Page 5 - Sbi

SBI seeks govt-backed credit guarantee for risky new-age sectors: MD

Country's largest lender SBI is in talks with the government for having a credit guarantee scheme for risky, new-age sectors, its managing director Ashwini Kumar Tewari said on Monday. SBI also wants the inclusion of green finance in priority sector lending mandate, but the RBI and the government are averse to the idea because of the crowding-out effects on other aspects, Tewari said. Speaking at the CII Finance Summit here, Tewari said SBI will soon be inaugurating a centre of excellence that will help not just itself but the broader universe of financiers with aspects like drafting policies on lending, assessing and pricing of risk, etc. The CoE will focus on eight sectors, including electric vehicles, high-end solar technology, green hydrogen, green ammonia, batteries and data centre, he said. "We are telling the government to build in some guarantee schemes for the new age and riskier elements of the industry," he said, without elaborating on the specifics been sought. At pres

State Bank of India centralises trade finance operations at Kolkata hub

State Bank of India is reinforcing its trade finance operations through a centralised digital hub for the east and northeast, aiming to expedite processing, bolster compliance, and enhance customer experience, the state-owned lender said. During a visit to the Global Trade Finance Centre (GTFC) in Kolkata, Chairman C S Setty said on Saturday stated that it is a strategic move to handle trade finance and international banking transactions for the bank's branches across eastern and northeastern India. "The bank is reimagining its trade finance capabilities to meet the evolving needs of businesses across India and beyond," Setty said in a statement. "Combining cutting-edge technology with deep domain expertise, we aim to set new benchmarks in speed, security and customer experience," he said. The GTFC, which features over 300 skilled professionals, is driving SBI's transition from paper-based to digital processes, officials said. The bank is leveraging technologies like artificial ..

SBI Funds Management looks to raise $1.2 bn via IPO in first half of 2026

India's biggest asset manager plans to ask banks to pitch for mandates to work on the IPO in the coming weeks; SBI Funds may be valued at $12 billion

SBI aiming to modernise its core banking infrastructure in next 2 years

India's largest lender is overhauling its IT backbone for agility, scale, and AI-led efficiency

Banks move to '.bank.in' domain from '.com': Here's why RBI made the change

Starting October 31, the Reserve Bank of India asked all banks to move their websites to the new '.bank.in' domain to stop phishing scams

State-run banks target ₹9,000 crore from Tier-II bonds by December

Fundraising rush follows SBI's record Oct issue as yields soften

State Bank of India looks to maintain at least 15% CAR: Chairman C S Setty

Expects three Indian banks among top 10 global banks in terms m-cap by 2030

State Bank of India greenlights 6% stake sale in mutual fund arm via IPO

State Bank of India and joint venture partner Amundi will sell 10% stake in SBI Funds Management through an IPO in 2026, expected to raise Rs 11,000-13,000 crore

After ₹100 trillion biz, SBI enters $100 billion market capitalisation club

Entering top 10 global banks by m-cap by 2030 next aim, says Chairman Setty

Improving credit growth trajectory, steady margins positive for SBI

SBI's strong credit growth, stable NIMs, and improved asset quality drive optimism as analysts raise earnings and price targets for H2 FY26

SBI report calls for comprehensive national gold policy amid soaring prices

As gold prices soar to new heights, a study on Wednesday made a case for a comprehensive policy for the yellow metal as India is one of the world's largest bullion markets, influenced by a cultural affinity for the shiny metal and investment demand. Gold price has been reaching new heights driven by geo-political tensions, economic uncertainty, and a weakening US dollar, said the report titled 'Coming Of (A Turbulent) Age: The Great Global Gold Rush' by the State Bank of India's Economic Research Department. The year-to-date price has increased by over 50 per cent in 2025. The price came down to below USD 4,000 per ounce for a few days in October, but again moved above USD 4,000/oz in November. The report noted that the domestic supply of gold is only a fraction of the total gold supply in India, with imports contributing around 86 per cent of the total supply in 2024 as per the World Gold Council estimate. India is one of the largest gold markets, influenced by cultural affinity f

PSU banks record 9% growth in profit to record ₹49,456 cr profit in Q2

State Bank of India-led public sector banks posted a record cumulative profit of Rs 49,456 crore in the second quarter of the current fiscal, reflecting a 9 per cent year-on-year growth despite two lenders reporting a decline. All 12 public sector banks (PSBs) together made a profit of Rs 45,547 crore in the September quarter of FY25. Thus, the increase in profit in absolute terms was Rs 3,909 crore as compared to the same quarter of the previous financial year. Market leader SBI alone contributed 40 per cent to the total earnings of Rs 49,456 crore, as per the published numbers on stock exchanges. SBI logged a net profit of Rs 20,160 crore in Q2 FY26, 10 per cent higher than the same period of the previous fiscal. In percentage terms, Chennai-based Indian Overseas Bank reported the highest net profit growth of 58 per cent to Rs 1,226 crore, followed by Central Bank of India with a 33 per cent rise to Rs 1,213 crore. During the quarter, all 12 public sector banks (PSBs) except Ban

Yono 2.0 likely to launch by end of December: SBI Chairman C S Setty

Aim to have 20 crore mobile banking customers

SBI Q2 net profit rises 10% to ₹20,160 crore on Yes Bank stake sale

State Bank of India reported a strong second-quarter performance, driven by gains from the Yes Bank stake sale, and raised its FY26 credit growth guidance to 12-14% amid steady asset quality

SBI Q2FY26 results: Profit up 6.4% at ₹21,504 crore, NII rises 3.3%

SBI Q2FY26 result: Profit up 6.4% at ₹21,504 crore, NII up 5.8%

SBI Q2 results today: Analysts expect a flattish quarter from PSU bank

SBI Q2 results preview: While credit growth is seen in-line with industry growth, SBI may see margin pressure in Q2.

Q2 results today: SBI, Adani Enterprises, M&M, Paytm, 119 others on Nov 4

Q2FY26 company results: Firms including Adani Ports and SEZ, Aditya Birla Fashion and Retail, Alembic, and Interglobe Aviation are also to release their July-September earnings reports today

BS BFSI Summit: SBI one of the largest spenders on tech, says C S Setty

At BS BFSI Summit 2025, Setty discussed the slowdown in credit growth, the RBI's reforms, and the potential impact of allowing private sector professionals into public-sector banks

SBI's alternative investment funds invest ₹100 cr in Lenskart ahead of IPO

SBI Optimal Equity and Emergent AIFs buy shares from promoter Neha Bansal at ₹402 apiece, joining Radhakishan Damani among investors betting on eyewear retailer's upcoming listing

SBI's Setty discusses technology spending, talent retention and RBI reforms | BFSI Summit 2025

State Bank of India (SBI) Chairperson C S Setty on Wednesday said India’s overall credit growth remains strong.