Page 7 - Sbi

SBI signs Euro 100 mn line of credit with AFD to boost green financing

The funds raised will be used for climate mitigation actions aimed at reducing greenhouse gas emissions, the bank stated

SBI, AFD sign Euro 100 mn line of credit to boost green financing in India

The country's biggest lender State Bank of India (SBI) on Saturday said it has signed a Line of Credit agreement of EUR 100 million with Agence Franaise de Dveloppement (AFD) at its GIFT City branch at Gandhinagar. The funds mobilised through this partnership will be utilised in climate mitigation actions aimed at reducing greenhouse gas emissions to slow down global warming and climate adaptation measures designed to adjust systems, practices, and infrastructure to minimise the damage caused by current or anticipated impacts of climate change, SBI said in a statement. By empowering these measures, this collaboration strives to further advance India's transition to a low-carbon economy while enhancing resilience to climate-related risks, it said. The partnership is a strategic step towards SBI's goal of achieving a green portfolio constituting 7.5-10 per cent of its domestic gross advances by 2030, it said. Additionally, it will also enable the bank to provide competitive financing

Sponsor banks boost MF flows as SBI, HDFC Bank, ICICI Bank add heft

Bank-sponsored fund houses led by SBI, HDFC, and ICICI drove MF inflows in FY25, aided by their vast customer base and distribution networks

India Inc meeting capex need with own cash, says SBI chief C S Setty

SBI Chairman CS Setty said India Inc is funding capex through cash reserves of Rs 13.5 trillion, leading to weak loan demand; IBA to seek RBI nod for bank financing of M&A deals

VinFast Auto partners with SBI to provide car loans for EV buyers

VinFast Auto India on Friday said it has joined hands with State Bank of India to facilitate loans for customers. The agreement aims to offer a seamless suite of credit solutions ahead of the electric automaker's first product rollout in the country. The collaboration allows the automaker to leverage State Bank of India's extensive pan-India network of nearly 23,000 branches to reach customers across urban and emerging markets alike, Vinfast Auto said in a statement. "This partnership will not only offer convenient and competitive financing solutions, but also extend the brand's presence to a broader audience, enabling a seamless and holistic EV ownership journey," VinFast Asia CEO Pham Sanh Chau said. VinFast, a subsidiary of Vietnam-based Vingroup JSC, is gearing up for the launch of its VF 6 and VF 7 models in India.

FinMin reviews Q1 performance of PSBs, urges higher lending to economy

The finance ministry on Wednesday held a meeting of heads of public sector banks (PSBs) to review their first-quarter financial performance. The three-hour-long meeting was chaired by Financial Services Secretary M Nagaraju. During the meeting, the secretary urged the MDs and CEOs of state-owned banks to increase lending towards the productive sector of the economy, according to sources. The review meeting with public sector banks assessed the performance of the first quarter of 2025-26. Led by State Bank of India (SBI), public sector banks, cumulatively, logged a record profit of Rs 44,218 crore in the first quarter of the current fiscal, with an 11 per cent year-on-year growth. All 12 public sector banks together made a profit of Rs 39,974 crore in the June quarter of FY25. The increase in profit in absolute terms was Rs 4,244 crore. Market leader SBI alone contributed 43 per cent to the total earnings of Rs 44,218 crore, as per the published numbers on stock exchanges. SBI lo

GST rate rejig to give ₹1.98 trillion consumption boost: SBI report

The proposed GST reforms through a two-tier tax structure and lower tax rates on household goods will lead to an estimated average revenue loss of Rs 85,000 crore a year, but will boost consumption by Rs 1.98 lakh crore, SBI Research Report said on Tuesday. The Centre has proposed a 'next-gen GST' under which the Goods and Services Tax (GST) will be a two-rate structure of 5 and 18 per cent based of classification of items as 'merit' and 'standard'. Also, a 40 per cent tax will be levied on 5-7 select goods, including demerit goods like pan masala and tobacco. SBI Research Report estimated that the effective weighted average GST rate has come down from 14.4 per cent at the time of inception to 11.6 per cent in September 2019. Given the current rationalisation of rates, we believe that effective weighted average GST rate may come down to 9.5 per cent. However, the consumption boost, which totals for a 0.6 per cent increase in GDP, would not stoke inflation as taxes on mass consumptio

Mcap of 5 top valued firms climbs ₹60,675.94 cr; SBI, HDFC biggest winners

The combined market valuation of five of the top-10 most valued firms increased by Rs 60,675.94 crore last week, with State Bank of India and HDFC Bank emerging as the lead gainers in line with a positive trend in equities. In a holiday-shortened last week, Sensex climbed 739.87 points or 0.92 per cent, and the Nifty edged higher by 268 points or 1.10 per cent. From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India and Infosys saw an addition in their valuation, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Ltd, Life Insurance Corporation of India (LIC) and Bajaj Finance faced erosion from their market capitalisation (mcap). The valuation of State Bank of India jumped Rs 20,445.82 crore to Rs 7,63,095.16 crore, the most among the top-10 firms. The mcap of HDFC Bank surged Rs 14,083.51 crore to Rs 15,28,387.09 crore. Infosys added Rs 9,887.17 crore, taking its valuation to Rs 6,01,310.19 crore. The mcap of Bharti Airtel surg

State Bank of India led MF buys in July with ₹10,000 crore QIP bet

Fund managers acquired SBI shares worth ₹10,200 crore last month, making the lender their biggest buy in July

SBI to charge for big online IMPS transfers from Aug 15: How banks compare

Small online IMPS transfers stay free, but higher slabs will now attract charges; here's how SBI's revised rates stack up against other major banks

SBI to raise ₹15,000 cr via Tier II bonds to replace maturing debt

A senior SBI executive said the bank has approval from the board of directors to raise up to Rs 20,000 crore through debt capital in Fy26.

SBI to impose nominal charges from Aug 15 on IMPS transfers beyond ₹25,000

The country's largest lender State Bank of India (SBI) has revised charges on fund transfers through the IMPS (Immediate Payment Service) effective from August 15. Although there is no change in charges for fund transfer through IMPS done via branch, fund transfer above Rs 25,00o would attract charges through the online channel from August 15, as per the information posted on the SBI website. Transactions above Rs 25,000 done through online channels will now attract nominal charges ranging from Rs 2-10 plus Goods and Services Tax (GST). Transfer of funds above Rs 25,000 but less than Rs 1 lakh would attract a service charge of Rs 2; for amounts of Rs 1-2 lakh, Rs 6, and for amounts of Rs 2-5 lakh, Rs 10. Salary package account holders continue to enjoy full waivers for online IMPS transfers. For corporate customers, revised service charges are going to be effective from September 8, 2025, it said. IMPS transaction charges waived for current account (Gold, Diamond, Platinum, Rhodi

SBI halts Nayara's overseas transactions over Russia sanctions risk

State Bank of India (SBI) stops Nayara Energy's overseas transactions to avoid possible US and EU sanctions linked to Russian ownership, as banks grow cautious

Stock market close highlights: Sensex up 746pts, Nifty at 24,585; PSU Bk, Auto, Realty stocks shine

Stock market close highlights on Monday, August 11, 2025: On the BSE, Tata Motors, Eternal and Trent were the top gainers while ICICI Bank, BEL and Bharti Airtel were among the major laggards.

Tariff uncertainty may harm investment decisions: SBI chief CS Setty

But, the narrative around the uncertainty is more damaging and may cause delay in investment decisions and postponement of spending, he added

SBI Q1 results: Net profit rises 12.5% to ₹19,160 crore on treasury gains

SBI Q1 net rises to ₹19,160 crore aided by treasury gains; net interest margins may improve by March 2026 even as NII and CASA ratio face near-term pressure

RBI keeps repo rate steady, AU Small Finance Bank big upgrade, LIC eyes general insurance & more

The Reserve Bank of India’s rate-setting committee unanimously decided to keep the key repo rate steady at 5.5%. The central bank also maintained a neutral policy stance.

SBI Q1 FY26 results: Profit up 10% at ₹21,626 crore, NII remains flat

The bank's asset quality improved, with net non-performing assets (NPAs) declining to ₹19,908.42 crore in Q1 FY26, down 7.6 per cent Y-o-Y from ₹21,554.69 crore in Q1 FY25

Q1 results today: SBI, Tata Motors, Grasim, Siemens, 239 others on Aug 8

Q1 FY26 company results, August 8: Ceigall India, Akums Drugs, Cholamandalam Financial Holdings, and Lemon Tree Hotels will also release their April-June quarter earnings reports today

SBI to hire 5,583 Junior Associates for FY26 to enhance customer experience

State Bank of India on Wednesday said it will begin hiring of Junior Associates (Customer Service & Support) for 5,583 vacant positions across the country. The online registration window for applications will be open from August 6-26, 2025, SBI said in a statement. This fresh recruitment for FY26 comes on the back of the bank's hiring of 505 Probationary Officers and 13,455 Junior Associates in previous months with SBI aiming to further deepen and enhance its process and service delivery across the country, it said. As part of this nationwide hiring effort, opportunities will be available across SBI's vast network of branches and offices, offering the aspirants a chance to begin their career with a dynamic and growth-driven institution. Commenting on the recruitment drive, SBI Chairman CS Setty said onboarding the new talent pool is central to the bank's aim of strengthening its human resource capabilities by implementing structured skill development programmes aligned with ...