Search result for 'state bank of india (sbi)'

JSW Cement Files IPO Papers to Raise Rs 4,000 cr - Sebi

August 16, 2024 21:27

JSW Cement has filed draft papers with Sebi for an IPO to raise Rs 4,000 crore. The IPO includes a fresh issue of shares and an offer for sale by investors. The proceeds will be used to finance a...

SBI Appoints C S Setty as Chairman

August 6, 2024 22:43

The Indian government has appointed C S Setty as the Chairman of State Bank of India (SBI), replacing Dinesh Kumar Khara. Setty, currently the senior most MD of the bank, will take over on August 28.

Reliance Climbs on Fortune Global 500: Jumps to No. 86

August 5, 2024 19:48

Reliance Industries Ltd, India's highest-ranked company on the Fortune Global 500 list, jumped two places to No. 86. Read about other Indian firms on the list.

SBI Net Profit Flat at Rs 17,035 Crore in Q1 FY25

August 3, 2024 14:07

SBI reported a near-flat standalone net profit of Rs 17,035 crore for Q1 FY25, while total income increased to Rs 1,22,688 crore. Gross NPAs declined to 2.21% from 2.76% a year ago.

Software Glitch Halts Cooperative Bank Transactions

July 31, 2024 20:28

A software issue has disrupted online transactions for nearly 300 banks in India, primarily cooperative banks, for three days. The National Payments Corporation of India (NPCI) suspects a...

Microsoft Global Outage: Windows Devices Affected - Latest Updates

July 19, 2024 15:14

Microsoft acknowledges a global outage affecting Windows devices due to a third-party update. Learn about the impact on airlines, banks, and businesses, and the latest updates.

SBI Systems Unaffected by Microsoft Outage - Latest News

July 19, 2024 14:43

State Bank of India (SBI) says its systems are unaffected by the global Microsoft outage, which has disrupted services worldwide.

SBI Report: Time to Divest State-Owned Banks

July 8, 2024 16:07

SBI recommends disinvestment of public sector banks and consolidation of existing banks in its report. The report also calls for changes to the tax on deposit interest and improvements to the...

CBI Issues Warrant for Mallya in Rs 180 Crore IOB Loan Case

July 1, 2024 21:57

A Mumbai court has issued a non-bailable warrant against Vijay Mallya for defaulting on a Rs 180 crore loan from Indian Overseas Bank. The CBI alleges Mallya wilfully defaulted on payments, causing...

Global Compact on AI: India to Leverage AI for Citizen Services

June 30, 2024 14:32

Arundhati Bhattacharya, Salesforce India CEO, emphasizes the need for a Global Compact on AI to prevent misuse while highlighting its potential to revolutionize Indian public services.

SBI Raises Rs 10,000 Crore for Infrastructure

June 26, 2024 13:59

State Bank of India (SBI) raises Rs 10,000 crore through infrastructure bonds, oversubscribed by four times, to fund infrastructure and affordable housing projects.

SBI Chairman Interview: FSIB to Select New Head on June 29

June 24, 2024 20:40

FSIB will hold interviews on June 29 to select the next SBI chairman, replacing Dinesh Kumar Khara. Three out of four SBI managing directors are eligible to apply.

SBI to Open 400 Branches in FY25: Chairman Khara

June 23, 2024 11:39

State Bank of India (SBI) plans to open 400 branches across India in FY25, driven by the need for physical presence despite digital growth. The bank aims to expand its network in emerging areas,...

SBI Pays Rs 6,959 Crore Dividend to Government - Latest News

June 21, 2024 21:39

State Bank of India (SBI) has paid a dividend of Rs 6,959 crore for the financial year 2023-24 to the government. The dividend cheque was presented to Finance Minister Nirmala Sitharaman by SBI...

SBI to Monetize Subsidiaries After Scaling Up: Chairman Khara

June 16, 2024 13:55

SBI Chairman Dinesh Kumar Khara says the lender will wait for subsidiaries like SBI General Insurance and SBI Payment to scale up before monetizing them. The move aims to increase valuations and...

CBI Raids in Rs 5717 Crore SKS Power Fraud

June 14, 2024 19:07

CBI conducts searches at 14 locations in connection with a Rs 5717 crore bank fraud by SKS Power Generation Ltd. The FIR alleges a criminal conspiracy involving bogus share transactions and money...

SBI Sanctions 20,000 Digital Small Biz Loans: Up to Rs 50 Lakh

June 14, 2024 17:50

SBI has sanctioned 20,000 digital loans for small businesses up to Rs 50 lakh since December. The bank is now expanding the loan amount to Rs 5 crore.

SBI Raises USD 100 Million from Bonds for Business Growth

June 14, 2024 15:33

State Bank of India (SBI) has raised USD 100 million through bond issuance to fund business growth. The bonds, with a maturity of three years, will be issued through SBI's London branch.

Top 10 Firms Lose Rs 2.08 Lakh Cr: Reliance, TCS Lead Losses

June 2, 2024 13:51

Eight of India's top 10 companies saw their market capitalisation decline by Rs 2.08 lakh crore last week, with Reliance Industries and TCS leading the losses. HDFC Bank and SBI were the only gainers.

Top 10 Indian Companies Gain ₹1.85 Lakh Cr in Market Cap

May 26, 2024 09:45

Reliance Industries and HDFC Bank led the gains, with their market valuations rising significantly last week, as Indian equities rallied. Read more about the top 10 most valued firms.

SBI Life Insurance Deputy CEO Resigns: Veeraraghavan Srinivasan to Join SBI DFHI

May 22, 2024 20:00

SBI Life Insurance's Deputy CEO, Veeraraghavan Srinivasan, will step down on May 24 to take on the role of Managing Director & CEO at SBI DFHI, Mumbai.

Bank of Maharashtra Tops PSU Banks in FY24 Growth

May 19, 2024 12:45

Bank of Maharashtra recorded the highest growth in total business and deposits among PSBs in FY24, outperforming even SBI. BoM also leads in CASA growth and asset quality.

DGFT Study: Best Global Practices in Trade Finance

May 17, 2024 15:39

DGFT is conducting a study to identify best global practices in trade finance and propose reforms to align India's future needs. The study aims to enhance the ease of doing business and promote...

SBI Hikes FD Rates: Up to 75 bps on Short-Term Maturity

May 16, 2024 10:18

State Bank of India (SBI) has increased fixed deposit rates for select short-term maturities up to 75 basis points. The move is likely to be followed by other lenders.

Public Sector Banks Profit Surges to Rs 1.4 Lakh Crore in FY24

May 14, 2024 12:56

Public sector banks in India recorded a massive 35% increase in profit in FY24, reaching Rs 1.4 lakh crore. This growth is attributed to government reforms and recapitalization efforts.

ITPCL Debt Restructuring: NCLAT Rejects SBI Objection

April 28, 2024 16:06

NCLAT rejects SBI's objection to the liquidation value of ITPCL, upholding the debt restructuring plan approved by majority lenders. Read more.

Kotak Bank Promoter Donated Rs 60 cr to BJP via Electoral Bonds

April 24, 2024 20:07

Infina Finance, a Kotak Mahindra Bank promoter group entity, donated Rs 60 crore to the BJP via electoral bonds. The donation was made through purchases of Rs 1 crore bonds in 2019, 2020, and 2021.

FSIB Recommends Rana Ashutosh Kumar Singh for SBI MD

April 24, 2024 16:47

FSIB has recommended Rana Ashutosh Kumar Singh for the position of Managing Director of State Bank of India (SBI). The final decision will be taken by the Appointments Committee of the Cabinet.

NCLT Disposes Mumbai Metro One Bankruptcy Case

April 15, 2024 17:07

The NCLT has disposed of a bankruptcy case filed by SBI and IDBI Bank against Mumbai Metro One Pvt Ltd, following a one-time debt settlement agreement.

NCLAT Blocks NHAI from Terminating IL&FS Concession

April 4, 2024 16:43

NCLAT has ordered NHAI not to terminate the concession agreement of an IL&FS entity, Baleshwar Kharagpur Expressway Ltd, as its insolvency resolution is nearing completion.

RBI Monetary Policy: Interest Rates Expected to Remain Unchanged

April 3, 2024 16:18

The Reserve Bank of India's Monetary Policy Committee will meet to discuss interest rates, with expectations for a status quo on the key rate, focusing on inflation control.

India's GDP Growth to Reach 8% in FY24: SBI Report

March 1, 2024 16:30

SBI predicts India's GDP growth to reach 8% in FY24, citing strong performance in Q3 and revised estimates for previous quarters. The report also highlights the buoyancy in indirect tax collection...

RBI Fines SBI, Canara Bank, City Union Bank Rs 3 Crore - PTI

February 26, 2024 19:07

The Reserve Bank of India (RBI) has imposed penalties totalling almost Rs 3 crore on State Bank of India, Canara Bank, and City Union Bank for violating regulatory norms.

AMSL Secures Rs 110 Crore Loan from SBI for Telangana Project

February 22, 2024 13:54

AMSL, an infrastructure solutions provider, has received a Rs 110 crore loan from SBI for its new defence product manufacturing facility in Hyderabad, Telangana.

SBI Surpasses Infosys, Becomes 5th Most Valuable Firm in India

February 21, 2024 22:30

State Bank of India (SBI) has overtaken Infosys to become the fifth most valuable company in India, with a market capitalization of Rs 6,88,578.43 crore.

SBI Seeks Lower CRR for Green Deposits | RBI Talks

February 16, 2024 12:12

State Bank of India (SBI) is in talks with the Reserve Bank of India (RBI) to reduce the cash reserve ratio (CRR) requirement on green deposits, a new scheme launched by the bank to attract...

HDFC Bank Closes Home Loan Gap with SBI: Rs 6.84 Lakh Crore Book

February 15, 2024 19:40

HDFC Bank's home loan book reaches Rs 6.84 lakh crore, closing the gap with SBI. The bank added over 20% of incremental home loan sales in the December quarter.

Electoral Bonds: Arun Jaitley's Defense of Anonymity

February 15, 2024 19:09

Explore the journey of electoral bonds, a political funding tool that allowed anonymous donations. Learn how Arun Jaitley defended its legitimacy and transparency.

Govt Blocks 1.4 Lakh Mobile Numbers for Financial Frauds

February 9, 2024 22:09

The Indian government has blocked 1.4 lakh mobile numbers linked to financial frauds, as part of efforts to curb cybercrime in the financial sector. The move follows a meeting with stakeholders to...

LIC Stock Soars, Becomes 5th Most Valuable Firm in India

February 8, 2024 18:28

Shares of Life Insurance Corporation of India (LIC) surged over 6% on Thursday, boosting its market valuation to Rs 6.99 lakh crore, making it the fifth most valued company in India.

Red Sea Crisis: Finmin Asks Banks to Aid Exporters

February 8, 2024 15:20

India's finance ministry urges banks to show sensitivity to exporters facing trade finance and insurance issues due to the Red Sea crisis.

Red Sea Crisis: Finmin Urges Banks to Help Exporters

February 8, 2024 15:08

India's finance ministry has asked banks and insurance companies to support exporters facing challenges due to the Red Sea crisis, which has disrupted shipping routes and increased costs.

SBI Acquires SBI CAPS Subsidiary for Rs 708 cr

February 6, 2024 21:16

State Bank of India (SBI) will acquire SBI CAPS subsidiary for Rs 708.07 crore, acquiring 100% of SBICAPS Venture Ltd (SVL) with assets under management of Rs 33,055 crore.

RBI Rate Decision: Status Quo Expected on Feb 8

February 6, 2024 15:51

RBI's rate-setting panel begins deliberations with expectations of a pause on repo rate, as inflation remains near the higher end of the comfort zone. The decision will be announced on February 8.

Finance Ministry Urges Banks to Aid Exporters

February 5, 2024 23:51

India's finance ministry has called on banks and insurance companies to expedite the resolution of issues faced by exporters, aiming to facilitate overseas trade. The meeting, chaired by Financial...

SBI Issues Rs 16,518 Crore Electoral Bonds

February 5, 2024 20:22

SBI has issued Electoral Bonds worth Rs 16,518 crore in 30 tranches since 2018. The scheme aims to ensure clean tax-paid money in political funding.

LIC Shares Surge 6%, Crosses ₹1,000 Mark

February 5, 2024 18:11

LIC share price surged nearly 6% on Monday, hitting ₹1,000 for the first time. This takes its market valuation above ₹6 lakh crore, making it the country's most valued PSU firm.

BoM Tops PSU Banks in Deposit Growth Q3 2023

February 4, 2024 14:57

Bank of Maharashtra (BoM) recorded the highest deposit growth among PSU banks in Q3 2023, exceeding even SBI. BoM also boasts strong CASA ratio and low NPAs.

SBI Net Profit Down 35% to Rs 9,164 Crore in Q3

February 3, 2024 14:19

State Bank of India (SBI) reported a 35% decline in standalone net profit to Rs 9,164 crore for the December quarter. Total income rose to Rs 1,18,193 crore, while NPAs eased.

Tata Power Facilitates Rs 3,500 cr Solar Financing

February 2, 2024 17:20

Tata Power Solar Systems has facilitated over Rs 3,500 crore of customer financing for solar projects in the past 4.5 years. The company has partnered with over 20 financing institutions.

Top 10 Indian Firms: Mcap Erases Rs 1.67 Lakh Crore

January 21, 2024 10:14

Five of India's top 10 firms lost Rs 1.67 lakh crore in market value last week, with HDFC Bank bearing the brunt. Read about the gainers and laggards.

LIC Surpasses SBI as India's Most Valuable PSU

January 17, 2024 19:36

LIC's market valuation has surpassed SBI, making it the most valuable PSU firm in India. LIC's share price climbed to a 52-week high, while SBI's stock fell.

SBI Green Rupee Term Deposit for Climate Projects

January 12, 2024 14:43

SBI launches a green rupee term deposit scheme to fund climate-friendly projects, offering flexible tenors for individuals and NRI investors.

SBI Dollar-Denominated Bonds Get BBB- Rating - S&P, Fitch

January 10, 2024 14:59

S&P and Fitch have assigned an investment grade rating of 'BBB-' to the proposed dollar-denominated bonds to be issued by SBI's London branch. The issuance is part of SBI's USD 10 billion...

IIFCL to Issue Rs 2,000 Crore Green Bonds in 6 Months

January 7, 2024 14:22

India Infrastructure Finance Company Ltd (IIFCL) plans to raise Rs 2,000 crore through green bonds in the next six months to fund sustainable infrastructure projects. The company is exploring both...

SBI Raises USD 250 Million via Green Bonds for Sustainable Projects

January 4, 2024 22:02

State Bank of India (SBI) has raised USD 250 million through issuance of Green Notes to fund sustainable projects. The issuance, maturing in 2028, is part of SBI's USD 10 billion medium-term note...

SBI Raises USD 1 Billion for ESG Financing - Business News

January 3, 2024 14:53

State Bank of India (SBI) secured USD 1 billion to support the domestic ESG financing market. The loan was raised through a Syndicated Social Loan and will be used to fund environmentally and...

Electoral Bonds Sale Begins Tuesday: 30th Tranche Issued

January 1, 2024 18:31

The 30th tranche of electoral bonds will be available for purchase from Tuesday, January 2nd to January 11th, 2024, aimed at bringing transparency to political funding.

BoB Hikes Fixed Deposit Rates Up to 125 bps

December 29, 2023 17:35

Bank of Baroda (BoB) has increased fixed deposit (FD) interest rates for various maturities by up to 125 basis points, following a similar move by SBI. The highest increase is for 7-14 days...

SBI Signs USD 165 Million LoC for Rooftop Solar

December 22, 2023 17:46

SBI signs a USD 165 million line of credit with the World Bank to support rooftop solar projects in India. This is part of SBI's commitment to promoting renewable energy.

SBI Signs 200 Million Euro LoC with EIB for Climate Action

December 21, 2023 12:25

State Bank of India (SBI) signs a 200 million euro Line of Credit (LoC) with the European Investment Bank (EIB) to support climate action projects in India.

Reliance Tops India's Most Visible Companies in Media: Wizikey Report

December 20, 2023 17:36

Reliance Industries continues to dominate media visibility in India, according to the 2023 Wizikey News Source ranking, exceeding SBI, HDFC Bank, ICICI Bank and Bharti Airtel.

Indian Bankers Awarded Freedom of City of London

December 14, 2023 16:15

Eight senior Indian bankers based in London have been awarded the Freedom of the City of London, recognizing their contribution to UK-India financial ties.

SBI Signs 70 Million Euro LoC with KfW for Solar Projects

December 13, 2023 19:57

State Bank of India (SBI) will sign a 70 million euro LoC with KfW to promote solar projects in India. The agreement will be signed on December 14 in Ahmedabad.

Govt Disconnects 70 Lakh Mobile Numbers Involved in Financial Frauds

November 28, 2023 21:28

The Indian government has disconnected 70 lakh mobile numbers linked to financial fraud. The move aims to curb cybercrime and protect customers. Banks are also taking steps to strengthen their...

RBI Supersedes Abhyudaya Coop Bank Board: Poor Governance

November 24, 2023 21:40

The Reserve Bank of India has superseded the board of Abhyudaya Cooperative Bank for one year due to poor governance standards. An administrator has been appointed to manage the bank's affairs.

MFIs & Data Privacy: SBI MD Stresses Cyber Security

November 8, 2023 15:26

SBI MD Alok Kumar Choudhary emphasizes the importance of data privacy and cyber security for MFIs, urging them to focus on capacity building and adapting to evolving regulations.

Electoral Bond Sale Begins: 29th Tranche Issued

November 6, 2023 11:41

The 29th tranche of electoral bonds has begun sale, coinciding with assembly elections in five states. The Supreme Court is yet to rule on the scheme's validity.

Bank of Maharashtra Leads PSU Lenders in Q2 Growth

November 5, 2023 13:27

Bank of Maharashtra tops public sector lenders in loan and deposit growth for the second quarter, with over 20% rise. See how other PSBs performed.

SBI Q2 Net Profit Rises 9%, Wage Provisions Weigh

November 4, 2023 19:13

SBI reported a 9.13% rise in net profit for Q2, but wage provisions impacted growth. The bank also discussed its loan portfolio and future plans.

Electoral Bonds Sale: 29th Tranche Opens Nov 6

November 4, 2023 16:01

The Indian government has approved the issuance of the 29th tranche of electoral bonds, which will be available for purchase from November 6-20, 2023. The decision comes ahead of assembly elections...

SBI Launches Direct Lankan-Indian Rupee Trade: Finance Minister Praises Bank

November 3, 2023 21:18

India's Finance Minister Nirmala Sitharaman commends SBI for launching direct Lankan Rupee-Indian Rupee trade, supporting Sri Lanka's economy and reducing reliance on the US dollar.

SBI Raises Rs 10,000 Crore Through Bonds - Business News

November 1, 2023 18:45

State Bank of India (SBI) raised Rs 10,000 crore through Tier 2 Bonds with a 7.81% coupon rate for business growth. The issue was oversubscribed, reflecting investor confidence in the bank.

Company Name
Price
Volume

GTL Infrastructure
2.74 (+ 2.62)
84886833

Srestha Finvest
2.24 (+ 4.67)
34707853

Ola Electric Mobilit
132.76 (+ 19.99)
27685743

Suzlon Energy Ltd.
79.93 (+ 4.10)
27308498

IFL Enterprises
1.22 (+ 4.27)
24757806

Sebi Eases Compliance for Listed NCDs - New...

Sebi proposes amendments to simplify compliance requirements for entities with listed...

Chandrasekaran: Learn From Indian Wisdom &...

Tata Group Chairman N Chandrasekaran emphasizes the importance of learning from Indian...

Mphasis Appoints Aravind Viswanathan as CFO

Mphasis has appointed Aravind Viswanathan as its new Chief Financial Officer, replacing...

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