The Press Editor

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, sustained yesterday's rally and opened in the green amid mixed global cues as Brent crude approached USD 94 and US bond yields climbed again. While the 30-share BSE Sensex gained 163.35 points or 0.21 per cent to start the session at 77,701.07, the Nifty opened with a gain of 52.2 points at 24,284.05. In the last trading session, the Sensex closed at 77,537.72 and the Nifty 50 at 24,231.85. Similarly, the broader indices traded in the green in the early trading session. While the BSE Midcap Select Index was up by…

New Delhi: State Bank of India on Thursday issued a public notice on X, saying it has revised the cash withdrawal charges, effective 1 October 2026, for Basic Savings Bank Deposit (BSBD) Accounts opened through Branch Channel. The bank said four cash withdrawals in a month will continue to be free and cash withdrawal transactions beyond four in a month will attract a charge of Rs 15 + GST per transaction. It add that the customers are requested to take note that all digital transactions will continue to be free without any restriction. "State Bank of India has revised the…

Noida: Reserve Bank of India (RBI) governor Sanjay Malhotra recently asked banks to leverage advanced technologies, including Artificial Intelligence (AI), to expand their reach. While it is important to streamline complex workflows, detect fraud in real time, and deliver personalised customer service, Rohit Arora, CEO and co-founder of Biz2Credit and Biz2X, believes jobs will also be at risk because many operational roles in the banking industry involve structured, repetitive processes. “Anything which is structured, anything which is repetitive, is the easiest thing for AI to automate. Bank branches could consequently require fewer employees as more customer services migrate to digital…