Sbi

NSE IPO: SBI, BoB among 10 shareholders set to pocket ₹16,500 crore profit

State Bank of India (SBI) could pocket ₹2,849 crore or a 2,23,025 per cent gain from NSE IPO's listing.

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 aims for DPDP compliance by December, ahead of May 2027 deadline

The country's largest lender has procured the software and hardware required to comply with DPDP norms and plans to deploy them ahead of the May 2027 deadline

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

SBI-led group of banks to provide $3.5 billion of debt financing to Vi

Vodafone Idea, the country's third-biggest wireless operator in terms of users but still loss-making, plans to use some funds to improve its network and better compete with Airtel and Jio

New-age industries fuel corporate capex cycle: SBI MD Ashwini Kumar Tewari

India has proposed to relax conditions on a tax holiday for Indian data center services, further advancing the country's strategy to make itself an attractive location

Banks will take 3-4 months to deploy FCNR(B) flows, says C S Setty

CS Setty said banks would deploy the liquidity gradually, while also calling for lower upfront costs to enable large-scale adoption of agentic AI in Indian banking

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, Bank of Baroda flag possible disruption from bank unions' strike calls

The UFBU has called strikes on September 11, September 28-30 and an indefinite strike from October 26 over demands including a five-day working week and incentives

SBI to hire 12,000 personnel, add 250 new branches during FY27: Chairman

State Bank of India (SBI) intends to hire about 12,000 personnel and add around 250 new branches to its network in the ongoing financial year, said C S Setty, Chairman of the country's biggest lender. "In terms of recruitment, I think we would be looking at around 11,000 to 12,000 appointments across both clerical and officer cadres this year. This number may vary depending on retirements and emerging requirements, but I expect we should close the year with around 12,000 recruitments," he told PTI in an interaction. "Last year, we have done fairly large recruitment because we took 1,500 specialist IT officers. This year, we do not need such a large number on the IT (information technology) side," he said. With a workforce of over 2.45 lakh employees as of March 2026, SBI is among India's largest employers. SBI had hired 4,640 officers, 19,340 associates, and 1,653 contractual staff in 202526, taking the total number of hires to 25,633, as per the bank's annual report for FY26. On

SBI, SBI Capital Markets to dilute up to 1% stake in NSE via public offer

State Bank of India (SBI) and its subsidiary SBI Capital Markets Ltd together plan to dilute up to 1 per cent stake in the National Stock Exchange (NSE) through the exchange's proposed Rs 30,000-crore initial public offering (IPO). The bank is participating in the NSE IPO and will dilute a 0.65 per cent stake in the exchange, SBI Chairman C S Setty told PTI in an interview. "We are participating in that divestment. We propose to divest 0.65 per cent and 0.35 per cent by SBI Capital Markets because both of us hold the stake. So together, about 1 per cent as a SBI group... it could be less depending on any other shareholders joining," he said. SBI currently holds a 3.23 per cent stake in the NSE, while SBI Capital Markets owns 4.33 per cent in the country's largest stock exchange. He clarified that there is no the monetisation plan for other subsidiaries in the immediate future. Last month, SBI, along with its foreign partner Paris-headquartered Amundi, diluted around 10 per cent st

Vodafone Idea closer to SBI loan; RBI may tighten liquidity; commercial funding doubles & more

Vodafone Idea is believed to have moved closer to securing funding for its capital expenditure plan, with SBI agreeing to sanction its share of the loan. The telecom operator agreed to provide guarant

Home loan portfolio to cross ₹10 trn milestone this quarter: SBI chairman

Highlighting the leadership position of SBI in the housing finance segment, its Chairman CS Setty said the mortgage portfolio is set to cross an important milestone of Rs 10 lakh crore in the current quarter on the back of robust demand. The country's largest lender had surpassed Rs 9 lakh crore home loan portfolio during the last financial year. "We should be reaching the 10 trillion mark, hopefully in this quarter itself," Setty told PTI in an interview. SBI has a market share of nearly 28 per cent in the home loan segment, he said, adding that the bank has focused on making home loans accessible across the country. The lender has more than 460 home loan processing centres across India, increasing accessibility of its housing finance products. Setty said transparency in pricing and customer trust in the bank's processes, including documentation and due diligence of builders, are among the key factors driving customers to the lender for home loans. "People trust SBI the most whe

SBI eyes $10 bn from NRIs, foreign investors as RBI swap window nears end

As RBI's concessional swap window draws to a close this month end, State Bank of India (SBI) Chairman C S Setty has expressed confidence that the bank would garner about USD 10 billion from non-resident Indians and foreign investors. "In aggregate, we must be reaching the USD 10 billion mark, predominantly coming from the deposit side. But there is visibility of ECBs. ECB, of course, will have a longer period available to us, but by August 31, we should have mobilised around USD 9-10 billion on a consolidated basis," he told PTI in an interview. Earlier this month, the Reserve Bank of India advanced the closure of the Foreign Currency Non-Resident Bank (FCNR-B) deposits swap window by a month to August 31 as against the earlier cut-off date of September 30. However, the special US Dollar-Rupee forex swap window to give cheap currency hedging support to public sector undertakings (PSUs) raising External Commercial Borrowings (ECBs) is available till December 31, 2026. Talking about

SBI flags 'chalk and cheese' divide in RBI's monetary policy signals

SBI Research says the MPC minutes carried a more hawkish tone than the RBI governor's remarks, leaving markets uncertain about the future course of interest rates

Vodafone Idea close to securing loan from SBI, but on a condition

Disbursement subject to telco raising funds from private banks

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