Delhi HC Orders SBI to Compensate Rs 2.6 lakh to Phishing Victim

21 Nov 2024

The Delhi High Court has directed the State Bank of India (SBI) to compensate a customer, Hare Ram Singh, who lost Rs 2.6 lakh due to a phishing attack. The court identified SBI's negligence in handling Singh's complaint and its failure to prevent the fraudulent transactions, emphasizing the bank's duty...

SC issues notice to SBI for not sharing complete data on Electoral Bonds

15 Mar 2024

The Supreme Court raised concerns on Friday regarding the State Bank of India (SBI) failing to provide Electoral Bonds data with unique alphanumeric numbers, essential for bond identification. Consequently, notice was issued to SBI, with a response sought by Monday. A five-judge Constitution bench led by Chief Justice of India...

SBI Fails To Submit Details; SC Deadline Ends Now

07 Mar 2024

The State Bank of India has not disclosed details of the electoral bonds encashed by political parties as of Wednesday, missing the deadline set by the Supreme Court. On Monday, the State Bank of India (SBI) approached the Supreme Court, requesting an extension until June 30 to reveal specifics of...

State Bank of India requests SC to extend deadline to give information on electoral bonds

05 Mar 2024

The State Bank of India (SBI), a public-sector bank, has requested the Supreme Court to extend the deadline for revealing the identities of buyers of electoral bonds from March 6 to June 30. This move has significant political implications as a June 30 deadline would result in disclosures after the...

Delhi High Court Quashed Decision To Declare Religare Finvest’s Account As ‘Fraud’

26 Dec 2023

The Delhi High Court in the case Religare Finvest Limited v. State Bank Of India observed and has quashed the decision of State Bank of India, SBI declaring Religare Finvest’s account as ‘fraud’ and including it on the Central Fraud Registry of Reserve Bank of India, RBI. The bench headed...