SBI announces scheduled downtime for UPI users on July 22, 2025: Check timing and other details
State Bank of India (SBI) has announced scheduled maintenance for its UPI services on July 22, 2025, causing temporary unavailability from 00:15 hrs to 01:00 hrs IST. Customers can use UPI Lite for uninterrupted transactions during this period.
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Time of India
an hour ago
- Time of India
Top 10 firms' m-cap: 5 of top-10 companies add Rs 60,676 crore in value, SBI and HDFC Bank lead gains
Five of the country's 10 most valued companies added Rs 60,675.94 crore to their market capitalisation last week, with State Bank of India (SBI) and HDFC Bank emerging as the biggest winners in line with the positive momentum in equities. In the holiday-shortened week, the Sensex gained 739.87 points or 0.92 per cent, while the Nifty advanced 268 points or 1.10 per cent, PTI reported. Among the top-10 pack, Reliance Industries , HDFC Bank, Bharti Airtel, SBI and Infosys recorded valuation gains, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, Life Insurance Corporation of India (LIC) and Bajaj Finance witnessed erosion. SBI saw the sharpest jump, with its market capitalisation rising Rs 20,445.82 crore to Rs 7,63,095.16 crore. HDFC Bank's valuation climbed Rs 14,083.51 crore to Rs 15,28,387.09 crore. Infosys added Rs 9,887.17 crore to reach Rs 6,01,310.19 crore, Bharti Airtel advanced Rs 8,410.6 crore to Rs 10,68,260.92 crore, and Reliance Industries rose Rs 7,848.84 crore to Rs 18,59,023.43 crore. On the losing side, LIC's valuation fell by Rs 15,306.5 crore to Rs 5,61,881.17 crore, followed by Bajaj Finance, which slipped Rs 9,601.08 crore to Rs 5,35,547.44 crore. ICICI Bank's market value dropped Rs 6,513.34 crore to Rs 10,18,982.35 crore, TCS fell Rs 4,558.79 crore to Rs 10,93,349.87 crore, and Hindustan Unilever dipped Rs 3,630.12 crore to Rs 5,83,391.76 crore. Reliance Industries remained the most valued firm by market cap, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, LIC and Bajaj Finance. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
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Business Standard
2 hours ago
- Business Standard
FinMin to meet CEOs of state-owned banks to review Q1 performance on Aug 20
The review meeting on August 20 with public sector banks to assess the performance of the first quarter of 2025-26, according to sources Press Trust of India New Delhi The finance ministry has called a meeting of heads of public sector banks (PSBs) on Wednesday to review the first-quarter financial performance. The meeting is scheduled to be chaired by Financial Services Secretary M Nagaraju. The review meeting on August 20 with public sector banks to assess the performance of the first quarter of 2025-26, according to sources. Led by State Bank of India (SBI), public sector banks, cumulatively, logged a record profit of Rs 44,218 crore in the first quarter of the current fiscal, with an 11 per cent year-on-year growth. All 12 public sector banks together made a profit of Rs 39,974 crore in the June quarter of FY25. The increase in profit in absolute terms was Rs 4,244 crore. Market leader SBI alone contributed 43 per cent to the total earnings of Rs 44,218 crore, as per the published numbers on stock exchanges. SBI logged a net profit of Rs 19,160 crore in Q1 FY26, 12 per cent higher than the same period of the previous fiscal. In terms of size and profits, the biggest lender in the nation still controls the public banking market. In percentage terms, Chennai-based Indian Overseas Bank reported the highest net profit growth of 76 per cent to Rs 1,111 crore, followed by Punjab & Sind Bank with a 48 per cent rise to Rs 269 crore. During the quarter, all 12 public sector banks (PSBs) except Punjab National Bank (PNB) reported a decline in profit. PNB reported a 48 per cent fall in net profit to Rs 1,675 crore against Rs 3,252 crore in the year-ago period. Central Bank of India recorded 32.8 per cent growth in the June quarter net profit to Rs 1,169 crore, Indian Bank posted 23.7 per cent rise to Rs 2,973 crore, and Bank of Maharashtra logged 23.2 per cent improvement to Rs 1,593 crore.
Time of India
2 hours ago
- Time of India
FinMin to meet CEOs of state-owned banks to review Q1 performance on Aug 20
The finance ministry has called a meeting of heads of public sector banks (PSBs) on Wednesday to review the first-quarter financial performance . Independence Day 2025 Modi signals new push for tech independence with local chips Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency The meeting is scheduled to be chaired by Financial Services Secretary M Nagaraju. The review meeting on August 20 with public sector banks to assess the performance of the first quarter of 2025-26, according to sources. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo Led by State Bank of India (SBI), public sector banks, cumulatively, logged a record profit of Rs 44,218 crore in the first quarter of the current fiscal, with an 11 per cent year-on-year growth. All 12 public sector banks together made a profit of Rs 39,974 crore in the June quarter of FY25. The increase in profit in absolute terms was Rs 4,244 crore. Live Events Market leader SBI alone contributed 43 per cent to the total earnings of Rs 44,218 crore, as per the published numbers on stock exchanges. SBI logged a net profit of Rs 19,160 crore in Q1 FY26, 12 per cent higher than the same period of the previous fiscal. In terms of size and profits, the biggest lender in the nation still controls the public banking market. In percentage terms, Chennai-based Indian Overseas Bank reported the highest net profit growth of 76 per cent to Rs 1,111 crore, followed by Punjab & Sind Bank with a 48 per cent rise to Rs 269 crore. During the quarter, all 12 public sector banks (PSBs) except Punjab National Bank ( PNB ) reported a decline in profit. PNB reported a 48 per cent fall in net profit to Rs 1,675 crore against Rs 3,252 crore in the year-ago period. Central Bank of India recorded 32.8 per cent growth in the June quarter net profit to Rs 1,169 crore, Indian Bank posted 23.7 per cent rise to Rs 2,973 crore, and Bank of Maharashtra logged 23.2 per cent improvement to Rs 1,593 crore.
