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State Bank of India (SBIN.NS)

812.70

+39.60

(+5.12%)

At close: 3:30 PM GMT+5:30

UPDATE 2-India's top court orders SBI bank to share political donors' names by Tuesday

India's Supreme Court on Monday rejected a plea by government-run State Bank of India for more time to make public names of individuals and companies who donated billions of rupees to political parties through an opaque funding system. The court had on Feb. 15 scrapped the seven-year-old election funding system that allowed unlimited and anonymous donations to political parties, calling it "unconstitutional". That decision was a setback for Prime Minister Narendra Modi's Bharatiya Janata Party, which has been the largest beneficiary of the system introduced in 2017, and came ahead of a national election expected to be held in April or May.

Reuters last month

SBIN.NS
+5.12%
India's top court orders SBI bank to share political donors' names by Tuesday

NEW DELHI (Reuters) -India's Supreme Court on Monday rejected a plea by government-run State Bank of India for more time to make public names of individuals and companies who donated billions of rupees to political parties through an opaque funding system. The court had on Feb. 15 scrapped the seven-year-old election funding system that allowed unlimited and anonymous donations to political parties, calling it "unconstitutional". That decision was a setback for Prime Minister Narendra Modi's Bharatiya Janata Party, which has been the largest beneficiary of the system introduced in 2017, and came ahead of a national election expected to be held in April or May.

Reuters last month

SBIN.NS
+5.12%
State Bank of India misses forecast as Q3 net profit drops 35%

MUMBAI (Reuters) -State Bank of India (SBI), the country's largest lender, on Saturday reported an unexpectedly steep 35% drop in net profit for the October-December quarter, weighed down by higher pension costs and wage revisions. Net profit fell to 91.64 billion rupees ($1.1 billion) in its fiscal third quarter from 142.05 billion rupees in the same period a year earlier, SBI reported in a stock exchange filing. Profit was hit by a 71-billion-rupee provision for wage revisions and pension costs, the bank said.

Reuters 2 months ago

SBIN.NS
+5.12%
Top 20 Most Valuable Indian Companies

In this article, we will look into the top 20 most valuable Indian companies. If you want to skip our detailed analysis, you can go directly to the Top 5 Most Valuable Indian Companies. An Outlook of the Indian Economy According to Deloitte’s Indian Economic Outlook 2023, The Indian economy is poised to emerge as […]

Insider Monkey 5 months ago

HDB

RELIANCE.NS
+0.68%
TCS.NS
+0.55%
India extends tenure of SBI chairman until August 2024 - order

NEW DELHI (Reuters) -India has extended the tenure of the chairman of the State Bank of India (SBI), the country's largest lender, until August next year, a government order said on Thursday. Dinesh Khara, who was due to retire later this week, will stay on till he turns 63 - the currently stipulated age of retirement for the SBI chairperson, the order said. The government has also extended the tenure of Ashwini Kumar Tewari as the managing director of the state-run lender for two years starting Jan. 27, 2024, as per the order.

Reuters 6 months ago

SBIN.NS
+5.12%
RBI imposes penalties on State Bank of India and two other state-owned banks for regulatory violations

The Reserve Bank of India (RBI) has imposed penalties on three state-owned banks, including the State Bank of India (SBI), Indian Bank, and Punjab&Sind Bank, for violation of various regulatory norms. The announcement was made on Monday.

Investing.com 6 months ago

SBIN.NS
+5.12%
INDIANB.NS
State Bank of India shares dip following announcement of infrastructure bond issuance

Shares of the State Bank of India (SBI), the country's largest lending institution, fell by 0.35%, equivalent to INR 2.10, on Monday, settling at INR 596.00. The decline followed an announcement from the bank about its plans to raise INR 10,000 crore through an infrastructure bond issuance.

Investing.com 6 months ago

SBIN.NS
+5.12%
State Bank of India raises Rs 10,000 crore via infrastructure bonds

The State Bank of India (SBI), the country's largest lender, has successfully raised Rs 10,000 crore through 15-year infrastructure bonds on Friday. The bonds were priced at a more favorable rate of 7.49%, which is five basis points cheaper than the coupon set at 7.54% for similar bonds issued in July. This marks SBI's fourth infrastructure bond issuance.

Investing.com 6 months ago

SBIN.NS
+5.12%
State Bank of India UK disrupts buy-to-let mortgage market with 3.9% interest rate

State Bank of India's UK arm (SBI UK) has introduced a 3.9% interest rate on its two-year fixed buy-to-let mortgage, significantly undercutting the current market average of 6.48%, as reported by Moneyfacts. This announcement, made on Friday, has sent shockwaves through the buy-to-let mortgage market.

Investing.com 6 months ago

SBIN.NS
+5.12%
SBI Foundation and IIT Bombay launch data science hub to revolutionize Indian banking sector

State Bank of India (SBI) and the Indian Institute of Technology, Bombay (IIT-B), have launched a collaborative initiative aimed at addressing challenges within the Indian Banking, Financial Services and Insurance (BFSI) sector. The "SBI Foundation Hub for Data Science and Analytics" was officially inaugurated on Wednesday by Dinesh Khara, Chairman of SBI, and Prof. Subhasis Chaudhuri, Director of IIT-Bombay.

Investing.com 7 months ago

SBIN.NS
+5.12%
SBI refutes claims of plummeting Indian household savings, cites shift to physical assets

The State Bank of India (SBI) has dismissed allegations that Indian net household financial savings have reached a five-decade low, arguing that the assessment of household saving capacity should also encompass physical savings.

Investing.com 7 months ago

SBIN.NS
+5.12%
Shift from financial to physical savings in India amid low-interest rate regime

The claim that Indian net household financial savings have declined to a 50-year low is misleading, according to research published by the State Bank of India (SBI) on Thursday. The bank's economists argued that the saving capacity of households should not solely be measured by financial savings, but also consider physical savings.

Investing.com 7 months ago

SBIN.NS
+5.12%
SBI launches digital service for NRIs to open accounts through YONO app

State Bank of India (SBI) has launched a digital service allowing Non-Resident Indians (NRIs) to open Non-Residential External (NRE) and Non-Residential Ordinary (NRO) accounts via its mobile application, YONO. The announcement was made on Monday, targeting primarily "new to bank" customers.

Investing.com 7 months ago

SBIN.NS
+5.12%
State Bank of India bets on private capex to grow corporate credit -Chairman

State Bank of India (SBI) expects to give out 3.5 trillion rupees ($42.30 billion) in corporate loans over the rest of this financial year as private companies step up investments in key sectors, the chairman of the country's largest lender said. And nearly 80% of this incremental loan demand is coming from the private sector, SBI chairman Dinesh Kumar Khara told Reuters in an interview over the weekend. About 70% of the 3.5 trillion rupees would be in term loans and help boost SBI's corporate loan book by 12%-13% this fiscal, said Khara.

Reuters 8 months ago

SBIN.NS
+5.12%
Weak demand for State Bank of India perpetual bonds as investors seek higher returns

India's largest lender State Bank of India (SBI) raised only the base amount in its first perpetual bond issue for fiscal 2024 as investors sought higher returns than the bank was willing to offer, merchant bankers said. SBI raised 31.01 billion rupees ($377.87 million) via the Basel III-compliant Tier-1 bond issue at a coupon of 8.10%. "The investors expected a higher coupon than the secondary market trading levels and the cutoff was very low compared to the market's comfort," said Venkatakrishnan Srinivasan, founder and managing partner of debt advisory firm Rockfort Fincap.

Reuters 9 months ago

SBIN.NS
+5.12%
India's top lender SBI posts record quarterly profit in Q4, tops view

MUMBAI (Reuters) -State Bank of India, the country's largest lender, on Thursday reported a more than 83% jump in fourth-quarter profit, led by a sharp drop in provisions on bad loans and healthy credit growth. Net profit was at a record 166.95 billion rupees ($2.04 billion) for the quarter ended March 31, compared with 91.14 billion rupees a year earlier, the lender said in an exchange filing. The lender's gross non-performing assets (NPA) ratio -- a key metric of asset quality -- fell to 2.78%, the lowest in more than 10 years, from 3.14% in the previous quarter and 3.97% a year ago.

Reuters 11 months ago

SBIN.NS
+5.12%
India's top bank has cut oil and gas lending—but isn't turning down risky projects

The State Bank of India (SBI) is among several global lenders to have poured billions of dollars into fossil fuel firms amid clarion calls to combat climate change.

Quartz 11 months ago

SBIN.NS
+5.12%

Performance Overview

Return	SBIN.NS	S&P BSE SENSEX
YTD	+26.58%	+2.91%
1-Year	+49.39%	+23.78%
3-Year	+152.40%	+55.27%

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State Bank of India (SBIN.NS)

UPDATE 2-India's top court orders SBI bank to share political donors' names by Tuesday

India's top court orders SBI bank to share political donors' names by Tuesday

State Bank of India misses forecast as Q3 net profit drops 35%

Top 20 Most Valuable Indian Companies

India extends tenure of SBI chairman until August 2024 - order

RBI imposes penalties on State Bank of India and two other state-owned banks for regulatory violations

State Bank of India shares dip following announcement of infrastructure bond issuance

State Bank of India raises Rs 10,000 crore via infrastructure bonds

State Bank of India UK disrupts buy-to-let mortgage market with 3.9% interest rate

SBI Foundation and IIT Bombay launch data science hub to revolutionize Indian banking sector

SBI refutes claims of plummeting Indian household savings, cites shift to physical assets

Shift from financial to physical savings in India amid low-interest rate regime

SBI launches digital service for NRIs to open accounts through YONO app

State Bank of India bets on private capex to grow corporate credit -Chairman

Weak demand for State Bank of India perpetual bonds as investors seek higher returns

India's top lender SBI posts record quarterly profit in Q4, tops view

India's top bank has cut oil and gas lending—but isn't turning down risky projects

Performance Overview