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The combined market valuation of the top-10 domestic firms eroded sharply by Rs 4.48 lakh crore last week, in tandem with a steep decline in equities, with banking majors State Bank of India and HDFC Bank taking the biggest hit. Last week, the BSE benchmark Sensex tanked 4,354.98 points or 5.51 per cent, and the NSE Nifty dropped 1,299.35 points or 5.31 per cent as surging crude prices raised concerns over inflationary pressures and global economic stability amid the widening conflict in West Asia. "The primary driver behind the market weakness was the sustained rise in crude oil prices following the escalating conflict between Iran, the United States and Israel. Brent crude surged past USD 101 per barrel, raising concerns over India's fiscal position and inflation outlook," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The market valuation of State Bank of India tumbled Rs 89,306.22 crore to Rs 9,66,261.05 crore. HDFC Bank faced an erosion of Rs 61,715.32 crore to Rs ...
State Bank of India on Wednesday said it will begin hiring of Junior Associates (Customer Service & Support) for 5,583 vacant positions across the country. The online registration window for applications will be open from August 6-26, 2025, SBI said in a statement. This fresh recruitment for FY26 comes on the back of the bank's hiring of 505 Probationary Officers and 13,455 Junior Associates in previous months with SBI aiming to further deepen and enhance its process and service delivery across the country, it said. As part of this nationwide hiring effort, opportunities will be available across SBI's vast network of branches and offices, offering the aspirants a chance to begin their career with a dynamic and growth-driven institution. Commenting on the recruitment drive, SBI Chairman CS Setty said onboarding the new talent pool is central to the bank's aim of strengthening its human resource capabilities by implementing structured skill development programmes aligned with ...