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State Bank of India (SBI.BO)

SBI.BO on Bombay Stock Exchange

261.90INR
22 Sep 2017
Change (% chg)

Rs-6.60 (-2.46%)
Prev Close
Rs268.50
Open
Rs267.05
Day's High
Rs267.45
Day's Low
Rs261.20
Volume
966,177
Avg. Vol
1,214,993
52-wk High
Rs315.00
52-wk Low
Rs231.00

Latest Key Developments (Source: Significant Developments)

State Bank of India, FTSE Russell announce launch of FTSE SBI bond index series at London Stock Exchange
Friday, 22 Sep 2017 04:03am EDT 

Sept 22 (Reuters) - State Bank Of India :Says co, FTSE Russell announce launch of FTSE SBI bond index series at London Stock Exchange.  Full Article

‍SBI Life Insurance​ allots 31.8 mln shares to 69 anchor investors
Wednesday, 20 Sep 2017 02:28am EDT 

Sept 20 (Reuters) - ‍SBI Life Insurance​::SBI Life Insurance Co Ltd finalized allocation of 31.8 million equity shares at INR 700 per equity share to 69 anchor investors.  Full Article

SAIL signS facility agreement with State Bank of India for availing of $350 mln ECB
Thursday, 14 Sep 2017 12:03am EDT 

Sept 14 (Reuters) - Steel Authority Of India Ltd :Says signed facility agreement on Sept 11 with State Bank of India for availing of $350 million ECB.  Full Article

SBI Life Insurance Co IPO bid offer will open on Sept 20, close on Sept 22
Tuesday, 12 Sep 2017 09:48am EDT 

Sept 12 (Reuters) - State Bank of India: :IPO bid offer will open on Sept 20 and close on Sept 22.  Full Article

State Bank of India not looking at a lending rate cut at this point-exec
Friday, 11 Aug 2017 06:28am EDT 

Aug 11 (Reuters) - State Bank Of India :Exec says considering taking a number of smaller cases to NCLT.Exec says don't think we are looking at cutting lending rates at this point.  Full Article

State Bank of India says has exposure of 502.47 bln rupees in 12 bankruptcy accounts
Friday, 11 Aug 2017 04:38am EDT 

Aug 11 (Reuters) - State Bank Of India :Says has outstanding exposure of 502.47 billion rupees in 12 insolvency bankruptcy accounts.Says total provision held for the 12 accounts at 199.43 billion rupees, need 85.71 billion rupees more provisioning in 2017/18.  Full Article

State Bank of India sees credit growth of 6 pct - 8 pct for FY18
Friday, 11 Aug 2017 04:21am EDT 

Aug 11 (Reuters) - State Bank of India :Says agri, sme and retail advances growth expected to stabilise from q2fy18, led by retail segment.State bank of India - recoveries to pick up in remaining quarters as slippages in retail segment are pulled back.Expect credit growth of 6.0% - 8.0% for fy18.Credit cost to trend lower from 2.90% in fy17 and 2.48% in q1fy18; and likely to end below 2.25% for fy18.State bank of India - corporate slippages to remain largely confined to the watch-list.State bank of India - slippage ratio to decline from 5.78% in fy17 and 5.38% in q1fy18 to below 3.3% for fy18e.  Full Article

State Bank of India says Q1 profit increases over five-fold for merged entity‍​
Friday, 11 Aug 2017 04:11am EDT 

Aug 11 (Reuters) - State Bank of India :Says Q1 net profit up 436 percent to 20.06 billion rupees for merged entity ‍​.Says Q1 net interest income for merged entity down 3.51 percent to 176.06 billion rupees‍​.Says gross NPAs for merged entity increased from 1.38 trln rupees as on June 2016 to 1.88 trln rupees as on June 2017.Says net interest margin (domestic) for merged entity declined by 54 bps yoy to 2.50 percent as on June 2017.  Full Article

State Bank of India June-qtr profit down 20 pct
Friday, 11 Aug 2017 03:41am EDT 

Aug 11 (Reuters) - State Bank of India :June quarter net profit 20.06 billion rupees.Consensus forecast for June quarter standalone profit was 30.29 billion rupees.June quarter standalone interest earned 549.05 billion rupees versus 417.19 billion rupees year ago.June quarter standalone provisions 89.29 billion rupees versus 74.13 billion rupees year ago.June quarter standalone provisions for NPAs 121.25 billion rupees versus 63.40 billion rupees year ago.June quarter standalone gross NPA 9.97 percent versus 6.90 percent previous quarter.June quarter standalone net NPA 5.97 percent versus 3.71 percent previous quarter.The profit alert was first sourced from TV and later confirmed from a company press release at the National Stock Exchange.  Full Article

SBI exec says there won't be much impact of rate cut as far as savings account balances are concerned
Monday, 31 Jul 2017 03:24am EDT 

July 31 (Reuters) - State Bank of India managing director Rajnish Kumar and CFO Anshula Kant on a conference call::About 40 percent of the demonetisation inflows are left with the bank.Choice before SBI was to either raise MCLR or reduce deposit rates.90 percent of savings accounts below 10 million rupees deposits.Don't expect savings bank rate cut will lead to faster outflow of deposits.There will not be much impact of rate cut as far as savings account balances are concerned.Heavy liquidity and muted credit growth another reason for cut in savings bank deposit rates.Total savings deposits as on date are 9.4 trln rupees.During demonetisation 1.5 trln rupees had flown into savings accounts during Nov-Dec 2016.Don't expect CASA ratio to go down significantly."We would like to see further interest rate cuts to boost growth"."Corporate credit growth is very very weak".  Full Article

BRIEF-State Bank of India, FTSE Russell announce launch of FTSE SBI bond index series at London Stock Exchange

* Says co, FTSE Russell announce launch of FTSE SBI bond index series at London Stock Exchange Source text - [SBI Launches FTSE SBI Bond Index Series in London Mumbai, September 22, 2017: State Bank of India, India’s largest bank and FTSE Russell, the global index and data provider are proud to announce the launch of FTSE SBI Bond Index Series at London Stock Exchange today. The Index Series provides Global Investor community and other market participants the tools they need to analyse India’s b