Page 45 - Sbi

Sensex ends 232 pts up, Nifty50 near 19,600; Pharma, IT stocks upbeat

Closing Bell on August 7: Among sectors, Nifty Healthcare, Nifty Pharma, and Nifty IT indices emerged as the top leaders, gaining up to 2 per cent

M-cap of 7 of top-10 valued firms erode by Rs 1 trn, SBI biggest laggard

The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,09,947.86 crore last week, with State Bank of India taking the biggest hit, in-tandem with weak trend in equities. Last week, the BSE benchmark fell by 438.95 points or 0.66 per cent. From the top-10 pack, Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS), HDFC Bank and Infosys witnessed addition in their market valuation. The valuation of State Bank of India tumbled Rs 38,197.34 crore to Rs 5,11,603.38 crore. Shares of State Bank of India on Friday fell by nearly 3 per cent after the company's first quarter earnings failed to cheer investors. The market capitalisation (mcap) of ICICI Bank eroded by Rs 17,201.84 crore to Rs 6,79,293.90 crore. ITC's valuation tanked Rs 16,846.18 crore to Rs 5,66,886.01 crore and that of Bajaj Finance fell by Rs 14,366.34 crore to Rs 4,32,932.18 ...

SBI reports merely 3% employee attrition, much lower than Private peers

The expansion of industry and the economy are producing ample job opportunities, which may be one of the reasons behind the high attrition rate in the private sector

SBI Q1 results: Net profit up 178% to Rs 16,884 cr, NII rises 25%

Credit growth robust in all segments, says chairman of public sector lender

SBI Q1FY24 result: Profit more-than-doubles to Rs 16,884 cr, NII up 25% YoY

India's largest state-owned bank clocked a NII of Rs 38,905 crore

Stocks to Watch on Aug 4: SBI, Zomato, Paytm, Airtel, M&M, Vedanta, GAIL

Stocks to Watch today, August 4: 2023: Food aggregator platform Zomato turned profitable for the first time ever in Q1FY24

SBI MD bats for allowing special Vostro surplus in corporate bonds

This arrangement for investment has not really picked up in terms of surplus money in the vostro accounts being invested in g-secs, he added

Stocks to Watch on Aug 1: Adani Total, PVR Inox, Maruti, ITC, SBI, autos

Stocks to Watch on Tuesday, August 1, 2023: The Board of ITC will meet on August 14 to announce Q1FY24 results, and consider the Scheme of Arrangement for the demerger of Hotels Business

MGNREGS & PMJDY: States show positive correlation for women beneficiaries

Share of women in total bank deposits rises to over 20% in FY23

State Bank of India raises Rs 10,000 crore via infra bonds at 7.54%

Prices issue at finer rate amid hardening yield; Gets bids worth Rs 21,698 crore

Growth, asset quality expectations may limit downside for SBI Card

Growth in spends was healthy with retail spending up 28 per cent YoY while corporate spends rose 10 per cent YoY in Q1FY24

SBI's infra bond response likely to lure lenders into tapping mkt: Bankers

Earlier in the day, the SBI accepted bids worth 100 billion rupees for 15-year bonds at a coupon of 7.54%

SBI Q1FY24 preview: Analysts see profit surging up to 169% YoY; here's why

SBI Q1 preview: The net profit estimates for Q1FY24 range from Rs 13,760 crore to Rs 16,340 crore

Indian banks to witness record profitability in FY24: SBICAPS report

It added that the repo rate is expected to remain at current levels until late in FY24

HDFC Bank overtakes SBI in CRISIL's corporate banking ranking for 2023

For middle market corporates, HDFC Bank again topped the list of 2023 Leaders among local banks, and joined ICICI Bank as the year's joint Greenwich Quality Leaders

SBI Caps asks ARCs to make final offers for Vidarbha Industries' debt

Aditya Birla ARC has joined hands with Varde Partners of Singapore to acquire the company's debt, said a banking source

SBI, other PSBs to fund Adani's Rs 34,000 cr PVC project in Mundra

Mundra Petrochem, an arm of Adani Enterprise has set its eyes on installing the plant with an annual capacity of one million tonnes in the first phase at a total cost of $2.5 million

RBI likely to maintain status quo in upcoming monetary policy: SBI Chairman

CPI inflation can be perceived as an aberration

RBI likely to maintain status quo in upcoming monetary policy: SBI Chairman

State Bank of India (SBI) Chairman Dinesh Khara on Wednesday said the Reserve Bank of India is likely to maintain status quo in the upcoming monetary policy. "As a bank we don't don't expect rate cut, status quo is likely to be maintained by the RBI," he said at an event organised by industry body CII here. The next meeting of the Monetary Policy Committee of the Reserve Bank of India is scheduled to be held on August 8-10, 2023. In its June 8, policy review meeting, the Reserve Bank of India left its key interest rate unchanged for a second straight policy meeting but signalled that it wants to see inflation moderate more while keeping an eye on the monsoon.

SBI to set up trustee company to manage corporate debt market dev fund

State Bank of India (SBI) will set up a trustee company, which will be its wholly-owned subsidiary, for managing the Corporate Debt Market Development Fund (CDMDF). SBI Funds Management Ltd has been identified as the investment manager cum sponsor of the fund. In a regulatory filing on Tuesday, SBI said it has approved setting up the trustee company as a wholly-owned subsidiary of the bank for managing the fund. The proposal is also subject to regulatory approvals, the filing said. SBI has a 62.53 per cent stake in SBI Funds Management Ltd. The setting up of the CDMDF was announced by markets regulator Sebi earlier this year. The fund will act as a backstop facility for purchase of investment grade corporate debt securities to instil confidence amongst the participants in the corporate bond market during times of stress. It will also help enhance secondary market liquidity by creating a permanent institutional framework for activation in times of market stress. In times of marke