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SBI Cards And Payment Services Plans To Issue NCDs Worth 5 Bln Rupees
State Bank Of India Exec Says Maintains Credit Growth Target Of 12% For FY20
State Bank Of India Sept-Qtr Profit Rises
State Bank of India provides a range of products and services to personal, commercial enterprises, large corporates, public bodies and institutional customers. Its segments include Treasury, which includes the entire investment portfolio and trading in foreign exchange contracts and derivative contracts; Corporate/Wholesale Banking, which comprises the lending activities of Corporate Accounts Group, Mid Corporate Accounts Group and Stressed Assets Management Group; Retail Banking, which comprises branches in National Banking Group, which primarily includes Personal Banking activities, including lending activities to corporate customers having banking relations with branches in the National Banking Group, and Other Banking Business, which includes the operations of all the Non-Banking Subsidiaries/Joint Ventures other than SBI Life Insurance Co. Ltd. and SBI General Insurance Co. Ltd. The Company had approximately 22,500 branches and 58,000 ATMs.
State Bank Bhavan, Madame Cama Road
Executive Chairman of the Board
Chief Financial Officer, Deputy Managing Director
Sanjay M. Abhyankar
Vice President, Compliance Officer, Company Secretary
Chief Risk Officer, Deputy Managing Director
Managing Director, Commercial Clients Group & IT, Executive Director
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State Bank of India (SBI) reported a three-fold jump in quarterly profit and beat market expectations on Friday as asset quality at the country's largest lender improved, sending shares up more than 7%.
Indian shares eked out minor gains on Friday ahead of a local holiday, as a rally in State Bank of India (SBI) after it posted strong quarterly profit helped indexes stay in positive region.
State Bank of India, the country's largest lender by assets, reported a three-fold jump in quarterly profit on Friday, buoyed by a 34.84 billion rupee ($491.15 million) gain from selling a portion of its life insurance unit.
SBI Card & Payments Services Ltd, the credit card subsidiary of State Bank of India (SBI) <SBI.NS>, plans to raise about 80 billion Indian rupees ($1.12 billion) via an initial public offering this year, a senior SBI executive involved in the process said.
State Bank of India (SBI) , the country's largest lender by assets, on Wednesday cut its benchmark lending rates by 15 basis points across all tenors, shortly after the central bank slashed interest rates by a larger-than-expected 35 bps to boost the economy.
The State Bank of India has invited bids for overseas oil and gas assets of Videocon Industries Ltd, a newspaper advertisement showed on Monday, as India seeks to recover billions of dollars in loans from the beleaguered private firm.
* SBI shares down 2.7% after results (Adds details from call, executive comments)
State Bank of India (SBI) on Friday reported a profit for the first-quarter, compared with a loss a year earlier, as India's largest lender by assets earned more interest income, while provisions for bad loans dropped.
State Bank of India (SBI) <SBI.NS> has tightened lending terms dramatically for auto dealerships, according to a source and an internal memo seen by Reuters, seeking to reduce its exposure to risk from a sector in the midst of a sharp downturn.
State Bank of India (SBI) said on Thursday it was "very closely" monitoring its exposure to the country's shadow banks, amid concerns of distress in the sector.
A unit of State Bank of India, which is overseeing the bidding process for Jet Airways Ltd, said on Friday it had received a sealed bid from Etihad Airways, and it would submit the bid to lenders of the ailing carrier for examination.
A unit of State Bank of India , which is overseeing the bidding process for Jet Airways Ltd, said on Friday it had received a sealed bid from Etihad Airways, and it would submit the bid to lenders of the ailing carrier for examination.
State Bank of India (SBI) said on Friday it has received two unsolicited bids for ailing Jet Airways, nearly a month after the airline was forced to ground all operations due to funding troubles.
* Gross NPA eases 118 bps QoQ (Adds operational metrics, shares)
State Bank of India (SBI) reported a profit for the fourth quarter, compared with a record loss a year ago, as the country's largest lender benefited from better asset quality and higher income from its retail banking business.
Bankruptcy is the "last option" for Jet Airways, State Bank of India's (SBI) chairman said on Wednesday, adding that it might still be possible to draft in a new investor to keep the airline flying.
A consortium of lenders led by the State Bank of India (SBI) should reach a final resolution plan to rescue embattled Jet Airways in the next one week, an SBI official said on Friday.
State Bank of India said on Friday it would link savings bank deposits and short term loans to the repo rate of the Reserve Bank of India from May.
State Bank of India (SBI) confirmed on Friday it had reported fraud totalling 79.51 billion rupees ($1.12 billion) during the first nine months of this financial year.
State Bank of India (SBI) said on Friday it had reported frauds amounting 79.51 billion rupees ($1.12 billion) during the first nine months of fiscal 2019, mainly due to frauds declared in some large-value accounts.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.