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Recent Current Affairs related to SBI

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1 May 2026 BANKING

Union Minister Nirmala Sitharaman has announced that the Government of India (GoI) has established a high-level panel to evaluate systemic threats posed by “Mythos”, an advanced AI model developed by Anthropic. The announcement was made after a meeting with Union Minister Ashwini Vaishnaw and senior banking executives.

The committee is chaired by CS Setty, the Chairman of the SBI and leader of the Indian Banks’ Association (IBA). The primary objective of the panel is to assess “AI-born” risks to the financial sector and identify strategic technology investments required to enhance national resilience.

27 April 2026 BANKING

NPCI Bharat Bill Pay Ltd (NBBL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), has onboarded Postal Life Insurance (PLI) as a biller under the insurance category on the Bharat Connect platform.

PLI is managed by India Post, and SBI served as the Biller Operating Unit (BOU) to facilitate the onboarding. With the addition of PLI, the total number of insurance billers on the Bharat Connect platform has reached 65.

27 April 2026 BANKING

State Bank of India (SBI) has set a target to expand its balance sheet to 25% of the Gross Domestic Product (GDP) of India by 2030, up from the current 20%. As of December 2025, the total balance-sheet of SBI was recorded at ₹71.62 lakh crore.

The bank also aims to increase its market share by 1% across each of the 800 districts in the country during the FY27.

23 April 2026 ECONOMY

According to a report by the State Bank of India (SBI), the GDP growth of India for FY26 is estimated at 7.6% and for FY27 it is projected to range between 6.8-7.1%. The report also estimated India’s average inflation at 4.5% and the fiscal deficit between 4.5-4.6%.

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