State Bank of India (SBI) has announced an upward revision in its credit growth expectations, surpassing its previous projection of 12-13%. This positive outlook suggests increased lending activity and potential economic recovery. As India's largest public sector bank, SBI's credit growth often serves as an indicator of the overall banking sector's health and broader economic trends. While specific new target ranges were not provided, the announcement implies stronger credit demand across various economic sectors.
02Jun 25
State Bank of India: Block Trade of 1.24 Million Shares Worth ₹101.38 Crore Executed
A significant block trade of State Bank of India (SBI) shares occurred on the National Stock Exchange (NSE). The transaction involved 1,240,962 shares at ₹816.95 per share, totaling ₹101.38 crore. This large-scale trade highlights substantial interest in India's largest public sector bank, though the parties involved were not disclosed.
02Jun 25
SBI Shares: Major Block Trade Worth ₹165.73 Crore Executed on NSE
A significant block trade of approximately 2,042,599 shares of State Bank of India (SBI) was executed on the National Stock Exchange (NSE). The transaction, valued at ₹165.73 crore, was priced at ₹811.35 per share. While the identities of the buyer and seller remain undisclosed, this large-scale trade has drawn attention from market observers due to its potential implications for institutional holdings or strategic moves by major investors.
02Jun 25
State Bank of India: Significant Block Trade Worth ₹123.47 Crore Executed on NSE
A significant block trade of State Bank of India (SBI) shares was executed on the National Stock Exchange (NSE). The transaction involved approximately 1,519,271 shares, valued at ₹123.47 crore, at a price of ₹812.70 per share. This large-scale trade indicates substantial investor interest in India's largest public sector bank and may have implications for institutional holdings and market confidence in the banking sector.
SBI Approves $3 Billion Overseas Fundraising Plan for FY 2025-26
State Bank of India (SBI) has approved a long-term fundraising plan of up to $3 billion (approximately ₹25,600.00 crore) for the fiscal year 2025-26. The decision was made during a meeting of SBI's Executive Committee on May 20, 2025. The funds will be raised through public offers and/or private placements, subject to market conditions and regulatory approvals. This initiative aims to strengthen SBI's capital base, potentially support international expansion, and diversify funding sources.
19May 25
SBI Slashes Fixed Deposit Rates by 20 Basis Points Across All Tenors
State Bank of India (SBI) has announced a 20 basis points reduction in fixed deposit interest rates across all tenors, effective May 16, 2025. This is the second rate cut in a month. New rates for general public range from 3.30% to 6.70%, while for senior citizens, it's 3.80% to 7.30%. The popular Amrit Vrishti scheme now offers 6.85% for general public and 7.35% for senior citizens.
15May 25
SBI Unveils Ambitious $3 Billion Fundraising Plan for FY2025-26
State Bank of India (SBI) has announced plans to raise up to $3 billion (₹24,700 crore) in fiscal year 2025-26 through public offer or private placement of senior unsecured notes. The bank's Executive Committee will meet on May 20 to finalize long-term fundraising options. This move aims to strengthen SBI's capital position, support credit growth, enhance technology infrastructure, and fund potential expansions.
14May 25
SBI to Consider $3 Billion Offshore Bond Issuance for FY 2025-26
State Bank of India (SBI) has announced a board meeting on May 20 to discuss raising up to $3 billion (₹24,660 crore) through offshore bonds for the fiscal year 2025-26. The fund-raising may involve issuing senior unsecured notes in US dollars under Regulation-S and Rule 144A, potentially in multiple tranches. This move aims to strengthen SBI's capital base and support future growth initiatives.
14May 25
SBI Announces 1590% Final Dividend for FY 2024-25 Amid Q4 Profit Dip
State Bank of India (SBI) has announced a final dividend of Rs 15.9 per equity share (1590%) for FY 2024-25, with a record date of May 16, 2024, and payment date of May 30, 2024. However, SBI's Q4 FY25 results show a mixed performance. Consolidated net profit decreased by 8.20% YoY to Rs 19,941.39 crore, while total income increased by 8.90% YoY to Rs 1,79,562.32 crore.
13May 25
State Bank of India Breaks into Global Top 100 Most Profitable Companies
State Bank of India (SBI) has entered the global top 100 most profitable companies, ranking 98th with a net profit of ₹77,561.00 crore ($9.20 billion) for FY25. This achievement places SBI alongside international giants like Alphabet, Apple, and JPMorgan Chase, marking a significant milestone for the Indian financial sector. The accomplishment highlights SBI's robust financial performance and the growing competitiveness of Indian banks on the global stage.
09May 25
SBI to Divest 13.19% Stake in Yes Bank to Japan's SMBC for ₹8,889 Crore
State Bank of India (SBI) has approved the sale of a 13.19% stake in Yes Bank to Sumitomo Mitsui Banking Corporation (SMBC) for ₹8,889 crore. The transaction, priced at ₹21.50 per share, marks a significant foreign investment in the Indian banking sector. This move comes after SBI's involvement in Yes Bank's rescue in March 2020. The deal is subject to regulatory approvals and could potentially bring new perspectives and capital to Yes Bank while allowing SBI to reallocate its resources.
05May 25
State Bank of India: Q4 FY25 Results Show Mixed Performance, Brokerages Remain Bullish
State Bank of India (SBI) released its Q4 FY25 results, showing a 10% decrease in net profit to ₹18,642.59 crore, while net interest income rose 2.70% to ₹42,774.55 crore. Asset quality improved with GNPA ratio at 1.82%. SBI plans to raise ₹25,000 crore in equity capital in FY2025-26. Despite the profit decline, brokerages like Citi and Investec maintain 'buy' ratings, citing strong core performance, loan growth, and attractive valuation.
State Bank of India (SBI) declared a dividend of ₹15.90 per equity share for FY 2024-25, representing a 1,590% dividend on the face value. The record date is set for May 16, 2025, with payment scheduled for May 30, 2025. This announcement comes despite a 10% drop in Q4 net profit to ₹18,643.00 crore, largely due to a 300% increase in provisions for bad loans to ₹6,442.00 crore.
03May 25
SBI Reports Strong FY25 Results, Plans ₹25,000 Crore Capital Raise
State Bank of India (SBI) reported robust financial results for FY25, with operating profit crossing ₹1 lakh crore and net profit increasing by 16.08% year-on-year. The bank's asset quality improved, with gross NPA ratio decreasing to 1.82%. SBI announced plans to raise up to ₹25,000 crore in equity capital in FY26 through QIP or FPO. The bank declared a dividend of ₹15.90 per share for FY25.
03May 25
SBI Reports Strong FY25 Results, Approves ₹25,000 Crore Fund Raising Plan
State Bank of India (SBI) reported impressive financial results for FY25, with net profit rising 16.08% to ₹70,901.00 crore. The bank's operating profit crossed ₹1 lakh crore, and asset quality improved with GNPA ratio at 1.82%. SBI's board approved a plan to raise up to ₹25,000 crore through various modes including QIP and FPO. The bank declared a dividend of ₹15.90 per share and reported growth in advances and deposits. SBI's digital banking initiatives continued to progress, with 64% of savings accounts acquired through YONO platform.
03May 25
SBI Q4 Results: Profit Surge, Rate Cut Expected, and Margin Outlook Adjusted
State Bank of India announced Q4 FY 2024-25 results with net profit up 10% to ₹18,643 crore and NII growing 3% to ₹42,774 crore. GNPA ratio decreased to 1.82%, but fresh slippages rose to ₹42.22 billion. Total advances increased 12.03% and deposits grew 9.50% year-over-year. SBI declared a ₹15.90 per share dividend and anticipates a 50 bps RBI rate cut. The bank adjusted its margin guidance to 12-13% but maintains ROE target above 15%.
State Bank of India (SBI) is set to announce its Q4 FY2023-24 results. Analysts expect 13-14% YoY loan growth and 4% YoY increase in Net Interest Income to Rs 43,405 crore. However, Profit After Tax may decline 13% YoY to Rs 17,989 crore. Asset quality is anticipated to remain stable with controlled slippages. The bank's performance will be crucial in assessing the overall health of India's banking sector.
02May 25
SBI Shares in Focus: Major Block Trade Worth Rs. 160.73 Crores Executed
A significant block trade of approximately 2,025,783 shares of State Bank of India (SBI) was executed on the National Stock Exchange (NSE). The transaction was valued at ₹160.73 crores, with shares priced at ₹793.40 each. This large-scale trade has drawn market attention, though the identities of the buyer and seller remain undisclosed.
02May 25
SBI Sets Date for Q4 FY25 Results, Board to Consider Dividend and Fundraising
State Bank of India (SBI) has scheduled a board meeting for May 3, 2025, to approve Q4 and FY25 financial results, consider dividend declaration, and discuss fundraising plans. An analyst interaction is set for 5:00 PM the same day. SBI has implemented a trading window closure from April 1, 2025, until 48 hours after the results announcement for designated persons.