SBI raises Rs 10,000 cr via infra bonds
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
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
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
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
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
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
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
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
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
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
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
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%
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
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
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.