Page 19 - Sbi

SBI, HDFC Bank, ICICI Bank continue to be systemically important: RBI

RBI had classified SBI and ICICI Bank as domestic systemically important banks (D-SIBs) in 2015 and 2016, respectively. In 2017, HDFC Bank was also classified as a D-SIB

SBI, HDFC, ICICI remain Domestic Systemically Important Banks in 2024: RBI

State Bank of India, HDFC Bank and ICICI Bank have again been named as Domestic Systemically Important Banks (D-SIBs) by the Reserve Bank of India. The Reserve Bank on Wednesday came out with the list of D-SIBs. Inclusion in the list requires the lenders to maintain higher Common Equity Tier 1 (CET1) in addition to the capital conservation buffer as per the bucket under which it has been classified. The State Bank of India (SBI) continues to be in bucket 4, which will require the country's largest lender to keep an additional CET1 of 0.80 per cent, as per the list. HDFC Bank, the largest private sector lender, continues to be bracketed in bucket 2, under which it will have to maintain a higher CET1 by 0.40 per cent. The Central bank said the higher D-SIB surcharge for SBI and HDFC Bank will be applicable from April 01, 2025. "Hence, up to March 31, 2025, the D-SIB surcharge applicable to SBI and HDFC Bank will be 0.60 per cent and 0.20 per cent, respectively," it said. ICICI Bank

Stocks to watch, November 13: Eicher Motors, Nykaa, BSE, RIL, IndiGo, MTNL

Stocks to watch, November 13: Here are few stocks that will be in limelight for today's session

SBI looks to raise Rs 10,000 crore through 15-year infra bonds next week

SBI has previously raised Rs 20,000 crore in infrastructure bonds in the current financial year FY25

Stocks to watch, Nov 12: SBI, Britannia, Nykaa, Hindalco, ONGC, IRFC, LIC

Stocks to watch, Nov 12: Here are few stocks will be in focus for today's session

SME, agri, corporate may take SBI loan growth past industry average

Xpress Credit portfolio, which declined in Q2, also expected to rebound

SBI share price muted today after Q2; brokerages maintain target price

SBI share price: Even if the Reserve Bank of India cuts repo rate, the impact on NIM should be negligible due to the recent hike in MCLR by 30bp, analysts said

Rupee may depreciate 8-10% against dollar during Trump 2.0, says SBI report

The rupee may depreciate 8-10 per cent against the US dollar during the Trump 2.0 regime, said a SBI research report, even as the local currency hit its all-time low on Monday. The report, titled US Presidential Election 2024: How Trump 2.0 Impacts India's and Global Economy, emphasised that the rupee can have a brief spell of depreciation against the US dollar, followed by appreciation. Donald J Trump's historical comeback as the 47th President of the United States adds a morphine shot to the markets and select asset classes even as the focus is now shifting to wider economic ramifications and supply chain realignments, the report said. "Trump's victory introduces a mix of challenges and opportunities for India. While the potential for increased tariffs, H-1B restrictions, and a strong dollar could bring short-term volatility...But it also presents India with long-term incentives to expand its manufacturing, diversify export markets, and enhance economic self-reliance," it added.

Biz as usual in Canada despite tensions between New Delhi, Ottawa: SBI

State Bank of India (SBI) has not seen any impact in Canada despite the ongoing tensions between New Delhi and Ottawa, a top bank official has said. The Indian government-run lender, which has been present in Canada since 1982, is considered as a "local bank" by all stakeholders in the North American country, its chairman C S Setty said. "We have not seen any change in approach either among the regulators or the customers, it is business as usual," Setty told PTI. SBI operates eight branches through a wholly owned subsidiary in Canada, including in Toronto, Brampton, and Vancouver. "I think we are considered as one of the local banks there -- our engagement in business, banking business is with the local environment there," he said. India-Canada relationship has been frosty for over a year now, ever since the North American country accused India of plotting assassinations of its citizens and the relationship hit a new low last month with the expulsion of diplomats. Meanwhile, Set

SBI Q2 results: Net profit rises 28% to Rs 18,331 cr, beat estimates

Other income expands sharply but provisioning too

State Bank of India to sell Rs 10,000 cr worth of infra bonds by Nov-end

The Indian economy's projected 7.2% growth this financial year is expected to be driven by, among other things, government spending on infrastructure

SBI Q2 results: Profit soars 28% YoY to Rs 18,331 crore; stock falls 3%

SBI Q2 results: SBI share price fell 2.9 per cent to Rs 834 per share on the BSE after the announcement of Q2 results 2024

SBI Q2 results preview: Profit may rise upto 17%, provisions could shoot up

SBI Q2 preview: SBI, India's biggest state-owned bank, is scheduled to report its financial results for quarter-ended (Q2 FY25) and half-year ended (H1 FY25) on September 30, 2024 on November 8, 2024

BS BFSI Summit: SBI's Nitin Chugh backs 'happy friction' to reduce fraud

SBI's Nitin Chugh introduces the concept of 'happy friction' - a system of checks and balances to protect vulnerable accounts and reduce cybercrime

BFSI Summit: Fear in people main factor behind cyberfraud, says SBI's Chugh

In cybersecurity, social engineering refers to manipulating a victim to gain control over a computer system or steal personal and financial information

SBI economists see Q2 GDP growth slowing down to 6.5% this fiscal

Economists at the country's largest lender SBI on Wednesday said they see Q2 real GDP growth slowing down further to 6.5 per cent in the September quarter of this fiscal year. Amid concerns over the country's economic growth rate and if it is slowing down, the analysts said they expect FY25 growth to come "closer to" 7 per cent. It can be noted that the April-June period saw the real GDP expanding by 6.7 per cent, the lowest in 15 quarters. This led to a slew of analysts revising their expectations on growth to below 7 per cent for the fiscal and some also wonder if India is in a cyclical growth slowdown. "There is some incipient pressure evident on the domestic economy. Basis our analysis of 50 meaningful leading indicators (both consumption as also demand centric), a dip looks plausible across select cohorts of agri, industry and services in Q2," the SBI economists said. It said aggregate demand continued to grow albeit with a slower momentum than in the preceding quarters and ..

BFSI Summit: Banks driving deposits with value-added services, says Setty

Slowdown in unsecured loan growth due to rising risk rates: SBI chief

'All focus on deposit mobilisation': SBI Chair CS Setty at BS BFSI Summit

SBI Chairman C S Setty discusses deposit mobilisation, challenges, and value addition at the Business Standard BFSI Insight Summit

Cybercrime alert: PIB warns customers against fake 'SBI Rewards' app

PIB has clarified that SBI never sends links or APK files via SMS or WhatsApp for redeeming rewards

Mcap of 6 of top 10 most valued firms up Rs 1 trn; State Bank, ICICI on top

The combined market valuation of 6 of the top-10 most-valued firms surged Rs 1,07,366.05 crore last week, with State Bank of India and ICICI Bank becoming the biggest gainers. Leading stock exchanges BSE and NSE conducted a one-hour special 'Muhurat Trading' session on the occasion of Diwali on November 1, marking the start of the new Samvat 2081. Last week, the BSE benchmark climbed 321.83 points, or 0.40 per cent. While Reliance Industries, ICICI Bank, State Bank of India, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, and Infosys faced erosion from their market valuation. The valuation of State Bank of India jumped Rs 36,100.09 crore to Rs 7,32,755.93 crore. ICICI Bank added Rs 25,775.58 crore to Rs 9,10,686.85 crore in its market valuation. LIC's valuation surged Rs 16,887.74 crore to Rs 5,88,509.41 crore and that of Reliance Industries soared Rs 15,393.45 crore to Rs 18,12,12