SBIN.BO - State Bank of India

BSE - BSE Real Time Price. Currency in INR
262.50
+2.75 (+1.06%)
At close: 3:58PM IST
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Previous close259.75
Open260.50
Bid0.00 x 0
Ask0.00 x 0
Day's range260.50 - 267.25
52-week range232.00 - 325.85
Volume916,974
Avg. volume1,250,560
Market cap2.343T
Beta (3Y monthly)1.52
PE ratio (TTM)N/A
EPS (TTM)-7.32
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date2017-05-26
1y target estN/A
  • IANS22 hours ago

    India inc raises funds for Pulwama attack victims

    New Delhi/Mumbai, Feb 18 (IANS) India Inc has come together to support the families of CRPF jawans killed and injured in the Pulwama terrorist attack by raising some funds. On Monday, the National Stock Exchange of India (NSE) said that it will contribute an amount equivalent to one day's salary of all its group employees to a government-sponsored fund set up for the purpose of supporting families of Central Armed Paramilitary Forces personnel killed or injured in action. Other entities such as lending major State Bank of India (SBI) announced a special initiative for the CRPF soldiers who were killed in the dreadful terrorist attack.

  • Headroom to cut rates does not exist - SBI chairman to CNBC TV18
    Reutersyesterday

    Headroom to cut rates does not exist - SBI chairman to CNBC TV18

    State Bank of India, the country's largest public sector lender, currently does not have any headroom to cut deposit rates and thus cannot cut its base lending rate, its Chairman Rajnish Kumar told news channel CNBC TV18 in an interview on Monday. Kumar was responding to a query on why the bank had not cut the marginal cost of funds based lending rates, or the MCLR and only cut the rate on home loans by 5 basis points despite a 25 basis points cut by the central bank at its monetary policy review earlier in the month. "The issue is that we need to cut the rate on the deposit if we need to cut the MCLR," said Kumar, adding this is not possible as other banks are currently offering significantly higher interest rates on deposits and these would need to get slashed first in order for SBI to react.

  • Reuters5 days ago

    Jet Airways approves rescue deal to plug $1.2 billion gap

    NEW DELHI/BENGALURU (Reuters) - India's Jet Airways said on Thursday its board had approved a rescue deal which will make its lenders its largest shareholders and fix a near 85 billion rupee ($1.2 billion) funding gap. With debts of more than $1 billion, Jet has struggled over the last year as competition intensified, the Indian rupee depreciated and high oil prices hurt margins. The airline said in a regulatory filing that its board has approved the rescue deal by the lenders, led by State Bank of India, which includes an equity infusion, debt restructuring and the sale or sale and lease back of aircraft.

  • IANS11 days ago

    SBI reduces rates on all home loans up to Rs 30 lakh

    Mumbai, Feb 8 (IANS) A day after the Reserve Bank of India (RBI) reduced a key lending rate, the State Bank of India (SBI) decided to cut interest rates on all home loans up to Rs 30 lakh. Rajnish Kumar, ...

  • IANS15 days ago

    SBI chief bats for DBT over farm loan waivers

    Bengaluru, Feb 4 (IANS) State Bank of India (SBI) Chairman Rajnish Kumar on Monday said he favours Direct Benefit Transfers (DBT) for farmers instead of farm loan waivers. "We are in the last leg of loan waivers in India. The country is now moving towards DBTs after Telangana first implemented it," Kumar told reporters on the margins of a bank event here.

  • IANS18 days ago

    Jet loan restructuring to be under Sashakt scheme: SBI chief

    New Delhi, Feb 2 (IANS) Lenders of the cash strapped Jet Airways will restructure loans given to the airline under the 'Sashakt' scheme, State Bank of India (SBI) Chairman Rajnish Kumar said on Friday. Speaking at a concall after the third quarter earning results on Friday, Kumar said the debt recast proposal would go to the screening panel of Indian Banks' Association (IBA). Recently, Jet Airways has been in a tight spot financially as a rescue plan is said to be stitched between its partner Etihad and a consortium of banks.

  • Reuters18 days ago

    State Bank of India fixes glitch that may have exposed customer data

    A report by the U.S.-based TechCrunch news website on Wednesday had said SBI had secured an unprotected server that could have allowed anyone to access information on millions of its customers, including bank balances and recent transactions. The server, hosted in a Mumbai-based datacenter, stored data from SBI Quick, a text message and call-based system used to request basic information about their bank accounts by SBI customers, the report had said.

  • IANS18 days ago

    SBI Q3 net profit at Rs 3,955 crore

    Mumbai, Feb 1 (IANS) Lending lender State Bank of India (SBI) on Friday reported a net profit of Rs 3,955 crore year-on-year for the third quarter of 2018-19. The bank had reported a net loss of Rs 2,416 ...

  • SBI expects asset quality to improve further after quarterly profit beats estimates
    Reuters18 days ago

    SBI expects asset quality to improve further after quarterly profit beats estimates

    "We are working in the direction of bringing down the net NPA, and with some luck we should be below 3 percent by the end of March 2019," said SBI Chairman Rajnish Kumar. As of the end of December, net NPA was at 3.95 percent, down from 4.84 percent in the previous quarter. Net profit came in at 39.55 billion rupees ($556 million) for the third quarter ended Dec. 31, versus a loss of 24.16 billion rupees a year ago, and far ahead of analysts' expectations for a profit of 32.08 billion rupees, according to Refinitiv data.

  • Reuters21 days ago

    SBI set to own 15 percent of Jet Airways, Etihad 40 percent: reports

    Jet Airways creditor State Bank of India is likely to own 15 percent of the airline if the cash-strapped carrier's plan for a debt-for-equity swap is approved, Indian TV channels reported on Tuesday. With debts of about $1.14 billion, Jet has been hit by fierce competition from other low-cost carriers, a weaker rupee and high oil prices. Jet said on Monday it would seek shareholder approval next month to convert debt into equity, increase its share capital and allow lenders to nominate a director on its board to help resolve its financial problems.

  • IANS29 days ago

    SBI says aberrations in NSSO rural data collection methodology

    Mumbai, Jan 21 (IANS) State Bank of India (SBI), in its latest report, says that there are aberrations in NSSO new rural data collection methodology which are likely to obfuscate India's monetary, fiscal policy choices. "Now because NSSO (National Sample Survey Organisation) is collecting data itself, it is possible that there may be absence of self validation, thereby leading to data discrepancies. SBI believes that policy choices, both fiscal and monetary, must be informed by methodologically consistent inflation data along with a stance change in February policy.

  • Reuterslast month

    SBI says lenders awaiting SEBI decision on Etihad offer for Jet Airways: paper

    The State Bank of India (SBI)-led consortium of lenders is waiting for the Securities and Exchange Board of India (SEBI) to decide on a bailout offer by Etihad Airways for the financially stressed Jet Airways, SBI Chairman Rajnish Kumar said, the Business Standard reported on Saturday. The UAE-based carrier, which is a major shareholder in Jet, is seeking an exemption from SEBI on preference pricing and open offer guidelines to increase its stake in the cash-strapped carrier.

  • Reuterslast month

    Jet Airways falls; lenders may take write-off - report

    Lenders to the airline are considering a plan to resolve its debt issues, top creditor State Bank of India (SBI) said on Thursday, while media reports said two main shareholders have yet to resolve their differences. Separately, Indian newspaper Business Standard reported on Friday that the airline's lenders, led by SBI, might take a write-off of up to 25 per cent on the airline's debt.

  • Reuterslast month

    Jet Airways' creditors weighing restructuring plan

    BENGALURU/MUMBAI (Reuters) - Jet Airways Ltd's lenders are considering a plan to resolve its debt issues, top creditor State Bank of India (SBI) said on Thursday, amid media reports two main shareholders have yet to resolve their differences. "Lenders are considering a restructuring plan under the RBI (Reserve Bank of India) framework for the resolution of stressed assets that would ensure long-term viability of the company," SBI said. Jet Chairman Naresh Goyal said in a letter to SBI's chairman that he is willing to invest 7 billion rupees ($98.48 million) in the airline and pledge all his shares but wants to retain a 25 percent stake in the carrier he founded, TV channels reported on Thursday.

  • IANSlast month

    Lenders considering restructuring plan for Jet Airways: SBI

    New Delhi, Jan 17 (IANS) The State Bank of India (SBI) on Thursday said that lenders to the financially stressed Jet Airways are in talks for a restructuring plan to ensure long term viability of the airline. The state owned bank is part of the group of lenders to the airline and its statement comes after the airline on Wednesday said that a resolution plan to infuse capital and reduce debt was under active consideration. "SBI would like to state that lenders are considering a restructuring plan under the RBI framework for resolution of stressed assets that would ensure a long term viability of the company," a spokesperson with the bank said.

  • IANSlast month

    Jet's resolution plan under active consideration, scrip falls over 7%

    Mumbai, Jan 16 (IANS) Financially stressed Jet Airways on Wednesday said that a resolution plan to infuse capital and reduce debt of the company is under active consideration. The revelation comes after reports suggested that a rescue deal has been sealed between the cash-strapped airline and its partner, Etihad Airways.

  • IANSlast month

    SBI to sell Rs 15,431-cr loan exposure in Essar Steel

    Mumbai, Jan 16 (IANS) In a surprise move, State Bank of India (SBI) on Wednesday put its entire loan exposure of Rs 15,431.44 crore in bankrupt Essar Steel on sale even though the prolonged insolvency case had neared resolution last October. The price is set on the basis of the net present value (NPV) of the minimum recovery discounted at 18 per cent with a time factor of one year. And, the minimum recovery to SBI as per the approved resolution plan of ArcelorMittal subsidiary ArcelorMittal India Private Ltd (AMIPL) is Rs 11,313.42 crore.

  • Reuterslast month

    Jet Airways says discussing SBI resolution plan with shareholders

    Beleaguered Indian carrier Jet Airways Ltd said on Wednesday it was discussing with shareholders about a resolution plan with State Bank of India. The plan contemplates options on the debt-equity mix, ...

  • Reuters2 months ago

    Jet Airways, bankers to meet airline's vendors, lessors to discuss debt plan - sources

    India's debt-laden Jet Airways (JET.NS) is close to reaching a deal with State Bank of India (SBI.NS) for a fresh loan of 15 billion rupees ($215 million) to meet its working capital needs, two sources aware of the matter told Reuters. The airline has scheduled a meeting on Jan. 8 with its vendors and lessors, many of whom are getting increasingly concerned over non-payment of dues, and officials from State Bank of India (SBI) to discuss the debt restructuring plan, the first source with direct knowledge said. The bankers are being called to the meeting to reassure the creditors, some of whom are expected to come to India from overseas, that Jet is working toward securing funding and has a repayment plan which it will share with them, said the first source.

  • Reuters2 months ago

    Jet Airways defaults on debt payment to banks, shares drop

    The payment of interest and principal instalment was delayed "due to temporary cash flow mismatch", Jet said in a statement, adding that it was in talks with the consortium led by State Bank of India. ICRA cut Jet's long- and short-term ratings on Wednesday, citing the payment delays.

  • Reuters5 months ago

    State Bank of India says Anshula Kant appointed MD

    Top lender State Bank of India said on Friday that the government had appointed Anshula Kant as the bank's managing director. Kant will remain in the position until the date of her superannuation on Sept. ...

  • Can These Factors Give You An Edge In State Bank of India (NSE:SBIN)?
    Simply Wall St.8 months ago

    Can These Factors Give You An Edge In State Bank of India (NSE:SBIN)?

    Post-GFC recovery has driven major financial institutions’ return to health, increasing market confidence in these “too-big-to-fail” banks. As a large-cap stock with market capitalization of ₹2.43t, State Bank of IndiaRead More...

  • Should You Buy State Bank of India (NSE:SBIN) Now?
    Simply Wall St.8 months ago

    Should You Buy State Bank of India (NSE:SBIN) Now?

    State Bank of India (NSE:SBIN) saw a decent share price growth in the teens level on the NSEI over the last few months. With many analysts covering the large-cap stock,Read More...

  • Can State Bank of India (NSE:SBIN) Survive The Next Financial Crisis?
    Simply Wall St.8 months ago

    Can State Bank of India (NSE:SBIN) Survive The Next Financial Crisis?

    As a large-cap stock with market capitalization of ₹2.57T, State Bank of India (NSEI:SBIN) is classified as a major bank. As these large financial institutions revert back to health afterRead More...