Page 31 - Sbi

SBI posts 9.13% rise in consolidated net profit to Rs 16,099 cr in Q2

The country's largest lender SBI on Saturday reported a 9.13 per cent growth in consolidated net profit for the September quarter to Rs 16,099.58 crore. The state-run lender had reported a consolidated net profit of Rs 14,752 crore in the year-ago period and Rs 18,356 crore in the June quarter. On a standalone basis, it posted a net profit of Rs 14,330.02 crore as against Rs 13,264.52 crore in the year-ago period. The bank, which controls over a fifth of the overall market and has the widest network in the country, reported a total income of over Rs 1.12 lakh crore for the quarter under review, up from Rs 88,733 crore in the year-ago period. From an asset quality perspective, its gross non-performing assets ratio was at 2.55 per cent as of September 30, an improvement from the 3.52 per cent in the year-ago period and the 2.76 per cent in the first quarter of the current fiscal. Its overall capital adequacy stood at 14.28 per cent as of September 30.

SBI Q2 results preview: Analysts expect lender's profit to drop; here's why

State Bank of India is scheduled to report its September quarter results on Saturday, November 4

Stocks to Watch: Tata Steel, Hero Moto, Britannia, GAIL, JK Tyre, Ambuja

Stocks to watch on November 2, 2023: Two-wheeler manufacturer Hero Moto's consolidated net profit rose 47.6 per cent YoY to Rs 1,007 crore in the September quarter

SBI raises Rs 10,000 crore via Tier-II bonds at 7.81% coupon rate

Gets over Rs 15,000 crore worth of bids According to bond market sources, SBI raised a debt capital of Rs 3,100 crore through Additional Tier-I bonds (AT1) earlier this financial year

Sensex ends 284 pts lower, Nifty below 19K again; Asian Paints, metals drag

Stock market on November 1, 2023: On the positive front, Sun Pharma gained nearly 3 per cent; Debutant Blue Health hit upper circuit on debut.

BS BFSI Insight Summit: SBI to drive in with Yono 2.0 in nine months

Sees no concern on NPA front; macros in mint condition

No concerns on asset quality front in foreseeable future, says SBI chairman

On creating a new position as an assistant general manager (deposit) for every branch, Dinesh Khara said that the Indian economy is evolving, and in order to grow, we need to generate more income

State Bank of India ropes in cricket icon MS Dhoni as brand ambassador

Dhoni will play a pivotal role in various marketing and promotional campaigns of SBI

SBI ropes in MS Dhoni as ambassador, to be part of marketing campaigns

The country's largest lender State Bank of India (SBI) on Sunday announced its collaboration with cricketing legend Mahendra Singh Dhoni as its official brand ambassador. As the brand ambassador of SBI, Dhoni will play a pivotal role in various marketing and promotional campaigns, the bank said in a statement. His remarkable capacity to maintain composure in stressful situations and his renowned ability for clear thinking and rapid decision-making under duress makes him the ideal choice that resonates with SBI to connect with its customers and stakeholders across the country, it added. This association symbolises the bank's commitment to forging deeper connections with its customers, reflecting the values of reliability and leadership, it said. SBI Chairman Dinesh Khara said, "Dhoni's association with SBI as a satisfied customer makes him a perfect embodiment of our brand's ethos. With this partnership, we aim to reinforce our commitment to serving the nation and our customers with

Dues from wilful defaulters rose by Rs 100 cr per day since Covid-19 struck

Wilful defaulter dues up by Rs 1.2 trillion since the Covid-19 pandemic began. Some states have seen a larger rise than others

SBI, IDBI to Canara Bank: Lucrative offers to explore this festive season

Banks and credit card companies have different lucrative offers for customers amid the ongoing festive season. Check which bank has the best offers for customers

General insurance will grow by 18-24% in FY24: Kishore Kumar Poludasu

SBI General Insurance is a multi-product and multi-channel distribution network, said Poludasu

NCLT has considered SBI petition for withdrawal: Bajaj Hindusthan Sugar

The company owed banks around Rs 4,771 crore and had availed itself of two debt-restructuring schemes, leading to steep haircuts taken by the lenders

SBI Contra Fund: When turbocharging capital creation against the wind

The fund's month-end assets under management increased to Rs 14,649 crore in August 2023 from Rs 1,339 crore in August 2020

Rupee-denominated green bonds to pick pace from FY24: SBI's Dinesh Khara

He highlighted that India began green bond issuances in 2014, has garnered Rs 43 billion through green bonds and has been instrumental in augmenting the adoption of renewable energy

SBI borrowers to get special credits for green initiatives: Chairman

State Bank of India is working out the risk matrix for its borrowers wherein it gives some special credits for those embarking on green initiatives, Chairman Dinesh Khara said here on Monday. Since recently, the nation's largest lender has also been measuring the carbon footprint of its Rs 33-lakh crore portfolio at the account level in an attempt to mitigate climate risks and provide sustainable financing, he said. At the bank level we have started working out the risk matrix of our borrowers wherein we give some special credits to those embarking on green initiatives, the chairman said at a Ficci event here. However, he did not elaborate. Khara, who has been warning against green-washing, also called for better project reports for green financing so that the information asymmetry that plagues the green funding space can be mitigated. He also stressed on the need for a policy framework to promote the awareness on green finance ecosystem. There is a need for the chartered accoun

SBI chairman Dinesh Kumar Khara gets extension till August next year

State Bank of India (SBI) on Friday said the government extended the tenure of the bank's chairman Dinesh Kumar Khara till August next year. The government extends the term of office of Dinesh Kumar Khara, Chairman, State Bank of India beyond October 2023 till he attains the age of 63 years, or until further orders, whichever is earlier, SBI said in a regulatory filing quoting the finance ministry's notification. Khara attains the age of 63 years on August 28, 2024. SBI, in another filing, informed about the extension of the tenure of Ashwini Kumar Tiwari as the managing director for two years beyond January 27, 2024.

SBI SCO Application 2023: Last date to apply ends today, check details

SBI SCO Recruitment 2023 exam registration has been extended till Oct 21. Interested applicants can apply for different posts at sbi.co.in/web/careers. There are 45 posts and a total of 439 openings

Stocks to Watch today: Rate sensitives, PB Fintech, Vedanta, IndiGo, GCP

Stocks to Watch on Friday, October 6, 2033: SoftBank Group is likely to sell shares worth up to $105 million in PB Fintech via block deals

SBI launches 'Mobile Handheld Device' for convenience to customers

SBI Director Dinesh Khara revealed the "mobile handheld device", which is aimed at providing essential banking services to the consumers and promoting financial inclusion among the masses