SBI share price: SBI shares were trading at around Rs 843 apiece, extending gains for the third consecutive session.
The bank’s valuation remains the main attraction
State Bank of India is expected to report subdued earnings for the June quarter, with both profit and net interest income likely to see marginal year-on-year growth. Analysts see pressure on margins due to higher cost of funds and recent rate transmission, though loan growth and asset quality may offer some cushion.
Financial Services department has authorised a stake sale in Life Insurance Corporation (LIC) through OFS, the senior government source informed.
The lender said its agricultural lending exceeded Rs 3.5 lakh crore in FY25 -- the highest in the country -- supporting farm infrastructure, agri-enterprises, Farmer Producer Organisations, and cooperatives to enable sustainable rural development.
SBI, India's largest lender, is planning to raise funds through the issuance of Basel III-compliant tier-II bonds with a 10-year or 15-year maturity in July or August, news agency Reuters has reported citing sources.
Jefferies projects a credit growth of 12 percent and deposit growth of 10 percent for SBI, supported by adequate liquidity buffers
The Nifty PSU Bank index it the top sectoral gainer, dodging an overall muted market sentiment to extend gains for a second consecutive session, outperforming the broader Nifty Bank index.
Banking shares rallied in-line with the sentiment in the broader market, after latest inflation data raised optimism for potential RBI rate cuts, and easing US-China trade tensions offered respite from global recession fears.
Among top losers of the index are AU Small Finance Bank, which fell 1.44% while Kotak Mahindra Bank fell 1%.
The Japanese financial conglomerate had begun talks to buy some stake in the company back in 2024, Moneycontrol had earlier reported. It is now back in fray to acquire controlling stake in the bank.
Bank Nifty slipped over 600 points to move below 55,000 mark during intraday trade.
Out of 18,000 new hirings, around 13,500 to 14,000 will be clerical recruitment, 3,000 will be probationary officers and local-based officers.
Profit growth aided by healthy loan growth, controlled operating expenses, and contained credit cost even as margin contracted
SBI board will also declare the March quarter results on May 3.
Banks to remain shut in many states on April 18 on account of Good Friday.
SBI is reintroducing its 444-day long special deposit plan 'Amrit Vrishti' but with lower interest rates
The volatility seen around bank stocks also comes amid anticipation of a rate cut by RBI’s MPC, which is set to announce its decision on April 9.
ICICI Bank and HDFC Bank shares are down 3% each, contributing the most to the decline on Nifty Bank index.
CS Setty is confident of SBI maintaining a 14–16% loan growth in FY26, though he expects the banking system as a whole to see some slowdown
The bank will be celebrating its centenary year of existence then, he said.
The irony is that SBI’s stock is languishing despite strong returns ratios aided by superior asset quality
SBI Q3 results: The bank's net interest income rises 4% to Rs 41,446 crore; asset quality improves
The bank garnered Rs 5,000 crore AT1 Bonds, Rs 15,000 crore Tier 2 Bonds and Rs 30,000 crore Long Term Bonds till date during FY25
April-June saw India's real GDP expanding by 6.7 percent, the lowest in 15 quarters, which led some analysts revising their expectations on growth to below 7 percent for the fiscal