Page 11 - Sbi

Select PSU banks gain up to 4%; Canara, Indian Bank near 52-week highs

At 01:49 PM, the Nifty PSU Bank index, the top gainer among sectoral indices, was up 1 per cent, as compared to a 0.50 per cent decline in the Nifty 50

SBI eyes spot among world's top 10 banks by market value in 5 years

SBI's market cap has gone up from Rs 3.25 trn at end of March 2021 to Rs 4.40 trn in FY22, Rs 4.67 trn in FY23, Rs 6.71 trn in FY24 and Rs 7.13 trn at the end of March 2025

₹25,000 cr QIP shows investor confidence, to boost credit growth: SBI chief

SBI chairman C S Setty on Wednesday said the Rs 25,000-crore capital raise through the qualified institutional placement (QIP) route is a vote of confidence on the country's largest lender and also the Indian economy. Speaking at a ceremony at the NSE to mark the the fund raise as India's biggest share sale ever, Setty said the capital will be deployed for asset growth. He also said that even before the QIP, the bank was in a position to support asset growth of up to Rs 6 lakh crore, but the fund raise will be of help for it. "This landmark equity issue is a vote of confidence in SBI's strong fundamentals, potential risk management and the customer centricity with the digital first approach," Setty said. Thanking the investors led by state-run life insurance behemoth LIC for the response to the issue, which received bids of over Rs 1.12 lakh crore and was over-subscribed by over four times, Setty also spelled out the revised capital levels. The common equity tier-I capital will ..

SBI classifies RCom, Anil Ambani as 'fraud'; to lodge complaint with CBI

State Bank of India has classified Reliance Communications along with promoter director Anil D Ambani as 'fraud' and is also in the process of lodging complaint with CBI, Parliament was informed on Monday. The entities were classified as fraud on June 13, 2025 in accordance with the RBI's Master Directions on Fraud Risk Management and Bank's Board-approved Policy on Classification, Reporting & Management of Frauds, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha. "On June 24, 2025, the bank reported classification of fraud to RBI, and is also in the process of lodging complaint with CBI," he said. Further, on July 1, 2025, as part of disclosure compliance, Resolution Professional of RCom informed the Bombay Stock Exchange regarding fraud classification by the bank. The credit exposure of SBI in RCom includes, fund-based principal outstanding amount of Rs 2,227.64 crore along with the accrued interest and expenses with effect from August 26, .

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