State Bank of India Share News - Latest Updates, Live News & More

Latest news about State Bank of India

SBI Pays ₹8,076.84 Crore Dividend to Government for FY25 5 days ago

State Bank of India (SBI) has paid a dividend of ₹8,076.84 crore to the Indian government for the financial year FY25. Finance Minister Nirmala Sitharaman received the dividend cheque, highlighting SBI's strong financial performance. As the majority shareholder, the government stands to benefit significantly from this payout, which will contribute to its revenue. The substantial dividend suggests SBI's robust financial position, allowing it to share profits while potentially retaining capital for operations and growth.

SBI Revises Credit Growth Expectations Upward 7 days ago

State Bank of India: Block Trade of 1.24 Million Shares Worth ₹101.38 Crore Executed Jun 02, 2025

SBI Shares: Major Block Trade Worth ₹165.73 Crore Executed on NSE Jun 02, 2025

State Bank of India: Significant Block Trade Worth ₹123.47 Crore Executed on NSE Jun 02, 2025

More news about State Bank of India

21May 25

SBI Board Approves $3 Billion Fundraising Plan for FY26

State Bank of India (SBI) has received approval from its Executive Committee to raise up to $3 billion through senior unsecured notes in FY 2025-26. The fundraising plan allows for single or multiple tranches, in US dollars or other major foreign currencies, through public offers or private placements. This strategic move aims to enhance SBI's capital base, global market presence, and provides flexibility in fund utilization.

20May 25

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.

04May 25

SBI Declares Massive 1,590% Dividend for FY25 Amid Q4 Profit Dip

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%.

02May 25

SBI Q4 Preview: Robust Loan Growth Expected Amid Potential NIM Compression

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.

30Apr 25

SBI Board to Discuss Q4 Results and Potential Fund Raising on May 3

State Bank of India (SBI) will conduct a board meeting on May 3, 2025, to review Q4 financial results for FY 2024-25 and discuss fund-raising options for FY 2025-26. The bank is considering various capital-raising methods, including FPO, Rights Issue, and QIP. SBI has informed stock exchanges about the meeting, complying with SEBI regulations. The bank recently issued a corrigendum to its General Meeting Notice, reflecting changes in Regional Rural Banks structure.

29Apr 25

SBI Board to Convene: Q4 Results and Potential Fundraising on the Agenda

State Bank of India (SBI) has scheduled a board meeting for May 3, 2025, in Mumbai. The meeting will focus on approving Q4 and FY 2025 financial results, and discussing potential fundraising options for FY 2026. Fundraising methods under consideration include Follow-on Public Offer, Rights Issue, and Qualified Institutional Placement. S&P Global Ratings has affirmed SBI's credit rating at BBB-/Positive/A-3. The meeting outcomes could significantly impact the banking sector and investor sentiment.

29Apr 25

SBI Board to Review Q4 Results and Consider Equity Capital Raise for FY26

State Bank of India (SBI) has scheduled a board meeting for May 3, 2025, to review Q4 FY2024-25 results and discuss equity capital raising for FY2026. The bank is considering various methods including FPO, Rights Issue, QIP, or a combination, subject to government and RBI approval. This move indicates SBI's proactive approach to strengthen its capital base for future growth and regulatory compliance.

28Apr 25

SBI Q4 Profit Expected to Dip on Wage Provisions, FY25 Outlook Remains Strong

State Bank of India (SBI) anticipates a 22% decline in Q4 FY24 profits due to one-time wage provisioning costs, with estimates ranging from ₹16,000 to ₹20,000 crore. However, FY25 profit projections are optimistic, expected to reach ₹64,700 to ₹70,800 crore. SBI reported strong loan growth of 13.80% and deposit growth of 9.80% year-on-year in Q3 FY24, maintaining stable asset quality. Despite short-term challenges, the bank's overall financial health and growth prospects remain positive.

15Apr 25

SBI Slashes Lending Rates by 25 Basis Points, Effective April 15, 2025

State Bank of India (SBI) has announced a reduction in its External Benchmark Based Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR) by 25 basis points each. The EBLR will decrease from 8.90% to 8.65%, while the RLLR will drop from 8.50% to 8.25%. This change, effective from April 15, 2025, follows the RBI's recent repo rate cut. The rate reduction is expected to benefit both existing and new borrowers, potentially leading to lower EMIs or reduced loan tenures. This move may influence other banks to follow suit, stimulating credit growth and supporting economic activities.

14Apr 25

SBI Cuts Loan and Deposit Rates, Revives 'Amrit Vrishti' Scheme

State Bank of India (SBI) has announced changes to its lending and deposit rates effective April 15, 2025. The bank is reducing lending rates by 25 basis points, with RLLR dropping to 8.25% and EBLR to 8.65%. Fixed deposit rates for 1-3 year tenures are being cut by 10-25 basis points. The new FD rate structure will range from 3.50% to 6.90% for regular customers and 4.00% to 7.50% for senior citizens. SBI is also reintroducing its 'Amrit Vrishti' special deposit scheme, albeit with lower rates than before.

09Apr 25

Indian Banks Secure Victory in UK Bankruptcy Appeal Against Vijay Mallya

A consortium of Indian banks, led by SBI, has won their London appeal to maintain a bankruptcy order against Vijay Mallya. The High Court ruled in favor of the banks, confirming the validity of the bankruptcy order and affirming that the banks did not hold security over Mallya's assets. The case involves a £1.12 billion debt from Mallya's defunct Kingfisher Airlines. This ruling strengthens the banks' position in their debt recovery efforts, though Mallya is reportedly pursuing a separate annulment application.

09Apr 25

SBI Implements New ATM Transaction Rules, Standardizes Limits Across Cities

State Bank of India (SBI) has announced new ATM transaction rules effective February 1. Key changes include standardized free transaction limits across all cities: 5 free transactions at SBI ATMs and 10 at other bank ATMs monthly. Excess transactions will incur charges: Rs 15 + GST at SBI ATMs and Rs 21 + GST (increasing to Rs 23 + GST from May 1) at other banks. Non-financial transactions remain free at SBI ATMs but cost Rs 10 + GST at other banks after the free limit. The bank also filed a regulatory compliance certificate for Q1 2023, confirming proper handling of dematerialized securities and timely processing of certificates.

08Apr 25

SBI Discontinues Amrit Kalash FD Scheme, Maintains Other Special Deposit Options

State Bank of India (SBI) has discontinued its 400-day Amrit Kalash fixed deposit scheme, which offered 7.10% interest for general customers and 7.60% for senior citizens. SBI continues to offer other special FD schemes, including the 444-day Amrit Vrishti scheme with up to 7.85% interest for super senior citizens, and special schemes for senior citizens like SBI Patrons and SBI WeCare. The bank's decision reflects its dynamic approach to product management in response to market conditions.

26Mar 25

SBI Secures $1 Billion Syndicated Dollar Loan, Engages with Global Investors

State Bank of India (SBI) has raised a $1 billion five-year syndicated dollar loan, marking the largest such facility in India for 2025. This achievement comes amid a 30% decline in foreign-currency loans by Indian issuers. Additionally, SBI conducted a series of meetings with global institutional investors in Hong Kong on March 25, 2025, arranged by HSBC. The meetings included one-on-one and group sessions with prominent investment firms such as Invesco, Alliance Bernstein, and Point72.

17Mar 25

SBI Postpones $1.7 Billion Fund Raising Amid Unfavorable Market Conditions

State Bank of India (SBI) has decided to postpone its $1.7 billion (₹14,000 crore) fund-raising plan for the current fiscal year due to high market yields. The bank's management deemed current market conditions unfavorable for such a large capital infusion. This strategic pause demonstrates SBI's prudent approach to capital management, as they wait for more favorable market conditions. While this may temporarily affect immediate growth plans, it reflects the bank's confidence in its current capital position and desire to optimize future capital acquisition terms.

13Mar 25

SBI Maintains MCLR Rates, Announces Investor Meetings Amid Stable Lending Environment

State Bank of India (SBI) has announced that its Marginal Cost of Funds Based Lending Rate (MCLR) will remain unchanged from March 15 to April 15, 2025, with the one-year MCLR staying at 9%. The bank has also scheduled meetings with institutional investors and analysts over three days in March 2025, organized by J P Morgan and Nuvama. A previously planned meeting with Morgan Stanley on March 12, 2025, has been cancelled.

13Mar 25

SBI to Launch Specialized Unit for AI and Fintech Project Financing

State Bank of India (SBI) is establishing a specialized unit for project financing in emerging industries like AI, e-commerce, and fintech. The unit, set to be operational within a year, will involve hiring specialized professionals and appointing an external consultant. This move aims to position SBI at the forefront of innovation financing in India's rapidly evolving tech landscape.

05Mar 25

SBI Shares Witness Block Trade as Bank Announces Divestment from Jio Payments Bank

State Bank of India (SBI) saw a block trade of 277,130 shares at ₹725.60 per share on NSE, totaling ₹20.11 crores. Additionally, SBI's board approved divesting its entire stake in Jio Payments Bank to Jio Financial Services Limited, selling 7,90,80,000 equity shares at ₹13.22 per share for a total of ₹104,54,37,600, subject to regulatory approvals.

04Mar 25

SBI Extends WeCare Deposit Scheme for Senior Citizens with Attractive Interest Rates

State Bank of India (SBI) has extended its WeCare Deposit scheme for senior citizens until March 31, 2024. The scheme offers an additional 0.50% interest rate compared to regular fixed deposits for individuals aged 60 and above. It provides quarterly interest payouts and flexible tenure options. Deposits are insured up to ₹5 lakh under the DICGC scheme, ensuring enhanced security for investors.

18Feb 25

SBI Launches 'Chota SIP': A Rs 250 Daily Investment Plan for Rural and Semi-Urban Investors

State Bank of India (SBI) has introduced 'Chota SIP', a micro systematic investment plan in collaboration with SBI Mutual Fund. The plan allows investors to start with a minimum investment of Rs 250 per day, targeting rural and semi-urban populations. SBI has waived transaction fees to promote financial inclusion. This initiative aligns with SEBI's proposal for small-ticket SIPs and aims to encourage broader participation in mutual fund investments. The 'Chota SIP' offers benefits such as a lower entry barrier, increased savings potential, and the promotion of financial discipline.