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

SBI.BO on Bombay Stock Exchange

2,421.55INR
11 Jul 2014
Price Change (% chg)

Rs-126.30 (-4.96%)
Prev Close
Rs2,547.85
Open
Rs2,538.00
Day's High
Rs2,542.00
Day's Low
Rs2,410.00
Volume
480,620
Avg. Vol
327,476
52-wk High
Rs2,833.85
52-wk Low
Rs1,452.90

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Latest Key Developments (Source: Significant Developments)

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 Signs MoU With Banco Bilbao Vizcaya Argentaria S.A.-Business Standard
Tuesday, 24 Sep 2013 11:08am EDT 

Business Standard reported that State Bank Of India has signed an agreement with Spain-based bank Banco Bilbao Vizcaya Argentaria, SA (BBVA), to support business operations of clients of both the banks. The MoU covers investment banking products, such as transaction banking, trade finance, ECA finance, bonds, FX and derivatives.  Full Article

State Bank Of India Announces Management Change
Wednesday, 7 Aug 2013 07:43am EDT 

State Bank Of India announced that consequent upon the appointment of Smt. Arundhati Bhattacharya as Managing Director of the Bank, as advised in Company's letter dated August 03, 2013, it has now been decided to designate Smt. Bhattacharya, as the Managing Director and Chief Financial Officer (CFO), vice Shri Diwakar Gupta (who has since retired on superannuation).  Full Article

State Bank Of India Announces Appointment Of Managing Director
Saturday, 3 Aug 2013 04:46am EDT 

State Bank Of India announced that in exercise of the powers conferred by clause (b) of Section (19) and sub-section (1) of section 20 of the State Bank of India Act, 1955 (23 of 1955), the Central Government, after consultation with Reserve Bank of India, has appointed Smt. Arundhati Bhattacharya, as Managing Director, State Bank of India from the date (August 02, 2013) of taking over charge of the post and upto March 31, 2016 that is the date of her attaining the age of superannuation or until further orders, whichever is earlier.  Full Article

State Bank Of India Launches State Bank Xpress Money Prepaid Card With Uae Exchange-Business Standard
Monday, 8 Jul 2013 06:13am EDT 

Business Standard reported that State Bank Of India launched State Bank Xpress Money Card a co-branded prepaid card that can be loaded up to INR5 million with UAE Exchange and Financial Services, for loading inward remittances received under money transfer service scheme (MTSS) of Reserve Bank of India (RBI), on VISA network.  Full Article

AMW Ties Up With State Bank Of India For Vehicle Finance-Business Line
Sunday, 16 Jun 2013 08:00pm EDT 

Business Line reported that Commercial vehicle maker AMW Motors Ltd said it has tied up with State Bank of India for financing sales of its entire range of vehicles. The national level tie-up through SBI network of over 13,000 branches will provide a big fillip for AMW vehicles, the Company said in a statement. As per the agreement, SBI would offer competitive rates of interest to customers on fully built vehicles, chassis as well as body-building, he added.  Full Article

State Bank Of India Signs MOU With Spanish Bank-Business Standard
Friday, 24 May 2013 11:08am EDT 

Business Standard reported that State Bank Of India has signed an agreement with Spain-based bank Banco Bilbao Vizcaya Argentaria, SA (BBVA), to support business operations of clients of both the banks. The MoU covers a wide range of investment banking products, such as transaction banking, trade finance, ECA finance, bonds, FX and derivatives, the statement said.  Full Article

State Bank Of India Declares Dividend
Thursday, 23 May 2013 03:34am EDT 

State Bank Of India announced that the Central Board at its meeting held on May 23, 2013 has declared a Dividend of INR41.50 per share (415%) for the accounting year ended March 31 2013.  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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