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State Bank of India (SBI.BO)

SBI.BO on Bombay Stock Exchange

30 Sep 2016
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Rs3.55 (+1.44%)
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Latest Key Developments (Source: Significant Developments)

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

State Bank Of India - All India Bank Employees' Association calls for one-day strike on January 8 - The Economic Times
Tuesday, 5 Jan 2016 10:48pm EST 

State Bank Of India:All India Bank Employees' Association (AIBEA) has called for a one-day nation-wide strike on January 8 to protest against the "unfair" policies adopted by SBI with respect to its five associate banks - Economic Times.The country's largest lender has five subsidiaries - State Bank of Bikaner and Jaipur, State Bank of Travancore, State Bank of Mysore, State Bank of Hyderabad and State Bank of Patiala - Economic Times."The agitation is because of the continued unfair labour practises of the SBI management who are trying to force SBI service conditions on the associate banks," AIBEA said in a statement - Economic Times.The union is against imposition of SBI's service conditions and career progression rules in associate banks - Economic Times.They have also demanded de-linking the associate banks from SBI - Economic Times."The bilateral meeting that was subsequently held with the union was futile and the management continued with their adamant stand on the issues. Hence, we are going on with the strike," it added - Economic Times.  Full Article

State Bank Of India - Bank officers stage dharna (peaceful demonstration) - The Hindu
Saturday, 5 Dec 2015 07:00pm EST 

State Bank Of India:The All India Bank Officers’ Confederation held a dharna (peaceful demonstration) in front of the State Bank of India office on the Shanmugham Road in Kochi on Saturday evening in the run up to the all-India bank strike on December 11, said a press release here - The Hindu.The bank officers are demanding, among other things, that the government abandon plans to privatise public sector banks, including the Industrial Development Bank of India- The Hindu.  Full Article

Hong Kong fines State Bank of India for anti money-laundering lapses - Reuters
Thursday, 30 Jul 2015 08:00pm EDT 

State Bank Of India:Says Hong Kong central bank has fined State Bank of India's Hong Kong branch HK$7.5 million ($1 million) for breaching the city's anti money-laundering and counter terrorism financing rules - Reuters.The fine marks the first time the Hong Kong Monetary Authority (HKMA) has taken disciplinary action under Hong Kong's Anti Money-Laundering Ordinance brought into force in 2012.Says HKMA said between April 2012 & Nov.2013 SBI's Hong Kong failed to perform a series of key anti money-laundering checks, including doing due diligence on 28 corporate customers, monitoring existing business relationships, and verifying whether its customers were politically exposed persons.  Full Article

BRIEF-State Bank of India sets overnight MCLR at 8.80 pct

* State Bank of India sets overnight MCLR at 8.80 percent effective Oct. 1 Source text: (http://bit.ly/2dbWgw7) Further company coverage: (Bengaluru newsroom)