SBI targets $1.25 billion in one of India's largest bank lending in 2024
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
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
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
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
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
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
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
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
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
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.