Edition:
United States

State Bank of India (SBI.NS)

SBI.NS on National Stock Exchange of India

223.50INR
22 Jul 2016
Change (% chg)

Rs-2.15 (-0.95%)
Prev Close
Rs225.65
Open
Rs225.40
Day's High
Rs225.90
Day's Low
Rs222.10
Volume
12,341,622
Avg. Vol
23,423,961
52-wk High
Rs291.80
52-wk Low
Rs148.25

Latest Key Developments (Source: Significant Developments)

State Bank of India and Brookfield Asset Management announce JV for distress investments
Wednesday, 20 Jul 2016 03:01am EDT 

State Bank of India : SBI and Brookfield Asset Management announce joint venture for distress investments . SBI - Proposed JV will independently evaluate and invest in various stressed assets . SBI - Brookfield will commit approximately 70 billion rupees and SBI up to 5% of total investments into stressed assets . SBI - Proposed JV may, at a later stage, seek participation from other lenders in the identified assets .  Full Article

State Bank Of India says United Forum Of Bank Unions served notice of strike on IBA on July 29
Monday, 18 Jul 2016 05:05am EDT 

State Bank of India : United forum of bank unions served notice of strike on iba; to go on strike at all banks on July 29 . Strike on issue and demand to stop banking sector reform . All India state bank officers' federation and all India State Bank of India staff federation are members of ufbu . It is likely that the bank will be impacted to some extent by the said strike calls .  Full Article

SBI says Delhi high court accepts SBI associate banks' plea to restrain banks' strike on July 12, 13
Monday, 11 Jul 2016 09:15am EDT 

State Bank Of India :SBI says Delhi high court accepts SBI associate banks' plea to restrain banks' strike on 12th and 13th July.  Full Article

State Bank of India sells 5 pct stake in NSE
Friday, 1 Jul 2016 08:44am EDT 

State Bank of India : Co advise having sold 5% stake in National Stock Exchange of India Limited to Veracity Investments Limited for INR 9.11 billion .  Full Article

Reliance Industries says RIL and SBI to set up payment's bank
Friday, 1 Jul 2016 07:28am EDT 

Reliance Industries Ltd : Ril and sbi execute the subscription and shareholders agreement for setting up payment's bank . Payments bank will work towards digitising payments . Agreement signed by ril as promoter with 70 percent equity contribution and sbi as jv partner with 30 percent equity contribution . Payments bank will work towards promoting digital savings and investment products .  Full Article

SBI partners with Flipkart to offer 'pre-approved EMI' for consumers
Friday, 1 Jul 2016 07:26am EDT 

State Bank of India : SBI partners with Flipkart to offer 'pre-approved EMI' for consumers . SBI - SBI will provide overdraft facility to pre-qualified set of customers for transacting on Flipkart for a minimum purchase of 5000 rupees .  Full Article

State Bank Of India approves fund raising of up to US$1,500 mln
Wednesday, 29 Jun 2016 04:00am EDT 

State Bank of India : Approved to raise long term funds up to US$1,500 million via public offer and/or private placement of senior unsecured notes .  Full Article

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