Edition:
United States

State Bank of India (SBI.BO)

SBI.BO on Bombay Stock Exchange

268.50INR
23 Mar 2017
Change (% chg)

-- (--)
Prev Close
Rs268.50
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
1,912,251
52-wk High
Rs288.50
52-wk Low
Rs166.60

Latest Key Developments (Source: Significant Developments)

State Bank of India signs $274 mln deal with German Development Bank KfW
Friday, 10 Mar 2017 04:43am EST 

State Bank of India : Says SBI signs $274 million agreement with German Development Bank KfW to finance affordable housing . Says promotional loan has a maturity of 15 years.  Full Article

State Bank of India Dec-qtr standalone profit more than doubles
Friday, 10 Feb 2017 02:32am EST 

State Bank of India : Dec quarter standalone net profit 26.10 billion rupees . Consensus forecast for Dec quarter standalone profit was 24.64 billion rupees . Dec quarter standalone interest earned 439.26 billion rupees . Dec quarter standalone provisions 89.43 billion rupees . Dec quarter standalone gross NPA 7.23 percent versus 7.14 percent previous quarter . Dec quarter standalone net NPA 4.24 percent versus 4.19 percent previous quarter . Says provision coverage ratio as on Dec 2016 was 62.87 percent .Net profit in Dec quarter last year was 11.15 billion rupees; interest earned was INR 406.44 billion;provisions was INR 79.49 billion.  Full Article

State Bank of India to issue shares to govt on preferential basis
Thursday, 19 Jan 2017 02:07am EST 

State Bank Of India : State Bank of India to issue shares to government on preferential basis .The alert was first sourced from TV and was later confirmed from a company press release at the National Stock Exchange.  Full Article

State Bank of India to waive MDR charges on debit card transactions for small merchants
Monday, 9 Jan 2017 07:00am EST 

State Bank of India : To waive MDR charges on debit card transactions for all small merchants having annual turnover of up to 2 million rupees up to 31-12-2017. Further company coverage: [SBI.NS] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

ANG Industries in talks to monetise certain assets to reduce debt
Friday, 30 Dec 2016 08:18am EST 

ANG Industries Ltd : says unit in question is an export unit and after the proposed sale the company shall be left with 2 other units situated in Sitarganj (Uttrakhand) and SEZ Noida UP . says co, bankers in talks in various joint lender forum meetings to monetise certain assets to reduce debt . clarifies on news item "SBI plans to sell manufacturing plants of ang industries limited" . SBI on behalf of the banks have given mandate to sbi capital markets to find a potential buyer based on Swiss challenge method .any asset sale by company is subject to all the bankers agreeing and hence EOI was taken out to start the process by SBI caps.  Full Article

State Bank of India approves divestment of stake in SBI Life Insurance
Friday, 9 Dec 2016 06:25am EST 

State Bank Of India : Says divestment of stake .Says approved divestment of equity shares constituting 3.9% stake in SBI Life Insurance Company at a price of INR 460 per share.  Full Article

State Bank of India ties up with VST Tillers & Tractors for financing farm machinery
Tuesday, 6 Dec 2016 06:23am EST 

State Bank Of India : Says an MoU was signed between SBI and VST Tillers Tractors Limited , Bangalore (Karnataka) for financing of farm mechanization products . Says SBI ties up with VST Tillers & Tractors Ltd For financing farm machinery .Says bank will offer loans to farmers for buying machines like tractors, power tillers, power seeders and reapers.  Full Article

State Bank of India Sept-qtr profit down about 35 pct
Friday, 11 Nov 2016 02:15am EST 

State Bank of India : Sept-quarter standalone net profit 25.38 billion rupees versus profit of 38.79 billion rupees year ago . Sept-quarter standalone interest earned 423.19 billion rupees versus 406.58 billion rupees year ago . Sept-quarter standalone provisions 78.97 billion rupees versus 43.61 billion rupees year ago . Sept-quarter standalone gross NPA 7.14 percent versus 6.94 percent previous quarter . Sept-quarter standalone net NPA 4.19 percent versus 4.05 percent previous quarter . Consensus forecast for Sept-quarter standalone profit was 25.33 billion rupees .Provision coverage ratio as on Sept 2016 was 62.12 percent.  Full Article

SBI says LIC cuts stake in co by 2.01 percent between Nov 5, 2014 to Sept 28, 2016
Friday, 30 Sep 2016 06:45am EDT 

State Bank Of India :LIC cuts stake in co by 2.01 percent to 10.435 percent between Nov 5, 2014 to Sept 28, 2016.  Full Article

India cenbank identifies SBI, ICICI Bank as domestic key banks in 2016
Thursday, 25 Aug 2016 07:02am EDT 

Reserve Bank of India: RBI identifies SBI and ICICI Bank as D-SIBs in 2016 . Retained SBI and ICICI Bank's bucketing structure as it was last year . Framework also requires D-SIBs to be placed in four buckets depending upon their systemic importance scores . Additional CET1 requirement for the 2 banks has already been phased-in from April 1, 2016 and would become fully effective from April 1, 2019 . Additional CET1 requirement will be in addition to the capital conservation buffer. .  Full Article

More From Around the Web

BRIEF-Rashtriya Chemicals & Fertilizers issues commercial paper for 1.50 bln rupees in favour of State Bank of India

* Says issued commercial paper for 1.50 billion rupees in favour of State Bank of India Source text: http://bit.ly/2o8jqTP Further company coverage: