State Bank of India (SBI.BO) Key Developments | Reuters.com
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State Bank of India (SBI.BO)

SBI.BO on Bombay Stock Exchange

211.25INR
24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

SBI and American Express enter alliance to expand AMEX card acceptance in India
Wednesday, 15 Jun 2016 05:47am EDT 

State Bank of India : Sbi and American Express enter into an alliance to expand amex card acceptance in India . Under online payment partnership deal, co to have ability to offer American Express card acceptance for online payments to merchants in India .  Full Article

SBI and MasterCard announce pilot launch of distribution alliance with Centrum
Tuesday, 14 Jun 2016 07:31am EDT 

State Bank of India: State Bank MasterCard Foreign Travel Card announces distribution alliance with Centrum .  Full Article

SBI and Caixabank sign MOU
Friday, 10 Jun 2016 02:25am EDT 

State Bank of India: Sbi- Caixabank of Spain signs mou with State Bank of India . Sbi - to expand banks' guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local enterprises .  Full Article

India's SBI says has $4.68 bln worth loans under watch on top of already stressed loans
Friday, 27 May 2016 06:55am EDT 

State Bank Of India : Exec says entire impact of RBI's asset quality review has been taken . Exec says AQR impact in March quarter is about 90 billion rupees . Exec says most stress on the bank's book has been recognised . Exec says set aside 33 billion rupees as floating provisions for special watch accounts . Exec says have been cautious in growing SME loan book . Exec says sees 13-14 percent loan growth in FY17 . Exec says 313.52 billion rupees ($4.68 billion) worth of loans on the watch list . Exec says no new SDR case in pipeline . Exec says sees NIM little under pressure in FY17 . Exec says should be able to add 80-85 bps to capital after property revaluation Further company coverage: [SBI.NS] ($1 = 67.0250 Indian rupees) (Reporting By Devidutta Tripathy and Supriyo Hazra) ((swati.bhat@thomsonreuters.com;)).  Full Article

State Bank of India March-qtr profit down about 66 pct
Friday, 27 May 2016 03:33am EDT 

State Bank of India : Says March-quarter standalone net profit 12.64 billion rupees . Says March-quarter standalone interest earned 428.31 billion rupees . Says March-quarter standalone provisions 131.74 billion rupees . Says March-quarter standalone gross NPA 6.50 percent versus 5.10 percent previous quarter . Says March-quarter standalone net NPA 3.81 percent versus 2.89 percent previous quarter . Consensus forecast for March-quarter net profit was 19.17 billion rupees . Declared dividend of 2.60 rupees per share . March-quarter last year standalone net profit was 37.42 billion rupees,interest earned 401.01 billion rupees . Says provision coverage ratio as on March 31, 2016 60.69 percent .  Full Article

State Bank of Travancore gets approval to enter into talks to be acquired by SBI
Tuesday, 17 May 2016 08:15am EDT 

State Bank of Travancore : In-principle approval of board to enter into negotiations to be acquired by SBI .  Full Article

State Bank Of Mysore gets approval to enter into talks for acquisition of co by SBI
Tuesday, 17 May 2016 08:10am EDT 

State Bank of Mysore : Board approves acquisition of the business including assets and liabilities of State Bank of Mysore by State Bank of India .  Full Article

State Bank of Bikaner and Jaipur gets approval to enter into talks to be acquired by SBI
Tuesday, 17 May 2016 07:58am EDT 

State Bank of Bikaner and Jaipur : In-principle approval of board to enter into talks with SBI for acquisition of business of co by SBI .  Full Article

Banks' Employees' Union says employees of SBI's associate banks to observe protest strike on May 20
Tuesday, 17 May 2016 01:05am EDT 

State Bank of India : Banks' Employees' Union - Employees of all 5 associate banks of SBI will observe protest strike on 20th May, 2016.  Full Article

State Bank Of India says Notice of Strike By AIBOC
Friday, 26 Feb 2016 08:41am EST 

State Bank Of India:State Bank of India has informed BSE that Regulation about the Notice of Strike by AIBOC.  Full Article

UPDATE 2-India approves SBI takeover of units - govt official

NEW DELHI, June 15 Prime Minister Narendra Modi's cabinet approved on Wednesday State Bank of India's (SBI) takeover of several subsidiaries, a government official said, in a first move to consolidate the country's struggling public sector banks.