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The matter was heard by a Bench of Justice Ahsanuddin Amanullah and Justice R. Mahadevan in a Special Leave Petition filed by M/s Bhaskar International Private Limited and others against SBI. M/s Bhaskar International Private Limited v. State Bank of India
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The bank’s stock has declined 9.5% since March 19, when Atanu Chakraborty unexpectedly resigned as part-time chairman, triggering fresh concerns over governance standards at the lender.
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Stock market recommendations: AIA Engineering, State Bank of India (SBI), Hindustan Copper are the top stocks to buy on May 27, 2026, according to Mehul Kothari, DVP - Technical Research at Anand Rathi Shares.
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The government plans to raise approximately Rs 5,000 crore by selling up to a 2% stake in Coal India through an Offer for Sale (OFS). The floor price is set at Rs 412 per share, nearly 10% below the current market price. This move follows a successful OFS in Central Bank of India.
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Union Bank of India has greenlit a substantial capital raise, aiming to secure up to Rs 8,000 crore. This strategic move involves issuing debt instruments, including Basel III-compliant bonds, to the tune of Rs 5,000 crore. Additionally, the bank plans to bolster its equity by Rs 3,000 crore through various public and private offerings.
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The Indian Rupee experienced a dip early Tuesday, influenced by strong US dollar demand and rising crude oil prices. Geopolitical tensions and fresh attacks against Iran are impacting market sentiment. While the Reserve Bank of India's interventions are expected to stabilize the currency, ongoing peace talks and oil price fluctuations remain key factors to watch.
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Stock market recommendations: Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan recommends Larsen & Toubro (L&T), Bajaj Finance, and Bank of India as the top stocks to consider buying on May 26, 2026. He shares the range for buy calls, stop loss and target levels:
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Stock market recommendations: Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities recommends buying Varun Beverages Ltd, and Elecon Engineering Company Ltd as the top stock picks for the May 25, 2026 week. The expert also shares his outlook for Nifty and Bank Nifty:
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Bank customers across India should note extended holiday closures from May 26-28, 2026, impacting numerous states for national and religious observances like Kazi Nazrul Islam's birth anniversary and Eid-ul-Adha. Remember, second and fourth Saturdays also mean branch shutdowns. Plan ahead for essential services, as digital banking remains fully operational.
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