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SBI launches $500 million social loan to boost women's economic empowerment

Country's leading lender SBI on Saturday announced the launch of a USD 500 million syndicated social term loan facility, focused exclusively on women empowerment with a greenshoe option, on the eve of International Women's Day. This syndicated transaction is a milestone for SBI and the global ESG financing landscape, for the noble cause of women empowerment, the bank said in a statement. This financing is focused on accelerating social impact and demonstrates SBI's commitment to reduce 'the gender gap' and contributes meaningfully to United Nations' Sustainable Development Goal (SDG) 5 -- 'Achieve Gender Equality and Empower all Women and Girls'. On the occasion, SBI Chairman C S Setty said, "On this women's day, we are happy to announce that as a responsible organisation, we are deeply committed to fostering women empowerment as a cornerstone of sustainable development." This landmark social loan embodies the bank's dedication to Environmental, Social, and Governance (ESG) ...

SWIFT: Global banks to roll out new norms to speed up cross-border payments

SBI, HDFC Bank, ICICI Bank, and Axis Bank are the Indian banks who have supported the new framework

SBI recruits 5,783 junior associates, crosses 18,000 hires in FY26

SBI has selected 5,783 junior associates from nearly 9 lakh applicants, taking its total hires in FY26 to more than 18,000 as the bank ramps up customer service and branch operations

SBI DMD Nitin Chugh exits as contract term ends, digital role concludes

SBI Deputy Managing Director Nitin Chugh, who led the bank's digital banking and transformation initiatives including YONO 2.0, has exited following the conclusion of his contract

NCLAT upholds personal insolvency against Dhoot brothers in Videocon case

The appellate tribunal NCLAT has dismissed petitions filed by two Dhoot brothers - Rajkumar Nandlal Dhoot and Pradeep Nandlal Dhoot, challenging the initiation of personal insolvency against them over a default committed by debt-ridden Videocon Industries. Personal Insolvency against the Dhoot brothers was initiated after SBI had issued a demand notice of Rs 5,353.78 crore over defaults by Videocon Industries, the principal borrower, for which they were the personal guarantors. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) has upheld the two orders passed by the Mumbai bench of NCLT in June last year, in which it had directed the initiation of insolvency against the duo, brothers of Videocon founder Venugopal Dhoot. The appellate tribunal also rejected their plea that petitions filed by leading public sector SBI, on which the National Company Law Tribunal has directed to initiate insolvency proceedings in their personal capacity, were barred under ...

SBI leases 134,000 sq ft of office space in Navi Mumbai for its GCC

Last month, SBI set up a GCC in Bengaluru marking a first-of-its-kind initiative by an Indian bank

SBI targets increasing its green advances portfolio to 10% by 2030

State Bank of India (SBI) -- the country's biggest lender -- has set a goal of increasing green advances to 7.5-10 per cent by 2030, with 25 per cent of these advances to be funded through green lines of credit. Green advances portfolio was 1.56 per cent of the bank's total advances as on March 31, 2025. Further strengthening this strategy, SBI has launched CHAKRA, a Centre of Excellence to finance sunrise sectors such as renewable energy, electric mobility and green hydrogen, accelerating India's green transition, the bank said in a statement on Sunday. Meanwhile, the bank hosted its sixth edition of the SBI Green Marathon, reaffirming its unwavering commitment to environmental stewardship and responsible banking. The marathon drew over 10,000 spirited Mumbaikars across 5 km, 10 km, and 21 km categories. Held under the theme 'Run For A Greener India', the event transformed the city's vibrant energy into a powerful call for climate responsibility and sustainable living, it ...

Mcap of 6 top valued firms climbs ₹63,000 cr; L&T, SBI biggest gainers

The combined market valuation of six of the top-10 valued firms climbed Rs 63,478.46 crore last week, led by Larsen & Toubro and State Bank of India, which emerged as the biggest winners. The 30-share BSE Sensex rose 187.95 points, or 0.22 per cent, over the past week. Larsen & Toubro, State Bank of India (SBI), HDFC Bank, Life Insurance Corporation of India (LIC), Bajaj Finance, and Reliance Industries were the gainers, while Bharti Airtel, ICICI Bank, Infosys, and Tata Consultancy Services saw their valuations erode. The market valuation of Larsen & Toubro jumped by Rs 28,523.31 crore to Rs 6,02,552.24 crore. SBI added Rs 16,015.12 crore to Rs 11,22,581.56 crore. The valuation of HDFC Bank climbed by Rs 9,617.56 crore to Rs 14,03,239.48 crore, and that of LIC edged higher by Rs 5,977.12 crore to Rs 5,52,203.92 crore. The market capitalisation (mcap) of Bajaj Finance advanced Rs 3,142.36 crore to Rs 6,40,387 crore, and that of Reliance Industries went up Rs 202.99 crore ..

SBI invests in startup-focused funds to boost India's MSME ecosystem: MD

State Bank of India (SBI) is actively investing in startup-focused funds and financial market infrastructure through direct equity participation as part of its MSME strategy, a top official said on Saturday. "We have been actively investing in startup-focused funds and financial market infrastructure through direct equity participation and schemes like Startup India, and banks in startup-intensive branches and business centres," SBI managing director Ravi Ranjan said while addressing the 'India by MSME' event of UGRO Capital in Mumbai. Highlighting the role of startups, he said, "As a code for the entrepreneurial spirit sweeping the new India, the startups are pivotal in accelerating MSME credit by driving innovation, fostering internet adoption, and creating basic employment and population scale with unicorns boosting technology governance, facilitating economic expansion for MSMEs." He further said the bank has started a startup hub in different cities and unmatched skill and ...

SBI in talks with Japanese lenders for acquisition financing: C S Setty

It has nearly ₹1 trn capacity to lend towards this segment; bank to file prospectus with Sebi by March for SBI MF IPO

Pvt banks to outperform PSBs post H1FY27: PL Capital; bets on SBI, ICICI Bk

The brokerage expects PSBs to continue growing well until the first half of FY27 (H1FY27), but said private sector banks (PVBs) could outperform thereafter

SBI Clerk Mains Result 2026: How to download result PDF, cut-off and more

The SBI Clerk Mains result 2025 will be out soon on the official website, sbi.co.in. The exam was conducted on November 21, 2025, for more than 60,000 candidates who appeared for the mains exams

Cash in circulation at record high despite rise in UPI use: SBI report

India's currency in circulation reached a record ₹40 trillion in January even as the cash-to-GDP ratio fell to 11%, signalling incremental GDP growth increasingly financed through digital payments

SBI beats TCS to become India's fourth-largest firm by market cap

SBI's market capitalisation rose to ₹10.92 trillion after its shares hit a record high, overtaking TCS, whose stock has fallen sharply from its lifetime peak

India Inc's bank pivot spurs corporate credit growth on economic pickup

Banks see strong revival in corporate lending as higher bond yields and improved working capital utilisation push companies back to bank loans in Q3FY26

SBI shares hit record high after Q3; brokerages raise target up to ₹1,300

SBI shares hit a fresh all-time high after Q3FY26 results beat estimates. Brokerages raise earnings forecasts and target prices to ₹1,300, maintaining buy calls

SBI Q3FY26 results: Net profit up 24.5% to ₹21,028 crore on strong NII

SBI's Q3FY26 net profit rose 24.5 per cent to ₹21,028 crore on higher NII and non-interest income. The bank raised FY26 credit growth guidance to 13-15 per cent

SBI Q3FY26 result: Profit jumps 13.06% to ₹21,317 cr, income at ₹1.85 trn

On a standalone basis, the largest lender in the country reported 24.48 per cent jump in the December quarter net profit at ₹21,028 crore as against ₹16,891 crore in the year-ago period

Q3 results: SBI, Mahanagar Gas, Chemplast Sanmar among 109 firms on Feb 7

Q3FY26 company results: Firms including Tinna Rubber and Infrastructure, Autoline Industries, Balkrishna Paper Mills, and VST Tillers Tractors are also to release their October-December earnings today

A new hand on the wheel at Yes Bank: Vinay Tonse named new MD & CEO

Vinay Tonse will replace Prashant Kumar as MD & CEO as bank readies next growth push