Sbi

Former Jammu & Kashmir Bank chief joins the SBI Group brokerage on deputation and will focus on technology, customer experience and long-term growth

The country's largest lender becomes the latest Indian issuer to tap overseas debt markets under the RBI's concessional swap window with a $300 million bond issue

SBI rolled out a 9x leverage facility under RBI's FCNR(B) scheme as India's forex reserves fell sharply on lower gold valuations

The country's largest lender plans to raise funds through long-term bonds, Basel III-compliant AT1 bonds and Tier 2 bonds during FY27

State Bank of India (SBI) on Thursday said its board has approved a proposal to raise up to Rs 60,000 crore in the current fiscal through the issue of debt instruments. The funds would be raised either in rupee and /or any other convertible currency by issue of debt instruments like long-term bonds, Basel III-compliant Additional Tier 1 Bonds and Basel III compliant Tier 2 Bonds. The funds would be raised through public offer or private placement mode to Indian and /or overseas investors during FY27, SBI said in a regulatory filing. Shares of SBI were trading at Rs 1,040.25, up 1.39 per cent over previous close on BSE.

SBI plans to launch rupee-denominated deposits in Sri Lanka to boost the use of the Indian currency in bilateral trade and investment

Both banks are targeting to raise around $500 million through five-year dollar bonds

The government has appointed Department of Financial Services Secretary Sanjay Lohiya to the central boards of the Reserve Bank of India and State Bank of India

A division bench comprising Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar admitted the application through an oral order

The Mumbai bench of the NCLT admitted SBI's application seeking recovery of more than Rs 1,200 crore from Ambani under provisions of the Insolvency and Bankruptcy Code

Twin challenges before banks are mobilisation of funds to support credit growth and fixing the cracks in certain segments of credit

C S Setty urges investors to focus on India's long-term structural transformation rather than short-term market movements

SBI's FY26 annual report highlights the lender's strong asset quality, healthy capital ratios, robust deposits and valuable subsidiaries

Aspires to emerge as India's leading wealth architect, says Chairman Setty

The comments come as SBI sharpens its 'Digital First, Customer First' strategy, with continued investments planned in technology, data analytics, AI, cybersecurity, and digital infrastructure

SBI staff under the aegis of the All India State Bank of India Staff Federation (AISBISF) have threatened to go on a two-day nationwide strike beginning May 25 to press for various demands, including the recruitment of adequate employees. If the strike materialises, it will affect SBI's banking operations for five days nationwide, as the fourth Saturday and Sunday fall before the strike date. Besides, there will be a holiday in many States on account of Eid al-Adha on May 27, a day after strike ends. Demands also include the recruitment of messengers, the recruitment of Armed Guards, and a change of Pension Fund Manager option to NPS Employees, AISBISF said in a statement. The union also demanded that the bank stop outsourcing permanent jobs, as it creates a direct risk of data leaks, misuse, fraud, and identity theft, endangering customer trust and exposing the Bank to severe reputational and legal consequences. Another demand concerns the appointment of the Workmen's Employee ..

SBI will partly fund JSW Motors Ltd.'s 'greenfield manufacturing facility' in Maharashtra, and may sell down part of the exposure to other lenders in the event of demand in the secondary loan market

Vodafone Idea expects to close talks with an SBI-led consortium soon after promoter equity infusion and AGR relief improved its financial position

Mutual funds increased exposure to select banking stocks in April while trimming holdings in IT, metals and industrial companies after recent market movements

SBI Managing Director Ashwini Tewari says insurance firms should prioritise protection products over ULIPs and calls for stronger safeguards against mis-selling