Page 12 - Sbi

Net financial savings likely to touch Rs 22 trn in FY25: SBI report

State Bank of India in its latest economic research report said that based on the current trends, net financial savings of the household sector may touch Rs 22 lakh crore, or 6.5 per cent of gross national disposable income (GNDI), in the financial year 2024-25. The net financial savings during 2023-24 stood at 5.1 per cent of GNDI, an increase from 4.9 per cent in the previous fiscal. The report said the growing capital pool is crucial for funding government and corporate deficits and supporting macroeconomic stability. Referring to the dynamics of RBI surplus, the report said that the central bank's efforts to contain the volatility of the rupee was a major factor in determining its quantum. During fiscal 2024-25, the balance sheet of RBI expanded by 8.19 per cent, which is less than the nominal GDP growth of 9.9 per cent. An amount of Rs 2.69 lakh crore surplus amount of RBI has been transferred to the government, which would enhance the fiscal space, the report said. Accordin

RBI dividend may cut fiscal deficit to 4.2% of GDP in FY26: SBI report

SBI says higher-than-budgeted dividend from RBI gives government room to lower FY26 fiscal deficit to 4.2 per cent of GDP or increase spending in key areas, amid strong liquidity and BoP outlook

SBI Clerk Mains results 2025 to be out soon at sbi.co.in. Steps to check

SBI will soon announce the SBI Clerk Mains results 2025 at sbi.co.in. This year, the recruitment drive aims to fill a total of 13,735 Junior Associate vacancies

CM Siddaramaiah slams SBI manager for refusing to speak Kannada

In a post on X, Siddaramaiah said that all bank employees should treat customers with dignity and make every effort to communicate in the local language

SBI board panel nods to overseas fundraise of up to $3 billion in FY26

SBI plans to raise up to $3 billion via international markets in FY26 through senior unsecured notes in USD or other currencies to support business growth

SBI slashes domestic term deposit rates by 20 basis points across tenors

SBI cuts fixed deposit rates by 20 bps across tenors from May 16, citing improved liquidity and policy rate cuts; highest interest now at 6.7 per cent for 2-3 years

State Bank of India to decide on $3 billion fundraising on May 20

Country's largest bank State Bank of India (SBI) on Wednesday said it will consider raising USD 3 billion through public offer or private placement during the current fiscal. The bank's Executive Committee of the Central Board will meet on May 20 to decide on the fundraising plans. The committee will "examine the status and decide on long term fund raising in single/multiple tranches of up to USD 3 Billion ...through a public offer and/or private placement of senior unsecured notes in US dollar or any other major foreign currency during FY 2025-26," SBI said in a regulatory filing. Shares of SBI closed at Rs 800.35, down 0.19 per cent over previous close on BSE.

SMBC's 20% stake purchase is credit positive for Yes Bank: Moody's

Moody's says SMBC's investment in Yes Bank adds a strategic partner with strong funding and governance credentials, though affiliate support not yet factored in

AI agents can transform customer experience, says Arundhati Bhattacharya

As job roles shift and demand for empathy grows, AI agents are set to change how industry and business are impacted, says Salesforce regional head and former SBI chairperson Arundhati Bhattacharya

Yes Bank shares rises over 2% on SMBC's Rs 13,482-cr stake acquisition

Yes Bank rose 2.35 per cent after SMBC's ₹13,482-crore stake deal but underperformed the Nifty Bank and Nifty 50 indices, which posted stronger gains

Bank shares in focus: SBI, IOB, Axis, HDFC Bank rally up to 5%; here's why

SBI, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IDFC First Bank, Federal Bank, and Bandhan Bank have announced a combined sale of their 20% stake in Yes Bank to Japan's SMBC

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