Key Developments: State Bank of India (SBI.BO)

SBI.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

State Bank Of India partners with Ezetap Mobile Solutions-Business Standard
Wednesday, 11 Jun 2014 06:44am EDT 

State Bank Of India:Has partnered with payments service provider, Ezetap Mobile Solutions, to deploy mobile point-of-sale (mPOS) solution-Business Standard.  Full Article

State Bank Of India declares dividend
Friday, 23 May 2014 03:24am EDT 

State Bank Of India:Declares dividend of 30 Indian Rupee per share (300 pct) for accounting year ended March 31.Dividend so declared includes interim dividend, already declared, at rate of 15 Indian Rupee per equity share of 10 Indian Rupee each (i.e. 150 pct) and paid on April 02.Date of final payment of dividend is fixed as June 19.  Full Article

State Bank Of India to raise up to $1 billion-Business Standard
Thursday, 10 Apr 2014 05:54am EDT 

State Bank Of India:Has hit the overseas bond market with a dual tranche issue of 5-year and 10-year maturity to raise up to $1-billion-Business Standard.The bank has given an initial pricing of 240 bps over the US treasury for the 5-year money and 265 bps over the treasury for the 10-year bond.The bank could not be immediately contacted for comments.  Full Article

State Bank Of India announces appointment of statutory central auditors
Wednesday, 26 Mar 2014 03:51am EDT 

State Bank Of India:Approved appointment of the 14 statutory central auditors for the year 2013-14.  Full Article

State Bank Of India board declares interim dividend
Monday, 3 Mar 2014 09:51am EST 

State Bank Of India:Declared an interim dividend at the rate of 15 Indian rupee per equity share of 10 Indian rupee each (i.e. 150 pct) for FY 2013-14.Payment date April 2.  Full Article

State Bank Of India raises $1.28 bln via share sale - Reuters
Thursday, 30 Jan 2014 12:05pm EST 

State Bank Of India:Says it has raised 80.32 billion rupees ($1.28 billion) through a sale of shares to institutional investors to boost its capital requirements - Reuters.Says the proceeds from the share sale will increase the overall capital adequacy ratio of the state-run bank to 12.81 percent and tier one capital adequacy ratio to over 9.67 percent.SBI launched the share offering on Jan 28 in the indicative price band of 1,565-1,596 rupees a share to raise as much as $1.5 billion.The bank sold 51.3 million shares in the offering at the lower end of the range.  Full Article

State Bank Of India launches up to $1.5 bln share sale-Reuters
Tuesday, 28 Jan 2014 08:22am EST 

State Bank Of India:Launches a share sale to raise up to $1.5 billion that will be used to boost its domestic and overseas banking operations-Reuters.The bank is selling shares to institutional investors in the price band of 1,565 Indian Rupees to 1,596 Indian Rupees a share.  Full Article

State Bank Of India announces issue and allotment of shares
Thursday, 2 Jan 2014 07:02am EST 

State Bank Of India:Says issuance and allotment of 1,12,18,685 equity shares, ranking pari-passu with the existing equity shares of the Bank in all respect, including dividend, at an issue price of 1782.74 Rupee per share face value 10 Rupee each, at a premium of 1772.74 Rupee, to the Government of India.Says allotment of Basel III compliant Tier 2 bonds of 2000 Rupee crores, issued for 120 months (10 year bullet), at an annually payable coupon of 9.69 pct, by way of private placement.  Full Article

State Bank Of India announces preferential issue of equity shares
Thursday, 12 Dec 2013 08:41am EST 

State Bank Of India:Approves to fix the issue price at 1782.74 Indian Rupees per share of face value of 10 Indian Rupees, including a premium of 1772.74 Indian Rupees per share.To issue 11,218,685 equity shares, ranking pari-passu with the existing equity shares of the bank in all respects, on preferential basis to Gol, for a consideration of 19,999,998,496.90 Indian Rupees.  Full Article

GoI approves capital raising of State Bank Of India
Monday, 9 Dec 2013 06:22am EST 

State Bank Of India:Says the Government of India (GoI), has accorded its approval to raise Indian Rupees 95.76 billion of equity during the financial year 2013-2014 from the market by way of qualified institution placement (QIP).As per law with the condition that the Gol holding shall not come down below 58 pct.  Full Article

India's SBI says merger of units not under active consideration

MUMBAI, June 11 - State Bank of India (SBI) , the country's largest lender, said on Wednesday that a plan to merge associate banks with itself was not under active consideration and the state-owned bank could examine the option later.

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