Page 13 - Sbi

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

Shishu account share drops sharply as Kishor loans surge: SBI PMMY Report

The average ticket size of the loans has nearly tripled - Rs 1.02 lakh in FY25, Rs 72,000 in FY23, from Rs 38,000 in FY16

Karnataka's SBI bank robbed in 'Money Heist' style, police recovers gold

On October 28, 2024, after a long weekend, when bank officials walked into the branch, they found the strongroom locker broken: the burglars had used a gas cutter to slice their way into the vault

SBI's C S Setty elected as chairman of Indian Banks' Association

SBI's C S Setty was on Friday elected as the chairman of Indian Banks' Association. The managing committee of the industry lobby grouping elected Setty, the SBI chairman, to lead the body till the next annual general meeting, as per an official statement. It has also elected Union Bank of India's managing director and chief executive A Manimekhalai, Punjab and Sind Bank's MD and CEO Swarup Kumar Saha, and Bank of Bahrain and Kuwait's country head and India CEO Madhav Nair as deputy chairmen. Private sector lender Karur Vyasya Bank's MD and CEO B Ramesh Babu has been appointed as the honorary secretary of the association, the official statement said. The last AGM of the body was held earlier this month in the financial capital, and was also attended by Department of Financial Services secretary M Nagaraju.

Ireda secures 26 billion Japanese Yen ECB facility from SBI, Tokyo

State-owned IREDA on Friday said it has secured a 26 billion Japanese Yen External Commercial Borrowing facility from SBI's Tokyo Branch, including a green shoe option of 10 billion Japanese Yen. This five-year unsecured facility is set to strengthen IREDA's global market presence, the company said in a statement. "IREDA has signed a facility agreement today for raising external Commercial Borrowing (ECB) from SBI, Tokyo Branch for JPY 26 billion, including a green shoe option of JPY 10 billion. "The landed cost (after hedging) is expected to be below 7 per cent, making it more cost-effective than similar-tenure loans in the domestic market," it said. The company's Chairman & Managing Director Pradip Kumar Das said the facility will enable the company to diversify its resource base and optimize costs, enhancing our lending operations to support India's renewable energy sector. The transaction reflects the strong confidence of global investors in IREDA's financial stability and ...

DLF, RIL, Zomato, MakeMyTrip: Chris Wood of Jefferies rejigs India exposure

At a broader level, meanwhile, Wood suggested investors sell rallies in the US stocks and increase exposure elsewhere, most particularly Europe, China and emerging market equities in general

FinMin launches BAANKNET, e-BKray to enhance PSU bank e-auctions

The BAANKNET portal is specifically designed to enhance transparency and speed up the process of disposing of non-performing asset cases

SBI Clerk result 2025: How to check your scorecard and what's next?

The SBI clerk preliminary results for 2025 will shortly be available on the SBI website at sbi.co.in. The purpose of this recruitment exam is to fill 8,773 positions in various Indian branches

Invest in SBI Amrit Vrishti before March 31 to earn up to 7.75 per cent

This scheme has a tenure of 444 days and offers an attractive interest rate of 7.25 per cent per annum for general customers and 7.75 per cent per annum for senior citizens

State Bank of India shelves $1.7 billion fund raising as yields elevated

The bank had planned to raise as much as Rs 15,000 crore (about $1.7 billion) through sale of bonds before the end of March, but will now tap the market in the next financial year