Page 10 - Sbi

SBI, private banks sell 20% Yes Bank stake to SMBC for ₹13,482 cr

In India's largest cross-border banking deal, SBI and private lenders sell 20% stake in Yes Bank to SMBC for ₹13,482 crore, valuing the bank at $7.9 billion

SMBC's board representation in Yes Bank to be proportionate to its stake

SMBC to gain 20 per cent stake in Yes Bank, becoming its largest shareholder with likely board representation; SBI's stake to reduce post regulatory approval

Public sector banks post record ₹1.78 tn profit in FY25, growth up 26%

Public sector banks' cumulative profit rose to a record level of Rs 1.78 lakh crore in the fiscal year ended March 2025, registering a growth of 26 per cent over the previous year. All 12 public sector banks had earned a total profit of Rs 1.41 lakh crore in FY24. The year-on-year increase in profit in absolute terms rose by about Rs 37,100 crore in FY25. Out of the total profit of Rs 1,78,364 crore earned during the FY25, market leader State Bank of India (SBI) alone contributed over 40 per cent of the total earnings, as per the published numbers on stock exchanges. SBI logged a net profit of Rs 70,901 crore in FY25, 16 per cent higher than the previous fiscal (Rs 61,077 crore). In percentage terms, Delhi-based Punjab National Bank reported the highest net profit growth of 102 per cent to Rs 16,630 crore, followed by Punjab & Sind Bank with a 71 per cent rise to Rs 1,016 crore. During the year, all 12 public sector banks (PSBs) reported a rise in profit. Among the banks, which

SBI, PNB say ATMs stocked, services smooth amid India-Pakistan tensions

State Bank of India, Punjab National Bank and several other lenders on Friday said their ATMs are fully functional, well-stocked, and that digital services are operating smoothly. The announcements came against the backdrop of reports on social media that ATMs are likely to be shut in the coming days amid escalating tensions between India and Pakistan. They also said that all their digital services are operating smoothly. "All our ATMs, CDMs/ADWMs and digital services are fully operational and available for public use," India's largest bank, State Bank of India, said in a post on social media post 'X'. India's largest lender also advised its customers not to rely on unverified information. Similar messages have been posted by Bank of Baroda, Punjab and Sindh Bank, Canara Bank and Bank of India. "All our digital services too are operating smoothly, ensuring a seamless banking experience from the comfort of your home," Punjab National Bank said in a post on social media platform ..

SMBC nears YES Bank stake deal; India may see biggest private bank M&A

Yes Bank stake deal: Japanese lender SMBC may acquire 51% in YES Bank as RBI signals comfort, potentially triggering the largest private sector bank acquisition in India

RBI may effect cumulative rate cut of 125-150 bps in FY26, says SBI study

The Reserve Bank may cumulatively cut the key interest rate in the range of 125-150 basis points this fiscal amid benign inflationary patterns, an SBI Research report said on Monday. The study suggested that the central bank should go for "jumbo" rate cuts of 50 bps as it would be more effective. The sharp moderation in consumer price index based inflation, hitting a 67-month low of 3.34 per cent in March 2025 due to sharp correction in food inflation, bodes well for lowering the average CPI headline forecast for FY2025-26 below 4 per cent now (with below 3 pre cent in Q1FY26), the report said. The nominal GDP growth is expected to be in the range of 9-9.5 per cent for FY2025-26 (Budget: 10 per cent), signifying a Goldilocks period to slash the policy rates given the low growth and low inflation, said the research report from the State Bank of India's Economic Research Department titled 'Inflation and Rate Cut Trajectory'. "With multi-year low inflation in March and benign inflatio

SBI share price drops 2% post Q4 results; check stock analysis, outlook

SBI share price today: HSBC believes SBI may face strong margin headwinds ahead as the Reserve Bank of India (RBI) eases monetary policy further

Stocks to Watch, May 5: SBI, AU Small Finance Bank, M&M, Marico, Ircon

Stocks to Watch Today, May 5: GIFT Nifty indicates a positive start for the Indian equity markets. Here are the top stocks to watch during Monday, May 5, trading session

Will ensure RoA over 1% in FY26 despite margin pressure: SBI Chairman

The State Bank of India (SBI) will ensure return on assets (RoA) of over 1 per cent during the current financial year despite the challenge of declining rate cycle, the bank's Chairman C S Setty said. RoA is a profitability ratio that shows how much profit a company would generate from its assets. There would be further repo rate cuts during the year that would put pressure on net interest margin, he said, adding that there would be realignment of rates on the deposit side because without that effective monetary transmission will not happen. "We will ensure that the readjustment of interest rates on the deposits are aligned broadly with repo rate cuts so that margins are protected," he said while addressing analysts after announcing the SBI's quarterly numbers. "We still will be able to maintain 1 per cent RoA guidance for the current financial year... our goal is to consistently achieve an RoE of over 15 per cent through the business cycles," he said. RoA of the bank improved fro

SBI Q4 results: Net profit falls by 9.9% Y-o-Y to Rs 18,643 crore

Net interest income (NII) for the reporting quarter grew 2.69 per cent Y-o-Y to Rs 42,775 crore. Sequentially, NII grew 3.21 per cent

BFSI News Wrap: IndusInd Bank CEO resigns, SBI plans equity fundraise

IndusInd Bank CEO resigns over ₹2,000 cr derivatives loss IndusInd Bank MD & CEO Sumant Kathpalia resigned, taking ‘moral responsibility’ for ₹2,000 crore derivatives losses after an internal probe.

SBI Q4 results 2025: Check date, earnings expectations, fundraising update

SBI Q4 results 2025 date: SBI is scheduled to reports its Q4FY25 results on Saturday, May 3, 2025

SBI mulls equity capital raise in FY26; board to discuss proposal

SBI's share closed 0.72 per cent lower at Rs 811.75 per share on the BSE. The board is also considering the results for the fourth quarter ended March 2025 and annual results for FY25 on May 3, 2025

SBI ties up with Land Ports Authority for banking services in 26 locations

State Bank of India (SBI) on Tuesday signed a Memorandum of Understanding (MoU) with Land Ports Authority of India (LPAI) to strengthen banking services infrastructure across 26 land ports bordering neighbouring countries. LPAI currently operates 15 land ports across 8 border states adjoining Nepal, Bangladesh, Bhutan, and Myanmar, with 11 more ports sanctioned across states, including Uttar Pradesh, Bihar, Mizoram, Uttarakhand, and West Bengal. These land ports are handling trade volumes of Rs 70,952 crore, and total passenger movement through these transit points stood at 30.46 lakh as on 2023-24. Over a decade, the ports witnessed a 15-fold rise in trade and an 18-fold increase in passenger movement. Land ports currently handle Rs 71,000 crore in forex trade, and nearly 31 lakh people cross borders through these land ports annually. These land ports are going to play a very pivotal role in international trade, and SBI's presence at these sites will not only contribute towards .

Large banks to benefit from RBI's runoff factor move, say analysts

The new norms have allowed lowering the runoff factor on deposits from non-financial entities such as trusts to 40 per cent from 100 per cent

High returns? High risk! SBI warns of fake AI investment videos

State-owned lender say it doesn't 'endorse any such schemes that promise unrealistic or unusually high returns'

SBI clears restructuring plan to help Vizag steel company get back on track

The restructuring plan will make things easier for RINL by lowering the amount of money it needs to keep as margin and reducing interest rates on its loans

SBI cuts lending rates by 25 bps after RBI's move; loans to get cheaper

The country's largest lender State Bank of India (SBI) has reduced its lending rate by 25 basis points following the Reserve Bank's policy rate cut, making loans cheaper for both existing and new borrowers.. With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of SBI would come down by 25 basis points to 8.25 per cent. It has also reduced the External Benchmark Based Lending Rate (EBLR) by similar basis points to 8.65 per cent. The revised rates come into effect from April 15, 2025, according to updated rate information on SBI's website. The rate reduction is in response to last week's RBI slashing key interest rate by 25 basis points for the second time in a row to support growth facing the threat of reciprocal tariffs by the US. Besides, the bank also cut deposit rates by 10-25 basis points, which will again be effective from April 15. With the revision, for fixed deposits up to Rs 3 crore, the interest rate on 1-2 year term deposits will be lower by 10 basis

SBI cuts FD rates, reintroduces 'Amrit Vrishti' scheme with lower returns

The highest rate is now 6.90 per cent for deposits of 2 to 3 years for regular customers, and 7.50 per cent for senior citizens for deposits of 5 to 10 years

Time to buy? UBS upgrades SBI, Bank of Baroda stocks, raise target prices

SBI share price: Among the two, however, UBS is more bullish on Bank of Baroda stock due to inexpensive valuations