state bank of india

Bank strike, elections to affect banking operations; only 3 working days this week

The move by the two employee unions is largely a protest against the recent mergers of 10 public sector banks (PSBs)and the dipping rates on deposits, they said a joint statement.

Indian Banks Association elects Rajnish Kumar as chairman

The body, which represents banks' interests with the government and regulators, said it has three top bankers from various lenders as its deputy chairmen.

Bank strike: Employees of two unions threaten stir on October 22

However, the country's largest lender, the State Bank of India (SBI) has said in a notice to the exchanges that the impact of the proposed strike on its operations is expected to be minimal.

Motilal Oswal expects this bank stock to return 32% despite uncertain macros

SBI's subsidiaries – SBI MF, SBI Life Insurance, SBI Cards and SBI Cap Securities -- have displayed robust performance in the last few years

SBI chief to ED/CBI: Keep off cos under IBC, go after promoters

Kumar said the agencies should follow this rule especially in case of companies which are undergoing bankruptcy process, as new suitors are 'not fools' to risk their money.

SBI re-enters top-10 most valued firms list; replaces Bajaj Finance

Shares of SBI closed flat at Rs 255.45, up 0.37 per cent, while those of Bajaj Finance fell 2.37 per cent to Rs 3,881.65.

CCI dismisses complaint against SBI

West Bengal-based Sainath Autolinks Pvt Ltd who is a dealer of Maruti Suzuki had filed the complaint against SBI.

SBI loses spot in top-10 most valued cos list; Bajaj Finance enters elite club

Following the slump in its share price, the company's market valuation declined to Rs 2,28,470.06 crore at close of trade on the BSE. With this, the company moved out from the top-10 most valued domestic companies list.

SBI tanks 7% after Morgan Stanley downgrades to equal-weight, but raises EPS estimates

The brokerage firm has however raised FY21 & F22 EPS estimates by 5 percent each adding that tax rate cut outweighs lower margins. The firm believes that upside appears limited given uncertainty on asset quality and net intererst margins.

SBI withdraws repo-linked home loan scheme; may launch new products soon

In a reply to a customer's query on its official Twitter handle, the bank said that it had withdrawn the repo-linked lending rate (RLLR) based home loan scheme.

Former SBI Chairman Arundhati Bhattacharya eyes general insurance play

Former SBI chief Arundhati Bhattacharya is looking to start a general insurance business, along with Sunil Mehta, Deepak Ishwarbhai Amin.On 3 September, Bhattacharya and Mehta registered their company, Welmo Fintech.

Bank strike call on Sept 26-27: SBI says normal business may be affected

In the biggest consolidation exercise in the banking space, the government on August 30 announced four major mergers of PSBs, bringing down their total number to 12 from 19 in 2017, a move aimed at making state-owned lenders global-sized banks.

Market Headstart: Nifty likely to open higher; SBI, HDFC Bank top buys

Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 32 points gain or 0.29 percent. Nifty futures were trading around 10,894-level on the Singaporean Exchange.

SBI raises up to Rs 3,105 cr by issuing Basel-III-compliant bonds

The debentures bear coupon of 8.75 per cent per annum payable annually with call option after 5 years or any anniversary date thereafter, aggregating to Rs 3,104.80 crore to the bond subscribers on Friday, SBI said.

SBI's credit card business aims to raise $1.1 billion via IPO: Source

SBI has already tapped banks to run the IPO process and a listing is expected to happen in the last quarter of this financial year, bank officials have previously said.

I fear that a recession may start by the end of 2020: Karvy Stock Broking CEO

When a global recession arrives, the Indian economy would suffer as well, both due to the direct economic impact but more so on account of the indirect linkage via financial markets

SBI proposes to dilute stake in credit card business

The country's largest lender currently holds 74 per cent stake in SBI Cards & Payment Services Private Limited.

Buy State Bank of India; target of Rs 400: ICICI Direct

ICICI Direct is bullish on State Bank of India recommended buy rating on the stock with a target price of Rs 400 in its research report dated August 05, 2019.

Buy State Bank of India; target of Rs 398: HDFC Securities

HDFC Securities is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 398 in its research report dated August 05, 2019.

Buy State Bank of India target of Rs 380: Sharekhan

Sharekhan is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 380 in its research report dated August 02, 2019.

SBI cannot afford to keep offering existing deposit rates, says Chairman Rajnish Kumar

Within hours of a steeper 35 basis points reduction in the repo rates by the Reserve Bank to 5.4 percent in its fourth consecutive steps, the largest lender State Bank announced a 15 basis points reduction in its lending rates, effective August 10 across all tenors.

Buy State Bank of India; target of Rs 380: Motilal Oswal

Motilal Oswal is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 380 in its research report dated August 02, 2019.

Buy State Bank of India; target of Rs 369: Prabhudas Lilladher

Prabhudas Lilladher is bullish on State Bank of India has recommended buy rating on the stock with a target price of Rs 369 in its research report dated August 03, 2019.

SBI shares tank 5% as brokerages cut price target on slippage worries

Brokerages retain a positive stance, but slash price target on higher slippages. They see scope for higher credit cost in FY20 and downside risks to earnings from a larger watch list.

SBI Consolidated June 2019 Net Interest Income (NII) at Rs 25,455.11 crore, up 6.38% Y-o-Y