RSS Feed
Twitter
1:10 PM
Blogger
In a concerning development, the State Bank of India has initiated an investigation following the exposure of 3,897 customer records on the dark web. Allegations suggest that a hacker group obtained sensitive personally identifiable information, such as names, mobile numbers, and addresses. Despite these alarming findings, SBI has assured that its essential operations remain unaffected and are functioning normally, while ongoing evaluations and corrective actions are being put in place.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/T9Cp6EH
Under income tax law, SBI staff are treated as non-government employees and, therefore, can claim leave encashment exemption subject to the applicable limit. A retired SBI employee from Jaipur, was unaware of this distinction. When he retired in 2020 he received Rs 9.29 lakh as leave encashment and did not pay tax on the amount.
The rupee opened higher against the US dollar, appreciating by 29 paise to a solid 94.62, fueled by foreign investments linked to the Jio IPO and backing from the Reserve Bank of India. Nevertheless, persistent crude oil price surges presented ongoing challenges for the currency. The domestic equity landscape also showed positivity, with the BSE Sensex recording substantial gains, even as foreign institutional investors stayed in a selling position.
As the festive season in India draws near, numerous bank holidays will mark the month of October. It’s essential for customers to verify the holiday schedules specific to their regions, particularly regarding closures for Dussehra, Durga Puja, and other festivities. Fortunately, services like ATMs and mobile banking will still operate, allowing for uninterrupted transactions. Careful planning can help customers navigate potential inconveniences during this busy season.
