The bank has approval from the board of directors to raise up to Rs.20,000 crore through debt capital in 2025-2026 (FY26)
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 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 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.
SBI plans to engage a management consultant to develop a long-term HR strategy focusing on employee engagement, talent acquisition, and digital transformation
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 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
A common factor uniting the three entities is that they all belonged to the services sector
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
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 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 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 offload ₹1,550-crore stressed loan exposure in Regen Power to clean up its books; auction reserve price set at ₹240 crore
Prashant Kumar tells why SMBC has become a strategic investor and the advantages arising from this for Yes Bank
Shares of SBI closed at Rs 790 on the BSE while Kotak Mahindra Bank's shares closed at Rs 2,085.05
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
Other banks, including HDFC Bank and Yes Bank, have also trimmed interest rates on fixed deposits for select tenures
SBI Clerk Prelims Results 2025 will be released soon at sbi.co.in. Candidates can access the direct link to download SBI Clerk JA results, cutoff marks, and other details
The bank had planned to raise as much as Rs 15,000 crore (about $1.7 billion) through sale of bonds before the end of March, but will now tap the market in the next financial year
US President Donald Trump last week announced his plans to impose country-specific reciprocal tariffs to address "unfair and unbalanced" aspects of bilateral trade