Govt appoints Rama Mohan Rao Amara as new MD of SBI
Dec 18, 2024, at 11:19 pm
Mumbai: Rama Mohan Rao Amara has been appointed as the new Managing Director (MD) of the State Bank of India (SBI) for a tenure of three years, according to a Reuters report, the state-owned lender informed the exchanges.
SBI's fundraise touches Rs 50,000 cr via bonds so far in FY25
Nov 28, 2024, at 01:58 am
Mumbai: The State Bank of India (SBI) has raised a total of Rs 50,000 crore so far in the current financial year, with Rs 10,000 crore secured through its latest infrastructure bond issuance earlier this month.
SBI targets $1.25 billion in one of India's largest bank lending in 2024
Nov 15, 2024, at 07:39 pm
Mumbai/IBNS: The State Bank of India (SBI) is set to raise up to $1.25 billion through a dollar-denominated loan, marking the largest such borrowing by the country’s financial sector this year, Bloomberg reported, citing sources familiar with the matter.
SBI Q2FY25 net profit grows 28% YoY Rs 18,331 cr; NII at Rs 41,620 cr
Nov 08, 2024, at 10:46 pm
Mumbai: State Bank of India (SBI) reported a substantial profit of Rs 18,331 crore, marking a 28% year-on-year increase and surpassing market expectations. crore.
SBI classifies MTNL loan accounts as sub-standard NPA: Report
Oct 05, 2024, at 05:25 am
Mumbai: State Bank of India has classified the loan accounts of debt-laden state-owned MTNL as sub-standard non-performing assets due to missed payments of instalments and interest since June 30, according to a regulatory filing by the telecom firm, media reports said.
SBI raises Rs 7,500 cr via Basel III compliant Tier 2 bonds
Aug 28, 2024, at 10:55 pm
Mumbai: State Bank of India (SBI), the country’s largest lender, raised Rs 7,500 crore today at a coupon rate of 7.42% through its first Basel III compliant Tier 2 bond issuance for the current financial year, the lender said in a press release on Wednesday.
Deposit mobilisation not a challenge for bank, says SBI chairman Dinesh Khara
Aug 24, 2024, at 11:01 pm
Mumbai/IBNS: Dinesh Kumar Khara, the chairman of India's largest public sector bank State Bank of India (SBI), on Friday (August 23) said that he does not foresee any challenges for the bank in deposit mobilisation, despite the intensified competition among banks to attract deposits by raising short-term deposit rates.
Proposal to extended retirement age of SBI chairperson, MDs of PSBs put on hold
Aug 21, 2024, at 01:33 am
Mumbai: The government has paused a proposal to increase the retirement age of the State Bank of India (SBI) chairperson to 65 years and that of managing directors of other public sector banks (PSBs) to 62, according to sources cited by Moneycontrol.
EMIs on loans set to increase as SBI hikes lending rates by 10 bps across tenures
Aug 17, 2024, at 06:07 pm
New Delhi/IBNS: India's largest public sector lender State Bank of India (SBI) has announced a rise in its marginal cost of funds-based lending rate (MCLR) by up to 10 basis points (0.1 percent) across all tenures.
Adani Group pledges 51% stake in Navi Mumbai airport for Rs 12,770 cr loan: Report
Aug 16, 2024, at 10:11 pm
Mumbai: The Adani Group-controlled Mumbai International Airport Ltd (MIAL) has pledged a 51 percent stake in the Navi Mumbai International Airport (NMIAL) to the State Bank of India (SBI), media reports said.
SBI plans to sell stake worth Rs 2.2 billion in Yes Bank by end of March 2025: Report
Aug 14, 2024, at 02:42 am
Mumbai: India’s largest lender the State Bank of India (SBI) plans to finalise a deal by the end of March to sell its 24 percent stake in Yes Bank, valued at Rs 18,420 crore (around $2.2 billion), Reuters reported.
SBI raises Rs 10,000 cr via infra bonds
Jun 27, 2024, at 04:19 am
Mumbai: The State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds to finance projects in sectors such as power and roads.
SBI to raise Rs 10,000 cr via infra bonds: Report
Jun 18, 2024, at 10:31 pm
Mumbai: The State Bank of India (SBI), the country's largest lender, has initiated discussions with market participants to raise approximately Rs 10,000 crore ($1.20 billion) through infrastructure bonds, reported Reuters on Tuesday, citing two merchant bankers.
State Bank of India to raise $3 billion via debt in FY2025
Jun 12, 2024, at 05:13 pm
Mumbai/IBNS: India's largest lender State Bank of India (SBI) on Tuesday (June 11) said that its board has approved raising up to $3 billion via debt in the current fiscal year (FY25), reports said.
State Bank of India becomes 7th Indian listed company with market cap of Rs 8 lakh cr
Jun 03, 2024, at 09:34 pm
Mumbai: State-run lender State Bank of India has become the seventh Indian listed company to surpass a market capitalization of Rs 8 lakh crore.
State Bank of India raises fixed deposit rates for retail and bulk deposits
May 15, 2024, at 09:49 pm
Mumbai: The State Bank of India (SBI) has hiked rates of its fixed deposit interest for specific tenures on retail deposits, up to Rs 2 crore, and bulk deposits, above Rs 2 crore.
State Bank of India is now the first bank to become Trading cum Clearing (TCM) Member of IIBX
May 13, 2024, at 11:30 pm
The country’s largest commercial bank, State Bank of India (SBI) has announced that it has secured the distinction of being the first bank to become a Trading cum Clearing (TCM) Member at India International Bullion Exchange.
SBI Q4FY24: PAT grows 24% YoY to Rs 20,698 cr; NII grows 19% to Rs 1.11 lakh cr
May 10, 2024, at 03:27 am
Mumbai: India’s largest lest lender State Bank of India (SBI) on Thursday reported net profit of Rs 20,698 crore, marking a 24 percent year-on-year increase for the fourth quarter of FY 24.
PSU Bank shares drop as new RBI norms for infra project financing spoil mood
May 07, 2024, at 02:02 am
Mumbai/IBNS: The shares of state-run lenders of India, including State Bank of India (SBI), Punjab National Bank (PNB), Union Bank of India, Bank of Baroda (BOB), and Maharashtra Bank, tumbled up to 6 percent on Monday after the Reserve Bank of India (RBI) published a draft proposing tighter rules for lending and heightened monitoring for under-construction infrastructure projects, reports said.
SBI Cards Q4FY24 net profit grows 11% YoY to Rs 662.37 cr
Apr 27, 2024, at 04:53 am
Mumbai: SBI Cards and Payment Services on Friday reported a net profit increase of 11.05 percent to Rs 662.37 crore in the March quarter of the financial year (FY) 2023-24, up from Rs 596.47 crore recorded in the corresponding period last year.
SBI revises yearly maintenance charges of some cards
Mar 28, 2024, at 06:07 am
Mumbai: The State Bank of India (SBI) has updated the yearly maintenance fees for specific debit cards.
SBI Yono app to remain down on this date and time
Mar 23, 2024, at 05:30 am
New Delhi: State Bank of India’s Internet Banking Service channels—Yono Lite, Yono Business Web & Mobile App, YONO and UPI will be down on Saturday, March 23, 2024, according to the SBI website.
Q3FY24 GDP to drop to 6.7-6.9% due to poor agri performance
Feb 29, 2024, at 04:36 am
Mumbai: The Indian economy is expected to grow by 6.7-6.9 percent in the December quarter of FY24, down from the 7.6 percent growth recorded in the second quarter, according to a report by SBI Research released on Wednesday.
State Bank of India Q3FY24: Net profit declines 35%YoY to Rs 9,164 cr; NII grows 4.59%
Feb 04, 2024, at 02:04 am
Mumbai: Public sector lender State Bank of India (SBI) reported a net profit of Rs 9,164 crores, down 35.49% year-on-year compared to Rs 14,205 crores.
Govt open to divesting stake in SBI, ONGC: Nirmala Sitharaman
Feb 03, 2024, at 05:07 am
New Delhi: Finance Minister Nirmala Sitharaman on Friday stated that the government is open to the concept of disinvesting equity stakes in prominent Public Sector Undertakings (PSUs), including the likes of State Bank of India (SBI) and Oil and Natural Gas Corp (ONGC).
SBI Cards Q3 FY24 PAT grows 8% YoY to Rs 549 cr
Jan 27, 2024, at 09:00 am
Mumbai: SBI Cards experienced a substantial 30% YoY increase in total revenue, reaching Rs 4,742 crore in Q3 FY24, up from Rs 3,656 crore in Q3 FY23.
SBI’s Basel III compliant Additional Tier 1 Bond Issuance
Jan 19, 2024, at 04:51 am
Mumbai: Public sector lender State Bank of India (SBI) raised Rs 5,000 crore on Thursday through its second Basel III compliant Additional Tier 1 bond issuance for the current financial year at a coupon rate of 8.34 percent.
SBI launches Green Rupee Term Deposit. Know who can avail them
Jan 12, 2024, at 07:37 pm
The country's largest lender State Bank of India (SBI) has launched the SBI Green Rupee Term Deposit (SGRTD) with the aim of mobilizing funds to support environment-friendly initiatives and projects.
SBI to increase stake in SBI Pension Funds to 80%
Dec 06, 2023, at 02:06 am
Mumbai: State Bank of India Tuesday said it plans to buy a 20 percent stake in SBI Pension Funds in SBI Pension Funds held by SBI Capital Markets.
SBI Q2FY24 net profit goes up 8% to Rs 14,330; NII stands at Rs 39,500 cr
Nov 05, 2023, at 03:31 am
Mumbai: State Bank of India (SBI) has announced a net profit of Rs 14,330 crore for the July-September quarter of FY24, marking an 8-percent increase from the Rs 13,265 crore recorded in the same period the previous year.