|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||286.95 - 290.85|
|52-week range||232.00 - 334.80|
|Beta (3Y monthly)||1.67|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
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. ...
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...
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...
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...
Top brokerages welcomed SBI's move to clean up its accounts, recognising large part of its stressed assets that forced the Mumbai-based lender to report a quarterly loss of 77.18 billion rupees ($1.13 billion), the second highest in the country's banking industry. SBI added 336.7 billion rupees of non-performing loans in the March quarter, taking its total to 2.23 trillion rupees, or 10.91 percent of total loans. Deutsche Bank said it sees better future for SBI and expects core business trends to improve consistently from here on.
State Bank of India (SBI) projected a recovery over the next two years after a record 77.18 billion-rupee ($1.13 billion) fourth-quarter net loss following stricter central bank rules around bad loans, sending its shares to a nearly six-week closing high. This year is a year of hope, and next year will be a year of happiness," Chairman Rajnish Kumar, who was named to his position last October, told a news conference at the bank's headquarters after the results. The lender which accounts for more than a fifth of India's banking assets said it aims to grow loans at an annual average of 12 percent through March 2020, nearly halve its gross non-performing loan ratio, bring down provisioning costs and improve margins.