State Bank of India

Mcap of 7 of top-10 valued firms erodes by ₹ 1.54 lakh cr; Reliance takes biggest hit. The market valuation of Reliance Industries dropped by ₹ 46,078.3 crore to ₹ 17,87,039.40 crore.

Manipal Health and SBI Funds are likely to lead a stronger second half for India’s IPO market despite geopolitical uncertainties. Their upcoming listings in June-July could pave the way for a broader pipeline of large and mid-sized public issues later this year.

Chairman Challa Sreenivasulu Setty has positioned human capital at the centre of SBI’s technology overhaul even as global banks cut jobs amid AI-led restructuring.

India's banks will be closed for two days next week, including May 27 for Bakrid. The RBI has declared nine holidays this month. Online banking remains operational during these closures, allowing customers to conduct transactions anytime.

Vodafone Idea's plan comes as analysts raise concerns about the company’s future payment obligations to clear spectrum dues, and the company is confident it can raise funds from a State Bank of India-led consortium.

Public sector banks are increasingly relying on surplus funds and short-term borrowing from the RBI to meet loan demand as deposit growth lags. But analysts caution that without stronger deposit mobilization, credit growth may face constraints.

Mcap of nine of top 10 valued firms erodes by ₹ 3.12 lakh crore; Reliance biggest laggard

Private and public sector banks in India will observe two holidays next week, on May 23 and 24, as per RBI's schedule. Customers are advised to check local branches for specific holiday applicability, while online banking services remain available for transactions during these closures.