Page 12 - Sbi

Analysts cut earnings, SBI share target price after mixed Q3 show; details

SBI share price: Average SBI share price target is around Rs 940 (range: Rs 700-1,025), suggesting an average upside potential of 25 per cent, Bloomberg data shows

SBI Q3 net profit up 84.32% at Rs 16,891 cr, margins under pressure

Sequentially, the public sector lender's profit was down by 7.86 per cent from Rs 18,331 crore in the quarter-ended September (Q2FY25)

Q3 results, Feb 6: Hero MotorCorp, ITC, MRF, Airtel to post earnings today

Q3 company results, February 6: Hero Motorcorp, NMDC, PVR INOX, State Bank of India, JK Lakshmi Cement, and Apollo Tyres will release their reports for the Oct-Dec 2024 quarter

SBI Q3 results: Net profit rises 84% YoY to Rs 16,891 crore, NII up 4%

SBI Q3 results: SBI share price dropped to the day's low after Q3 results announcement

Preview: Will SBI Q3 profit rise or fall? Provisions hold key, say analysts

SBI Q3 results 2025: State Bank of India (SBI) is scheduled to report its Q3 results on Thursday, February 6.

SBI looks to raise around Rs 5K crore via perpetual bonds before end of Feb

The country's largest lender could have a call option at the end of either five years or 10 years on the issue

Gen AI's integration with financial sector to foster innovation: SBI chief

The increasing integration of Artificial Intelligence and Gen AI with the financial sector has the potential to foster innovation and transform the banking sector in the coming years, SBI Chairman C S Setty said on Friday. Setty also said the rising digital economy and its influence on the Indian banking sector can be gauged from the range of digital products that the banks offer today. "The growing interest in Artificial Intelligence, Gen AI and its integration into financial sector has the potential to drive further advancements, fostering innovation, efficiency and resilience for benefit of the financial sector... There is a continuing need for the banks to strengthen their risk management standards, business arrangement and customer onboarding to check unscrupulous activities," Setty said at an event organised by The Institute of Chartered Accountants of India (ICAI). Further, he said with the advent of technology-based banking products and the growing use of these products by .

Fear mainly results in cyber frauds: State Bank of India's Nitin Chugh

Small-value frauds are the traditional phishing-based scams where people willingly give away their credentials or an account takeover

Customer protection, value-added services to drive biz growth: C S Setty

"Annually, 12 million people prefer opening their savings accounts with us. That is not possible if your customer service is poor"

Pension fund market needs diversification: DFS Secretary M Nagaraju

"Ninety per cent of assets are concentrated in only three pension fund managers - SBI, LIC, and UTI," M Nagaraju said

Microfinance sector stress cyclical, pushing up NPAs, says SBI official

The dealing with internal factors would mean entities require more discipline and emphasis on corporate governance and compliance

SBI reward scam: What is it and how to stay safe

SBI never sends links or files via SMS or WhatsApp messages for redeeming rewards

SBI chief C S Setty calls for common mechanism to track SME fund usage

In recent years, fintech and banks have started to dig for credit information from publicly available data and use analytics to create a credit profile

SBI chief pitches for institution to track funds raised by small businesses

State Bank of India chairman CS Setty on Friday pitched for the creation of a market infrastructure institution to track the end-use of funds borrowed or raised as equity by small businesses. A "viable mechanism" is needed to ensure that the funds are used for the intended purposes, Setty said in remarks which come amid heightened concerns on the subject of end-use of funds. "We will require a viable mechanism to track the actual use of these funds to ensure that the funds are utilised for the purposes they have been raised for, probably through the establishment of a separate market infrastructure institution with powers to track the use of borrowed funds or the funds raised through equities," Setty said. Addressing a conference organised by the Sebi-promoted NISM here, Setty said the creation of such a platform will provide comfort to lenders as well as investors, and make pricing more competitive. It can be noted that the RBI has been pressing lenders to monitor end-use funds, .

SBI lowers India's FY25 GDP growth forecast to 6.3%, below NSO's 6.4%

Despite projected growth rates of 6 per cent in first half of FY25, with a pickup to 7 per cent in the second half, SBI flags weak private investment as a concern to economic growth

Stocks to Watch, Jan 8, 2025: Tata Steel, Sobha, M&M, REC, SBI, RVNL, CESC

Stocks to Watch, Jan 8, 2025: From Tata Steel to Dr. Reddy's Labs, here is a list of stocks that will remain in focus today

State Bank of India appoints Baldev Prakash as group chief risk officer

Earlier, Prakash was on deputation to Jammu and Kashmir Bank as managing director and chief executive officer, whose three-year term ended in December

SBI's Har Ghar Lakhpati RD: Invest Rs 2,500 monthly to get Rs 1 lakh

Alternatively, by investing Rs 1,810 every month for four years at the same interest rate, a citizen can also reach Rs 1 lakh.

Falling poverty claims in SBI report spark concerns about methodology

SBI report, released on Friday, claimed a decline in poverty ratio in rural areas

Rural poverty ratio fell below 5% in FY24 for the first time: SBI Research

The report notes that this decline in the rural poverty ratio is due to higher consumption growth in the 0-5 per cent decile