Latest news about State Bank of India
State Bank of India Records Rs. 40.13 Crore Block Trade on NSE
State Bank of India
1,101.10
+6.85(+0.63%)
Company Performance:
View Company Insights1D+0.63%
1M+6.71%
6M+20.79%
1Y+35.36%
5Y+227.27%
More news about State Bank of India
09Apr 26
State Bank of India Records Rs. 15.62 Crore Block Trade on NSE
State Bank of India executed a major block trade on NSE worth Rs. 15.62 crores involving 147,012 shares at Rs. 1062.20 per share. The transaction reflects significant institutional investor activity in the banking sector and demonstrates continued market interest in SBI shares.
07Apr 26
State Bank of India Schedules General Meeting for May 15, 2026 for Director Elections
State Bank of India has scheduled its General Meeting for May 15, 2026, at 03:00 PM through video conferencing for director elections under SBI General Regulations. Remote e-voting will be available from May 12-14, 2026, with comprehensive digital access through multiple platforms including the bank's website and stock exchange portals.
07Apr 26
SBI Estimates ₹3 Billion Losses from Forced Unwinding After RBI Action
State Bank of India faces estimated losses of ₹3 billion from forced unwinding of trades following RBI regulatory action over $5 billion short-rupee positions. The development demonstrates the financial impact of regulatory intervention in forex operations and underscores the central bank's active oversight of currency market activities by major banking institutions.
01Apr 26
HSBC Maintains Buy Rating on State Bank of India, Cuts Target Price to Rs 1120 Amid Geopolitical Concerns
HSBC has maintained its Buy rating on State Bank of India while cutting the target price from Rs 1250 to Rs 1120, citing concerns over the Middle-East conflict's impact on earnings outlook. The brokerage expects cuts to AUM growth, margins, and EPS, along with emerging liability pressures and potential asset-quality risks. Despite the positive rating on SBI, HSBC prefers private banks over PSU banks and favors NBFCs like Cholamandalam Investment and Finance and Shriram Finance, positioning LIC Housing Finance as a defensive pick.
31Mar 26
State Bank of India Releases Voting Results for General Meeting on Material Related Party Transactions
State Bank of India published comprehensive voting results for its General Meeting held on March 27, 2026, revealing overwhelming shareholder approval for all 11 material related party transaction resolutions with subsidiaries including SBI Life, SBI Cards, and international entities, with approval rates exceeding 99.99% across all resolutions.
24Mar 26
SBI Issues Correction: Tier 2 Bond Count Revised to 6,051 from 1 Crore
State Bank of India issued a regulatory correction regarding its Basel III compliant Tier 2 bond allotment, clarifying that 6,051 bonds were issued instead of the previously reported 1,00,00,000 bonds. The ₹6,051 crore issue amount and 7.05% coupon rate remain unchanged, with bonds maintaining their 10-year tenure and annual interest payment structure.
24Mar 26
State Bank of India Records Rs. 66.16 Crore Block Trade on NSE
State Bank of India witnessed a major block trade on the National Stock Exchange worth Rs. 66.16 crores, involving approximately 642,377 shares at Rs. 1029.90 per share. This institutional transaction highlights continued investor interest in the public sector banking giant and reflects the stock's liquidity appeal among large market participants.
24Mar 26
State Bank of India Records ₹173.11 Crore Block Trade on NSE
State Bank of India executed a major block trade on NSE worth ₹173.11 crores involving 1,681,369 shares at ₹1,029.60 per share. The transaction highlights significant institutional activity and demonstrates large investor interest in the banking stock through off-market execution mechanisms.
24Mar 26
State Bank of India Records Rs. 85.53 Crore Block Trade on NSE
State Bank of India completed a substantial block trade on NSE worth Rs. 85.53 crores, involving 830,421 shares priced at Rs. 1030.00 each. This transaction reflects active institutional participation and demonstrates the efficient execution of large-volume trades outside regular market hours to minimize price impact.
24Mar 26
State Bank of India Schedules General Meeting on May 15, 2026 for Director Elections
State Bank of India has scheduled a General Meeting for May 15, 2026 to elect four Directors to the Central Board, replacing retiring members whose terms end June 25, 2026. The virtual meeting will use e-voting through NSDL platform, with remote voting available May 12-14, 2026. Shareholders with minimum 5000 shares can contest elections, while those with 50+ shares registered for three months are eligible to vote.
23Mar 26
State Bank Of India Faces ₹6,337 Crore Tax Demand, Disputes Assessment
State Bank of India faces a significant tax dispute with a ₹6,337 crore demand notice from the Income Tax Department for Assessment Year 2023-24. The bank has disclosed its intention to challenge the assessment order through appellate authorities while emphasizing no operational impact on banking activities.
19Mar 26
State Bank of India Files Draft Prospectus for SBI Funds Management IPO
State Bank of India filed a draft prospectus for IPO of subsidiary SBI Funds Management Limited, offering 203,709,239 equity shares (10.0013% stake). SBI will sell 128,334,397 shares (6.3007%) while Amundi India Holding offers 75,374,842 shares (3.7006%). SBIFML contributed Rs 4,230.92 crore income and Rs 5,108.56 crore reserves in FY 2024-25. The IPO remains subject to regulatory approvals and market conditions.
16Mar 26
State Bank of India Conducts Virtual Investor Interaction with Institutional Investors on March 16, 2026
State Bank of India held a virtual investor interaction on March 16, 2026, from 11:00 am to 11:50 am IST, arranged by Morgan Stanley in Mumbai. The group meeting saw participation from over 50 institutional investors and analysts, including major names like Franklin Templeton, HDFC Asset Management, Canada Pension Plan Investment Board, and various hedge funds. The bank confirmed that only publicly available information was shared during the interaction, maintaining compliance with SEBI LODR Regulations 2015.
11Mar 26
State Bank of India Forms Strategic Alliance with Japan's MUFG Bank
State Bank of India has formed a strategic alliance with Japan's MUFG Bank, creating a significant international banking partnership. The collaboration brings together India's largest public sector bank with one of Japan's leading financial institutions, strengthening cross-border banking capabilities and enhancing service offerings for clients in both markets.
09Mar 26
State Bank of India Expands Investor Outreach with March 12 Hong Kong Meeting
State Bank of India has expanded its international investor outreach program, conducting structured interactions with 26 prominent global investment firms in Singapore on March 4-5, 2026, followed by an announced group meeting with institutional investors and analysts scheduled for March 12, 2026, in Hong Kong. All interactions are conducted under SEBI regulatory compliance, sharing only publicly available information.
06Mar 26
State Bank of India Receives AAA Rating for ₹7,500 Crore Tier II Bonds from Leading Rating Agencies
India Ratings and CRISIL have assigned AAA ratings to State Bank of India's ₹7,500 crore Tier II bonds while affirming existing ratings. The ratings reflect SBI's dominant 22.5% deposit market share, improved asset quality with gross NPAs at 1.57%, strong capitalisation with 10.99% CET1 ratio, and robust government support through 55.03% ownership stake.
06Mar 26
State Bank of India Records ₹80.90 Crore Block Trade on NSE
State Bank of India executed a major block trade on NSE worth ₹80.90 crores, involving 702,295 shares at ₹1152.00 per share. This institutional transaction demonstrates significant market activity in the banking sector through specialized trading mechanisms designed for large-volume trades.
05Mar 26
State Bank of India Completes Investor Interactions in Singapore
State Bank of India successfully concluded its scheduled investor meetings in Singapore, conducting one-on-one interactions with 26 prominent institutional investors and analysts over two days. The bank maintained regulatory compliance by sharing only public domain information during these sessions with global investment firms including GIC, PIMCO, Fidelity, and UBS Global Asset Management.
05Mar 26
State Bank Of India Executes Block Trade Worth ₹360.06 Crores At ₹1168.80 Per Share
State Bank of India executed a major block trade worth ₹360.06 crores involving approximately 3,080,585 shares at ₹1168.80 per share. This substantial institutional transaction reflects significant market activity in the banking sector and demonstrates continued investor interest in the public sector banking stock.
05Mar 26
State Bank of India Records Block Trade Worth Rs. 23.67 Crores at Rs. 1175.50 Per Share
State Bank of India recorded a significant block trade involving 201,376 shares at Rs. 1175.50 per share, totaling Rs. 23.67 crores. The transaction represents substantial institutional activity in the banking major's stock, executed through the block trade mechanism designed for large-volume institutional transfers.
03Mar 26
Fitch Ratings Affirms SBI's 'BBB-' Rating, Upgrades Viability Rating to 'bb+'
Fitch Ratings has affirmed State Bank of India's Long-Term IDR at 'BBB-' with Stable outlook while upgrading the Viability Rating to 'bb+' from 'bb', reflecting improved financial metrics including better asset quality and capitalisation. The bank's impaired-loan ratio improved to 1.6% in 9MFY26 while CET1 ratio rose to 12.6% from 10.8% in FY25. SBI's rating continues to benefit from government support and its position as India's largest bank, with Fitch expecting sustained improvements in an improving operating environment.
02Mar 26
State Bank of India Deputy Managing Director Nitin Chugh Steps Down as Contract Concludes
State Bank of India announced the departure of Deputy Managing Director Nitin Chugh following the conclusion of his contract on March 3, 2026. Chugh, who headed Digital Banking & Transformation, was relieved from services on March 2, 2026. The bank made this disclosure to stock exchanges in compliance with SEBI regulations regarding senior management changes.
25Feb 26
State Bank of India Records Rs. 125.37 Crore Block Trade on NSE
State Bank of India executed a major block trade on NSE worth Rs. 125.37 crores involving 1,042,665 shares at Rs. 1202.40 per share. The substantial transaction indicates significant institutional activity in the banking stock.
24Feb 26
State Bank of India Conducts Institutional Investor Meetings in Hong Kong on February 24, 2026
State Bank of India held institutional investor meetings in Hong Kong on February 24, 2026, arranged by Nuvama. The bank conducted six sessions with global investment firms including Alliance Bernstein, Fidelity Management & Research, and Value Partners, sharing only publicly available information in compliance with regulatory requirements.
07Feb 26
State Bank of India Announces Q3 FY26 Financial Results Following Board Approval
State Bank of India's Central Board approved Q3 FY26 financial results on February 7, 2026, with the meeting concluding at 1:10 PM. The bank submitted unaudited standalone and consolidated results under SEBI regulations, receiving an unmodified opinion from statutory auditors. Additionally, SBI confirmed no deviation in fund utilization during the quarter, having raised ₹7,500 crore through Tier 2 bonds in October 2025.
31Jan 26
State Bank of India Schedules Analyst Interaction on February 7, 2026 Post Q3FY26 Results Declaration
State Bank of India has scheduled an analyst and institutional investor interaction for February 7, 2026 at 5:15 PM IST, following Q3FY26 results declaration. The hybrid meeting will be held at State Bank Bhavan Auditorium, Mumbai with live webcast facility. No registration is required, and presentation materials will be filed with exchanges post results declaration.
28Jan 26
State Bank of India Raises USD 250 Million Through 12-Month Senior Unsecured Bond Issuance
State Bank of India has successfully concluded the issuance of USD 250 million senior unsecured floating rate notes with a 12-month maturity. The bonds carry a coupon rate of O/N SOFR+50 basis points per annum, payable quarterly in arrears, and were issued under Regulation-S through the bank's London branch as of February 2, 2026.
28Jan 26
State Bank of India Records Rs. 52.20 Crore Block Trade on NSE
State Bank of India completed a major block trade on NSE worth Rs. 52.20 crores, involving approximately 491,548 shares at Rs. 1061.90 per share. This institutional transaction reflects significant investor activity in India's largest public sector bank.
22Jan 26
Bank of India Shares Hit 52-Week High After 7% Jump in Q3 Net Profit
Bank of India shares surged nearly 7% to their 52-week high of ₹168.40 following strong December quarter results showing 7% net profit growth to ₹2,705 crore. The performance was driven by increased non-core income and 14% advances growth, with core net interest income rising 6% to ₹6,461 crore, adding ₹4,871.35 crore to market valuation.
22Jan 26
SBI Chairman Expects Private Investment Rebound Once US Tariff Disruption Settles
SBI Chairman CS Setty expects private investment to rebound once US tariff disruption settles, speaking at Davos. The bank targets 11-12% balance sheet growth and adds ₹10 lakh crore business annually. SBI focuses on AI integration for efficiency gains and prefers organic growth over consolidation. The bank anticipates a February rate cut pause and sees room for further public sector banking consolidation.
21Jan 26
Bank of India Reports Higher Fresh Slippages of ₹10.90 Billion in Q3
Bank of India reported fresh slippages of ₹10.90 billion in Q3, up from ₹8.90 billion in the previous quarter, marking a sequential increase of ₹2.00 billion or 22.47%. This rise in fresh slippages indicates growing asset quality pressure for the public sector bank. Fresh slippages represent loans transitioning from standard to non-performing status, serving as a key metric for assessing banking portfolio health and potential provisioning requirements.
21Jan 26
State Bank of India to Announce Q3FY26 Results on February 7, 2026
State Bank of India will announce Q3FY26 results on February 7, 2026, with the central board meeting in Mumbai to approve financial results for the quarter ended December 31, 2025. An analyst meet will follow at 5 pm at State Bank Bhavan Auditorium. The trading window has been closed for designated persons from January 1, 2026, reopening 48 hours post-results. The bank's Q2 performance showed strong fundamentals with net profit rising 10% to ₹20,160.00 crore and improved asset quality metrics.
21Jan 26
SBI to revise IMPS charges for high-value online transfers from February 15
State Bank of India will implement revised IMPS service charges from February 15, introducing fees on online transfers above ₹25,000.00 while maintaining free transfers for smaller amounts. The new structure charges ₹2.00 to ₹10.00 plus GST based on transaction value, with exemptions for select account categories and unchanged branch transaction fees.
20Jan 26
SBI Stock Reaches Fresh Record High After Breaking Month-Long Consolidation
State Bank of India shares achieved fresh record highs in January 2026 following a successful breakout from month-long consolidation. The PSU banking stock, part of BSE Sensex, gained over 3% weekly, 5% monthly, and 16% in three months. Technical experts recommend buying opportunities for short-term traders, projecting potential rally extension towards ₹1,100 levels based on the strong breakout pattern.
16Jan 26
State Bank of India Records ₹44.41 Crore Block Trade on NSE at ₹1034.10 Per Share
State Bank of India executed a significant block trade on NSE worth ₹44.41 crores involving 429,503 shares at ₹1034.10 per share. The transaction represents substantial institutional activity and provides insights into large-scale investment flows in the public sector banking space.
13Jan 26
SBI Increases ATM Transaction Charges at Non-SBI ATMs; New Fees Effective December 1, 2025
State Bank of India has implemented revised ATM transaction charges effective December 1, 2025, increasing fees for non-SBI ATM usage. Cash withdrawal charges rose to ₹23.00 plus GST from ₹21.00 plus GST, while balance enquiry fees increased to ₹11.00 plus GST from ₹10.00 plus GST. The revision was driven by rising interchange fees and higher operating expenses. Savings account holders retain five free monthly transactions, but salary account holders now face a new limit of 10 free transactions per month, replacing unlimited access.
12Jan 26
SBI Har Ghar Lakhpati Scheme: How ₹610 Monthly Investment Builds ₹1 Lakh Corpus
State Bank of India's Har Ghar Lakhpati scheme enables households to build ₹1.00 lakh corpus through systematic monthly investments of ₹610.00. The program challenges common misconceptions about wealth creation, proving that consistent small investments are more effective than waiting for large sums. The scheme makes systematic investment planning accessible to all income levels, emphasizing financial discipline over investment amount to help Indian families achieve their wealth creation goals.
12Jan 26
SBI Issues Alert on Rising Deepfake Scams Targeting Banking Customers
State Bank of India has issued a detailed warning about deepfake scams where cybercriminals use AI technology to create fake video calls, voice messages, and images impersonating bank officials and trusted contacts. The bank outlined how fraudsters exploit emotional pressure through emergency scenarios to manipulate victims into transferring money or sharing sensitive information. SBI provided comprehensive safety guidelines including verification protocols and emphasized immediate reporting through the Cyber Crime Helpline 1930 for suspected fraud cases.
12Jan 26
SBI Revises ATM Charges for Non-SBI Transactions Effective December 2024
State Bank of India has revised ATM charges for transactions at other banks' ATMs effective December 1, 2024. Cash withdrawal fees increased from ₹21.00 to ₹23.00 plus GST, while non-financial transaction charges rose from ₹10.00 to ₹11.00 plus GST. Regular savings accounts retain five free monthly transactions, but salary accounts now have a 10-transaction cap replacing unlimited access. BSBD accounts, SBI ATM transactions, and KCC accounts remain unaffected by these changes.
11Jan 26
SBI Revises ATM Transaction Charges Across Account Types - New Rates Effective
State Bank of India has implemented revised ATM and ADWM transaction charges affecting customers using other banks' ATMs beyond free limits. The updated fee structure covers savings accounts, salary packages, and current accounts, impacting both cash withdrawals and non-financial transactions conducted outside the bank's ATM network.
09Jan 26
SBI Stock Shows Bearish Technical Signals After Head & Shoulders Pattern Formation
State Bank of India has formed a bearish head-and-shoulders pattern on its 1-hour chart, breaking below the ₹1,002 neckline support with technical indicators confirming downward momentum. Despite recent weakness, the stock has delivered strong annual returns of 29.37% and maintains its position as India's largest public sector bank with over 23,050 branches.
09Jan 26
SBI Projects India's GDP Growth at 7.5% for FY26, Above NSO's 7.4% Estimate
State Bank of India's Economic Research Department projects India's GDP growth at 7.5% for FY26, exceeding NSO's 7.4% and RBI's 7.3% estimates. The forecast includes upward bias and aligns with historical patterns of 20-30 basis points difference between institutional estimates. While fiscal deficit may reach ₹15.85 lakh crore versus budgeted ₹15.69 lakh crore, it will remain at 4.4% of GDP due to lower expenditure and balanced revenue streams.
05Jan 26
SBI to Facilitate India-Israel Trade Settlement in Indian Rupees
State Bank of India's Tel Aviv branch has received regulatory approval to facilitate India-Israel trade settlements in Indian rupees through Special Rupee Vostro Accounts, following RBI's identification of Israel as a partner country under the rupee settlement mechanism. The bank is actively promoting this initiative through collaborations with the Israel-India Chamber of Commerce and major defense entities, while also expanding services for over 40,000 Indian workers in Israel through NRI account facilitation and remittance services. This development supports the strengthening economic ties between both countries amid ongoing Free Trade Agreement discussions and recent high-level diplomatic engagements.
05Jan 26
Bank of India Reports Strong Q3 FY26 Performance with Double-Digit Growth Across Business Segments
Bank of India reported impressive Q3 FY26 results with double-digit growth across all major segments. Global business expanded 12.50% YoY to ₹16,27,098 crore, driven by 11.64% growth in deposits and 13.55% increase in advances. Domestic operations outperformed with 15.07% growth in advances and 12.80% rise in deposits, while priority sector lending through RAM advances grew 17.69% YoY.
02Jan 26
Bank Of India Reports 13.55% Growth in Global Advances, 11.64% Rise in Deposits
Bank Of India has achieved strong operational performance with global advances growing 13.55% year-on-year and global deposits increasing 11.64% yearly as of December 31. The robust growth in both lending and deposit metrics reflects the bank's effective market strategies and operational efficiency in the competitive banking sector.
31Dec 25
State Bank of India Announces Retirement of Deputy Managing Director Jayati Bansal
State Bank of India has announced the superannuation of Ms. Jayati Bansal, Deputy Managing Director (International Banking Group), effective December 31, 2025. The disclosure was made under SEBI Regulation 30 requirements for senior management changes. Ms. Bansal's retirement marks the end of her tenure overseeing the bank's international banking operations, representing a significant leadership transition at India's largest public sector bank.
26Dec 25
Bank Of India Raises ₹100 Billion Through Long-Term Bonds Series IV
Bank Of India has successfully raised ₹100 billion through its Long-Term Bonds Series IV issuance. This significant capital raising exercise strengthens the bank's funding base and demonstrates strong investor confidence. The bond proceeds will support the bank's operational requirements and strategic growth initiatives.
23Dec 25
Bank Of India Raises ₹100 Billion Through Bond Issue at 7.23% Coupon Rate
Bank of India successfully raised ₹100 billion through a bond issuance with a coupon rate of 7.23% per annum. The issue was oversubscribed, receiving total bids worth ₹153.05 billion, indicating strong investor interest. This fundraising exercise demonstrates the bank's ability to access capital markets and will contribute to its financial position.
17Dec 25
State Bank of India Extends Managing Director Ashwini Kumar Tewari's Tenure Till December 2027
State Bank of India has announced the extension of Ashwini Kumar Tewari's tenure as Managing Director. The government notification extends his term from January 27, 2026, to December 31, 2027, or until superannuation, whichever is earlier. This decision ensures leadership continuity at India's largest public sector bank.
16Dec 25
SBI Announces IEPF Share Transfer and Special Re-lodgement Window for Unclaimed Dividends
State Bank of India has disclosed that shares with unclaimed dividends for seven consecutive years will be transferred to the Investor Education and Protection Fund (IEPF) on March 6, 2026. The bank has also opened a special window for re-lodgement of transfer requests for physical shares. This information was published in multiple newspapers on December 15, 2025, and officially disclosed on December 16, 2025, in compliance with SEBI regulations.
16Dec 25
SBI Officially Signs €150M KfW Credit Line for Climate Energy Projects
State Bank of India has officially announced signing a €150.00 million credit facility with KfW, the German development bank, scheduled for December 16, 2025, at KfW headquarters in Frankfurt. This Phase 2 credit arrangement is specifically designed to finance climate-friendly energy generation projects, representing a strategic expansion of the bank's sustainable financing capabilities and green banking initiatives.
15Dec 25
SBI Officially Appoints Ravi Ranjan as Managing Director Effective December 15
SBI has officially appointed Ravi Ranjan as Managing Director with effect from December 15, 2025, following a government notification under the SBI Act, 1955. The appointment concludes the FSIB recommendation process and represents a planned leadership transition. Ranjan, a career banker with over 34 years of experience, previously served as Deputy Managing Director and brings extensive expertise from various leadership roles including international assignments in Hong Kong and Los Angeles.
11Dec 25
SBI Invests ₹100 Crores in Digital Payments Intelligence Platform IDPIC
State Bank of India has invested ₹100 crores to acquire a 50% stake in Indian Digital Payment Intelligence Corporation (IDPIC) as the initial promoter. IDPIC, incorporated as a Section 8 company in October 2025 following RBI approval, will operate a comprehensive digital payments intelligence platform leveraging AI, machine learning, and blockchain technologies to combat payment fraud and provide real-time threat intelligence across India's financial ecosystem.
11Dec 25
State Bank of India Receives RBI Approval for Digital Payments Intelligence Platform
State Bank of India has obtained RBI approval for its Digital Payments Intelligence Platform, representing a key milestone in the bank's digital transformation journey. This regulatory clearance enables SBI to enhance its digital payment processing capabilities and strengthen its position in India's digital banking sector.
01Dec 25
State Bank of India Appoints Anindya Sunder Paul as Deputy Managing Director (Finance)
State Bank of India (SBI) has appointed Anindya Sunder Paul as the new Deputy Managing Director (Finance), effective April 1, 2024, for a tenure of 3 years. Paul, previously serving as Chief General Manager at SBI, will oversee the bank's financial strategies, risk management, regulatory compliance, and financial innovation in his new role.
15Nov 25
SBI Appoints 10 CA Firms as Statutory Central Auditors for FY2025-26
State Bank of India (SBI) has received RBI approval to appoint 10 Chartered Accountant firms as Statutory Central Auditors for FY 2025-26. The appointment includes eight continuing firms and two newly appointed ones. The continuing firms are from various locations across India, including Chennai, Bhopal, New Delhi, Kochi, Jaipur, Kanpur, and Mumbai. The two new firms are Ashwani & Associates from Ludhiana and M. Bhaskara Rao & Co. from Hyderabad. This appointment reflects SBI's commitment to maintaining robust financial oversight and transparency in its pan-India operations.
13Nov 25
State Bank of India Expands Stake in Raajmarg Infra Investment Managers to 7.45%
State Bank of India (SBI) has acquired 5,10,000 equity shares of Raajmarg Infra Investment Managers Private Limited through a rights issue at Rs. 10 per share. This acquisition increases SBI's total shareholding to 14,90,000 shares, representing a 7.45% stake in the company. Raajmarg Infra Investment Managers is an asset management company associated with NHAI-sponsored infrastructure projects.
13Nov 25
State Bank of India Reports Strong Q2 FY26 Performance with Improved NIMs and Robust Credit Growth
State Bank of India (SBI) reported a net profit of Rs 21,860.6 crore for Q2 FY26, including an exceptional gain of Rs 4,593 crore from YES Bank stake sale. Net Interest Income rose 5.78% YoY to Rs 50,037.60 crore. Credit growth was strong at 12.39% YoY. Asset quality improved with GNPA ratio at 2.55%. SBI successfully raised Rs 25,000 crore through QIP. The bank launched Project SARAL for retail banking process redesign and plans to introduce YONO 2.0. SBI maintains a positive outlook for H2 FY26, expecting continued credit demand.
08Nov 25
SBI Aims for Global Top 10 by Market Cap, Crosses ₹100 Lakh Crore Business Milestone
State Bank of India (SBI) has set a goal to become one of the world's top 10 most valued banks by market capitalization by 2030. The bank recently surpassed ₹100 lakh crore in total business (advances and deposits) and achieved a market cap exceeding $100 billion. SBI reported a 10% year-on-year increase in net profit to ₹20,160 crore in the latest quarter. The bank has set internal targets to improve its Capital Adequacy Ratio to 15% and Core Equity Ratio to 12%. SBI's growth is driven by expansion in retail, agriculture, and MSME advances, as well as gains from selling its stake in Yes Bank.
07Nov 25
SBI Joins Elite $100 Billion Market Cap Club and Develops Language Communication Platform
State Bank of India (SBI) has surpassed the $100 billion market capitalization mark following impressive quarterly results. The bank reported a net profit of ₹20,160 crore, up 10% year-on-year, and a net interest income of ₹42,985 crore, a 3% increase. SBI's total business reached ₹100.12 lakh crore, with advances at ₹44.20 lakh crore and deposits at ₹55.92 lakh crore. The bank's performance exceeded market expectations, aided by a one-off gain from the sale of its stake in Yes Bank. SBI shares have gained over 20% year-to-date, outperforming the Nifty50. The bank is also developing a language communication platform called Spark to help employees communicate with customers in local languages.
05Nov 25
State Bank of India Reports No Deviation in ₹25,000 Crore QIP Fund Utilization
State Bank of India (SBI) has disclosed its fund utilization statement for the quarter ended September 30, 2025, reporting no deviation in the use of ₹25,000 crore raised through a Qualified Institutional Placement (QIP) on July 21, 2025. The funds were used to augment the bank's Tier-I capital base as planned. SBI also reported no bond issuance during the quarter but maintains ₹1,58,557.00 crore in outstanding domestic bond instruments. This disclosure complies with SEBI's Listing Obligations and Disclosure Requirements Regulations.
04Nov 25
SBI Reports 9.97% YoY Increase in Q2FY26 Net Profit, Total Business Crosses ₹100 Trillion
State Bank of India (SBI) reported a 9.97% year-on-year increase in net profit for Q2FY26, reaching ₹20,160.00 crores. The bank's total business crossed ₹100 trillion, marking a significant milestone. Net Interest Income grew by 3.28% to ₹42,984.00 crores, while non-interest income surged by 30.44%. Asset quality improved with GNPA ratio at 1.73% and Net NPA ratio at 0.42%. Total advances grew by 12.73% YoY, crossing ₹44 trillion, while deposits increased by 9.27% to ₹55.91 trillion. Corporate credit growth improved to 7.1%, with expectations to reach double digits in the coming quarters. The bank's digital initiatives continued to strengthen, with 64% of savings accounts opened digitally through YONO.
04Nov 25
State Bank of India Reports Q2 FY26 Results with Net Profit of ₹20,169 Crore
State Bank of India (SBI) announced robust Q2 FY26 results with a net profit of ₹20,169 crore. Total income reached ₹1,34,971 crore, while operating profit before provisions was ₹27,310 crore. The bank successfully raised ₹25,000 crore through a Qualified Institutional Placement at ₹817 per share. SBI divested its 13.18% stake in Yes Bank for ₹21.50 per share, resulting in an exceptional profit of ₹4,593 crore. The bank also increased its stake in SBI General Insurance to 73.89% and sold its entire 14.96% stake in Jio Payments Bank.
03Nov 25
SBI Q2 Results Preview: Profit Expected to Drop Up to 17% YoY on Margin Pressure; Announcement on November 4
State Bank of India (SBI) will release its quarterly financial results on November 4 in Mumbai. Analysts project a potential decline in profit after tax to ₹17,700-18,800 crore, representing a 2-17% year-over-year decrease. Net Interest Income is expected to be flat to 2.7% lower year-over-year, with Net Interest Margins contracting to 2.6-2.8%. Despite these challenges, loan growth remains strong at 11.7-12% year-over-year. The bank's stock has shown recent positive momentum, gaining 1.52% over the last five trading sessions and reaching a 52-week high of ₹948.70 on November 3.
01Nov 25
SBI Pioneers Gold Trading on India International Bullion Exchange as First PSU Special Category Client
State Bank of India (SBI) has become the first public sector undertaking to execute a gold trade on the India International Bullion Exchange IFSC Ltd (IIBX) as a Special Category Client. This move aims to reshape India's bullion imports, aligning them with global standards and potentially reducing costs. SBI's participation is expected to enhance liquidity, provide competitive pricing, and support sustainable growth in India's bullion and jewellery industry. The initiative also supports the government's efforts to formalize the bullion trade and positions GIFT City as a global financial hub.
31Oct 25
State Bank of India Announces Senior Management Change at SBI CAP Securities
State Bank of India (SBI) has disclosed that Shri Deepak Kumar Lalla, the current Managing Director and CEO of SBI CAP Securities Limited in Mumbai, will retire from the bank's services on October 31, 2025, at the close of business hours. This announcement was made in compliance with SEBI listing regulations, demonstrating SBI's commitment to transparency and regulatory adherence.
26Oct 25
SBI Unveils Ambitious Hiring Plan, Aims to Boost Women Workforce
State Bank of India (SBI) is expanding its workforce by hiring approximately 3,500 officers. The bank has already recruited 505 Probationary Officers in June and is processing applications for 541 additional PO vacancies. SBI has also selected 1,300 Specialist Officers for IT and Cybersecurity roles and is considering 3,000 Circle-based Officer positions. Chairman C S Setty revealed plans to hire about 18,000 employees in total, including 13,500 clerical positions. SBI is focusing on improving gender diversity, aiming to increase women's representation from 27% to 30% within five years. The bank has implemented women-centric initiatives such as creche allowances and leadership development programs.
25Oct 25
RBI Economist Alleges Plagiarism in SBI Research Reports
An economist from the Reserve Bank of India (RBI) has accused State Bank of India (SBI) of plagiarizing content from RBI's Monetary Policy Reports in their Ecowrap research reports. RBI's Sarthak Gulati claims SBI copied paragraphs, charts, and presentation without proper attribution. SBI's research team denies the allegations, stating they use independent methodology, cite sources including RBI, and attribute similarities to common datasets. The dispute raises questions about originality standards, proper data attribution, and credibility in financial research.
24Oct 25
SBI Announces Brief Digital Banking Outage for Scheduled Maintenance
State Bank of India (SBI) has scheduled a one-hour maintenance period on October 25 from 1:10 AM to 2:10 AM, affecting digital banking services including UPI, IMPS, Internet Banking, NEFT, RTGS, and YONO app. ATM services and UPI Lite will remain available. The maintenance, originally planned for October 24, was postponed by a day. Customers are advised to plan their digital banking activities accordingly.
24Oct 25
Vivek Joshi Appointed as Director on State Bank of India's Central Board
The Central Government has nominated Vivek Joshi to the Central Board of Directors of State Bank of India (SBI). Joshi, currently the Secretary of the Department of Financial Services in the Ministry of Finance, replaces Sanjay Malhotra. The appointment is effective immediately and will continue until further orders. This nomination is made under Section 19 of the State Bank of India Act, 1955.
23Oct 25
SBI Clinches Dual Global Finance Awards, Reinforcing Its Market Leadership
State Bank of India (SBI) received two prestigious awards at the Global Finance Award Ceremony during the World Bank/IMF Annual Meetings. The bank was named 'World's Best Consumer Bank' and 'Best Bank in India'. SBI serves 520 million customers, adding 65,000 new customers daily. Its mobile app has over 100 million users with 10 million daily active users. Union Minister Piyush Goyal congratulated SBI on social media. The bank's stock closed at Rs 911.55 on NSE, up 0.41% for the day, with a 15.97% gain over 12 months. Analysts are bullish, with 41 out of 50 recommending a 'buy'.
20Oct 25
SBI Raises ₹7,500 Crore Through Basel III Compliant Bonds, Reports 15% Profit Growth
State Bank of India (SBI) has raised ₹7,500 crore through Basel III compliant Tier 2 bonds with a 6.93% coupon rate, maturing in 2035. The bank also reported a 15% increase in quarterly net profit to ₹19,160 crore. Other income rose to ₹17,345 crore, while net interest income remained flat at ₹41,072.4 crore. SBI's asset quality remained stable with a gross NPA ratio of 1.83% and net NPA ratio of 0.47%. The bank saw growth in wholesale bank advances (11.6%), domestic advances (11%), and wholesale deposits (11.7%). SBI shares closed 2.01% higher at ₹907.00.
20Oct 25
SBI Raises ₹7,500 Crore Through Basel III Compliant Tier 2 Bonds
State Bank of India (SBI) has successfully raised ₹7,500 crore by issuing Basel III compliant Tier 2 bonds. The bonds, with a face value of ₹1 crore each, carry a 6.93% coupon rate and will mature on October 20, 2035. The issuance, completed on October 17, 2025, aims to strengthen SBI's capital base and enhance compliance with global banking standards. The bonds feature a call option after 5 years and will be listed on BSE and NSE.
18Oct 25
State Bank of India Schedules Board Meeting for Q2FY26 Results, Announces Successful Tier 2 Bond Issuance
State Bank of India (SBI) has scheduled a board meeting for November 4, 2025, to consider Q2FY26 results, with an Analyst Meet to follow. The bank has implemented a trading window closure for designated persons from October 1, 2025, until 48 hours post-results announcement. Additionally, SBI successfully raised ₹7,500 crores through Basel III compliant Tier 2 bonds at a 6.93% coupon rate for a 10-year tenor. The bond issuance was oversubscribed, receiving bids approximately 3 times the base issue size, demonstrating strong investor confidence in SBI.
17Oct 25
SBI Plans to Raise Rs 7,500 Crore Through 10-Year Tier II Bonds
State Bank of India (SBI) plans to issue its first 10-year Tier II bonds, aiming to raise Rs 7,500 crore. The bond issue has a base size of Rs 5,000 crore with a green shoe option of Rs 2,500 crore. The expected coupon rate is above 7%. This move is part of SBI's strategy to strengthen its capital base and support lending activities.
16Oct 25
SBI UPI Services Hit by Second Technical Glitch in 10 Days
State Bank of India (SBI) experienced its second UPI service outage in 10 days. The latest disruption occurred on Thursday morning, with SBI informing customers about potential temporary declines in UPI services. The bank expected the issue to be resolved by 8:00 a.m. This follows a previous 90-minute outage on October 7 that affected over 1,200 users. During both incidents, SBI advised customers to use UPI Lite as an alternative. Despite these challenges, UPI transactions continue to grow, with September recording 1,963.34 crore transactions valued at Rs 24.89 lakh crore.
12Oct 25
SBI Aims to Boost Female Workforce to 30% by 2028
State Bank of India (SBI) plans to increase its women workforce from 27% to 30% within five years. The bank has implemented various initiatives including creche allowances, family connect programs, and leadership development. SBI currently has over 340 women-only branches and offers health programs like cancer screenings for female employees. The 'Empower Her' initiative focuses on nurturing female talent for leadership roles through coaching and mentoring.
10Oct 25
State Bank of India Plans ₹75 Billion Tier II Bond Sale After Year-Long Hiatus
State Bank of India (SBI) plans to return to the rupee debt market after a year, issuing Basel III-compliant tier II bonds worth up to ₹75 billion ($845.70 million) this month. The 10-year bonds will have call options starting after five years. SBI is expected to invite bids before month-end, with pricing likely based on five-year instrument rates. Market experts anticipate strong demand, particularly from mutual funds. This move is seen as strengthening SBI's capital adequacy and potentially signaling improved conditions in the rupee debt market.
10Oct 25
Government Opens SBI's Top Leadership Roles to Private Sector Talent
The Indian government has approved a framework allowing private sector professionals to compete for senior roles in public sector banks and state-owned insurers, including the Managing Director position at State Bank of India. Candidates must have at least 21 years of professional experience, with 15 years in banking and 2-3 years at or near board level. The Financial Services Institutions Bureau will use independent HR agencies to assess private sector applicants. This move aims to expand the leadership talent pool, enhance transparency, and promote merit-based competition for top roles in public financial institutions.
08Oct 25
SBI Chairman Announces KYC Simplification and Digital Banking Expansion
State Bank of India (SBI) is set to transform its digital banking services. SBI Chairman CS Setty announced plans to simplify KYC processes and launch YONO 2.0, an upgraded mobile banking app. YONO 2.0 will support 15 languages and offer enhanced products for farmers and MSME customers. SBI boasts 52 crore total customers, with 60,000-65,000 new customers daily. The bank is focusing on digital payments, working on extending credit products through UPI, and addressing challenges in digital lending.
07Oct 25
SBI UPI Services Face Technical Glitch, Affecting Over 1,200 Users
State Bank of India (SBI) experienced technical issues with its Unified Payments Interface (UPI) system on Tuesday, impacting over 1,200 users between 5:30 p.m. and 7 p.m. The majority of complaints (51%) were related to fund transfer difficulties. SBI acknowledged the problem on social media, promising resolution by 7 p.m. and advising customers to use UPI lite services in the interim. This incident highlights the challenges in India's rapidly growing digital payments ecosystem and the need for robust infrastructure to support increasing transaction volumes.
06Oct 25
Bank of India Reports Robust 11.8% Growth in Global Business, Reaching ₹15.62 Lakh Crore
Bank of India has shown strong financial performance with an 11.8% year-on-year growth in global business to ₹15,61,888.00 crore. Global deposits increased by 10.08% to ₹8,53,301.00 crore, while global gross advances rose by 13.94% to ₹7,08,587.00 crore. Domestically, deposits grew by 8.53% to ₹7,30,097.00 crore, and gross advances climbed 14.62% to ₹5,96,794.00 crore. The bank's consolidated net profit increased by 32.2% to ₹2,252.00 crore. Gross non-performing assets improved to 2.92%, down 170 basis points year-on-year.
01Oct 25
SBI Executive Highlights ECL System Readiness, Flags Potential Growth Challenges
State Bank of India (SBI) has announced its readiness to implement an advanced Expected Credit Loss (ECL) system, demonstrating its commitment to improved risk assessment and financial transparency. A senior banking executive highlighted this preparedness while also identifying potential growth challenges for the bank, including tariff issues and geopolitical situations. The implementation of the ECL system is expected to enhance SBI's ability to estimate potential credit losses more accurately, contributing to better financial stability.
30Sept 25
SBI Credit Card Business Soars Post-Covid, HDFC Bank Maintains Market Leadership
State Bank of India has experienced significant growth in its credit card business after the Covid-19 pandemic, focusing on younger customers. HDFC Bank maintains market leadership in cards issued and transaction values. Standard Chartered Bank faces challenges with declining transaction volume and value. The credit card market in India is evolving, with SBI's strategy reshaping the competitive landscape.
17Sept 25
State Bank of India Announces Major Reshuffle in Senior Management
State Bank of India (SBI) has announced a major reorganization of its senior management team. Six Deputy Managing Directors have been assigned new responsibilities across key departments including Retail-Personal Banking & Real Estate, Transaction Banking & New Initiatives, HR, International Banking Group, Global Markets, and Finance. The changes were disclosed in compliance with SEBI regulations. Additionally, SBI completed the divestment of its 13.18% stake in Yes Bank to Sumitomo Mitsui Banking Corporation for approximately Rs. 8,888.97 crore.
17Sept 25
SBI Completes Rs 8,889 Crore Divestment of 13.18% Yes Bank Stake to Sumitomo Mitsui Banking Corporation
State Bank of India (SBI) has finalized the sale of its 13.18% stake in Yes Bank to Sumitomo Mitsui Banking Corporation (SMBC) for Rs 8,888.97 crore. The transaction involved transferring 413.44 crore equity shares at Rs 21.50 per share. The deal received approvals from the Reserve Bank of India and the Competition Commission of India. SBI's Deputy General Manager confirmed the completion of the share transfer in a regulatory filing.
05Sept 25
SBI Approves Rs 1,760 Crore Investment in Yes Bank's Further Public Offering
State Bank of India's Executive Committee has approved an investment of up to Rs 1,760 crore in Yes Bank's upcoming Further Public Offering (FPO). The decision was made on July 8, 2020, following Yes Bank's announcement of capital raising plans on July 7. This move by India's largest public sector bank is expected to support Yes Bank's financial stability and growth, potentially boosting investor confidence in the FPO.
02Sept 25
SBI Raises $500 Million in International Bond Sale at Record-Low Pricing
State Bank of India (SBI) successfully raised $500 million through international bond sales, achieving the tightest pricing ever for an Indian entity at 75 basis points above the five-year US treasury. This follows Standard & Poor's upgrade of India's credit rating from BBB- to BBB. The bonds' final yield is 4.50%, reflecting favorable market conditions and SBI's strong position. India's robust economic performance, with 8.8% real GDP growth from FY22 to FY24, and fiscal consolidation efforts contributed to the credit rating upgrade. This successful issuance could encourage more Indian entities to enter the international bond market.
31Aug 25
SBI Secures EUR 100 Million Green Credit Line from AFD
State Bank of India (SBI) has signed a €100 million Line of Credit agreement with Agence Française de Développement (AFD) at SBI's GIFT City branch in Gandhinagar. The credit line aims to support climate mitigation and adaptation projects, aligning with SBI's goal to achieve a green portfolio of 7.5-10% of its domestic gross advances by 2030. This collaboration provides SBI with access to AFD's expertise in climate finance, enables competitive financing for green projects, and supports the integration of ESG factors into financing decisions. The partnership is expected to contribute significantly to India's transition towards a low-carbon economy.
18Aug 25
SBI Hikes Home Loan Rates by 25 Basis Points, Impacting New Borrowers
State Bank of India (SBI) has announced a 25 basis point increase in its home loan interest rates, effective August 1, 2025. The new rates for standard home loans will range from 7.50% to 8.70%, primarily affecting new borrowers with lower credit scores. SBI has also adjusted rates for other loan products, including Home Loan Maxgain, Top Up Loans, and Loan Against Property. This move could impact SBI's competitiveness in the home loan market, especially for customers with lower credit scores. Private banks like HDFC Bank, ICICI Bank, and Axis Bank offer varying starting rates for home loans, ranging from 7.70% to 8.35%.
16Aug 25
State Bank of India Reports Strong Q1 Results, Receives Credit Rating Upgrade
State Bank of India (SBI) announced robust Q1 financial results with a 12.48% YoY increase in net profit to ₹19,160.00 crores. The bank achieved an ROE of 19.70% and ROA of 1.14%. Domestic credit grew by 11.06% YoY, while deposits increased by 11.66% YoY. The Net NPA ratio improved to 0.47%. S&P Global Ratings upgraded SBI's issuer credit rating to 'BBB/Stable/A-2' and its stand-alone credit profile to 'bbb+'. SBI successfully raised ₹25,000.00 crores through India's largest Qualified Institutional Placement. The bank expects credit expansion to outpace nominal GDP and industry growth, focusing on retail loans, government capital expenditure, and green energy projects.
15Aug 25
SBI Receives Credit Rating Upgrade and Slashes MCLR by 5 Basis Points
State Bank of India (SBI) has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenors, effective August 15. The revised MCLR rates now range from 7.90% for overnight and one-month tenors to 8.85% for the three-year tenor. Additionally, SBI has received a credit rating upgrade to BBB/Stable/A-2, with its Stand-Alone Credit Profile (SACP) increased to 'BBB+' and capital and earnings rating enhanced to 'Adequate'. This change could potentially lead to lower interest rates for borrowers with MCLR-linked loans.
12Aug 25
SBI Halts Transactions for Nayara Energy Amid US Sanctions Concerns
State Bank of India (SBI) has stopped processing trade and foreign currency transactions for Nayara Energy to avoid potential US and EU sanctions. This decision was made independently by SBI without government direction. Nayara Energy, which operates a 20 million tonnes per annum Vadinar refinery and over 6,500 fuel pumps, holds about 8% of India's refining market share. The move follows the EU's 18th sanctions package against Russia, which includes restrictions on fuel imports and a price cap on Russian crude. This development highlights the challenges faced by Indian financial institutions in balancing international compliance with domestic business interests.
11Aug 25
Sensex Rises Over 100 Points as PSU Banks Rally, SBI Leads Gains
Indian benchmark equity indices opened positively on Monday, ending a six-week losing streak. The BSE Sensex rose 110.14 points (0.14%) to 79,968.14, while the Nifty50 gained 46.19 points (0.19%) to 24,409.19. State Bank of India led gains, rising 1.5% following strong Q1 results. Other gainers included NTPC, Trent, HDFC Bank, and Tata Motors. Some stocks like Asian Paints and ICICI Bank traded lower. Brokerages expressed optimism about SBI, with some raising target prices to Rs 955.00. Market sentiment remains cautious due to potential U.S. tariffs on Indian goods.
08Aug 25
SBI Maintains 12% Loan Growth Target for FY26, Reports ₹19,160 Crore Q1 Profit
State Bank of India (SBI) reported a 15% year-on-year increase in net profit, reaching ₹19,160 crore for the first quarter. Other income stood at ₹17,345 crore, while net interest income remained flat at ₹41,072 crore. SBI reaffirmed its loan growth guidance at 12% and deposit growth at 10% for FY26. The bank expects Net Interest Margins to follow a U-shaped trajectory, moderating in Q1 and Q2 before recovering by year-end. SBI aims to maintain Return on Assets above 1% and Return on Equity above 15%. The bank completed a ₹25,000 crore capital raise to support future lending.
Industry PeersState Bank of India
Bank of Baroda
Union Bank of India
Punjab National Bank
Canara Bank
Indian Bank
Indian Overseas Bank
Bank of India
Bank of Maharashtra
UCO Bank
1,101.10
(+0.63%)
274.13
(-0.80%)
177.00
(-1.51%)
113.09
(+0.34%)
140.85
(-0.01%)
909.90
(-0.55%)
35.01
(-0.37%)
147.44
(-2.27%)
77.90
(+0.76%)
26.47
(-0.56%)
Get More Market Insights with
we are part of Raise Financial Services
built with love
for indians who love to invest & trade
Market Community
Follow us on
