|Bid||276.05 x 0|
|Ask||0.00 x 0|
|Day's range||272.50 - 277.20|
|52-week range||241.15 - 351.30|
|PE ratio (TTM)||27,605.00|
|Forward dividend & yield||2.60 (0.85%)|
|1y target est||357.17|
India’s regulator unearthed about $3.6 billion of bad loans in the books of the country’s biggest bank, amplifying questions about distress in the financial sector given underreporting by some rivals as ...
Chennai, Jan 22 (IANS) The All India State Bank of India Staff Federation (AISBISF), the largest staff union in the State Bank of India (SBI), has welcomed the bank's decision to hire over 9,600 freshers as Junior Associates for Customer Support and Sales, said a top leader. The business is increasing and there is a need for more staff," Sanjeev Kumar Bandlish, General Secretary of AISBISF, told IANS. Bandlish is also the General Secretary of the National Confederation of Bank Employees (NCBE).
Bank of Baroda, India’s third-largest state-run lender, is seeking to sell unit Nainital Bank Ltd. as it sheds non-core assets to bolster its balance sheet, people familiar with the matter said.
New Delhi, Nov 23 (IANS) State Bank of India (SBI) will unveil the country's first integrated lifestyle and banking digital platform on Friday to be launched here by Finance Minister Arun Jaitley, according to a statement from the public sector bank. YONO, the acronym for 'You Only Need One', will be the first digital banking platform to offer customised products and offers from over 60 e-commerce players by leveraging analytics, besides a range of banking and financial services, the SBI release said here. "In addition..., YONO will also allow customers to meet their lifestyle needs across 14 categories including booking and renting cabs, entertainment, dining experience, travel and stay, medical needs and so on," it said.
State Bank of India (SBI) posted quarterly results that indicated the nation's lenders may see a slower build-up of bad loans, but questions remain on how quickly and smoothly they can get rid of $146 billion of such debt that has already piled up. SBI, the nation's top lender with a share of more than fifth of the banking assets, reported on Friday a lower-than-expected profit, but its bad loan additions during the three months to end-September slowed sharply and pushed the overall bad-loan ratio down. Newly appointed SBI Chairman Rajnish Kumar, who took over last month, said they used the cushion from the insurance stake sale to bolster provisions and improve the coverage ratio by 431 basis points in a quarter to 65.1 percent.
State Bank of India (SBI) will open more branches in Nepal and consider options to re-enter Vietnam under a three-year goal to grow its international operations to as much as 15 percent of total business, a senior executive said. India's top lender, with assets of more than $500 billion, was catapulted into the league of the top 50 global banks this year after it merged five subsidiary banks with itself. SBI, which is present in 35 countries but has more than half of its 206 offices in Asia, aims to increase the number of offices in neighbouring Nepal to 100 in the next one year from 88 currently to better tap a market it considers "under-penetrated" for banking, said Siddhartha Sengupta, a deputy managing director who leads the bank's international business.
Mumbai, Oct 30 (IANS) State-run State Bank of India (SBI) on Monday announced the sanction of loans worth Rs 2,317 crore in collaboration with the World Bank to finance grid-connected solar rooftop projects in the country. SBI Chairman Rajnish Kumar told reporters here that it has availed line of credit facilities worth $625 million from World Bank for onward lending to viable solar rooftop projects. "The advantage of giving loan to solar power projects is there is no fuel supply risk unlike other power projects.
Prime Minister Narendra Modi’s government tapped Rajnish Kumar to helm State Bank of India, handing him the task of curtailing a surge in bad debts at the nation’s biggest lender.
New Delhi, June 2 (IANS) The State Bank of India (SBI) on Friday announced the receipt of a World Bank loan for financing 100 MW rooftop solar projects worth $625 million (Rs 400 crore) by private developers. "SBI has availed loan of $625 million from the World Bank for on-lending to viable Grid-Connected Rooftop Solar PV (GRPV) projects undertaken by PV developers/aggregators and end-users, for installation of rooftop solar systems on the rooftops of commercial, institutional and industrial buildings," the SBI and World Bank said here in a joint statement.
State Bank of India, the nation's top lender by assets, expects no nasty surprises on bad loans after merging five subsidiary banks with itself at the weekend in a deal that will help it save costs and gain scale, senior executives said. The government-driven move to merge State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore with SBI, which already owned majority stakes in the units, is seen as the beginning of consolidation in India's public sector banks.
Mumbai, April 1 (IANS) The State Bank of India (SBI), the country's largest lender, started functioning as unified entity from Saturday post merger of its five associate banks, besides Bharatiya Mahila Bank. The five associate banks merged with the SBI are State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore.
Mumbai, March 22 (IANS) The Bharatiya Mahila Bank will be merged with the State Bank of India on April 1, along with five associate banks, the Reserve Bank of India (RBI) said on Wednesday. "All branches of Bharatiya Mahila Bank (BMB) will function as branches of the SBI from April 1. Customers, including depositors of BMB, will be treated as customers of SBI," the RBI said in a statement here.
New Delhi, March 21 (IANS) State Bank of India (SBI), which will see five associate banks merge into it on April 1, has decided to shut down almost half the offices of these banks, including the head offices of three of them. "Out of the five head offices of the associate banks, we will retain only two. Three head offices of the associate banks will be unbound along with 27 zonal offices, 81 regional offices and 11 network offices of the associate banks," SBI Managing Director Dinesh Kumar Khara told IANS in an interview.
State Bank of India , the country's biggest lender by assets, said on Wednesday its board had approved a plan to raise up to 150 billion rupees from capital markets in the next fiscal year starting from ...