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
SBI share price: The asset quality of India's largest state-run lender remains robust, marked by an improvement in its gross slippage ratio in FY25—a feat achieved by only a handful of banks, CLSA said.
Motilal Oswal said that several PSU sectors have posted a very sharp turnaround in profit and creating unexpected shareholder value.
The state-run lender's QIP likely to be rolled out in August or September
With the revision, for fixed deposits, SBI's interest rate on 1-2 year term deposits will be lower by 25 basis points to 6.50 per cent, and deposits having two years to less than 3 years maturity will attract 6.45 percent as against 6.70 percent.
SBI's proposal for a fund raise comes at a time other private sector lenders, including Axis Bank and IDFC First Bank, have sought to raise capital.
State Bank of India, which holds a 23.97 percent stake, and Sumitomo Mitsui Banking Corporation have reinitiated talks for a stake sale in Yes Bank