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State Bank of India (SBI.BO)

SBI.BO on Bombay Stock Exchange

288.85INR
23 Jun 2017
Change (% chg)

Rs-5.70 (-1.94%)
Prev Close
Rs294.55
Open
Rs294.65
Day's High
Rs295.30
Day's Low
Rs287.80
Volume
765,354
Avg. Vol
1,769,998
52-wk High
Rs315.00
52-wk Low
Rs202.55

Latest Key Developments (Source: Significant Developments)

State Bank of India says LIC raises stake in co to 10.42 pct
Friday, 16 Jun 2017 02:43am EDT 

June 16 (Reuters) - State Bank of India :Says LIC raises stake in co by 2.34 percent to 10.42 percent.  Full Article

State Bank of India says concluded QIP of 150 bln rupees
Friday, 9 Jun 2017 02:08am EDT 

June 9 (Reuters) - State Bank of India :Says State Bank of India has concluded QIP of INR 150 billion which was launched on 5th June 2017.Says QIP book was oversubscribed and demand exceeded INR 270 billion.Says issue was priced at top end at INR 287.25/ share.Says QIP book saw strong demand from long only FIIs of over INR 80 billion.Says QIP will result in issue of approximately 522.1 million new shares.Says post the issue GOI shareholding in the merged entity will be at 57.07 percent.  Full Article

India's Mawana Sugars says entered into one time settlement with State Bank of India
Friday, 2 Jun 2017 07:29am EDT 

June 2 (Reuters) - Mawana Sugars Ltd :Says agreed to enter into one time settlement with State Bank of India in respect of borrowings from State Bank of Hyderabad.Says to settle debt of State Bank of Hyderabad for a consolidated agreed amount of INR 432.1 million.  Full Article

State Bank of India expects 2017/18 credit costs to remain "elevated"
Friday, 19 May 2017 07:13am EDT 

May 19 (Reuters) - India's State Bank Of India :Exec says entire corporate book of subsidiary banks has been fully aligned with the main bank.Exec says sees slightly elevated credit costs in 2017/18.Exec says credit costs in 2018/19 should definitely be "much much better".Exec says bad loan additions definitely slowing.Exec says should be able to keep a stable outlook on net interest margins.Exec says 65 percent of demonetisation deposits remain in the system.  Full Article

State Bank of India March-qtr profit more than doubles
Friday, 19 May 2017 02:47am EDT 

May 19 (Reuters) - State Bank of India :March quarter standalone net profit 28.15 billion rupees .Consensus forecast for March quarter standalone profit was 28.33 billion rupees.March quarter standalone interest earned 473.93 billion rupees.March quarter standalone provisions 117.40 billion rupees.Declared dividend of 2.60 rupees per share.March quarter standalone gross NPA 6.90 percent versus 7.23 percent previous quarter.March quarter standalone net NPA 3.71 percent versus 4.24 percent previous quarter.Net profit in March quarter last year was INR 12.64 billion; interest earned was INR 429.42 billion; provisions was INR 131.74 billion.Says provision coverage ratio as on Mar 31, 2017 was 65.95 percent.The profit 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 seeks bids from investment banks to manage planned share sale
Tuesday, 9 May 2017 04:33am EDT 

May 9 (Reuters) - State Bank Of India :Seeks bids from investment banks to manage planned QIP/FPO.Says to select and appoint up to 6 merchant bankers for QIP/FPO.Says last date of submission of bids by merchant bankers for managing QIP/FPO is May 22.  Full Article

State Bank of India cuts home loan rate by 25 BPS
Monday, 8 May 2017 04:55am EDT 

May 8 (Reuters) - State Bank Of India :Says SBI reduces home loan rate by 25 BPS.Says SBI home loan reduce from 8.60% to 8.35%.Says SBI has announced rate cut in home loans by 25 basis points to 8.35% per annum.Says new rate will be effective from may 9th, 2017..Says interest rates for customers availing a home loan above Rs. 30 lacs have also been reduced.Eligible home loan customer can also avail of an interest subsidy of INR 267,000 under Pradhan Mantri Awas Yojana Scheme.Says SBI has also come out with special offerings for construction finance to builders for affordable housing projects.  Full Article

SBI Life Insurance Q4 profit rises 31 pct
Wednesday, 3 May 2017 06:16am EDT 

May 3 (Reuters) - SBI Life Insurance::SBI Life net profit grew by 31% to INR 3.36 billion in Q4 of FY 16-17.Says new business premium for FY 16-17 grew by 43% to 101.44 billion rupees.Total assets under management (AUM) has grown by 22% to INR 977.37 billion as on 31 march 2017, from INR 798.28 billion as on 31 march 2016.  Full Article

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

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BRIEF-State Bank of India to allot 522.2 mln shares at 287.25 rupees per share

* Says allotment of equity shares of face value of Re 1 each under qualified institutions placement