Page 3 - State Bank of India News

SBI, BoB, IoB, Canara Bank: Nifty PSU Bank slips 4% amid West Asia jitters

Investor sentiments continued to be in a risk-off mood after Iran widened its warnings to target buyers of US Treasury bonds, as the Trump administration's 48-hour ultimatum neared expiry

Valuations favour private banks over PSBs: Kotak Institutional Equities

Kotak Institutional Equities is bullish on private banks over PSU banks peers citing better valuations and risk-reward.

Nifty PSU Bank index soars over 3%; Canara, UBI, BOI rally up to 5%

At 09:30 AM on Friday; Nifty PSU Bank index, the top gainer among sectoral indices, was up 3.4 per cent, as compared to 1.2 per cent rise in the Nifty 50.

PSBs gain traction in MSME segment; SBI leads the pack: Motilal Oswal

Based on interactions with direct selling agents (DSAs) across western India, Motilal Oswal said MSME credit demand remains healthy in Q4FY26

Stocks to buy today: SBI, Jubilant Ingrevia top picks by analyst; check TP

Stocks to buy today: Shrikant Chouhan of Kotak Securities has recommended buying SBI and Jubilant Ingrevia; check analysis here

Nifty Bank down 11% since West Asia war; SBI, HDFC Bk lose over ₹1 trn each

Major lenders such as SBI, HDFC Bank, ICICI Bank, and Axis Bank have seen significant erosion in their market capitalisation since the start of West Asia war

SBI, MUFG sign pact to collaborate on M&A, aviation, real estate financing

State Bank of India and MUFG Bank sign a strategic partnership to collaborate on M&A, aviation and real estate financing, supporting cross-border transactions

Bank stocks fall as Iran war fuels inflation fears, Nifty Bank drops 2%

Banking stocks witnessed a sharp decline today as West Asia conflict raised oil-linked inflation risks. Nifty Bank index fell 1.8 per cent on the NSE led by Axis Bank, HDFC Bank, and ICICI Bank

US-Iran war puts ₹70,000 cr dent in LIC's portfolio; banks, L&T worst hit

Holdings in SBI, ICICI Bank and HDFC Bank accounted for more than one-fifth of the losses for Life Insurance Corporation of India; while L&T alone created a 11 per cent dent, shows ACE Equity data.

Market crash: Sensex dips 2400pts intraday, Nifty below 23700; key reasons

Market crash Today: India VIX, the fear gauge index, spiked more than 21 per cent to go past 24, indicating heightened nervousness among traders and investors

Nifty PSU Bank tanks 6%; Bank of Maharashtra, UBI, BOI, PNB plunge up to 9%

At 09:32 AM on Monday, the Nifty PSU Bank index was the top loser among sectoral indices, down 5.4 per cent as compared to 2.8 per cent decline in the Nifty 50.

SBI recruits 5,783 junior associates, crosses 18,000 hires in FY26

SBI has selected 5,783 junior associates from nearly 9 lakh applicants, taking its total hires in FY26 to more than 18,000 as the bank ramps up customer service and branch operations

SBI DMD Nitin Chugh exits as contract term ends, digital role concludes

SBI Deputy Managing Director Nitin Chugh, who led the bank's digital banking and transformation initiatives including YONO 2.0, has exited following the conclusion of his contract

SBI leases 134,000 sq ft of office space in Navi Mumbai for its GCC

Last month, SBI set up a GCC in Bengaluru marking a first-of-its-kind initiative by an Indian bank

PSBs, power stocks lift BSE PSU index by 11% in 1 month, near record high

The BSE PSU index hit a fresh 52-week high of 22,583.56 in Wednesday's intra-day trade, inching towards its all-time high level of 23,018.87 on August 1, 2024

PSU banks extends rally, gain up to 4%; SBI, BoB, Indian Bank hit new highs

In the past one month, the Nifty PSU Bank index has soared 12 per cent, as compared to 2.7 per cent decline in the Nifty 50.

SBI in talks with Japanese lenders for acquisition financing: C S Setty

It has nearly ₹1 trn capacity to lend towards this segment; bank to file prospectus with Sebi by March for SBI MF IPO

Nifty PSU Bank index soars 2%, hits new high; PNB, Canara, UBI shares up 3%

Thus far in the current week, the PSU Bank index has rallied 5.7 per cent, as against 0.74 per cent gain in the Nifty 50.

Pvt banks to outperform PSBs post H1FY27: PL Capital; bets on SBI, ICICI Bk

The brokerage expects PSBs to continue growing well until the first half of FY27 (H1FY27), but said private sector banks (PVBs) could outperform thereafter

PSU Bank index outshines Nifty for 6th straight month; up 41% since Sep-25

Thus far in the month of February 2026, the Nifty PSU Bank index has rallied 5.5 per cent, as compared to 2 per cent rise in the benchmark Nifty 50.