Latest news about State Bank of India
State Bank of India
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More news about State Bank of India
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.
02Jan 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.
15Dec 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.
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.
10Dec 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.
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.
06Nov 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.
11Sept 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.
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.
08Aug 25
SBI Maintains Growth Targets, Prepares for Investor Meetings, and Plans to Sell Yes Bank Stake
State Bank of India (SBI) has confirmed its growth targets of 12% for loans and 10% for deposits. The bank is preparing for meetings with institutional investors and analysts, organized by Emkay Global Financial Services Ltd. SBI also announced plans to divest its stake in Yes Bank when market conditions are favorable. The bank emphasized that only publicly available information will be shared during these investor meetings.
07Aug 25
State Bank of India to Announce Q1 FY26 Results on August 8
State Bank of India (SBI) will release its quarterly financial results for Q1 FY26 on August 8, 2025. The bank's Board will meet in Mumbai to approve the results for the quarter ended June 30, 2025. An earnings call is scheduled for 5:15 p.m. the same day, with a live webcast available for investors and analysts. SBI, India's largest state-owned bank, serves over 50 crore customers through 22,500+ branches across 29 countries. In the previous quarter (Q4 FY25), SBI reported a net profit of Rs 18,643 crore, down 10% year-on-year, while net interest income increased by 2.7% to Rs 42,775 crore. The bank's gross NPA ratio improved to 1.82% from 2.07% year-on-year.
06Aug 25
SBI Anticipates Tepid Q1 Performance with Margin Compression; Analyst Meet Scheduled
State Bank of India (SBI) is projected to face challenges in Q1FY26, with analysts forecasting a slight decline in standalone net profit to Rs 16,964.00 crore, down 0.40% year-on-year. Net interest income is expected to fall over 3% to Rs 42,430.00 crore. The bank's net interest margin (NIM) is anticipated to contract to 2.85% from 3.15% in the previous quarter. Despite these challenges, loan growth is expected to remain steady at 11-13% year-on-year, with stable asset quality. Factors such as treasury gains, lower operating costs, and decreased provisions may provide some support to profitability. SBI has scheduled an analyst meet for August 8, 2025, following the declaration of Q1FY26 results.
06Aug 25
State Bank of India Launches Massive Recruitment Drive for 5,583 Junior Associates
State Bank of India (SBI) has announced a recruitment initiative for 5,583 Junior Associate positions in customer service and support roles. Applications will be open from August 6 to August 26, 2025. This follows recent hiring of 505 Probationary Officers and 13,455 Junior Associates. SBI operates over 22,500 branches, 63,580 ATMs/ADWMs, and 82,900 Business Correspondent outlets with more than 2.36 lakh employees. The bank recently raised ₹25,000 crore through a Qualified Institutional Placement (QIP), which was oversubscribed 4.5 times. SBI shares were trading at ₹804.10 on the BSE, up by 0.42%. The bank has scheduled an analyst interaction on August 8, 2025, following Q1FY26 results declaration.
29Jul 25
Bank of India Projects Corporate Credit Rebound, Eyes NIM Recovery in Q3
Bank of India (BoI) expects significant corporate credit growth, supported by an Rs 80,000 crore credit pipeline. The bank's corporate loan book grew 4% YoY to Rs 2,37,000 crore in Q1, with strong traction in data centres, EVs, and green finance. BoI targets 12-13% global loan growth and 10-11% deposit growth for the current fiscal year. Q1 saw 12% YoY growth in global advances and 9.07% in deposits. The retail book expanded 20% YoY, focusing on secured lending. However, agriculture and MSME sectors contributed to Rs 1,000 crore in slippages. NIM declined slightly to 2.55% but is expected to improve from Q3. The bank anticipates resolution on its MTNL exposure within 3-6 months and expects to benefit from RBI's cash reserve ratio reduction.
29Jul 25
Bank of India Q1 Profit Surges 32% to Rs 2,252 Crore Despite Net Interest Income Dip
Bank of India's Q1 standalone net profit increased by 32% to Rs 2,252.10 crore, despite a 3% decline in net interest income to Rs 6,068.10 crore. The bank's asset quality improved with gross NPA ratio falling to 2.92% and net NPA ratio to 0.75%. Operating profit grew by 9% to Rs 4,009.00 crore, while provisions decreased by 15.2% to Rs 1,096.00 crore. Total assets rose by 8.03% to Rs 6,676,050.00 crore, and total equity increased by 16.94% to Rs 441,162.00 crore.
25Jul 25
State Bank of India Appoints Ruma Dey as Deputy Managing Director, Receives ESG Ratings
State Bank of India (SBI) has appointed Smt. Ruma Dey as Deputy Managing Director for Special Projects, focusing on Compliance and Data Protection. The bank also received ESG ratings from four independent providers, with scores ranging from 56.54 to 74.00, indicating moderate to strong performance in sustainability and responsible business practices. These ratings were conducted under a subscriber pay model based on publicly available information.
24Jul 25
State Bank of India Schedules Board Meeting for Q1 FY26 Results on August 8, 2025
State Bank of India (SBI) has announced a Central Board meeting on August 8, 2025, in Mumbai to review and consider the financial results for Q1 FY26. An Analyst Meet is scheduled for the same day at 5:00 PM. The trading window for designated persons is closed from July 1, 2025, until 48 hours after the results declaration, in compliance with regulatory requirements.
23Jul 25
State Bank of India Announces Key Leadership Changes
State Bank of India (SBI) has announced two significant appointments at the Deputy Managing Director level. Parminder Singh will become Deputy Managing Director & Group Compliance Officer, while Ruma Dey will take on the role of Deputy Managing Director (OSD) Corporate Centre. Both appointments are effective from July 25, 2025. These changes aim to bolster SBI's corporate governance and operational strategy.
22Jul 25
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 and upgraded its Baseline Credit Assessment (BCA) and Adjusted BCA to baa3 from ba1. The upgrade reflects SBI's improving financial health, with enhanced capitalization and asset quality. SBI's consolidated CET1 ratio improved to 11.10% and gross NPL ratio decreased to 1.80%. The bank recently raised ₹24,999.99 crore through a QIP, issuing shares at ₹817 each. SBI maintains a strong 23% deposit market share in India, with 56.90% government ownership. Moody's revised SBI's Governance Issuer Profile Score to G-2 from G-3, maintaining a stable outlook.
22Jul 25
Moody's Upgrades SBI's Credit Assessment, Bank Raises ₹25,000 Crore via QIP
Moody's Ratings affirmed State Bank of India's Baa3 long-term deposit ratings and upgraded its Baseline Credit Assessment to baa3 from ba1. SBI successfully completed a Qualified Institutions Placement, raising ₹24,999.99 crore. The bank's financial metrics show improvement with CET1 ratio at 11.10%, gross NPL ratio at 1.80%, and return on average assets at 1.10%. Moody's revised SBI's Governance Issuer Profile Score to G-2 from G-3. The QIP resulted in the allotment of 30,59,97,552 shares at ₹817 per share, increasing SBI's issued equity share capital to ₹923.14 crore.
22Jul 25
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.
Industry PeersState Bank of India
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Bank of India
Indian Overseas Bank
Bank of Maharashtra
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