SBIN.NS - State Bank of India

NSE - NSE Real Time Price. Currency in INR
273.30
+0.70 (+0.26%)
At close: 3:30PM IST
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Previous close272.60
Open273.20
Bid0.00 x 0
Ask0.00 x 0
Day's range271.10 - 274.75
52-week range232.35 - 351.30
Volume14,002,946
Avg. volume19,890,059
Market cap2.439T
Beta1.80
PE ratio (TTM)27,330.00
EPS (TTM)0.01
Earnings date9 Aug 2018 - 13 Aug 2018
Forward dividend & yield2.60 (1.11%)
Ex-dividend date2017-05-26
1y target est334.24
  • Can State Bank of India (NSE:SBIN) Survive The Next Financial Crisis?
    Simply Wall St.7 days 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...

  • SBI shares continue to gain, up nearly 4%
    Moneycontrol29 days ago

    SBI shares continue to gain, up nearly 4%

    Shares of State Bank of India (SBI) extended its gaining streak for the second straight session today, rising nearly 4 percent, amid positive guidance by the company.

  • Reuters29 days ago

    State Bank of India jumps to 12-week high on recovery forecast

    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 sees rebound after record $1.1 billion fourth-quarter loss
    Reuters29 days ago

    State Bank of India sees rebound after record $1.1 billion fourth-quarter loss

    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.

  • SBI to sell 3-5% stake in general insurance JV in FY19
    Moneycontrollast month

    SBI to sell 3-5% stake in general insurance JV in FY19

    The general insurance company is a joint venture between SBI and Australia's IAG

  • Record $1 Billion Loss Signals `Happy Year' for India's SBI
    Bloomberglast month

    Record $1 Billion Loss Signals `Happy Year' for India's SBI

    State Bank of India, the country’s largest lender by assets, joined its private peers in shrugging off losses as investors believe the lenders have finally got a handle on bad loans. A similar contrarian market reaction was seen after No. 2 private lender ICICI Bank Ltd. and smaller rival Axis Bank Ltd. reported poorer-than-expected earnings. “The fact that State Bank has booked the losses like Axis Bank is heartening for investors,” Gopal Sharma, head of institutional sales at Inventure Growth & Securities Ltd., said by phone.

  • SBI, lenders to meet this week to discuss recast of distressed power plants; aim to restructure debt worth Rs 1.77 lakh cr
    Firstpost2 months ago

    SBI, lenders to meet this week to discuss recast of distressed power plants; aim to restructure debt worth Rs 1.77 lakh cr

    The country's largest lender SBI is reportedly preparing a debt restructuring and take over for stressed power assets in order to attract new owners

  • Cash crunch: SBI doubting 'genuity' of problem is illogical; the currency shortage is not a made-up story
    Firstpost2 months ago

    Cash crunch: SBI doubting 'genuity' of problem is illogical; the currency shortage is not a made-up story

    SBI's stand on the cash crunch disregards ground realities. The bank's economists are probably playing to the government's tune.

  • SBI customers can withdraw cash at 4.78 lakh PoS machines
    Moneycontrol2 months ago

    SBI customers can withdraw cash at 4.78 lakh PoS machines

    At present, 4.78 lakh of the total 6.08 lakh PoS machines are enabled to dispense cash to bank customers free of charge.

  • Buy State Bank of India; target of Rs 414: Edelweiss
    Moneycontrol3 months ago

    Buy State Bank of India; target of Rs 414: Edelweiss

    Edelweiss is bullish on State Bank of India has recommended Buy rating on the stock with a target price of Rs 414 in its research report dated March 19, 2018.

  • IANS3 months ago

    Merger led to higher account closure this year: SBI

    New Delhi, March 15 (IANS) The country's largest public sector bank State Bank of India (SBI) on Thursday clarified that the number of accounts closed in the bank is higher this year due to the merger and it has nothing to do with maintenance of minimum balance. "Customers who are not able to maintain average monthly balance have the option to get their Regular Savings Bank accounts converted to BSBD accounts free of charge. Effective April 1, 2018, the service charges for non-maintenance of average monthly balance have been reduced by 75 per cent which has been very well appreciated by customers of the bank," it added.

  • Reuters4 months ago

    BRIEF-SBI Hong Kong Says Co Does Not Have Exposure Against Corporates/Banks Based On LoUs By PNB, Brady House Branch

    March 5 (Reuters) - Punjab National Bank: * SBI HONG KONG SAYS DOES NOT HAVE ANY EXPOSURE AGAINST ANY CORPORATES/BANKS BASED UPON LOUS/LCS ISSUED BY PNB, BRADY HOUSE BRANCH * SBI HONG KONG BRANCH DOES ...

  • $3.6 Billion in Hidden Bad Loans Spotlight India Bank Stress
    Bloomberg4 months ago

    $3.6 Billion in Hidden Bad Loans Spotlight India Bank Stress

    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 ...

  • IANS5 months ago

    Largest union in SBI welcomes mega recruitment of freshers

    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 Seeks Unit Sale to Bolster Capital
    Bloomberg5 months ago

    Bank of Baroda Seeks Unit Sale to Bolster Capital

    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.

  • IANS7 months ago

    SBI to launch YONO lifestyle-cum-banking app, portal

    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.

  • Reuters7 months ago

    Top lender SBI's results signal Indian banks' record bad loans peaking

    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.

  • Reuters7 months ago

    State Bank of India eyes profitable expansion outside home

    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.

  • IANS8 months ago

    SBI-World Bank sanction Rs 2,300 cr loans for rooftop solar projects

    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.

  • New Chief of India's Biggest Bank Faces Mounting Bad Debts
    Bloomberg9 months ago

    New Chief of India's Biggest Bank Faces Mounting Bad Debts

    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.