State Bank of India News

State Bank of India buys nearly 40% of Reliance's $1.35 billion debt sale

The state-run bank ‌is estimated to have bought bonds worth nearly 50 billion rupees, or about 40% of the offering

Nifty PSU Bank tanks 2%, stocks dip up to 4%; Analysts flag rate hike woes

PSU Bank stocks slide: Bank of India, Bank of Maharashtra, Union Bank of India, Canara Bank, Punjab National Bank and Bank of Baroda declined 2-4% in Monday's trading session.

Financial sector has reinforced growth momentum: SBI Chairman C S Setty

SBI Chairman C S Setty says stronger bank profitability, credit demand and asset quality give the sector greater capacity to support investment and India's next stage of growth

FCNR(B) may generate ₹5 trn notional profit for banks over 5 years: SBI

SBI Research estimates $127 billion in FCNR(B) deposits could support ₹25 trillion of additional bank credit and generate ₹5 trillion in notional profit over five years

SBI may soon issue sanction letter to Vi for its share of ₹35K cr funding

This move is likely to prompt other lenders to move forward with their decision to back telco

SBI to complete software, hardware deployment for DPDP compliance by Dec

State Bank of India (SBI) has procured software and hardware as part of its preparations for compliance with the Digital Personal Data Protection (DPDP) framework, with installation and deployment expected to be completed by December, a senior bank official said on Friday. "Procurement of software is done and the deployment will be completed by December for DPDP compliance. Some hardware and software have been procured, and the installation will be done by December," the official said on condition of anonymity. As one of the country's largest banks, SBI processes large volumes of customer and financial data across its banking operations, making data security and privacy an important part of its technology and compliance architecture. The procurement and installation of the technology infrastructure aim to strengthen the bank's systems as it prepares to implement the new data protection regime. The move comes as banks and other organisations that process personal data are preparing

SBI to use UPI data to lend to small businesses without GST registration

India's largest lender is developing a solution that will use UPI transaction data as a proxy for sales to extend loans to small businesses outside the GST system

Foreign investors may rejig allocation to Indian financials: Jefferies

Beyond the core earnings trajectory, clarity on the tenure and succession plans of chief executives at large financial institutions will also be important for the sector, analysts said.

NSE IPO shrinks as SBI, Bank of Baroda, MS Strategic trim their OFS size

Key selling shareholders have reduced the offer to 126.4 million shares from 148.9 million earlier; IPO is now expected to garner up to Rs 23,000 crore

SBI cautions customers ahead of September 11 nationwide bank strike

SBI has advised customers to complete important transactions before September 11 and use ATMs, customer service points and digital banking channels during the strike

SBI, BoB, Canara Bank: 8 out of 12 Nifty PSU Bank stocks trade below 200-DMA

The 200-DMA is a technical indicator widely used to determine the long-term trends of the underlying index or stock. Indices or stocks trading below the 200-DMA are considered to be in a downtrend.

ICICI Bank, SBI: Foreign brokerages pick winners in the Indian banking pack

Among large private banks, Goldman Sachs sees the strongest upside in ICICI Bank; Bernstein, meanwhile, rates ICICI Bank, Axis Bank, HDFC Bank and IndusInd Bank as 'Outperform.

SBI's total business may double to ₹200 trillion by 2030: Chairman

State Bank of India's total business could potentially double to around Rs 200 lakh crore by 2030, when the bank celebrates its platinum jubilee, given the current growth trajectory, Chairman C S Setty said. SBI came into existence on July 1, 1955 through an Act of Parliament, which, among other things, provided for the transfer of the undertaking of the Imperial Bank of India. The country's biggest lender crossed the landmark of Rs 100 lakh crore total business, which is an aggregate of total loans and advances in the second quarter of the last financial year. This further increased to Rs 110.01 lakh crore at the end of June 2026. Whether the bank had set a specific target for its platinum jubilee year, Setty said there was no formal milestone, but the bank's growth trajectory could take its total business to Rs 170-180 lakh crore and potentially as high as Rs 200 lakh crore by 2030. "We don't have any milestone, but if you take the current growth rate, I think we should be around

SBI acquires Pune property for ₹414 crore for Maharashtra Circle office

The acquisition at Kharadi Knowledge Park includes leasehold rights to an 8,581-square-metre land parcel, ownership of a 15-storey building and 200 parking spaces

Stocks to watch: Tata Motors, Tata Power, Mankind Pharma, SBI, RailTel

Stocks to watch today: Tata Motors, Tata Power, Mankind Pharma, SBI, RailTel, KIMS, DEE Development Engineers, L&T Finance, KIMS, sugar stock, among others, will be in focus today.

Nifty PSU Bank index surges 2% in weak market; PNB, UBI gain up to 5%

At 11:31 AM on Wednesday, the Nifty PSU Bank index was the top gainer among sectoral indices up 1.6 per cent, as compared to a 0.74 per cent decline in the Nifty 50.

SBI dips 1.5% despite all-round Q1 beat: Opportunity to buy PSU stock?

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

DII equity inflows top Rs 5 trillion for third straight calendar year

Within the Nifty-500, DIIs were overweight in Consumer, public sector undertaking (PSU) Banks, Oil & Gas, Telecom, Metals, and Technology sectors in the June 2026 quarter, reports suggest.

SBI net profit rises 10% to ₹21,121 crore in Q1 on strong loan growth

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

We have definitely missed the payments bus, says SBI Chairman Setty

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