Page 56 - Sbi
SBI posts record quarterly profit of Rs 9,114 cr, misses Street estimates
The bank's profit growth was mainly due to improvement in its net interest margins and a sharp decline in loan loss provisions
 "SBI posts record quarterly profit of Rs 9,114 cr, misses Street estimates")
Top headlines: Musk puts Twitter deal on hold, SBI Q4 profit rises 41%
Elon Musk says his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts
 "Top headlines: Musk puts Twitter deal on hold, SBI Q4 profit rises 41%")
Sensex falls 992 pts from day's high, ends 137 pts down; SBI sheds 5%
CLOSING BELL: SBI was the biggest laggard on the index, down nearly 5 per cent, as the lender's Q4 missed Street's estimates
 "Sensex falls 992 pts from day's high, ends 137 pts down; SBI sheds 5%")
SBI Q4 result: Profit rises 41% to Rs 9,113 cr; Rs 7.10-dividend announced
SBI Q4 result: The numbers missed Street estimates, which was expecting the net profit to rise in the range of 63-72 per cent YoY to come in between Rs 10,493 crore and Rs 11,056.7 crore
 "SBI Q4 result: Profit rises 41% to Rs 9,113 cr; Rs 7.10-dividend announced")
SBI Q4 profit may rise over 60% YoY but NIM could contract mildly: Analysts
SBI Q4 Preview: The increase in net profit would be aided by up to 19 per cent YoY/5 per cent QoQ growth in net interest income (NII) at Rs 32,100 crore
Sensex ends 277pts lower, Nifty 73pts; L&T, Bajaj twins slip; banks rebound
In the primary market, Venus Pipes & Tubes IPO was subscribed 2 times on Day 1 of the offer period; Delhivery IPO was off to a slow start.
 "Sensex ends 277pts lower, Nifty 73pts; L&T, Bajaj twins slip; banks rebound")
SBI board approves $2 bn fund raise in FY23 in single or multiple tranches
The funds will be raised via a public offering and/or on private placement basis
 "SBI board approves $2 bn fund raise in FY23 in single or multiple tranches")
SBI hikes bulk deposits rates by 40-90 bps, with immediate effect
All deposits more than 3 years to earn 4.5% rate of interest;m Bajaj Finance increases FD rates by 10 bps
Top headlines: SBI to raise up to $2 bn in FY23; Asian Paints Q4 net slips
Business Standard brings you the top headlines on Tuesday
 "Top headlines: SBI to raise up to $2 bn in FY23; Asian Paints Q4 net slips")
Gurugram police, SBI arrangement allows on-the spot traffic fine payments
Traffic violators in Gurugram can soon pay fines on spot, thus eliminating the need to visit the Traffic Tower- the traffic police office.
 "Gurugram police, SBI arrangement allows on-the spot traffic fine payments")
Stocks to Watch: Tata Consumer, Havells, CEAT, Dabur, Marico, SBI, Voltas
Stocks to Watch: Adani Power, Adani Transmission, CEAT, Dabur India, Marico, Exide Industries, Happiest Minds Technologies, and Indus Towers will be in focus ahead of theur Q4 results.
 "Stocks to Watch: Tata Consumer, Havells, CEAT, Dabur, Marico, SBI, Voltas")
State Bank of India to raise $2 billion through overseas bonds in FY23
The executive committee of the Bank's central board will meet on May 10 to examine the status and decide on long term fund raising in single/multiple tranches, the bank informed BSE
LIC IPO: Over 70% of anchor allotment made to domestic mutual funds
LIC raises a total of Rs 5,627 crore in anchor book; overseas funds pour in just Rs 1,624 crore
 "LIC IPO: Over 70% of anchor allotment made to domestic mutual funds")
Incremental credit-to-GDP FY23 share likely to cross 50% mark: SBI report
The share of incremental bank credit in incremental nominal GDP is likely to cross the 50 per cent mark in the current financial year, from a decade low of 27 per cent in FY2022, an SBI report said
 "Incremental credit-to-GDP FY23 share likely to cross 50% mark: SBI report")
Resolution primary objective of IBC; but recovery important too: SBI MD
Financial and operational creditors owe money to companies facing insolvency proceedings and so recovery has to be an important factor while achieving resolution of stressed assets, he noted
 "Resolution primary objective of IBC; but recovery important too: SBI MD")
SBI Card's net rises three-fold to Rs 581 cr, income up 22% to Rs 3,016 cr
The pure-play credit card issuer had reported a net profit of Rs 175.42 crore in the same quarter of the previous fiscal year
ED searches 26 locations in ABG Shipyard money laundering case
Surat-based ABG Shipyard and its former promoters are accused of duping a consortium of 28 banks to the tune of Rs 22,842 crore
 "ED searches 26 locations in ABG Shipyard money laundering case")
TCS to take decade-long relationship with SBI Cards to a new level
The tech firm will expand the next leg of digital transformation at SBI Cards
 "TCS to take decade-long relationship with SBI Cards to a new level")
Bank liable for break-in and theft from locker
The National Commission observed that when a locker is broken into, it constitutes a breach of the promised assurance of safety, and is hence, a deficiency in service
Chinese lenders dominate APAC bank rankings with 22 in the top-50 list
India's ICICI Bank, at 50th spot, among newest additions to the compilation, which also has SBI (22) and HDFC Bank (44)