State Bank of India, the country's largest lender by assets, said on Monday it has raised 250 billion rupees ($2.90 billion) by selling shares to institutional investors. The lender approved the ...

This fundraise marks a major step in SBI's capital augmentation strategy and is expected to support the bank's growth plans.

SBI has classified Reliance Communications and Anil Ambani as 'fraud' and will file a complaint with the CBI. The bank's ...