Page 6 - Sbi

SBI to sell 1.42% stake in SBI Funds Management in pre-IPO placement

The stake sale at ₹574 per share - the top end of the asset manager's IPO price band - provides an early benchmark for the unit's valuation and indicates institutional demand before public offering

SBI Funds Management prices ₹11,693 crore IPO at ₹545-574 per share

India's largest asset manager by assets under management has set a valuation of Rs 1.2 trillion, with the Rs 11,693 crore offer for sale opening on July 14

Jackpot for SBI! Lender to pocket ₹7,364-cr from SBI Funds Management IPO

As of the date of the RHP, SBI held 1.26 billion equity shares of face value ₹1 each, representing a 61.86 per cent stake in SBI Funds Management

SBI Funds Management targets $12.24 billion valuation in India IPO

SBI is selling up to 128.3 million shares, while Amundi India Holding will divest up to 75.4 million shares, together offloading about 10 per cent of SBI Funds Management's paid-up equity capital

SBI seeks priority sector status for all infra loans to boost investment

State Bank of India has proposed granting priority sector status to all infrastructure loans or excluding them from ANBC calculations to encourage higher infrastructure investment

SBI joins global banks to fund Sun Pharma's $11.75 billion Organon buy

SBI is the only domestic bank to participate in the loan syndication

Q1 earnings preview: Will India's banks deliver another strong quarter?

India's banking sector is set to kick off the Q1FY27 earnings season, and early estimates point to another healthy quarter. Strong loan growth, stable asset quality, and treasury gains

SBI Funds Management draws top sovereign funds in $1.2 billion IPO

SBI ​Funds Management, a joint venture between the country's largest lender State Bank of India ​and Europe's largest asset manager Amundi, manages assets worth ₹12.5 trillion as of end-March 2026

SBI to hire 1,500 probationary officers this year to drive business growth

The country's largest lender State Bank of India is planning to recruit 1,500 probationary officers this year to drive its business growth. Of the total, 1,446 are regular vacancies, and the remaining 54 are backlog vacancies, SBI said in a recruitment notice. The last date for application is July 8, and the bank expects to complete the entire process by December. As per the eligibility criteria, an applicant should be a graduate in any discipline with a minimum age of 21 years as of April 1, 2026. Besides, SBI onboards professionals through lateral recruitment from diverse backgrounds, including IT professionals and domain experts, appointed as Specialist Officers across key functions, such as data centres, information technology, risk management, legal, treasury, compliance and data analytics, depending on the evolving and multidisciplinary nature of banking. Last financial year, SBI hired 67 sportspersons to promote Indian sports and cultivate a team of disciplined, high-perfor

SBICAP Securities appoints SBI executive Baldev Prakash as MD & CEO

Former Jammu & Kashmir Bank chief joins the SBI Group brokerage on deputation and will focus on technology, customer experience and long-term growth

SBI raises $300 mn via 3-year dollar bonds at SOFR plus 100 basis points

The country's largest lender becomes the latest Indian issuer to tap overseas debt markets under the RBI's concessional swap window with a $300 million bond issue

SBI raises its FCNR (B) game with 9x leverage play under RBI scheme

SBI rolled out a 9x leverage facility under RBI's FCNR(B) scheme as India's forex reserves fell sharply on lower gold valuations

SBI board approves raising up to ₹60,000 crore via bonds in FY27

The country's largest lender plans to raise funds through long-term bonds, Basel III-compliant AT1 bonds and Tier 2 bonds during FY27

SBI approves proposal to raise ₹60,000 cr in FY27 via debt instruments

State Bank of India (SBI) on Thursday said its board has approved a proposal to raise up to Rs 60,000 crore in the current fiscal through the issue of debt instruments. The funds would be raised either in rupee and /or any other convertible currency by issue of debt instruments like long-term bonds, Basel III-compliant Additional Tier 1 Bonds and Basel III compliant Tier 2 Bonds. The funds would be raised through public offer or private placement mode to Indian and /or overseas investors during FY27, SBI said in a regulatory filing. Shares of SBI were trading at Rs 1,040.25, up 1.39 per cent over previous close on BSE.

SBI plans Indian rupee-denominated deposits in Sri Lanka to support trade

SBI plans to launch rupee-denominated deposits in Sri Lanka to boost the use of the Indian currency in bilateral trade and investment

SBI, Bank of Baroda plan first dollar bonds under RBI subsidy window

Both banks are targeting to raise around $500 million through five-year dollar bonds

DFS Secretary Lohiya named director on RBI, SBI central boards

The government has appointed Department of Financial Services Secretary Sanjay Lohiya to the central boards of the Reserve Bank of India and State Bank of India

NCLT admits SBI's personal insolvency plea against Anil Ambani

A division bench comprising Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar admitted the application through an oral order

NCLT admits SBI's plea to start insolvency process against Anil Ambani

The Mumbai bench of the NCLT admitted SBI's application seeking recovery of more than Rs 1,200 crore from Ambani under provisions of the Insolvency and Bankruptcy Code

Banks are in the pink of health, for now, but face twin challenges ahead

Twin challenges before banks are mobilisation of funds to support credit growth and fixing the cracks in certain segments of credit