are dependent on interest earned from funds parked with banks. The lender has revised its savings bank deposits rate to 2.5 per cent on all account balances. Prior to this, SBI was offering a rate of 2.7 per cent on account balances below Rs 10 crore, and 3 per cent on balances of Rs 10 crore and above. On fixed deposit rates, or retail domestic term deposits, SBI has cut interest rates to 6.05 per cent for the general public on deposits maturing between 211 days to less than one year, compared to 6.3 per cent earlier. The lender has revised fixed deposits rate to 6.55 per cent for senior citizens on the same tenor, compared to 6.8 per cent earlier. For deposits maturing in one year to less than two years, the revised interest rate is 6.25 per cent compared to 6.5 per cent. Senior citizens will now be offered a rate of 6.75 per cent on the similar maturity, compared to 7 per cent earlier. The bank is now offering an interest rate of 6.45 per cent on term deposits maturing in two years to less than three years, as against the earlier rate of 6.7 per cent. For the same maturity, the interest rate for senior citizens has been reduced to 6.95 per cent from 7.2 per cent. For fixed deposits maturing between three years to less than five years, and those between five years to up to 10 years, the revised rates are 6.3 per cent and 6.05 per cent, respectively. The lender has also revised its repo-linked external benchmark-based lending rate (EBLR) by 50 bps, effective June 15. It is now offering interest rates on home loans in the range of 7.5 per cent to 8.45 per cent. Following the RBI's 50 bps cut in the repo rate, many lenders including Canara Bank, Union Bank of India, Bank of Maharashtra and Indian Overseas Bank have already reduced their repo-linked lending rates. State-run Bank of Baroda has reduced its marginal cost of funds based lending rate (MCLR) by five bps across tenors from one month to one year. It has also lowered deposit rates in select maturity tenors. Many lenders have also reduced their fixed deposits rates. HDFC Bank and ICICI Bank have lowered their interest rates on fixed deposits below Rs 3 crore by 25 bps. HDFC Bank has revised the interest rate on savings bank account. The bank is now offering a uniform rate of 2.75 per cent on all savings balances. The bank was earlier offering a rate of 2.75 per cent on balances below Rs 50 lakh and 3.25 per cent on balances of Rs 50 lakh and above.


Indian Express
a day ago
- Indian Express
A new biography of John Matthai discusses his policy contributions in the early years of independent India
John Matthai played a significant role in shaping government economic policies at the dawn of Independence but it has taken more than 60 years since his death for a definitive biography on the respected Syrian Christian economist, academician and technocrat. Matthai would have been pleased at the choice of his biographer, Bakhtiar Dadabhoy, who brings a thoughtful, research-oriented and measured approach, reflective of his subject. Matthai was a man for all seasons: India's first railways minister, the second finance minister, first chairperson of the State Bank of India, chairperson of the Taxation Inquiry Commission, vice chancellor of Bombay University and Kerala University, and a member of the Tariff Board pre-Independence, besides other significant positions. Matthai is probably best remembered today as the main author of the Bombay Plan of 1944, an action plan for economic development in independent India, underwritten by a few industrialists. He worked on it at the behest of JRD Tata, as Matthai had had a long and successful stint with the Tata group. He fitted in comfortably at the business house controlled almost exclusively in those days by the clannish Parsis. He even became the first non-Parsi chairperson of the powerful Sir Dorabji Tata Trust and was Tata chairperson JRD Tata's blue-eyed boy. His colleague, the witty Sir Homi Modi, joked about Matthai's characteristic solemnity — that even when he said, 'Good morning'' it sounded like a papal benediction. Matthai's years at Tata were his happiest, his several stints in government less serendipitous. The prickly, principled Matthai did not last very long in any post because of his intransigence and independence. His most famous fall-out was with Prime Minister Jawaharlal Nehru over the Planning Commission. Nehru, impressed by Matthai's wealth of experience in business, administration and academics, invited him to join the first cabinet as a representative of the Christian community. Matthai became railway minister. It was the worst possible time, World War II having weakened the economy and Partition having wreaked havoc. Matthai was given the thankless job of partitioning the railways between the two new countries in less than eight weeks. The railway minister was often at loggerheads with home minister Sardar Patel, who wanted to run more trains, while Matthai felt that the overriding priority for evacuation trains was for the Army and police to protect the trains carrying fleeing migrants. When India's first finance minister Shanmukham Chetty, Patel's choice, resigned, Matthai was appointed in his place. It was not a propitious start. Matthai's first budget was generally panned as being pro-rich and inequitable, with high postal hikes and levy on coarse cloth. He was also caught off-guard by the devaluation of the pound, taking at face value the British government's official assurance that the pound, to which the rupee was pegged, would not be demonetised. But it was Matthai's differences with Nehru which brought matters to a head. Nehru, inspired by Fabian Socialism and the Russian example, wanted direct control over the planning process. Though a student of the Fabian socialist Sydney Webb, Matthai, who had first-hand experience in the business world, was more concerned about conserving the economy, especially in view of the stringency of resources, rather than redesigning it. He apprehended that the Planning Commission would emerge as a parallel Cabinet with its deputy chairman exercising more power than the finance minister. While submitting his resignation, Matthai was stiff and unbending. Nehru felt hurt by what he considered Matthai's discourteous behaviour when he was trying to placate him. In hindsight Matthai's apprehensions proved to be well-founded and there were repeated economic crises in the country over the next decades. Erosion of control was an issue which exercised Matthai greatly. Years later when he was appointed vice chancellor of Bombay University, he objected to governors of states being ex-officio chancellors of universities. He was rather aggressive with the gentlemanly governor of Bombay state, Sri Prakasa, who had newly arrived. The principle he was fighting for to protect academic freedom from political interference was very valid. Historians and economists will gather much insight from Dadabhoy's accounts of Matthai's finance and railway budgets and the report of the Taxation Inquiry Commission, but the subjects could be heavy going for an average reader. The Matthai family is full of achievers. His son Ravi was the first director of the IIM Ahmedabad, his nephew Verghese Kurien became the father of the milk revolution, having landed up in Anand quite by coincidence. One would have preferred more insight into the personal life of Honest John, a nickname given incidentally by Nehru. Unfortunately, Matthai seems to have destroyed most of his private and official papers. The author is contributing editor, The Indian Express