State Bank of India (SBIN)

State Bank of India to Set Up Green Cells - 03 May, 2024

As part of the Enhanced Access and Service Excellence (EASE) reform version 7.0, PSBs will establish specialised green cells that focus on raising green funds and increasing their lending portfolios. State Bank of India has approached RBI seeking relaxation in CRR requirement for green deposits.

SBI Seeks Approval to Sell Debt; Sanctions Loans for Solar Projects - 02 May, 2024

State Bank of India seeks RBI approval to sell Jaiprakash Associates' debt worth Rs 18,000 crore to NARCL. SBI also sanctions and disburses a 20-year project loan facility to Avaada Energy for two solar projects in Gujarat. Additionally, SBI is in talks to lead a consortium of lenders to provide loans worth $1.80 billion to Vodafone Idea.

SBI Shares Rise Amidst Market Gains and Analyst Advice - 30 Apr, 2024

Shares of State Bank of India hit a new 52-week high amidst market gains and punters piling on shares ahead of JP Morgan Bond Index inclusion. However, Anand Rathi advises investors to consider booking profits due to a potential reversal.

SBI Partners with HCLSoftware for Digital Revamp; Hits Fresh 52-Week High - 29 Apr, 2024

State Bank of India (SBI) hit a fresh 52-week high and gained over 1% after getting the government's approval to divest its entire 25.02% stake in Yes Bank. SBI also partnered with HCLSoftware to digitally revamp its customer interaction framework. The bank's stock drove the Bank Nifty index 2.4% higher.

SBI gains despite NCLAT ruling on ITPCL liquidation value - 28 Apr, 2024

The National Company Law Appellate Tribunal (NCLAT) dismissed State Bank of India's (SBI) opposition to the liquidation value of IL&FS Tamil Nadu Power Company Ltd. Despite this, SBI emerged as one of the biggest gainers in the stock market last week.

SBI Partners with HCLSoftware; Paytm Expedites Integration with SBI - 27 Apr, 2024

State Bank of India (SBI) partners with HCLSoftware to improve customer engagement precision and relevance. Meanwhile, Paytm has expedited its integration with SBI after NPCI's approval to onboard OCL as a third-party application provider.

SBI Partners with HCLSoftware for Digital Transformation Program - 26 Apr, 2024

State Bank of India partners with HCLSoftware for its five-year digital transformation program using the HCL Unica platform. The stock shows positive momentum with a potential upside of 6.89%, while the chairman emphasizes the need for three strong telecom companies.

SBI Shares Hit Record High Amid Gains - 25 Apr, 2024

State Bank of India (SBI) shares have gained over the past few sessions, hitting a new record high of Rs 805.95. Analysts predict strong Q4 results and steady asset quality outlook for PSU banks like SBI. The stock is trading at a multiple of 1.7x price-to-book.

SBI Chief Expresses Concerns Over Asset Quality; FSIB Recommends New MD - 24 Apr, 2024

State Bank of India's chairman expressed concerns over asset quality on unsecured books. Meanwhile, Financial Services Institutions Bureau recommended Rana Ashutosh Kumar Singh for the position of Managing Director in SBI.

Mixed Day for State Bank of India - 23 Apr, 2024

State Bank of India gained for a third straight session, while its subsidiary SBI Card introduced a new travel-centric credit card. However, an SBI branch was ordered to pay compensation for a wrongful transfer, and news about an SBI Probationary Officer's dedication made headlines.

SBI-Led Consortium Appeals Against Jet Airways Ownership Transfer - 22 Apr, 2024

The State Bank of India-led consortium has appealed against the National Company Law Appellate Tribunal's order that upheld the transfer of ownership of grounded Jet Airways to Jalan Kalrock Consortium. Additionally, SBI may exit Yes Bank if the transaction goes through.

State Bank of India Stock Down for Fifth Straight Session - 19 Apr, 2024

State Bank of India stock is down 0.18% to Rs 743.45, while Nifty Bank index has increased around 2.02% in the last month and is currently quoting at 47069.45, up 0.37% on the day.

SBI Enables Online Recharge of NCMC Cards via Bharat BillPay Platform - 18 Apr, 2024

State Bank of India has enabled customers to recharge/top-up their SBI National Common Mobility Cards (NCMC) online through the Bharat BillPay platform, avoiding long queues and ensuring a hassle-free experience. The service is currently available for Noida Metro, Nagpur Metro, MMRDA Line 2A & 7, Chennai Metro, Kanpur Metro, and Parliament Canteen via SBI Unipay, and more platforms will go live soon.

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.