SBIN.NS - State Bank of India

NSE - NSE Real Time Price. Currency in INR
-0.35 (-0.10%)
At close: 3:29PM IST
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Previous Close335.30
Bid0.00 x 0
Ask0.00 x 0
Day's Range331.65 - 336.65
52 Week Range241.10 - 351.30
Avg. Volume20,980,504
Market Cap2.891T
PE Ratio (TTM)119.03
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reuters6 days ago

    Moody's gives Modi a boost by raising India's sovereign rating

    MUMBAI/BENGALURU, Nov 17 (Reuters) - Moody's Investors Service upgraded India's sovereign credit rating for the first time in nearly 14 years on Friday, saying continued progress on economic and institutional reforms would boost the country's growth potential. The agency said it was lifting India's rating to Baa2 from Baa3 and changed its rating outlook to stable from positive as risks to India's credit profile were broadly balanced. The upgrade, Moody's first of India since January 2004, moves the rating to the second-lowest investment grade, one notch higher than Standard & Poor's and Fitch, which have kept India just above "junk" status for a decade and more.

  • Reuters13 days ago

    Top lender SBI's results signal Indian banks' record bad loans peaking

    State Bank of India (SBI) posted quarterly results that indicated the nation's lenders may see a slower build-up of bad loans, but questions remain on how quickly and smoothly they can get rid of $146 billion of such debt that has already piled up. SBI, the nation's top lender with a share of more than fifth of the banking assets, reported on Friday a lower-than-expected profit, but its bad loan additions during the three months to end-September slowed sharply and pushed the overall bad-loan ratio down. Newly appointed SBI Chairman Rajnish Kumar, who took over last month, said they used the cushion from the insurance stake sale to bolster provisions and improve the coverage ratio by 431 basis points in a quarter to 65.1 percent.

  • Reuters14 days ago

    State Bank of India eyes profitable expansion outside home

    State Bank of India (SBI) will open more branches in Nepal and consider options to re-enter Vietnam under a three-year goal to grow its international operations to as much as 15 percent of total business, a senior executive said. India's top lender, with assets of more than $500 billion, was catapulted into the league of the top 50 global banks this year after it merged five subsidiary banks with itself. SBI, which is present in 35 countries but has more than half of its 206 offices in Asia, aims to increase the number of offices in neighbouring Nepal to 100 in the next one year from 88 currently to better tap a market it considers "under-penetrated" for banking, said Siddhartha Sengupta, a deputy managing director who leads the bank's international business.

  • Reuterslast month

    India embarks on $32.4 bln state bank recapitalisation to boost economy

    India's cabinet approved a $32.43 billion plan on Tuesday to recapitalise its state banks over the next two years, in a bid by Prime Minister Narendra Modi to tackle a major drag on the economy that has frustrated his attempts to boost growth. Once the world's fastest-growing major economy, India has seen its growth rate plummet to the lowest in three years, far below levels needed to create enough jobs to absorb the million Indians joining the work force every month.

  • New Chief of India's Biggest Bank Faces Mounting Bad Debts
    Bloomberg2 months ago

    New Chief of India's Biggest Bank Faces Mounting Bad Debts

    Prime Minister Narendra Modi’s government tapped Rajnish Kumar to helm State Bank of India, handing him the task of curtailing a surge in bad debts at the nation’s biggest lender.

  • Reuters2 months ago

    RCom's debt-repayment plan hits snag as Aircel deal collapses

    Reliance Communications is reassessing debt repayment options after a deal to merge its wireless arm with smaller rival Aircel was scrapped, dealing a fresh blow to the embattled Indian telecoms company. Widely known as RCom and controlled by wealthy businessman Anil Ambani, the company is saddled with net debt of about $6.8 billion.

  • Reuters2 months ago

    RCom's debt-repayment plan hits snag as Aircel deal collapses

    * RCom agrees with Aircel to drop merger * Cites regulatory delays and legal uncertainties for move * RCom had net debt of $6.8 bln at end of March * Bonds slip only marginally as subordination risk diminishes ...

  • India's Sensex Reaches Record High as State Bank of India Surges
    Bloomberg5 months ago

    India's Sensex Reaches Record High as State Bank of India Surges

    India’s stocks benchmark rose as the country’s largest lender by assets, State Bank of India, advanced for a second day on optimism the bad-loan problem for state-run lenders has peaked.

  • Bloomberg6 months ago

    State Bank of India's Sour Loans

    Bloomberg Intelligence's Diksha Gera reports on the performance of the State Bank of India. She speaks on "Bloomberg Daybreak: Asia." (Source: Bloomberg)

  • SBI Says Banking Sector Needs Help on Bad Loans
    Bloomberg9 months ago

    SBI Says Banking Sector Needs Help on Bad Loans

    State Bank of India Chair Arundhati Bhattacharya discusses the rise of bad loans in India. She speaks on "Bloomberg Daybreak: Asia." (Source: Bloomberg)

  • Reuters9 months ago

    India's top lender examining notes at ATMs after fake currency report - statement

    India's top lender State Bank of India said on Wednesday it is examining all currency notes at automated teller machines after media reports cited fake 2,000 rupee notes being dispensed by one of its ATMs ...

  • Reuters10 months ago

    India plans expansive budget despite growth, revenue worries

    India's finance minister is likely to borrow more than originally planned when he presents the budget on Feb. 1, senior aides and officials said, despite counting on revenues from a national sales tax whose launch date is still unknown. Arun Jaitley is looking at how to fund giveaways to taxpayers and higher public investment to help nurse Asia's third-largest economy back to health after the government's shock decision in November to abolish high-value banknotes.

  • Bloomberg10 months ago

    SBI Chair: Demonetization Has Been Very Difficult

    State Bank of India Chair Arundhati Bhattacharya discusses how India's cash ban has impacted the economy. She speaks with Bloomberg's Erik Schatzker at the World Economic Forum in Davos, Switzerland. (Source: ...

  • Bloomberg10 months ago

    Credit Default Risk Falls at State Bank of India on Deposits

    The cost of insuring the bonds of State Bank of India dropped to the lowest in almost six years as deposits at the country’s largest lender surged after Prime Minister Narendra Modi forced residents to ...

  • Reuters10 months ago

    India's Bharti Airtel to spend $441 mln to set up payments bank

    MUMBAI/NEW DELHI, Jan 12 (Reuters) - Bharti Airtel Ltd , India's top wireless carrier, on Thursday unveiled a so-called payments bank, committing an initial investment of 30 billion rupees ($441 million) to build a nationwide network. Airtel Payments Bank is the first among several such niche banks to start operations, after the central bank handed over new permits to bring financial services within the reach of millions who still lack access to formal banking. Several of Bharti's competitors have also received payments bank licenses, including Reliance Industries, which has entered the country's telecoms sector through unit Jio, as well as Vodafone Group Plc and Idea Cellular.