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State Bank of India (SBI.NS)

SBI.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

State Bank Of India Q2 Fresh Slippages 107.25 Bln Rupees
Monday, 5 Nov 2018 05:16am EST 

Nov 5 (Reuters) - State Bank of India ::SAYS HIGHER CREDIT GROWTH AND LOWER SLIPPAGES LEAD TO IMPROVEMENT IN NIM IN QUARTER.SAYS IN QUARTER, DECLINE IN SLIPPAGE RATIO WAS BY 159 BPS YOY.SAYS ON TRACK TO MEET SLIPPAGE RATIO AND CREDIT COST GUIDANCE FOR FY19E & FY20E.SAYS Q2 FRESH SLIPPAGES 107.25 BILLION RUPEES.  Full Article

State Bank Of India Sept-Qtr Profit Falls
Monday, 5 Nov 2018 04:54am EST 

Nov 5 (Reuters) - State Bank of India ::SEPT QUARTER STANDALONE NET PROFIT 9.45 BILLION RUPEES VERSUS PROFIT OF 15.82 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR SEPT QUARTER NET PROFIT WAS 5.65 BILLION RUPEES.SEPT QUARTER STANDALONE INTEREST EARNED 587.93 BILLION RUPEES VERSUS 548.50 BILLION RUPEES LAST YEAR.SEPT QUARTER STANDALONE PROVISIONS AND CONTINGENCIES 120.92 BILLION RUPEES VERSUS 191.37 BILLION RUPEES LAST YEAR.SEPT QUARTER STANDALONE PROVISIONS FOR NPAS 101.85 BILLION RUPEES VERSUS 167.15 BILLION RUPEES LAST YEAR.SEPT QUARTER STANDALONE GROSS NPA 9.95 PERCENT VERSUS 10.69 PERCENT PREVIOUS QUARTER.SEPT QUARTER STANDALONE NET NPA 4.84 PERCENT VERSUS 5.29 PERCENT PREVIOUS QUARTER.SAYS PROVISION COVERAGE RATIO AS ON SEPT 30 WAS 70.74 PERCENT.MONITORING DEVELOPMENTS IN CERTAIN GROUP IN INFRASTRUCTURE SECTOR TO SEE IF CERTAIN ASSETS WILL TURN STRESSED.  Full Article

Fitch Says Rates State Bank Of India's $650 Mln Green Bonds 'BBB-'
Thursday, 20 Sep 2018 05:50am EDT 

Sept 20 (Reuters) - State Bank of India ::FITCH SAYS RATES STATE BANK OF INDIA'S USD650 MILLION GREEN BONDS 'BBB-'.  Full Article

State Bank Of India Withdraws Sale Process Of Essar Steel India's Debt
Friday, 7 Sep 2018 07:33am EDT 

Sept 7 (Reuters) - State Bank Of India ::IN VIEW OF NCLAT ORDER, SBI WITHDRAWS PROCESS OF SALE OF DEBT OF ESSAR STEEL INDIA AND WILL PROCEED AS PER ORDER OF NCLAT.  Full Article

State Bank Of India Exec Says Co Sees 10 Pct Credit Growth In FY19
Tuesday, 22 May 2018 06:00am EDT 

May 22 (Reuters) - State Bank of India chairman Rajnish Kumar and Managing Director Dinesh Kumar Khara::EXEC SAYS NPA RECOGNITION HAS BEEN COMPLETED.EXEC SAYS FULLY COMPLIED WITH RBI FEB 12 CIRCULAR.EXEC SAYS OUT OF DOMESTIC LOAN BOOK, 57 PERCENT IS RETAIL.EXEC SAYS CO DOESN'T EXPECT ENTIRE WATCH LIST TO SLIP TO NPA.EXEC SAYS CO SEES CREDIT GROWTH OF 12 PERCENT CAGR BY FY20.EXEC SAYS CO TARGETS GNPA RATIO OF LESS THAN 6 PERCENT BY MARCH 2020.EXEC SAYS CO TO SHIFT ALL SMA2 ACCOUNTS TO STRESSED ASSETS RESOLUTION GROUP.EXEC SAYS 56.62 BIN RUPEES OF SLIPPAGES IN Q4 DUE TO FEB RBI CIRCULAR.EXEC SAYS CO SEES 10 PERCENT CREDIT GROWTH IN FY19.SBI EXEC SAYS CO LOOKING AT A PARTNER FOR SBICAPS, LOOKING AT IT AS A PURE INVESTMENT BANK AFTER MOVING PROJECT ADVISORY FUNCTION TO SBI.EXEC SAYS MAY LOOK TO LIST SBI GENERAL THIS FY, CREDIT CARD BUSINESS NEXT FY.SBI MD KHARA SAYS CO WILL LOOK AT SELLING A SMALL STAKE IN SBI GENERAL THIS FY; IPO PROBABLY NEXT FY.  Full Article

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