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State Bank of India (SBI.BO)

SBI.BO on Bombay Stock Exchange

318.60INR
2:20am EST
Change (% chg)

Rs0.60 (+0.19%)
Prev Close
Rs318.00
Open
Rs317.80
Day's High
Rs322.45
Day's Low
Rs316.10
Volume
1,448,829
Avg. Vol
1,618,052
52-wk High
Rs351.50
52-wk Low
Rs241.25

Latest Key Developments (Source: Significant Developments)

State Bank Of India Announces Tie-Up With Transfast Remittance LLC
Monday, 15 Jan 2018 05:34am EST 

Jan 15 (Reuters) - State Bank Of India ::‍CO TIES UP WITH TRANSFAST REMITTANCE LLC FOR INWARD REMITTANCE FROM USA TO INDIA​.  Full Article

Jayaswal Neco Industries Says SBI Files Insolvency Application Against Co At NCLT
Friday, 12 Jan 2018 07:33am EST 

Jan 12 (Reuters) - Jayaswal Neco Industries Ltd ::SAYS STATE BANK OF INDIA FILES INSOLVENCY APPLICATION AGAINST CO AT NCLT, MUMBAI.  Full Article

State Bank Of India To Consider Issue Of Long-Term Bonds Of 50 Bln Rupees
Tuesday, 9 Jan 2018 03:54am EST 

Jan 9 (Reuters) - State Bank Of India ::SAYS TO CONSIDER ISSUE OF LONG-TERM BONDS OF 50 BILLION RUPEES.SAYS TO CONSIDER APPROVAL FOR BONDS TO FINANCE INFRASTRUCTURE, AFFORDABLE HOUSING IN DOMESTIC AND OVERSEAS MARKET.  Full Article

State Bank Of India Approves Long-Term Fund Raising Up To $2 Bln
Monday, 8 Jan 2018 01:07am EST 

Jan 8 (Reuters) - State Bank Of India ::SAYS APPROVED LONG-TERM FUND RAISING IN SINGLE/MULTIPLE TRANCHES UP TO $2 BILLION.  Full Article

Visa Steel Says Application Filed By SBI With NCLT To Initiate CIRP‍​
Friday, 5 Jan 2018 08:08am EST 

Jan 5 (Reuters) - Visa Steel Ltd ::SAYS APPLICATION FILED BY STATE BANK OF INDIA WITH NCLT, KOLKATA BENCH TO INITIATE CIRP‍​.SAYS CO IN DISCUSSION WITH SBI FOR SETTLEMENT.  Full Article

SBI chairman Rajnish Kumar says Moody's rating upgrade a positive development
Friday, 17 Nov 2017 04:24am EST 

Nov 17 (Reuters) - State Bank of India chairman Rajnish Kumar::Moody's rating upgrade a positive development; great enabling factor for Indian financial markets​.Over a point of time, rating change will reduce borrowing costs of government and financial institutions.Over a point of time, rating change will result in increased investor confidence in india growth and reform story​.  Full Article

Moody's upgrades four Indian financial institutions' ratings to Baa2 from Baa3
Friday, 17 Nov 2017 01:43am EST 

Nov 17 (Reuters) - Moody's -:MOODY'S UPGRADES FOUR INDIAN FINANCIAL INSTITUTIONS' RATINGS‍​.MOODY'S INVESTORS SERVICE HAS UPGRADED THE LONG-TERM RATINGS OF FOUR INDIAN FINANCIAL INSTITUTIONS TO BAA2 FROM BAA3‍​‍​.MOODY'S - UPGRADED THE LONG-TERM RATINGS OF FOUR INDIAN FINANCIAL INSTITUTIONS TO BAA2 FROM BAA3.MOODY'S - FOUR INDIAN BANKS ARE EXIM INDIA, HDFC BANK LIMITED, INDIAN RAILWAY FINANCE CORPORATION LIMITED , STATE BANK OF INDIA.MOODY'S HAS CHANGED TO STABLE FROM POSITIVE THE RATINGS OUTLOOK FOR IRFC; EXIM INDIA AND ITS LONDON BRANCH;.MOODY'S HAS CHANGED TO STABLE FROM POSITIVE OUTLOOK FOR HDFC BANK, ITS BAHRAIN AND HONG KONG BRANCH;SBI, ITS HONG KONG, LONDON, AND NASSAU BRANCHES.  Full Article

SBI says higher provisioning in line with move towards global accounting standards
Friday, 10 Nov 2017 03:14am EST 

Nov 10 (Reuters) - State Bank Of India :Exec says higher provisioning is in line with move towards global accounting standards.Exec says hopefully should be able to stick to our guidance on NPAs at around 500-510 billion rupees by end-March.  Full Article

SBI bankruptcy cases provisioning ratio at over 50 pct as of end-Sept: chairman
Friday, 10 Nov 2017 02:57am EST 

Nov 10 (Reuters) - State Bank Of India :Chairman says bankruptcy cases provisioning ratio is over 50 percent as of end of September.Chairman says corporate credit growth remains muted.Chairman says watchlist for potential default accounts has come down to 210 billion rupees from 240 billion rupees.Exec says in second RBI list for potential bankruptcies, already provided for 75 percent.Exec says most bad loan recoveries coming from retail and SMEs.Exec says NIM should be better going ahead with 10-15 bps improvement, don't expect quantum jump.Exec says number of large accounts going for resolution outside of nclt is very few.  Full Article

State Bank of India Sept qtr standalone profit down about 38 pct
Friday, 10 Nov 2017 02:23am EST 

Nov 10 (Reuters) - State Bank Of India :Sept quarter standalone net profit 15.82 billion rupees versus profit of 25.38 billion rupees year ago.Consensus forecast for sept quarter standalone profit was 26.96 billion rupees.Sept quarter standalone interest earned 548.50 billion rupees versus 424.82 billion rupees year ago.Sept quarter standalone provisions 191.37 billion rupees versus 78.97 billion rupees year ago.Sept quarter standalone provisions for non-performing assets 167.15 billion rupees versus 76.70 billion rupees year ago.Sept quarter standalone gross NPA 9.83 percent versus 9.97 percent previous quarter.Sept quarter standalone net NPA 5.43 percent versus 5.97 percent previous quarter.Says exceptional item in quarter of 54.36 billion rupees‍​.Says exceptional item in quarter on sale of pattial investment in unit SBI Life Insurance Co Ltd‍​.  Full Article

BRIEF-State Bank Of India Announces Tie-Up With Transfast Remittance LLC

* ‍CO TIES UP WITH TRANSFAST REMITTANCE LLC FOR INWARD REMITTANCE FROM USA TO INDIA​ Source text: State Bank of India (SBI) – the largest commercial bank in India – announced tie-up with Transfast Remittance LLC - the USA based payment network since 25 years with a network that covers over 6 billion people across 120+ countries – for inward remittance from the USA to India. Transfast enjoys a leadership position in the cross border payments industry and offers competitive pricing, fast transfer