Page 10 - Sbi

Moody's upgrades SBI's baseline credit rating, profitability to moderate

Moody's upgrades State Bank of India's baseline credit rating to "Baa3", citing expected improvement in capitalization. Profitability may moderate due to lending rate cuts in the near term

BFSI Wrap: RBI may ease foreign bank stake limits, SBI's record fundraising, credit-deposit growth & more

RBI Governor Sanjay Malhotra said the central bank may allow foreign banks to own up to 26% in Indian banks. Currently, while foreign investors can hold up to 74%,

Motilal Oswal picks top bank stocks to buy as sector eyes earnings rebound

Motilal Oswal reckons Q3 to be a turning point for profitability in banks as margins are expected to stabilise and earnings to rebound; prefers ICICI Bank, HDFC Bank, and one other

SBI eyes ₹25,000 crore via record QIP, sets floor at 2.5% discount

The bank's board approved another ₹20,000 crore fund raise by issuing bonds

SBI to raise ₹45,000 crore through equity, debt issuances in FY26

State Bank of India (SBI) on Wednesday said it will raise up to Rs 20,000 crore via issue of bonds to domestic investors in current fiscal year. In a regulatory filing, SBI said its board has "accorded approval for raising funds in INR by issue of Basel III compliant Additional Tier 1 and Tier 2 Bonds, up to an amount of Rs 20,000 crore to domestic investors during FY26, subject to GOI approval wherever required". Shares of SBI were trading at Rs 831, up 1.74 per cent over previous close on the BSE.

SBI cuts short-term retail deposit rates by 15 bps, effective July 15

SBI has reduced interest rates on short-term deposits under ₹3 crore by 15 basis points across tenors, with total cuts in FY26 so far adding up to 60 basis points

Street Signs: Markets turn skittish, exorcising the ghost of the past, more

State Bank of India (SBI) is set to raise ₹25,000 crore through a qualified institutional placement (QIP) - the largest QIP ever in the domestic market

Canara Bank drops 'fraud' label on Anil Ambani-linked RCom loan account

The case relates to a loan account linked with Ambani's firm Reliance Communications, which is undergoing insolvency proceedings

SBI, other public sector banks to raise $5.25 bn through QIPs in FY26

State-run banks, led by SBI, plan to raise ₹450 billion via QIP in FY26, with the government also targeting stake sales in multiple PSU banks by October

Three nationalisations: Lessons from govt's approach to SBI, LIC, Air India

A common factor uniting the three entities is that they all belonged to the services sector

No impact on biz: RInfra, RPower after SBI's 'fraud' tag on RCom account

Reliance Infrastructure and Reliance Power assert that SBI's classification of Reliance Communications' loan account as fraud will have no impact on their business, financials, or stakeholders

SBI marks Reliance Com loan as 'fraud', reports Anil Ambani to RBI

SBI tags Reliance Communications' loan as fraud citing irregularities and fund misuse before CIRP and reports Anil Ambani to RBI as per central bank's compliance norms

Siddaramaiah to remain CM, cab fare hike, Dalai Lama vs China, Sheikh Hasina & more

Karnataka CM Siddaramaiah said that he will serve the full 5-year term as chief minister, giving a strong message to party loyalists backing deputy DK Shivakumar for the post of chief minister.

SBI to label RCom loan account as 'fraud', names Anil Ambani in RBI report

State Bank of India (SBI) has decided to classify the loan account of beleaguered telecom firm Reliance Communications as "fraud" and to report the name of its erstwhile director -- Anil Ambani to the Reserve Bank of India (RBI). The move is expected to be followed by other lenders who have given loans to Reliance Communications Ltd (RCom). Reliance Communications in a regulatory filing said that it has received a letter dated June 23, 2025 from the State Bank of India (SBI) to this effect. SBI has decided to report the loan account of the company as 'fraud' and to report the name of Anil Ambani (erstwhile director of the company) to the RBI, as per the extant RBI guidelines, it said. As per the RBI guidelines, after a bank classifies an account as 'fraud', the lender should then report the fraud to RBI within 21 days of detection and also report the case to CBI/Police. According to the filing, Reliance Communications and its subsidiaries received a total loan of Rs 31,580 crore f

SBI flags Reliance Comms loan as fraud; Anil Ambani's name sent to RBI

State Bank of India's forensic audit cites fund diversion and loan violations; Reliance Communications says it is protected under the Insolvency and Bankruptcy Code

State Bank of India at 70: Tracing the journey of India's biggest lender

From its 1800s roots to today's banking giant, SBI marks 70 years since its birth

SBI bets on digital tools and tie-ups to sustain market leadership

SBI chairman C S Setty on Tuesday said the country's largest lender is betting on digital tools and strategic tie-ups for sustaining and growing its market leadership. "By embracing digital tools, strategic partnerships, and data-driven growth, we aim to sustain market leadership and deliver scalable, profitable, and inclusive banking for a dynamic India," Setty said. The state-owned bank is streamlining operations, enhancing customer experience, and strengthening its people to build a future-ready organisation, Setty added. SBI celebrated its 70th anniversary on Tuesday with a slew of initiatives, including a quiz contest and some digital initiatives, as per an official statement. The next phase of innovation would include expansion of its digital app YONO to Singapore and also a revamp of the YONO business, it added. Over 4,200 students participated in the SBI Scholar Quiz, in which the lender distributed Rs 50 lakh in prize money and certificates to the participants. This incl

SBI's digital transformation immensely benefited customers: FM Sitharaman

Digital transformation undertaken by the State Bank of India (SBI) in the last decade has been immensely beneficial to its customers, Finance Minister Nirmala Sitharaman said on Tuesday. Congratulating SBI on completing 70 years of service to the nation, she expressed hope that the Bank will continue to innovate and empower as India continues its journey towards 'Viksit Bharat' by 2047. "With over 23,000 branches, 78,000 Customer Service Points (CSPs) and 64,000 ATMs, SBI's footprint today is formidable and it is truly the Banker to every Indian. The digital transformation it has achieved in the last decade has been immensely beneficial to its customers," Sitharaman said in a post on X. SBI has been instrumental in supporting 1.5 crore farmers, 1.3 crore Self-Help Groups (SHGs) led by women, 32 lakh street vendors under PM SVANidhi, 23 lakh MSMEs, and lakhs of artisans across various schemes, she said. SBI has over 15 crore Jan Dhan Accounts, 14.65 crore PM Suraksha Bima Yojana, 1.

SBI plans to solarise 4 million homes by FY27, marks 70 years of service

As it celebrates 70 years, SBI commits to solarising 4 million homes by FY27, scaling rooftop projects, modernising ATMs, and advancing AI-driven customer solutions

SBI at 70: A legacy institution that mirrors India's economic rise

Who says the elephant can't dance? The theme that runs through the bank's 70-year life is its willingness to change in sync with time