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State Bank of India (SBI.BO)

SBI.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

State Bank Of India Sells 4.40 Pct Stake ‍In Clearing Corp Of India
Friday, 16 Mar 2018 06:24am EDT 

March 16 (Reuters) - State Bank Of India ::SOLD 4.40 PERCENT STAKE ‍IN CLEARING CORPORATION OF INDIA LIMITED​.SAYS POST TRANSACTION, SBI HOLDS 16.8 PERCENT STAKE IN CCIL WHILE UNIT SBI DFHI HOLDS ANOTHER 4.5 PERCENT.  Full Article

India Cenbank Imposes Monetary Penalty Of 4 Mln Rupees On State Bank Of India
Wednesday, 7 Mar 2018 07:02am EST 

March 7 (Reuters) - Reserve Bank Of India::IMPOSES MONETARY PENALTY ON STATE BANK OF INDIA.IMPOSED MONETARY PENALTY ON SBI FOR NON-COMPLIANCE WITH DIRECTIONS ISSUED BY RBI ON DETECTION AND IMPOUNDING OF COUNTERFEIT NOTES.IMPOSED A MONETARY PENALTY OF 4 MILLION RUPEES ON SBI ON MARCH 1.  Full Article

SBI And Tez By Google To Focus On Driving Adoption Of Digital Payments
Tuesday, 27 Feb 2018 02:33am EST 

Feb 27 (Reuters) - State Bank of India ::SBI AND TEZ BY GOOGLE TO FOCUS ON DRIVING ADOPTION OF DIGITAL PAYMENTS AND GROWING DIGITAL PAYMENTS ECOSYSTEM.  Full Article

India's SBI sees stressed assets portfolio falling
Friday, 9 Feb 2018 08:00am EST 

Feb 9 (Reuters) - State Bank Of India Chairman Rajnish Kumar On A Conference Call After Q3 Results::ONE MAJOR FACTOR FOR Q3 LOSS IS HARDENING OF BOND YIELDS.GROWTH IN RETAIL LOANS CONTINUES TO BE ROBUST.SLIPPAGE IN Q3 258.36 BILLION RUPEES.Q3 IS DISAPPOINTING BUT GOING FORWARD THERE IS A LOT OF OPTIMISM.BAD LOAN ADDITIONS HAVE DEFINITELY PEAKED.90 PERCENT OF THE BAD LOAN ADDITIONS IN Q3 WERE FROM WATCH LIST.WATCH LIST FOR POTENTIAL TROUBLED LOANS AT 108.34 BILLION RUPEES AS ON DATE.HAS LOAN EXPOSURE OF 780 BILLION RUPEES TO BORROWERS ORDERED BY CENTRAL BANKS FOR BANKRUPTCY PROCEEDINGS.EXPECT RESOLUTIONS BY APRIL FOR BORROWERS IN CENTRAL BANK'S FIRST LIST FOR BANKRUPTCY PROCEEDINGS, HAS EXPOSURE OF 440 BILLION RUPEES TO THOSE COS.HAS PROVIDED FOR ALMOST 60 PERCENT FOR BORROWERS IN BANKRUPTCY COURT.STRESSED ASSETS PORTFOLIO IS CONSISTENTLY COMING DOWN AND WILL COME DOWN FURTHER.14 PERCENT OF LOANS ARE ON BASE RATE, DOESN'T EXPECT SIGNIFICANT IMPACT FROM POSSIBLE RBI RULE CHANGE.EXPECTS INTEREST INCOME TO IMPROVE, LOOKING AT BETTER MARGINS IN FY19.  Full Article

State Bank Of India Posts Dec Qtr Standalone Net Loss
Friday, 9 Feb 2018 07:21am EST 

Feb 9 (Reuters) - State Bank Of India ::DEC QUARTER STANDALONE NET LOSS 24.16 BILLION RUPEES.DEC QUARTER STANDALONE INTEREST EARNED 548.03 BILLION RUPEES.DEC QUARTER STANDALONE PROVISIONS & CONTINGENCIES 188.76 BILLION RUPEES.DEC QUARTER STANDALONE PROVISIONS FOR NPAS 177.60 BILLION RUPEES.DEC QUARTER STANDALONE GROSS NPA 10.35 PERCENT VERSUS 9.83 PERCENT PREVIOUS QUARTER.DEC QUARTER STANDALONE NET NPA 5.61 PERCENT VERSUS 5.43 PERCENT PREVIOUS QUARTER.CONSENSUS FORECAST FOR DEC QUARTER STANDALONE PROFIT WAS 20.67 BILLION RUPEES.  Full Article

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

BRIEF-India's SBI Says Providing Cash Withdrawal Through Point Of Sale Machines Without Any Charges

* SAYS PROVIDING CASH WITHDRAWAL THROUGH POINT OF SALE MACHINES WITHOUT ANY CHARGES TO BANK CUSTOMERS Source text for Eikon: [To reach out and facilitate maximum number of people looking for convenient cash withdrawal, State Bank of India, country's largest lender is also providing facilities of cash through 'Cash@POS' initiative. Debit card holders of SBI and all other banks can withdraw cash from PoS machines installed by SBI across various merchant locations. As per the RBI guidelines custome