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State Bank of India (SBI.BO)

SBI.BO on Bombay Stock Exchange

272.60INR
22 Feb 2018
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Rs351.50
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Rs241.25

Latest Key Developments (Source: Significant Developments)

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

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

BRIEF-State Bank Of India Approves Issue Price of 300.82 Rupees/Shr For Preferential Issue To India Govt

* SAYS APPROVED ISSUE PRICE ‍AT 300.82 RUPEES PER SHARE FOR PREFERENTIAL ISSUE TO INDIA GOVERNMENT Source text: http://bit.ly/2EN8Z47 Further company coverage: