Page 5 - Sbi

KPI Green Energy secures ₹3,200 cr sanction from SBI for Gujarat projects

The sanction will part-finance the firm's 250 MW solar project and 370 MW hybrid project, strengthening its IPP portfolio with a combined capacity of over 1 GWp

ACME Solar secures ₹1,100 cr SBI funding for 300 MW project in Rajasthan

ACME Solar Holdings on Tuesday said it has raised Rs 1,100 crore in domestic funding from the State Bank of India for its 300 MW renewable energy project in Rajasthan. The funds will be utilised to refinance the existing debt and reduce financing cost by around 100 bps for the Rajasthan project. This refinancing has been secured from the State Bank of India (SBI) for a tenure of approximately 17 years. ACME Solar Holdings said the refinancing is consistent with the company's strategy to optimize financing costs across its portfolio and strengthen its credit profile through rating upgrades. The 300 MW renewable energy project in Rajasthan has an operational track record of about six months and has consistently maintained optimum capacity utilization factor (CUF) levels. The reduced cost of debt enables ACME Solar to strengthen its financial position further as it pursues significant capacity growth over the next few years. ACME Solar Holdings is an integrated renewable energy play

Hero Future Energies gets ₹1K cr funding from SBI to fund hybrid project

Hero Future Energies has secured a Rs 1,024 crore funding from State Bank of India (SBI) to finance a hybrid project in Andhra Pradesh. The 60 MW project, which combines solar, wind and storage, and is contracted with SECI, is being built in Kurnool district of the southern state. Funding worth Rs 10,240 million (Rs 1,024 crore) has been secured through SPV (special purpose vehicle) Clean Solar Power Barmer. The funds will be utilised for the development and construction a 60 MW hybrid peak power project, the company said. This funding, which will have repayment spread over a period of 21 years, will help in timely completion of the said peak power project. The renewable energy arm of the Hero Group, HFE is backed by leading global investors such as International Finance Corporation (IFC) and KKR.

SBI launches scholarship of up to Rs 20 lakh, apply by Nov 15; know more

SBI has launched the 'Platinum Jubilee Asha Scholarship 2025' to help underprivileged students from Class 9 to PG with a funding of up to 20 lacs a year. The last date to apply is November 15

Mcap of 7 top valued firms jumps by ₹1.18 trn; SBI, Airtel biggest winners

The combined market valuation of seven of the top-10 most valued firms jumped by Rs 1,18,328.29 crore last week, with State Bank of India and Bharti Airtel emerging as the biggest gainers, amid an optimistic trend in equities. Last week, the BSE benchmark surged 721.53 points or 0.88 per cent. While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, State Bank of India, Infosys and Life Insurance Corporation of India (LIC) were the winners, ICICI Bank, Bajaj Finance and Hindustan Unilever emerged as the laggards. The market valuation of State Bank of India jumped Rs 35,953.25 crore to Rs 7,95,910 crore. Bharti Airtel added Rs 33,214.77 crore taking its valuation to Rs 11,18,952.64 crore. The market capitalisation (mcap) of Reliance Industries zoomed Rs 17,389.23 crore to Rs 19,04,898.51 crore and that of TCS surged by Rs 12,952.75 crore to Rs 11,46,879.47 crore. LIC's valuation edged higher by Rs 12,460.25 crore to Rs 5,65,612.92 crore and that of Inf

SBI share price hits highest level in 2025, nears record high; upside left?

State Bank of India shares rose 1 per cent to ₹863.50 on the BSE today, hitting their highest level in calendar year 2025.

Trading guide: Nifty eyes 25,500; Bharti Airtel, JSW Steel on analyst radar

Bharti Airtel continues to display a strong price structure, sustaining its steady uptrend, while SBI has registered a breakout after consolidating in a narrow range for nearly five months

SBI completes 13.18% sale in Yes Bank to Sumitomo Mitsui Banking Corp

The proceeds of the transaction would boost the bottomline of SBI in the second quarter ending September at a time when interest income and margins are under pressure

Bank OTS scheme not a borrower's right without upfront payment: SC

Apex court rules SBI justified in rejecting OTS plea for non-compliance with 5% deposit condition

Masked men loot ₹21 crore in cash, gold from SBI branch in Karnataka

Vijayapura Superintendent of Police Laxman Nimbargi said that the robbers reportedly used a Suzuki vehicle with a fake number plate and fled towards Pandharpur in Maharashtra

SBI completes ₹8,889 crore stake sale in Yes Bank to Japan's SMBC

Earlier this year, SMBC had agreed to acquire a 20 per cent stake in Yes Bank, making it one of the largest foreign investments in the Indian banking sector

SBI, private banks' ₹13,483 cr Yes Bank stake sale to be 'tax-free'

SMBC's 20% stake purchase marks Japan's biggest bank's entry into India and the largest cross-border deal in the country's financial sector

FSIB picks Ravi Ranjan to succeed Vinay Tonse as SBI Managing Director

FSIB, the headhunter for directors of state-owned banks and financial institutions, has recommended Ravi Ranjan for the position of managing director of State Bank of India (SBI). Ranjan, currently Deputy Managing Director, would replace Managing Director Vinay M Tonse, who would complete his term on November 30, 2025. Financial Services Institutions Bureau (FSIB) interviewed nine candidates on September 11, 2025, for the position of Managing Director (MD) in SBI, the Bureau said in a statement. "Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommends Ravi Ranjan for the position of MD in SBI," it said. The SBI board is headed by Chairman, assisted by four managing directors. The final decision on FSIB's recommendation would be taken by the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi. FSIB is headed by former Secretary, Department of Personnel and Training (DoPT), Bhanu Pratap

SBI Clerk Prelims Admit Card 2025: How to download hall tickets once out?

SBI Clerk Prelims Exam: SBI advertised a total of 6,589 Clerk (Junior Associate) openings at the official SBI website at sbi.co.in. The exam will held on September 20, 21, and 27, 2025 for an hour

NaBFID to submit infrastructure financing report to DFS within 15 days

NaBFID will consult stakeholders and submit a report to the Department of Financial Services in 15 days after a meeting chaired by DFS Secretary M Nagaraju with top banks and DFIs

Nifty PSU Bank index rallies 3% in 2 days; Indian Bank hits all-time high

PSU Bank stocks gained up to 2% in trade on Thursday; Nifty PSU Bank index hit an intra-day high of 7,142.25, and was 2.3 per cent away from its 52-week high of 7,304.80 touched on July 17, 2025.

PSBs must marry innovation with trust, says SBI chairman CS Setty

SBI Chairman Challa Sreenivasulu Setty says PSBs must combine innovation, resilience and trust to stay competitive as digitalisation, fintech and cybersecurity reshape banking

Slim credit demand sees large PSBs turn focus to mid-sized corporates

With muted demand from large corporates, state-owned banks are shifting focus to mid-sized firms, which offer higher yields and stronger margins despite competition from bond markets

New GST reforms to cause ₹3,700 cr revenue loss to govt: SBI report

The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue loss of Rs 3,700 crore. The government estimates the net fiscal impact of GST rates rationalisation will be Rs 48,000 crore on an annualised basis. According to the report, given the growth and consumption boost, the minimal revenue loss is estimated at Rs 3,700 crore and will have no impact on the fiscal deficit. At the 56th meeting of GST Council held few days ago, the current four-tier structure has been replaced with a two-tier one, with a standard rate of 18 per cent and five per cent, and de-merit rate of 40 per cent on selected few goods and services. The report said that the GST rate rationalisation will largely have a positive impact on the banking sector due to meaningful cost efficiencies. GST rate rationalisation has also brought down the effective weighted average rate from 14.4 per cent at the time of inception in 2017, which is

GST rate rejig may ease inflation by up to 75 bps in FY26: SBI Research

The GST rate rejig, which will bring down tax rates on essential household items and services, may help moderate retail inflation by 65-75 basis points in the next fiscal, SBI Research Report said on Thursday. The 56th meeting of the GST Council on Wednesday rationalised the current 4-tiered tax rate structure into a citizen-friendly 'Simple Tax' - a two-rate structure with a standard and merit rate of 18 per cent and 5 per cent, respectively. A special de-merit rate of 40 per cent has been set for a select few goods and services. The new tax rates will be effective from September 22, except for tobacco and related products, for which a date will be announced later. Of the 453 goods where GST rate has changed, 413 goods saw a decrease in rates, while only 40 goods witnessed an increase in rates. Almost 295 goods now have new GST rate of 5 per cent/NIL from earlier 12 per cent, the report said. "Since the GST rate of essential items (around 295 items) has declined from 12 per cent t