Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from State Bank of India

Mcap of four of top-10 most valued firms jumps Rs 1.43 lakh cr; State Bank biggest winner

In a notable surge, four leading Indian corporations experienced an impressive rise in market valuations, totaling Rs 1.43 lakh crore. The State Bank of India led the charge, boosting its valuation by Rs 63,922 crore. Other notable gainers included Reliance Industries, TCS, and Larsen & Toubro, while LIC, Bajaj Finance,…

The Economic Times

SBI missed digital payments bus, now playing catch-up with YONO Pay: Chairman CS Setty

State Bank of India chairman admits missing digital payments bus, while YONO app attempts to catch up. Banks and fintech firms argue UPI merchant payments may soon incur charges. UPI processes billions of transactions monthly, with rising infrastructure and cybersecurity costs. SBI reported a 13.73% rise in consolidated net profit…

The Economic Times

SBI Chairman Setty rules out asset quality stress in Q1, says seasonality distorts sequential NPAs

State Bank of India reported a strong first quarter with net profit rising over ten percent. Gross advances surpassed fifty lakh crore rupees, marking significant growth for the bank. Asset quality indicators showed marked improvement year-on-year, with GNPA declining. The bank maintained its full-year credit growth guidance at fourteen to…

The Economic Times

From analysis to the latest developments in health,
read the most diverse news in one place.

SBI sees broad-based credit growth, sticks to 14-15% FY27 loan growth guidance

State Bank of India expects credit growth to remain broad-based across segments. The bank retained its loan growth guidance at fourteen to fifteen percent. It also anticipates mobilising around ten billion dollars in foreign-currency deposits. Net interest margin guidance remains at three percent for the financial year. Asset quality is…

The Economic Times

SBI Q1 Results: Standalone profit rises 10% YoY to Rs 21,121 crore, beats estimates

State Bank of India reported a ten percent year-on-year net profit growth. Its net interest income also saw a fifteen percent rise during the quarter. Total business crossed one hundred ten trillion rupees, with deposits exceeding sixty trillion. Advances grew nineteen percent year-on-year, driven by broad-based loan segment expansion. Margin…

The Economic Times

SBI Q1 results preview: Will India's largest public bank report a decline in profit?

In the upcoming June quarter, State Bank of India's profits are projected to dip, influenced by margin constraints and a slowdown in income growth. Analysts foresee a decrease in net interest margins despite vigorous loan activity. With deposit growth expected to trail behind credit expansion, this could prevent any recovery…

The Economic Times

SBI unpaid dividends: How to check unclaimed dividends with bank or IEPF

Investors can check for unclaimed State Bank of India dividends on the bank's website. Dividends unclaimed for seven years are transferred to the Investor Education and Protection Fund. Shareholders can submit claims to Kfin Technologies Limited or SBI Investor Services. Checking unclaimed dividends requires specific details like folio number or…

The Economic Times

Read news from The Economist, FT, and more,
with one subscription

FCNR (B) FD interest rates up to 6.50%: SBI, HDFC Bank, PNB and others- which bank offers highest rate?

For non-resident Indians, foreign currency non-resident bank fixed deposits remain a favored investment choice. With an uptick in interest rates for tenures ranging from three to five years, Punjab National Bank currently leads with an attractive 6.50% rate on select five-year deposits. Meanwhile, HDFC Bank and ICICI Bank also showcase…

The Economic Times

Indian banks' new hunt for diaspora dollars pumps up loans markets

Indian banks are raising significant dollar funds offshore to boost foreign currency deposits. Global banks are actively arranging these dollar bond and loan deals for Indian lenders. This fundraising effort aims to attract capital from non-resident Indians worldwide. The Reserve Bank of India's measures are fueling this increased demand for…

The Economic Times

SBI, HSBC and ICICI lead India's overseas deposit drive, data shows

HSBC, SBI and ICICI Bank emerged as the top beneficiaries of the RBI’s dollar deposit scheme for NRIs, raising $6.14 billion, $4.12 billion and $3.7 billion, respectively. Launched to support the rupee and boost foreign currency inflows, the scheme helped banks attract $36.7 billion. FCNR(B) deposits surged to $60.55 billion…

The Economic Times

Mcap of nine of top-10 most valued firms jumps Rs 2.51 lakh cr; Bajaj Finance biggest winner

In a surprising turn of events, nine out of the top ten firms reported a significant boost in market valuation. Leading the charge was Bajaj Finance, which added an impressive Rs 80,000 crore to its overall worth. Following closely were Bharti Airtel and TCS, both witnessing notable rises in their…

The Economic Times

Q1 earnings this week: SBI, Trent, Nykaa among 573 companies set to announce June quarter results

This week, 573 companies will announce their June quarter results, featuring prominent firms. Bharti Airtel and Nykaa are among those reporting earnings on Tuesday. Trent and Hero MotoCorp will release their quarterly figures on Thursday. State Bank of India and Titan Company are scheduled for Friday announcements. The earnings cycle…

The Economic Times

State Bank of India's perpetual bond demand seen spurring more issuances, bankers say

State Bank of India's recent success in selling perpetual bonds is setting a positive precedent for other banks. With several lenders preparing for perpetual bond call options this fiscal year, they may be encouraged to initiate fresh debt offerings. This trend underlines banks' focus on bolstering capital buffers to foster…

The Economic Times

SBI raises Rs 4,691 crore via Tier 1 bonds at 7.75% coupon

State Bank of India raised Rs 4,691 crore through Basel III-compliant Additional Tier 1 bonds at a 7.75% annual coupon. The issue received bids exceeding twice the base size, reflecting strong demand from institutional investors across multiple domestic financial segments.

The Economic Times

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

HDFC Bank, Axis Bank collect highest penalties from customers for non-maintenance of minimum average balance; Bank of Baroda tops public sector bank list

HDFC Bank, Axis Bank, and Bank of Baroda collected the most penalties for low balances. Public sector banks collected these charges from FY 2021-22 to FY 2025-26. Private sector banks collected penalties from FY 2022-23 to FY 2025-26. Most public sector banks have now withdrawn these charges for savings accounts.…

The Economic Times

Mcap of nine of top-10 most valued firms erodes by Rs 2.74 lakh cr; HDFC Bank takes biggest hit

Last week was tough for the Indian equity markets, with nine out of ten leading companies witnessing a decline in market value. HDFC Bank took the hardest blow, suffering a staggering loss exceeding one lakh crore rupees. Reliance Industries also saw a significant decrease in market capitalization. In contrast, Hindustan…

The Economic Times

SBI recruits 1,930 Circle Based Officers to strengthen banking operations

State Bank of India has recruited 1,930 Circle Based Officers nationwide. These new officers will strengthen customer service and banking operations across all branches. They will support customer engagement and deliver personalised banking services to over 53 crore customers. The bank continues to invest in talent development for an agile…

The Economic Times

Highest 5-year senior citizen FD interest rates: Public vs private sector banks- which offers highest maturity

Highest FD rates: Senior citizens can secure higher returns on fixed deposits with select banks. Bandhan Bank, IndusInd Bank, and YES Bank offer 7.75% on three-year FDs. DCB Bank leads with an 8.00% interest rate for five-year fixed deposits. Public sector banks like Bank of India provide 7.45% on three-year…

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

ICICI Bank prices $1 billion debt in largest dollar issue by Indian private lender

ICICI Bank successfully issued a five-year dollar bond worth $1 billion, achieving a notably tighter spread. This offering stands as the largest for an Indian bank in almost fourteen years. With a coupon set at 100 basis points above U.S. Treasuries, it surpassed initial expectations. The offering utilized the central…

The Economic Times

SBI PO Admit Card 2026 out at ibpsreg.ibps.in: Check how to download, direct link, exam day guidelines and more

The State Bank of India released the SBI PO Prelims Admit Card 2026 on July 22. This admit card is essential for candidates appearing in the preliminary examination. The exam is scheduled to take place on August 1 and 2, 2026. Nearly 12.14 lakh candidates registered for these 1,500 Probationary…

The Economic Times

$17.4 billion flows into FCNR(B) deposits: Which bank offers the best 3-year FCNR(B) FD rate—SBI, PNB, HDFC Bank, ICICI Bank or Canara Bank?

Foreign currency deposits have seen significant inflows after a new RBI scheme. Canara Bank offers the highest 3-year FCNR(B) USD fixed deposit rate. HDFC Bank, Axis Bank, and ICICI Bank offer a 6% interest rate. These deposits are available in various foreign currencies and offer tax exemptions.

The Economic Times

NRO FD interest rates: Earn up to 6.75%—SBI, HDFC Bank, PNB, ICICI Bank or Axis Bank, which offers the best rate for NRIs?

Non-Resident Indians can park their Indian income in NRO fixed deposits. These deposits offer attractive interest rates, with some banks providing up to 6.75 percent. Banks like Bank of Baroda offer the highest rates on specific tenures. Investors should consider tax implications and Double Taxation Avoidance Agreements. Understanding these factors…

The Economic Times

SBI Funds Management shares list at 7% premium over IPO price on NSE

SBI Funds Management shares debuted on D-Street Tuesday, listing at a premium. The IPO saw robust investor response, subscribed over forty-one times overall. Institutional investors drove demand, with QIB portion subscribed impressively. The company is India's largest AMC by Quarterly Average Assets Under Management. Financials show consistent revenue and profit…

The Economic Times

SBI Funds Management IPO listing tomorrow: GMP signals 18% listing gain

SBI Funds Management is set to debut on the NSE and BSE on July 21, with the grey market indicating an around 18% listing premium over the IPO price. The Rs 9,813-crore IPO attracted strong investor interest, with the issue being subscribed 41.66 times during the July 14–16 bidding period.

The Economic Times

M-cap of five of top 10 most valued firms jumps Rs 1.54 lakh cr; TCS biggest winner

Last week marked a significant uplift in the market valuation of five of the top 10 firms, appreciating by Rs 1.54 lakh crore. Tata Consultancy Services claimed the spotlight, boosting its valuation by Rs 72,072.3 crore. ICICI Bank and Reliance Industries also experienced notable increases. However, the tide turned for…

1 2 3 4 5

Organisations

the Reserve Bank of India

From analysis to the latest developments in health,
read the most diverse news in one place.

Topics

Read news from The Economist, FT, and more,
with one subscription

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.