SBIN.NS - State Bank of India

NSE - NSE Real Time Price. Currency in INR
338.40
+0.85 (+0.25%)
As of 2:29PM IST. Market open.
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Previous Close337.55
Open338.90
Bid338.10 x 0
Ask338.45 x 0
Day's Range333.55 - 340.45
52 Week Range247.40 - 347.55
Volume23,558,518
Avg. Volume21,165,426
Market Cap3.02T
Beta (3Y Monthly)1.51
PE Ratio (TTM)131.16
EPS (TTM)2.58
Earnings DateAug 8, 2019 - Aug 13, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-05-26
1y Target Est348.98
  • Modi Masked His Reform Failings With Bombs and Nationalism
    Bloomberg12 hours ago

    Modi Masked His Reform Failings With Bombs and Nationalism

    On a cool Delhi evening in November 2016, Narendra Modi hastily called a national address to make the most consequential decision of his premiership: Effective at midnight, some 86 percent of India’s cash would no longer be valid in a bid to stamp out corruption. Panic quickly ensued as India’s 1.3 billion people—many with no bank accounts or credit cards—rushed to exchange banned 500 and 1,000 rupee notes. “Modi will have learnt from his first term that controlling the political narrative can yield huge political dividends,” said Katharine Adeney, director of the University of Nottingham Asia Research Institute.

  • Etihad submits bid for Jet Airways, eyes minority stake
    Reuters12 days ago

    Etihad submits bid for Jet Airways, eyes minority stake

    ABU DHABI/MUMBAI/NEW DELHI (Reuters) - Middle Eastern carrier Etihad Airways has submitted a bid for a stake in India's Jet Airways, the unit of State Bank of India (SBI) overseeing the sale of the stricken airline said on Friday. Etihad, which already holds a minority stake in Jet, is interested in re-investing in the airline, subject to certain conditions, a spokesman for the Middle Eastern carrier said earlier on Friday.

  • Etihad submits bid for India's Jet, eyes minority stake
    Reuters12 days ago

    Etihad submits bid for India's Jet, eyes minority stake

    ABU DHABI/MUMBAI/NEW DELHI (Reuters) - Middle Eastern carrier Etihad Airways has submitted a bid for a stake in India's Jet Airways, the unit of State Bank of India (SBI) overseeing the sale of the stricken airline said on Friday. Etihad, which already holds a minority stake in Jet, is interested in re-investing in the airline, subject to certain conditions, a spokesman for the Middle Eastern carrier said earlier on Friday.

  • Reuters12 days ago

    State Bank of India gets sealed bid for Jet Airways from Etihad

    BENGALURU (Reuters) - A unit of State Bank of India, which is overseeing the bidding process for Jet Airways Ltd, said on Friday it had received a sealed bid from Etihad Airways, and it would submit the ...

  • SBI misses fourth-quarter profit estimate, provisions up quarter-on-quarter
    Reuters12 days ago

    SBI misses fourth-quarter profit estimate, provisions up quarter-on-quarter

    State Bank of India (SBI) reported a smaller-than-expected quarterly profit on Friday, partly due to provisions for bad loans that the country's largest lender by assets set aside in the quarter. The Indian banking sector has been plagued by record levels of bad loans for years, and state-run lenders including SBI account for the biggest share of the pile. Net profit came in at 8.38 billion rupees ($120.04 million) for the three months ended March 31, compared with the loss of 77.18 billion rupees reported last year that was caused by a surge in bad loans, SBI said.

  • Reuters17 days ago

    India sees little scope for Jet Airways revival -government sources

    India's government sees little hope of a bidder emerging for debt-laden Jet Airways Ltd , two senior finance ministry officials said, even as thousands of employees plead with the government for a rescue. Parties that had initially expressed interest in Jet, which is saddled with roughly $1.2 billion of debt, have so far failed to make firm bids to bail it out, increasing the odds that it could soon face bankruptcy proceedings.

  • CNBC20 days ago

    Don't blame state banks for weakness in India's economy, says the country's largest lender

    "Gradually, the banking system is coming out of this stressed assets problem," said Rajnish Kumar, chairman of the State Bank of India.

  • Jet Airways' lenders hope bidding process can save airline
    Associated Presslast month

    Jet Airways' lenders hope bidding process can save airline

    NEW DELHI (AP) — Creditors of India's beleaguered Jet Airways said they were "reasonably hopeful" that a bidding process with potential investors for a controlling stake in the airline would save the company, while airline employees rallied in New Delhi and Mumbai for a government rescue.

  • Reuterslast month

    'Can't sleep at night': Despair over jobs as India's Jet Airways grounded

    Bhoja Poojari has handled baggage for India's Jet Airways Ltd since it began flying nearly 26 years ago. Now, like many other Jet employees, he fears for the future as the debt-laden airline descends into crisis. Thousands of employees have been stung by the rapid unravelling of Jet Airways, which, saddled with more than $1.2 billion in bank debt, grounded all its planes on Wednesday after lenders rejected a plea for emergency funds.

  • India's Jet Airways finds itself out of runway as funds dry up
    Reuterslast month

    India's Jet Airways finds itself out of runway as funds dry up

    MUMBAI/NEW DELHI (Reuters) - Embattled Jet Airways halted all flight operations indefinitely on Wednesday after its lenders rejected its plea for emergency funds, potentially bringing the curtains down on what was once India's largest private airline. "The airline has been left with no other choice today but to go ahead with a temporary suspension of flight operations," the company said in a two-page statement late on Wednesday. The airline, which has roughly 16,000 employees, has in recent weeks been forced to cancel hundreds of flights and to halt all flights out of India, as funds have dried up.

  • Reuterslast month

    Timeline - Jet Airways: How the 'Joy of Flying' airline's dreams soured

    (Reuters) - Beleaguered carrier Jet Airways halted all operations on Wednesday after its lenders rejected its plea for emergency funding from the airline that was once India's largest private carrier. ...

  • India's Jet Airways suspending operations, no money to fly
    Associated Presslast month

    India's Jet Airways suspending operations, no money to fly

    NEW DELHI (AP) — Jet Airways, once India's largest airline, announced on Wednesday that it is suspending all operations after failing to raise enough money to run its services.

  • Reuterslast month

    Jet Airways: How the 'Joy of Flying' airline's dreams soured

    Beleaguered carrier Jet Airways halted all operations on Wednesday after its lenders rejected its plea for emergency funding from the airline that was once India's largest private carrier. The airline, ...

  • India's Jet Airways stock falls on report of temporary close
    Associated Presslast month

    India's Jet Airways stock falls on report of temporary close

    NEW DELHI (AP) — Beleaguered Indian airline Jet Airways' stock fell sharply on Tuesday after its former chairman reportedly withdrew plans to bid for a controlling stake in the company and news media said its flight operations might be temporarily halted.

  • CNBClast month

    Jet Airways stock suffers heavy losses after emergency funding doubts

    The carrier has already suspended international operations till April 18. The Indian airline's pilots have gone without salaries for months. Almost twenty percent of the value of Indian airline Jet Airways was wiped away at one stage Tuesday, following uncertainty over lifeline funding needed to keep planes flying.

  • Can State Bank of India (NSE:SBIN) Survive The Next Financial Crisis?
    Simply Wall St.last month

    Can State Bank of India (NSE:SBIN) Survive The Next Financial Crisis?

    As a large-cap stock with market capitalization of ₹2.8t, State Bank of India (NSE:SBIN) is classified as a major bank. As these large financial institutions revert back to health after the Global Financial Crisis, we are seeing an incr...

  • India's Jet Airways flying just 7 planes amid investor talks
    Associated Presslast month

    India's Jet Airways flying just 7 planes amid investor talks

    NEW DELHI (AP) — India's ailing Jet Airways drastically cut back its operations on Monday amid talks with investors on purchasing a controlling stake in the debt-laden airline.

  • CNBClast month

    India's Jet Airways cancels all international flights as debt problems deepen

    Jet Airways canceled all international flights on Friday. The Indian airline has run out of cash, forcing pilots to go without salaries for months. The debt-swamped Indian airline Jet Airways has canceled all of its international flights onr Friday.

  • Reuterslast month

    Jet hits more turbulence as fleet shrinks and fuel terms tightened

    NEW DELHI/SINGAPORE, April 10 (Reuters) - Jet Airways is fighting for survival as its fleet shrinks and some refiners tighten fuel supply terms despite efforts by the airline's lenders to find a new investor to bail out the cash-strapped Indian carrier. Saddled with more than $1.2 billion of bank debt, the airline has been teetering for weeks and has yet to receive a loan of about $217 million from its lenders as part of a rescue deal agreed in late March. Jet's fleet had shrunk to 119 earlier this year from 124 planes last year and India's aviation regulator has approved the de-registration of seven grounded Boeing 737 planes leased to Jet, according to notices posted on the Directorate General of Civil Aviation's (DGCA) website on Wednesday.

  • Reuterslast month

    Morning News Call - India, April 10

    To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_04102019.pdf. If you would like to receive this newsletter via email, ...

  • State Bank of India cuts benchmark lending rates by five basis points
    Reuterslast month

    State Bank of India cuts benchmark lending rates by five basis points

    The marginal cost of fund-based lending rate, or the MCLR, now stands at 8.50 percent for the one-year tenor, down from 8.55 percent, SBI said in a statement. The move comes days after the Reserve Bank of India cut its policy interest rate by 25 basis points, in a widely expected move to boost the economy. The lender also reduced the interest rate on housing loans of up to 3 million rupees ($43,280.68) by 10 basis points to a range between 8.60 percent and 8.90 percent per annum.

  • A stable government is the 'need of the hour': State Bank of India
    CNBC Videos20 days ago

    A stable government is the 'need of the hour': State Bank of India

    Rajnish Kumar of the State Bank of India says he has a "firm belief" in the wisdom of the Indian electorate. He also discusses consolidation of banks in India.