State Bank of India Share Price (SBIN)

SBI Receives $1 Billion Credit Line from World Bank for Green Energy Transition - 17 Apr, 2024

State Bank of India receives a $1 billion line of credit from the World Bank to support BESS and electric mobility. Paytm integrates with SBI, Axis Bank, HDFC Bank, and YES Bank on TPAP platform. SBI releases charges for NEFT and RTGS transactions.

State Bank of India Faces Insolvency Cases Dismissal; S&P Forecasts Stable Asset Quality - 16 Apr, 2024

The National Company Law Tribunal has dismissed two separate insolvency cases filed against RInfra's subsidiary, Mumbai Metro One, providing relief to the company. Meanwhile, S&P Global Ratings predicts that State Bank of India's weak loans will remain stable at 2.5-3% of total loans over the next 12-18 months.

SBI's Senior Citizen Deposits Increase; Approaches RBI to Cap NBFC Lender Base. - 15 Apr, 2024

State Bank of India reports an increase in senior citizen deposits and approaches RBI to limit NBFC lender base. Experts predict lower fresh slippage ratios for PSBs than private banks in FY25. Electoral bonds can be purchased anonymously through SBI.

SBI Proposes Cap on NBFC Lender Base - 13 Apr, 2024

State Bank of India has approached the Reserve Bank of India to put a cap on non-banking financial companies (NBFCs) lender base, proposing that a consortium of lenders can be formed to take common lending decisions for large-sized NBFCs. SBI believes that a large number of lenders dilutes the ability to monitor NBFCs loan books significantly.

SBI to Invest in Vodafone Idea FPO, Directed to Refund Cybercrime Victim - 12 Apr, 2024

State Bank of India (SBI) is set to invest up to $300 million in Vodafone Idea's upcoming follow-on public offer (FPO), while also being directed by a Hyderabad commission to refund ₹6.14 lakh lost by an elderly customer to cybercriminals.

SBI Faces Criticism Over Electoral Bond Disclosure Refusal - 11 Apr, 2024

The State Bank of India (SBI) has faced criticism for its refusal to disclose details of electoral bonds under the Right to Information (RTI) Act. Despite a Supreme Court directive, the bank has cited exemptions under the RTI Act, claiming that the information is held in a fiduciary capacity and involves personal data.

SBI Extends Deadline for Special FD Scheme - 10 Apr, 2024

State Bank of India extends the deadline for its SBI WeCare special FD scheme to safeguard older adults' incomes by providing additional interest. Analysts predict mid-single-digit growth in net interest income (NII) and margin compression for the banking sector. SBI plans to launch YONO 2.0 soon.

SBI Reports Strong Financials and Plans for Upgraded App - 09 Apr, 2024

State Bank of India has reported a strong YoY return and Total Income growth in Q3FY24. The bank's super app, YONO, is set to launch an upgraded version, YONO 2.0, offering convenience and hyper-personalization.

SBI Expects Growth in Investment Cycle and GDP - 08 Apr, 2024

State Bank of India (SBI) is extending its Amrit Kalash special FD scheme and introducing a new Green Rupee Term Deposit. SBI Chairman Dinesh Khara expects the corporate investment cycle to pick up, with GDP growth of almost 8% in 2024-25. He also hopes to exceed FY24 credit growth guidance and maintain NIM at the current level.

State Bank of India Aims to Surpass ₹1-lakh Crore Operating Profit Milestone by FY25 - 07 Apr, 2024

State Bank of India has set a target to surpass the operating profit milestone of ₹1-lakh crore in FY25, with projections for domestic deposits and advances growth at 14% and 14.65%, respectively. The bank aims to keep gross non-performing assets (GNPAs) and net NPAs below 2% and 0.60%, respectively.

SBI Plans Customer Service Monitoring; Shares Give 76X Returns - 06 Apr, 2024

State Bank of India is planning various initiatives to improve customer service, including monitoring through incognito visits, building a KYC management system, developing a centralised calling facility, and digitising the deceased claim settlement process. Meanwhile, SBI shares have given 76X returns over three decades.

SBI Sees Interest from Investors, Increases Deposit Rate - 05 Apr, 2024

State Bank of India sees interest from long-term investors and attracts attention from FIIs due to undervaluation compared to private banks. The bank has increased its term deposit rate and issued a security warning to customers. SBI Chairman Dinesh Khara suggests that the LCR framework review could address liquidity mismatches.

SBI Moves Tribunal for Insolvency Proceedings Against JAL - 04 Apr, 2024

State Bank of India has moved the tribunal for insolvency proceedings against JAL, which is yet to be ruled on. Meanwhile, lending by IFSC banks to Indian customers has crossed USD 50 billion.

Mixed News for State Bank of India Stock - 02 Apr, 2024

State Bank of India (SBI) is facing mixed news as a research report suggests that rate cuts are unlikely in the upcoming RBI Monetary Policy Committee meeting, while a family discovered forgotten SBI shares worth Rs. 500 bought in 1994, now valued at Rs. 3.75 lakh. However, SBI refused to disclose its standard operating procedure for the sale and redemption of electoral bonds citing commercial confidence exemption.

SBI Announces Revised Charges for Debit Cards and Hires New Executives - 01 Apr, 2024

State Bank of India has revised its annual maintenance charges for debit cards and suspended certain credit cards from accruing reward points on rent payment transactions. Additionally, Modulus Alternatives has hired three former SBI executives. SBI also entered into an agreement with Apollo Micro Systems.

State Bank of India Share Price Gains 137% Over Five Years - 30 Mar, 2024

State Bank of India's share price has increased by 137% over the last five years, with a 17% increase in the last quarter. The company became profitable during this period, and its EPS grew by 40% per year. TSR for the last five years was 148%, which exceeds the share price return due to dividend payments.

SBI Stock Rises 25% on Consistent Asset Quality and Lower Credit Costs - 29 Mar, 2024

State Bank of India's stock has risen by around 25%, from ₹605 to ₹753 apiece level, due to the bank's consistency in maintaining healthy asset quality, lower credit costs sequentially, and impressive liability franchise alongside no stress on deposit mobilization. The outlook for SBI shares remains positive.

SBI Increases Debit Card Fees, Shares Rise on RBI Rule Relaxation - 28 Mar, 2024

State Bank of India is set to increase annual maintenance fees for various debit card categories by Rs 75 starting April 1. Meanwhile, shares of SBI and other banks rose up to 4% following the RBI's relaxation of rules regarding investments in Alternative Investment Funds.

SBI Receives Ratings Maintenance; Announces Changes in Debit & Credit Card Policies - 27 Mar, 2024

State Bank of India receives rating maintenance from HSBC and Nomura. SBI will revise annual maintenance charges for certain debit cards and make changes to its credit card reward points policy effective from April 1, 2024.

SBI Shares Register Nearly 46% Jump in One Year - 26 Mar, 2024

State Bank of India (SBI) shares have seen a parabolic rally, registering nearly a 46% jump during the last one-year period as against the Nifty Banks more than 18% gain. SBI's chairman Dinesh Kumar Khara's optimism has divided Dalal Street into two camps.