Sbi

NLC India Renewables names SBI Capital, HDFC Bank among IPO managers

State-owned NLC India's subsidiary NLC India Renewables Ltd (NIRL) has appointed four leading investment banks, including SBI Capital Markets and HDFC Bank, as book running lead managers for its proposed initial public offering (IPO). The other two book running lead managers (BRLMs) which have been selected following a board-approved, structured and competitive process are -- IIFL Capital Services, IDBI Capital Markets & Securities. The proposed IPO is expected to strengthen NIRL's capital base and support its long-term growth strategy in the renewable energy sector and to contribute to the country's target of achieving 500 GW of non-fossil fuel-based energy capacity by 2030, a company statement said on Friday. Also, it is intended to facilitate the listing of the equity shares of NIRL on the recognised stock exchanges in India, subject to receipt of applicable statutory and regulatory approvals, prevailing market conditions and other customary considerations. The appointment is ..

Former LIC CFO Sunil Agrawal appointed SBI chief financial officer

State Bank of India has appointed former LIC finance chief Sunil Ramgopal Agrawal as chief financial officer. He will take charge from August 1, 2026

SBI Funds Management's IPO fully subscribed on second day of bidding

The IPO of India's ​largest asset manager received bids for 126.74 million shares, against 124.56 million ‌on offer, as of 10:48 a.m. IST, exchange data showed

SBI Funds Management raises ₹2,663 cr from anchor investors ahead of IPO

SBI Funds Management raised ₹2,663 crore from anchor investors ahead of its Rs 9,813 crore IPO, which opens on 14 July at a price band of ₹545-574 per share

AI threatens low-end jobs, making skilling an urgent national priority

Govt needs to focus more on low-end work, which will be impacted more by technology and artificial intelligence

Insurance distribution lifts fee income at most public sector banks in FY26

Public sector banks saw higher insurance commission income in FY26, led by SBI, while mutual fund distribution earnings showed mixed trends across lenders

Moody's Ratings affirms SBI, HDFC Bank ratings on strong asset quality

Moody's has affirmed the ratings of SBI and HDFC Bank with a stable outlook, citing strong asset quality, healthy profitability and solid capital buffers

SBI Funds Management IPO 'sahi hai'? Brokerages decode investment case

SBI Funds Management IPO opens on July 14: Here's how brokerages view its valuation, growth prospects, profitability, and subscription potential

Street signs: Healthy GMP for SBI Funds Management ahead of IPO

SBI Funds Management's IPO debuts with a 17% GMP as ethical investing gains traction and SAT reinforces insider trading norms in key market developments

State Bank of India set to sell 1.42 % stake in AMC arm in pre-IPO round

The State Bank of India will sell a 1.42 per cent stake in SBI Funds Management for ₹1,655 crore through a pre-IPO placement ahead of the AMC's ₹11,693 crore IPO

SBI to sell 1.42% stake in SBI Funds Management in pre-IPO placement

The stake sale at ₹574 per share - the top end of the asset manager's IPO price band - provides an early benchmark for the unit's valuation and indicates institutional demand before public offering

SBI Funds Management prices ₹11,693 crore IPO at ₹545-574 per share

India's largest asset manager by assets under management has set a valuation of Rs 1.2 trillion, with the Rs 11,693 crore offer for sale opening on July 14

Jackpot for SBI! Lender to pocket ₹7,364-cr from SBI Funds Management IPO

As of the date of the RHP, SBI held 1.26 billion equity shares of face value ₹1 each, representing a 61.86 per cent stake in SBI Funds Management

SBI Funds Management targets $12.24 billion valuation in India IPO

SBI is selling up to 128.3 million shares, while Amundi India Holding will divest up to 75.4 million shares, together offloading about 10 per cent of SBI Funds Management's paid-up equity capital

SBI seeks priority sector status for all infra loans to boost investment

State Bank of India has proposed granting priority sector status to all infrastructure loans or excluding them from ANBC calculations to encourage higher infrastructure investment

SBI joins global banks to fund Sun Pharma's $11.75 billion Organon buy

SBI is the only domestic bank to participate in the loan syndication

Q1 earnings preview: Will India's banks deliver another strong quarter?

India's banking sector is set to kick off the Q1FY27 earnings season, and early estimates point to another healthy quarter. Strong loan growth, stable asset quality, and treasury gains

SBI Funds Management draws top sovereign funds in $1.2 billion IPO

SBI ​Funds Management, a joint venture between the country's largest lender State Bank of India ​and Europe's largest asset manager Amundi, manages assets worth ₹12.5 trillion as of end-March 2026

SBI to hire 1,500 probationary officers this year to drive business growth

The country's largest lender State Bank of India is planning to recruit 1,500 probationary officers this year to drive its business growth. Of the total, 1,446 are regular vacancies, and the remaining 54 are backlog vacancies, SBI said in a recruitment notice. The last date for application is July 8, and the bank expects to complete the entire process by December. As per the eligibility criteria, an applicant should be a graduate in any discipline with a minimum age of 21 years as of April 1, 2026. Besides, SBI onboards professionals through lateral recruitment from diverse backgrounds, including IT professionals and domain experts, appointed as Specialist Officers across key functions, such as data centres, information technology, risk management, legal, treasury, compliance and data analytics, depending on the evolving and multidisciplinary nature of banking. Last financial year, SBI hired 67 sportspersons to promote Indian sports and cultivate a team of disciplined, high-perfor

SBICAP Securities appoints SBI executive Baldev Prakash as MD & CEO

Former Jammu & Kashmir Bank chief joins the SBI Group brokerage on deputation and will focus on technology, customer experience and long-term growth