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Moody's Upgrades State Bank of India's Credit Assessment, Affirms Baa3 Deposit Ratings

Moody's Ratings has affirmed State Bank of India's (SBI) Baa3 long-term deposit ratings while upgrading its Baseline Credit Assessment (BCA) and Adjusted BCA to baa3 from ba1. The bank's Additional Tier 1 securities rating was upgraded to (P)Ba3 from (P)B1. The upgrade reflects improved capitalization and asset quality, with SBI's consolidated CET1 ratio rising to 11.1% and gross NPL ratio improving to 1.8%. SBI expects 12% loan growth and maintains a return on average assets of 1.1%. Moody's revised SBI's Governance Issuer Profile Score to G-2 from G-3. The bank recently raised ₹24,999.99 crore through a QIP, issuing shares at ₹817.00 each. Moody's maintains a stable outlook, citing SBI's strong market position and robust funding profile.

22Jul 25

Moody's Upgrades State Bank of India's Credit Profile, Affirms Baa3 Deposit Ratings

Moody's Ratings has upgraded State Bank of India's (SBI) Baseline Credit Assessment (BCA) and Adjusted BCA to baa3 from ba1, while affirming its Baa3 long-term deposit ratings. The upgrade reflects SBI's improved financial health, with expectations of enhanced capitalization over the next 12-18 months. SBI's consolidated CET1 ratio improved to 11.10% from 10.30%, and its gross NPL ratio decreased to 1.80% from 2.20%. The bank successfully raised ₹24,999.99 crore through a Qualified Institutions Placement, issuing shares at ₹817 each. SBI expects 12% loan growth for fiscal year 2026, in line with industry average. Moody's revised SBI's Governance Issuer Profile Score to G-2 from G-3, maintaining a stable outlook on its ratings.

21Jul 25

SBI Completes India's Largest QIP, Raises Rs 25,000 Crore

State Bank of India (SBI) has successfully completed its qualified institutional placement (QIP), raising over Rs 25,000 crore. The bank allocated approximately 30.6 crore equity shares at Rs 817.00 per share, marking the largest QIP in Indian market history. The issue price included a premium of Rs 816.00 over the face value of Re 1.00. This capital raise is part of SBI's strategy to strengthen its financial position and support growth plans. The QIP saw strong participation from qualified institutional buyers, reflecting robust investor confidence in the bank's prospects.

21Jul 25

LIC Boosts Stake in SBI to 9.49% Through ₹5,000 Crore QIP Investment

Life Insurance Corporation of India (LIC) has increased its shareholding in State Bank of India (SBI) to 9.49% through a ₹5,000 crore investment in SBI's recent Qualified Institutional Placement (QIP). SBI's QIP raised a total of ₹25,000 crore, with 30,59,97,552 equity shares allocated at ₹817.00 per share. LIC's investment represents about 20% of the total QIP amount, demonstrating confidence in SBI's prospects and potentially strengthening ties between India's insurance and banking sectors.

21Jul 25

SBI Successfully Raises ₹25,000 Crore Through QIP at ₹817 Per Share

State Bank of India (SBI) has completed its Qualified Institutional Placement (QIP), raising ₹25,000 crore by offering 30.59 crore equity shares at ₹817 per share to institutional investors. The QIP issue opened on July 16 and closed on July 21, 2025. SBI will file the Placement Document with stock exchanges and send Confirmation of Allocation Notes to eligible Qualified Institutional Buyers. The bank's trading window for 'Designated Persons' remains closed to comply with insider trading regulations.

18Jul 25

State Bank of India Sees Major Block Trade Worth ₹181.68 Crore

State Bank of India (SBI) experienced a significant block trade on the National Stock Exchange (NSE), involving approximately 2.21 million shares. The transaction, valued at ₹181.68 crore, saw shares changing hands at ₹820.65 each. This large-scale trade, typically associated with institutional investors, may indicate shifts in major stakeholder positions or investment strategies.

18Jul 25

SBI's Massive Rs 25,000 Crore QIP Oversubscribed 4 Times, Attracts Global Investors

State Bank of India (SBI) successfully completed a qualified institutional placement (QIP), raising Rs 25,000 crore. The offering was 4-fold oversubscribed with bids totaling Rs 1.10 lakh crore. Major investors included BlackRock Group, Marshall Wace, and LIC. The capital infusion is expected to boost SBI's Common Equity Tier 1 ratio by about 60 basis points, strengthening its balance sheet and supporting future growth initiatives.

17Jul 25

SBI Launches Rs 25,000 Crore QIP, Plans to Boost Capital and Support Growth

State Bank of India (SBI) has initiated a Rs 25,000 crore qualified institutional placement (QIP) to raise capital. The QIP has a floor price of Rs 811.05 per share, with an indicative offer price range of Rs 806.75 to Rs 831.70. This capital raise is expected to add 65 basis points to SBI's tier one capital, supporting its net interest margins and credit growth. SBI projects full-year NIMs around 2.90% and credit growth at 12-13%. The bank is also planning to raise Rs 20,000 crore through Basel III-compliant bonds. Additionally, SBI has reduced interest rates on fixed deposits for certain tenures.

16Jul 25

SBI Sets ₹811.05 as Floor Price for QIP, Plans ₹20,000 Crore Bond Issue

State Bank of India (SBI) has set the floor price for its Qualified Institutional Placement (QIP) at ₹811.05 per share, with a potential 5% discount. The 'Relevant Date' for the QIP is July 16, 2025. Additionally, SBI's Central Board has approved the issuance of Basel III compliant bonds worth up to ₹20,000 crores, including Additional Tier 1 and Tier 2 bonds, targeting domestic investors during the fiscal year 2026. The bank emphasizes regulatory compliance throughout these processes.

16Jul 25

SBI Board Greenlights Massive Rs 20,000 Crore Fundraising Plan

State Bank of India's Board of Directors has approved a fundraising plan of up to Rs 20,000 crore through the issuance of Basel III compliant Additional Tier 1 and Tier 2 bonds. This move aims to strengthen SBI's capital base, enhance capital adequacy, ensure regulatory compliance, support growth initiatives, and improve risk mitigation capabilities. As India's largest public sector bank, this significant capital raise underscores SBI's commitment to maintaining a strong financial position in the competitive banking landscape.

16Jul 25

SBI Sets ₹811.05 Floor Price for ₹25,000-Crore QIP, Approves ₹20,000 Crore Bond Issuance

State Bank of India (SBI) has set the floor price for its Qualified Institutional Placement (QIP) of ₹25,000 crore at ₹811.05 per share, with the option of a 5% discount. The QIP is scheduled to open on July 16, 2025. Life Insurance Corporation of India (LIC) is expected to bid over ₹5,000 crore, potentially becoming one of the largest investors. Domestic mutual funds are also showing strong interest. Additionally, SBI's board has approved raising up to ₹20,000 crore through Basel III-compliant Additional Tier 1 and Tier 2 Bonds. These capital raising initiatives aim to strengthen SBI's capital base, support growth, and ensure regulatory compliance.

11Jul 25

SBI Schedules Board Meeting to Discuss Massive Fundraising Plan for FY26

State Bank of India (SBI) has scheduled a board meeting for July 16, 2025, to consider raising funds for FY26 through Basel III-compliant capital bonds in INR. Reports suggest SBI may also be planning a share sale to institutional investors, potentially raising up to Rs 25,000 crore. This move aims to strengthen SBI's capital position, ensure Basel III compliance, and support growth plans.

10Jul 25

SBI to Discuss Fund Raising Through Basel III Compliant Capital Bonds on July 16

State Bank of India (SBI) has announced plans to discuss fund raising in an upcoming board meeting on July 16. The bank's Central Board will consider and seek approval for raising funds through the issuance of Basel III compliant capital bonds denominated in Indian Rupees for the fiscal year 2026. This move aims to strengthen SBI's capital base and ensure compliance with regulatory requirements. The exact amount to be raised has not been disclosed. The announcement was made in compliance with SEBI regulations.

10Jul 25

SBI Unveils Ambitious $2.9 Billion Capital Raising Plan Through QIP

State Bank of India (SBI) plans to raise $2.9 billion through a Qualified Institutional Placement (QIP) share sale to institutional investors. This move aims to strengthen SBI's capital base, potentially enhancing its lending capacity and ensuring regulatory compliance. The capital raise signals market confidence and could position SBI for growth opportunities in India's evolving banking sector.

10Jul 25

SBI Plans Massive ₹24,000 Crore Share Sale Next Week

State Bank of India (SBI) is preparing to sell shares worth approximately ₹24,000 crore ($2.90 billion) next week. This substantial capital-raising initiative aims to bolster SBI's financial position, potentially supporting growth plans, ensuring regulatory compliance, and enhancing financial flexibility. The move is expected to draw significant attention from investors and may have broader implications for the Indian banking sector and financial market.

10Jul 25

SBI Plans Massive ₹25,000 Crore Share Sale via Qualified Institutional Placement

State Bank of India (SBI) is planning to launch a Qualified Institutional Placement (QIP) of up to ₹25,000 crore ($2.90 billion), potentially becoming India's largest QIP. The share sale to institutional investors could occur as early as next week. The QIP aims to support loan growth, strengthen the bank's balance sheet, and meet regulatory requirements. If fully subscribed, it would surpass the previous record set by Coal India in 2015.

09Jul 25

SBI Plans Qualified Institutional Placement to Boost Capital

State Bank of India (SBI) is preparing to launch a Qualified Institutional Placement (QIP) to strengthen its capital base. The move, revealed by a government source, involves selling securities to qualified institutional buyers. While specific details about the size and timing of the QIP are not yet disclosed, this strategic decision indicates SBI's proactive approach to bolstering its capital position, potentially to support growth plans or meet regulatory requirements.

04Jul 25

SBI Announces Major Overhaul of Credit Card Rules Starting July 15

State Bank of India (SBI) is set to introduce significant changes to its credit card policies effective July 15. Key modifications include a new method for calculating Minimum Amount Due (MAD), revised payment order for outstanding balances, and discontinuation of complimentary aviation accident insurance on premium cards. These changes will affect select cardholders and may impact how users manage their credit card usage and benefits.

01Jul 25

SBI Shares: Major Block Trade Worth ₹82.24 Crore Executed on NSE

A significant block trade of 1,002,625 State Bank of India (SBI) shares was executed on the National Stock Exchange (NSE), valued at ₹82.24 crore. The shares were priced at ₹820.25 each. This large-scale transaction has drawn attention from market participants due to its potential impact on SBI's stock trading dynamics and its indication of institutional investor activity.

01Jul 25

SBI Unveils Ambitious Plan to Solarize 4 Million Homes by 2027

State Bank of India (SBI) has announced a plan to solarize 4 million homes by fiscal year 2027, aligning with India's Net Zero 2070 goals. The initiative aims to accelerate the country's transition to renewable energy. SBI has also reported that its agricultural lending has exceeded ₹3.50 lakh crore. Additionally, the bank is establishing a centre of excellence for project finance in new-age businesses to adapt to the evolving business landscape.

27Jun 25

SBI Plans ₹50 Billion Tier 2 Bond Issuance by August

State Bank of India (SBI) is preparing to raise ₹50 billion (₹5,000 crore) through Tier 2 bonds by August. This strategic move aims to strengthen the bank's capital base, potentially improving its capital adequacy ratio and expanding lending capacity. The successful issuance could boost market confidence in SBI's financial management.

26Jun 25

State Bank of India Shares: Significant Block Trades Worth Over ₹680 Crore on NSE

State Bank of India (SBI) experienced two significant block trades on the National Stock Exchange (NSE). The first trade involved 2,452,601 shares at ₹794.75 per share, totaling ₹194.92 crore. The second trade comprised 6,128,626 shares at ₹793.90 per share, amounting to ₹486.55 crore. The combined value of these trades reached ₹681.47 crore, indicating substantial investor interest in SBI shares. The trades were executed at prices between ₹793.90 and ₹794.75 per share.

26Jun 25

SBI Shares: Block Trade of 201,468 Shares Valued at Rs. 16.12 Crores

State Bank of India (SBI) experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 201,468 shares traded at Rs. 800.00 per share, totaling Rs. 16.12 crores. This large-scale trade suggests continued institutional interest in SBI stock and may influence market sentiment.

26Jun 25

SBI Plans Massive Rs 25,000 Crore QIP, First Equity Sale in 8 Years

State Bank of India (SBI) is planning to raise up to Rs 25,000 crore through a Qualified Institutional Placement (QIP), marking its first equity sale in eight years. The fundraising aims to strengthen SBI's Common Equity Tier 1 ratio. Multiple financial institutions will manage the QIP, charging a nominal fee of Rs 1.00. The offering is expected to launch within the next couple of months, with Life Insurance Corporation of India likely to be a major investor.

25Jun 25

SBI Plans Massive Rs 25,000 Crore QIP, Largest Share Sale in 8 Years

State Bank of India (SBI) is planning to raise up to Rs 25,000 crore through a Qualified Institutional Placement (QIP), marking its first share sale since 2017. Six banks have been appointed to manage the process, expected to launch in the coming months. The capital raise aims to boost SBI's Common Equity Tier 1 (CET-1) ratio, with a target of reaching 11.00% by March 2025. If successful, this could become India's largest QIP, reflecting SBI's significant position in the Indian banking sector.

23Jun 25

SBI Partners with FPSB India to Enhance Financial Planning Expertise

State Bank of India (SBI) has signed an MoU with Financial Planning Standards Board India to integrate Certified Financial Planner (CFP) certification into its employee learning framework. This initiative aims to enhance financial planning capabilities for SBI's 2.36 lakh employees, focusing on serving high-value customers such as NRIs, HNIs, and UHNIs. The CFP program will cover areas including investment, tax, retirement, estate planning, and risk management, aiming to provide more comprehensive and tailored financial services.

20Jun 25

SBI to Relocate Key Global Market Departments from Kolkata to Mumbai

State Bank of India (SBI) plans to move several key departments of its global market unit from Kolkata to Mumbai. The relocation includes the Centralised Global Back Office, forex treasury, derivatives, and structured products divisions. SBI views this as a strategic move to enhance operational efficiency, despite opposition from local civil society platforms in Kolkata. The bank remains firm on its decision, which is part of a broader centralization initiative.

16Jun 25

SBI Slashes Savings Account Interest Rate to 2.5%, Approves $3 Billion Fund Raise

State Bank of India (SBI) has announced a reduction in savings account interest rates from 2.70% to 2.50% for balances below Rs 10 crore, effective June 15. The bank has also cut fixed deposit rates by up to 25 basis points across various tenures. SBI approved raising up to $3.00 billion through public offer or private placement of senior unsecured notes in US dollars or other major foreign currencies. Additionally, the bank reduced its Repo Linked Lending Rate by 50 basis points to 7.75%, effective June 15.

09Jun 25

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

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.

06Jun 25

SBI Revises Credit Growth Expectations Upward

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.

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.