Page 2 - State Bank Of India Yono

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

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

27 issuers and one mega deal: 2025 QIP issuances tell a split story

SBI's ₹25K crore fundraise hides a stark contrast - most companies trail last year's pace

It's time to get started, put money in deals: M&A financing opens up

Bank financing of M&As will be like any other business and only needs guardrails

SBI sets Sep 5 as record date to exercise call option on Tier-II bonds

The bank has approval from the board of directors to raise up to Rs.20,000 crore through debt capital in 2025-2026 (FY26)

SBI to raise up to $1 bn via 5-yr dollar bonds after India's rating upgrade

MUMBAI (Reuters) -State Bank of India plans to raise funds through the issuance of dollar-denominated bonds with a maturity of five years, three merchant bankers said on Tuesday, days after S&P Global Ratings upgraded India's sovereign credit rating for the first time in 18 years in August.

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 Q1 results date, time, analysts expectations: All you need to know

SBI could report a largely flattish net profit growth in Q1FY26, where slippages could rise for the agri-sector but loan book may improve, or even outpace, industry growth.

Focus GenNext: State Bank of India looks to reboot its HR strategy

SBI plans to engage a management consultant to develop a long-term HR strategy focusing on employee engagement, talent acquisition, and digital transformation

Post QIP, SBI's CET1 capital rises to 11.5%; LIC invests ₹5,000 crore

SBI's recent QIP was oversubscribed 4.5 times, raising Rs 25,000 crore and boosting CET1 capital to 11.5%. LIC invested Rs 5,000 crore, increasing its stake in SBI to 9.49%

SBI cuts short-term retail deposit rates by 15 bps, effective July 15

SBI has reduced interest rates on short-term deposits under ₹3 crore by 15 basis points across tenors, with total cuts in FY26 so far adding up to 60 basis points

Three nationalisations: Lessons from govt's approach to SBI, LIC, Air India

A common factor uniting the three entities is that they all belonged to the services sector

Govt banks step up efforts to bridge linguistic chasm with customers

State-owned banks are prioritizing local language skills in their hiring to improve customer service and reduce language barriers, with Bank of Baroda and SBI leading the way

SBI at 70: A legacy institution that mirrors India's economic rise

Who says the elephant can't dance? The theme that runs through the bank's 70-year life is its willingness to change in sync with time

SBI likely to kick off debt fundraising by August via tier II bond issue

SBI has not tapped the bond market in the first half of 2025 and shelved a plan to issue infrastructure bonds in March due to elevated yields

SBI clerk mains results 2025 out on sbi.co.in; here's how to check

SBI clerk mains results 2025 are out at sbi.co.in. The recruitment drive aims to fill a total of 13,735 Junior Associate vacancies in the State Bank of India

SBI to shed ₹1.5K cr exposure to power equipment maker Regen Power

SBI to offload ₹1,550-crore stressed loan exposure in Regen Power to clean up its books; auction reserve price set at ₹240 crore

SMBC to have two nominees on Yes Bank board: MD & CEO Prashant Kumar

Prashant Kumar tells why SMBC has become a strategic investor and the advantages arising from this for Yes Bank

State Bank of India, Kotak Mahindra Bank shares fall on soft earnings

Shares of SBI closed at Rs 790 on the BSE while Kotak Mahindra Bank's shares closed at Rs 2,085.05

SBI cuts lending rates by 25 bps after RBI's move; loans to get cheaper

The country's largest lender State Bank of India (SBI) has reduced its lending rate by 25 basis points following the Reserve Bank's policy rate cut, making loans cheaper for both existing and new borrowers.. With the latest round of reduction, the Repo Linked Lending Rate (RLLR) of SBI would come down by 25 basis points to 8.25 per cent. It has also reduced the External Benchmark Based Lending Rate (EBLR) by similar basis points to 8.65 per cent. The revised rates come into effect from April 15, 2025, according to updated rate information on SBI's website. The rate reduction is in response to last week's RBI slashing key interest rate by 25 basis points for the second time in a row to support growth facing the threat of reciprocal tariffs by the US. Besides, the bank also cut deposit rates by 10-25 basis points, which will again be effective from April 15. With the revision, for fixed deposits up to Rs 3 crore, the interest rate on 1-2 year term deposits will be lower by 10 basis