Sbi

The lender uses GST, account, bureau and other data in its AI-backed underwriting engine, while deploying the technology in fraud detection, customer care and cheque processing

The lender raised $500 million through five-year dollar bonds at 88 bps over US Treasuries and could return to the overseas market depending on its funding and liquidity needs

The country's largest lender, State Bank of India (SBI), used artificial intelligence to underwrite nearly Rs 1 lakh crore in MSME loans of up to Rs 5 crore each during 2025-26, a senior bank official said on Wednesday. "In FY26, in 12 months time, we are able to underwrite loans up to Rs 5 crore, both covering the new-to-bank customers, as well as existing customers. Almost Rs 1 lakh crore we were able to underwrite," SBI Managing Director Rama Mohan Rao Amara said at the annual FIBAC event here. He added that the bank is also deploying artificial intelligence, including Large Language Models (LLMs), to automate processing of cheques up to Rs 10,000. The use of AI has helped free up the bandwidth of relationship managers, who earlier spent considerable time collecting data and carrying out preliminary analysis, the official said. Cheques of up to Rs 10,000 account for around 25 per cent of the bank's cheque volumes, and the AI model can read the cheque and verify mandatory fields

SBI plans to raise funds through five-year dollar bonds, with the final issue size hinging on its ability to compress the initial pricing guidance

SBI had the largest amount of unclaimed deposits transferred to the fund at Rs 20,040 crore, followed by Punjab National Bank at Rs 7,585 crore, Canara Bank at Rs 6,830 crore

SBI's nowcasting model showed 86 per cent of 54 high-frequency indicators accelerating in Q1FY27, while government capital expenditure remained supportive in the quarter

C S Setty said banks must take AI beyond retail applications to improve credit access, risk assessment and productivity while strengthening cybersecurity and governance

SBI Share: Analysts largely maintained bullish views on SBI shares following the Q1 results, foreseeing a 22 per cent upside from last closing price.

The combined market valuation of four of the top-10 most valued firms jumped Rs 1.43 lakh crore last week, with State Bank of India emerging as the biggest gainer. Last week, the BSE benchmark Sensex climbed 404.53 points, or 0.51 per cent, and the NSE Nifty went up by 187.05 points, or 0.76 per cent. "Markets ended the week with modest gains despite heightened volatility, as investors navigated the roll-out of the new Closing Auction Session (CAS) framework for F&O stocks, the Reserve Bank of India's monetary policy decision, and lingering geopolitical uncertainties," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro were the gainers, while Bharti Airtel, HDFC Bank, ICICI Bank, Bajaj Finance, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced a combined erosion of Rs 1.23 lakh crore from their valuation. State Bank of India added Rs ...

Bank looks to mobilise $10 billion via FCNR (B) deposits

SBI's YONO Pay is gaining traction among the bank's customers, but its volumes remain far behind market leaders PhonePe and Google Pay, which dominate UPI transactions

SBI has launched a dedicated recruitment drive for Junior Associates for 1,538 backlog vacancies in specialised categories. Online applications are open from today, Aug 7, till Aug 27, 2026

The country's largest lender, State Bank of India (SBI) on Friday posted 13.73 per cent rise in its June quarter consolidated net profit at Rs 24,113 crore. The bank had logged a net profit of Rs 21,201.47 crore in the year-ago period and Rs 19,642.87 crore in the preceding March quarter. On a standalone basis, the bank's net profit grew 10.23 per cent on-year to Rs 21,121.22 crore as against Rs 19,160.44 crore in April-June 2025, a regulatory filing said. Total income rose to Rs 1.43 lakh crore from Rs 1.35 lakh crore a year ago, while total expenditure was up at Rs 1.10 lakh crore from Rs 1.04 lakh crore. Provisions for non-performing assets reduced to Rs 3,359 crore in June quarter from Rs 4,934 crore a year ago, but were higher than Rs 3,140 crore in the quarter-ago period. Gross non-performing assets ratio improved to 1.47 per cent as on June 30, 2026 from 1.49 per cent at March-end and 1.83 per cent a year ago. The bank's overall capital adequacy ratio stood at 15.67 per c

SBI has reported a standalone net profit of ₹21,121 crore in Q1FY27, up 10 per cent from ₹19,160 crore posted in the same quarter a year ago.

Q1FY27 company results: Firms including Oil India, Power Finance Corporation, BEML, Godrej Consumer Products, and The Ramco Cements are also to release their April-June earnings today

SBI, Titan Company, Hindalco, Power Finance, Oil India and Cupid among firms slated to post their June quarter results.

Analysts said that comments on NIM recovery, the impact of ECL transition, and mobilisation of FCNR deposits for the quarter are the key monitorables that investors must track in SBI's Q1 results.

The currency had declined to a record low in May but has steadied after the measures were announced in June

The country's largest lender received 89 bids and retained Rs 4,691 crore from the perpetual bond issue, marking the first AT-I issuance by a bank in FY27

The RBI said the Delhi High Court has ordered the winding up of Paytm Payments Bank (PPBL) following the central bank's petition and cleared the appointment of Nair as the official liquidator