The reduction follows the recent 25 bps repo rate cut by the RBI’s Monetary Policy Committee (MPC).
In an exclusive interview to Moneycontrol, Setty says public sector banks continue to invest in their employees which is lacking in most private banks
SBI latest news: The bank has also announced a sharper cut in its External Benchmark Linked Rate (EBLR), which applies to most floating-rate retail loans such as home loans.
Scale brings the ability to absorb losses, to make losses look insignificant, and thereby give the impetus to grow without having to fear about how the profit and loss statement will look. If the economy must fast forward growth in the next ten years, that’s the need of the hour for Indian banking system
Temasek, an early backer of Eternal (formerly Zomato), is now looking to bet on Swiggy, sources told Moneycontrol.
With policy catalysts off the table for now, analysts say PSU banks may see a more earnings-driven re-rating ahead
Other mid-sized banks – including Indian Overseas Bank (IOB), Central Bank of India (CBI), Bank of India (BOI) and Bank of Maharashtra (BoM) – are expected to be absorbed by SBI, PNB or BoB.
High-end vehicles including BMW, Volvo, Mercedes and Land Rover models were seized from multiple premises.
IIFL Capital expects banks to shake off a muted FY26 and deliver a strong rebound over FY27-28, driven by a modest loan growth recovery, improving NIMs, and falling stress in the unsecured retail lending segment.
The Bengaluru-based firm is being valued at around Rs 2,000-2,200 crore during the ongoing negotiations, sources told Moneycontrol
He added that Unified Lending Interface (ULI) itself can transform the national financial grid.
According to Setty, SBI’s primary intent in participating in the reconstruction plan was not profit-making but supporting financial stability at a crucial time.
SBI expects only a limited hit from the proposed ECL provisioning norms, with its chairman saying stronger collections and existing buffers will help cushion the transition.
If India raises the foreign investment limit in PSU banks to 49 percent, the move could attract about $4 billion in MSCI-linked inflows and trigger sharp gains in the sector.
When India was busy bursting crackers during Diwali festivities, an explosive LinkedIn post by RBI's Sarthak Gulati detailed how the SBI team had copied all the key data-complete with graphs and charts.
Record of discussion on merger proposal to be examined by Cabinet and PMO
The Magnum Hybrid Long-Short Fund allows daily subscriptions, while redemptions are available twice a week (Mondays and Thursdays). The minimum application amount is ₹10 lakh, with a minimum additional purchase amount of ₹10,000.
SBI share price: Most brokerages retained a positive view on the stock, citing stable asset quality and margin guidance as key strengths
Responding to questions about the initial public offering (IPO) plans for SBI General Insurance, Setty said no fixed schedule has been set.
In June quarter, corporate loans grew 5.7 percent on-year to Rs 12.03 lakh crore
SBI’s home loan portfolio for Q1 FY26 stood at Rs 8.51 lakh crore as of June 30, 2025, marking a robust 15.05 percent year-on-year growth
SBI had last raised Rs 15,000 crore in 2017-18 through the QIP route
The QIP has received bids for Rs 75,000 crore worth of shares, as against its offer size of Rs 25,000 crore.
The Nifty PSU Bank index surged over 1.5 percent in trade on July 16, Punjab & Sind Bank, State Bank of India, and Punjab National Bank lead the gains.
The lender, the country's largest, has written to the National Highway Authority of India seeking this status on its investments in National Highways Infra Trust