C S Setty urges investors to focus on India's long-term structural transformation rather than short-term market movements
SBI's FY26 annual report highlights the lender's strong asset quality, healthy capital ratios, robust deposits and valuable subsidiaries
Aspires to emerge as India's leading wealth architect, says Chairman Setty
The comments come as SBI sharpens its 'Digital First, Customer First' strategy, with continued investments planned in technology, data analytics, AI, cybersecurity, and digital infrastructure
SBI staff under the aegis of the All India State Bank of India Staff Federation (AISBISF) have threatened to go on a two-day nationwide strike beginning May 25 to press for various demands, including the recruitment of adequate employees. If the strike materialises, it will affect SBI's banking operations for five days nationwide, as the fourth Saturday and Sunday fall before the strike date. Besides, there will be a holiday in many States on account of Eid al-Adha on May 27, a day after strike ends. Demands also include the recruitment of messengers, the recruitment of Armed Guards, and a change of Pension Fund Manager option to NPS Employees, AISBISF said in a statement. The union also demanded that the bank stop outsourcing permanent jobs, as it creates a direct risk of data leaks, misuse, fraud, and identity theft, endangering customer trust and exposing the Bank to severe reputational and legal consequences. Another demand concerns the appointment of the Workmen's Employee ..
SBI will partly fund JSW Motors Ltd.'s 'greenfield manufacturing facility' in Maharashtra, and may sell down part of the exposure to other lenders in the event of demand in the secondary loan market
Vodafone Idea expects to close talks with an SBI-led consortium soon after promoter equity infusion and AGR relief improved its financial position
Mutual funds increased exposure to select banking stocks in April while trimming holdings in IT, metals and industrial companies after recent market movements
SBI Managing Director Ashwini Tewari says insurance firms should prioritise protection products over ULIPs and calls for stronger safeguards against mis-selling
Public sector banks posted record profitability for the fourth straight year in FY26, aided by strong credit growth, improved asset quality, and better operational efficiency
SBI share price dropped over 4% today after Q4 results missed estimates due to lower NIMs and treasury losses. Brokerages including Emkay, MOFSL and Systematix retain 'Buy', but cut target prices
State Bank of India Chairman C S Setty on Monday cautioned that rapid growth in digital finance, platform lending and data-driven underwriting is creating new vulnerabilities in the financial system, and said resilience must evolve alongside innovation. Speaking at the CII Annual Business Summit, Setty said banks and financial institutions must continue strengthening governance frameworks, capital buffers, cybersecurity capabilities and risk management systems. He said as the banking system undergoes technological transformation, India's financial architecture would have to remain resilient with trust embedded in all innovation. "As India's financial system expands in scale and complexity, trust must remain its foundational principle. Innovation without trust cannot sustain itself. The rapid growth of digital finance, platform lending and AI-driven underwriting creates new opportunities but also new vulnerabilities," he said at a session on 'The Future of Financing'. Setty warned t
India's economy is projected to grow at 6.6 per cent in 2026-27 fiscal while a comprehensive package is required on the Balance of Payments (BoP) front amid rupee depreciation and higher oil price, an SBI Research report said on Monday. The report said the rupee, which has weakened much in the recent period "through clouds on external macros, as also unabated speculative forces" needs structural changes on BoP front, stream lining the guard rails of import substitution, export competitiveness, integration in global value chain. The rupee has breached the 95-mark against the US dollar that has strengthened due to rising global uncertainties, triggered by the West Asia conflict. "There is now a felt need to put in place a comprehensive package to address Balance of Payments (BoP)," SBI Research said and made a strong case for diaspora bonds. With the country's macro fundamental getting distorted as Brent crude prices hover above USD 100, and transport and insurance costs spiking, the
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with State Bank of India taking the biggest hit, amid a range-bound trend in equities. Last week, the BSE benchmark Sensex climbed 414.69 points or 0.53 per cent, and the NSE Nifty went up by 178.6 points or 0.74 per cent. "Indian equity markets witnessed a volatile and range-bound week, with sentiment remaining cautious despite intermittent recovery attempts. Early optimism driven by hopes of de-escalation in the Middle East and easing oil prices faded quickly as renewed tensions between the US and Iran resurfaced," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. While Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro faced erosion from their valuation, Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were the gainers from the pack. ...
Posts record yearly profit of Rs 80,032 crore; Shares plunge over 6% of margin compression
SBI shares plunged over 7 per cent after Q4FY26 results missed Street expectations on net interest income growth despite improved asset quality and higher net profit.
Stocks to Watch today, May 8, 2026: Britannia Industries, Hyundai Motor India, Bharat Forge, Hexaware Tech, and Titan Company are among the top stocks to watch today
Total income declined to ₹1,40,412 crore in March quarter from ₹1,43,876 crore in the same period a year ago, SBI said in a regulatory filing
Q4FY26 company results: Firms including Tata Consumer Products, ABB India, Bank of Baroda, Bank of India, Oberoi Realty, and Kalyan Jewellers are also to release their January-March earnings today
The Finance Ministry is evaluating a proposal to raise insurance cover under PMJJBY and PMSBY to Rs 5 lakh from Rs 2 lakh