State Bank of India News

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

SBI Q1 results: Net profit rises 10.2% to ₹21,121 cr, income at ₹1.43 trn

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 shares gain 3.5% as Q1 profit jumps 10% to ₹21,121 crore, NII up 15%

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.

Q1 results: SBI, Hindalco, Titan Company, BEML, and 202 more on Aug 7

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

Stocks to watch: SBI, Titan, LIC, Reliance Power, Swan Defence & Britannia

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

SBI Q1 Results Preview: Profit may fall 6-10%; NIMs to recover marginally

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.

Rate sensitives shine: Realty up 3%, NSE Auto hits new peak on rate pause

Among interest rate sensitives, Exide, Uno Minda, Bosch, Tata Motors CV, Ashok Leyland, Godrej Properties, DLF and Lodha Developers gained 3-5% in Wednesday's intra-day trade post RBI policy.

Nifty50 spends 100 trading days below 200-DMA, longest in a decade

The NSE Nifty 50 index has been quoting below its long-term 200-day moving average since February 27, 2026.

Paytm Payments Bank to be wound down after Delhi High Court order

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

Large Indian banks revive dollar bond plans after period of lull

Indian banks are preparing dollar bond issuances before the RBI's concessional swap window closes in December, seeking cheaper overseas funding options

No further dilution by SBI in SBI Funds Management: Chairman C S Setty

SBI Funds Management made a subdued debut on the bourses, listing at Rs 613.30, a premium of 6.85 per cent over its issue price of Rs 574

Nifty Bank index tanks 2%; HDFC Bank, Axis Bank plunge 5% post Q1 results

HDFC Bank and Axis Bank were down 5 per cent each, while Yes Bank and Kotak Mahindra Bank from the Nifty Bank index were down 4 per cent each in intra-day deals on Monday.