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

SBI.BO on Bombay Stock Exchange

275.65INR
24 Apr 2015
Change (% chg)

Rs-1.60 (-0.58%)
Prev Close
Rs277.25
Open
Rs279.00
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Rs279.35
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Rs274.35
Volume
965,244
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Rs335.90
52-wk Low
Rs203.54

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Latest Key Developments (Source: Significant Developments)

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

State Bank Of India to raise up to $1.5 bln via share sale-Reuters
Monday, 2 Dec 2013 12:33am EST 

State Bank Of India:Will raise up to 95.76 bln Indian Rupees ($1.53 bln) through a share sale to institutional investors or a follow-on public offer, it said in a statement late on friday-Reuters.It plans to raise another 20 billion Indian Rupees through sale of shares to the government on a preferential basis.  Full Article

State Bank Of India Announces Designation Of Chief Financial Officer
Thursday, 10 Oct 2013 03:40am EDT 

State Bank of India announced that it has been decided to designate Shri Rajendra Kumar Saraf as the Deputy Managing Director and Chief Financial Officer (CFO) of the Bank.  Full Article

Arundhati Bhattacharya Takes Charge At State Bank Of India - Business Standard
Monday, 7 Oct 2013 12:00pm EDT 

Business Standard reported that Arundhati Bhattacharya, has become the first woman to head the State Bank of India. The government, on October 7, 2013 announced the appointment of Bhattacharya for three years, a week after the retirement of Pratip Chaudhuri as the Chairman.  Full Article

State Bank of India's up to $2.4 bln share sale likely in June - sources

MUMBAI, April 24 - State Bank of India's plan to raise up to 150 billion rupees ($2.4 billion) via a share sale will now likely take place in June instead of April due to a fall in the lender's stock price, three sources directly involved in the process told Reuters.

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