SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore
6 months, 2 weeks ago

SBI Share price: State Bank of India’s stocks surge to all-time high, market cap crosses ₹8 lakh crore

The Hindu  

The market capitalisation of the State Bank of India crossed the ₹8 lakh crore mark on June 3 after the bank's shares surged to a record high of ₹907. Finance Minister Nirmala Sitharaman has recently posted on social media that India's banking sector has achieved a significant milestone by recording its highest-ever net profit, exceeding ₹3 lakh crore. In the recently released quarterly results, the State Bank of India has reported a standalone net profit of ₹20,698.35 crore, which was 24% year-on-year, on the back of higher interest income and low provisions. The recovery of bad loans and the government's supportive measures have played crucial roles in strengthening the financial stability of banks, contributing to their recent achievements in market capitalization and net profit.

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History of this topic

Indian Q2 growth below expectations, recovery signs emerge: SBI CAPS
2 weeks ago

Indian Q2 growth below expectations, recovery signs emerge: SBI CAPS

Live Mint  

New Delhi: The Indian economy faced a sluggish start to FY25, with Q2 GDP growth falling below expectations due to monsoon disruptions, subdued government spending, weaker urban demand and a slowdown in lending, SBI CAPS said in a report on Monday. “The Q2 GDP slowdown stems from four key factors: monsoon disruptions hitting industry, subdued government spending stalling capex, weakening …

State-run banks to raise nearly Rs 55,000 crore in bond sales for core capital boost
2 weeks, 6 days ago

State-run banks to raise nearly Rs 55,000 crore in bond sales for core capital boost

New Indian Express  

MUMBAI: Public sector banks have chalked out major debt-fund raising plans to the tune of Rs 54,800 crore by selling additional tier-1 and tier-2 bonds in the remainder of the current financial year to shore up their regulatory capital or core capital. So far in FY25, only State Bank of India and Canara Bank have issued AT-1 bonds, raising Rs …

Sbi Share Price Today on 29-11-2024: Sbi share price are down by -0.26%, Nifty up by 0.89%
3 weeks, 3 days ago

Sbi Share Price Today on 29-11-2024: Sbi share price are down by -0.26%, Nifty up by 0.89%

Live Mint  

Sbi Share Price Today on 29-11-2024: At 29 Nov 11:22 today, Sbi shares are trading at price ₹836.55, -0.26% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

HDFC Bank Hits Milestone With Market Cap Surpassing Rs 14 Trillion
3 weeks, 4 days ago

HDFC Bank Hits Milestone With Market Cap Surpassing Rs 14 Trillion

ABP News  

HDFC Bank, India’s largest private sector lender, achieved a significant milestone as its market capitalisation crossed the Rs 14 trillion mark for the first time during Thursday’s intra-day trading on the BSE. The bank's shares soared to a record high of Rs 1,832.75, gaining 1.2 per cent in intra-day trade. Outperforming the Market Over the past six months, HDFC Bank’s …

Nifty PSU Bank index logs 7% gain in 4 sessions; Bank of India and 5 other constituents rise up to 10%
3 weeks, 5 days ago

Nifty PSU Bank index logs 7% gain in 4 sessions; Bank of India and 5 other constituents rise up to 10%

Live Mint  

Shares of Indian PSU lenders have made a strong recovery in recent sessions, reversing the weak performance seen in the first half of the current month. The win has sparked optimism that the central government will prioritise increasing capital expenditure to drive economic growth, especially as current spending lags behind FY2025 budget estimates. Reflecting this optimism, the Nifty PSU Bank …

Sbi Share Price Today on 27-11-2024: Sbi share price are down by -0.63%, Nifty up by 0.02%
3 weeks, 5 days ago

Sbi Share Price Today on 27-11-2024: Sbi share price are down by -0.63%, Nifty up by 0.02%

Live Mint  

Sbi Share Price Today on 27-11-2024: At 27 Nov 11:28 today, Sbi shares are trading at price ₹834.05, -0.63% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Sbi Share Price Today on 25-11-2024: Sbi share price are up by 3.67%, Nifty up by 1.72%
4 weeks ago

Sbi Share Price Today on 25-11-2024: Sbi share price are up by 3.67%, Nifty up by 1.72%

Live Mint  

Sbi Share Price Today on 25-11-2024: At 25 Nov 11:15 today, Sbi shares are trading at price ₹846, 3.67% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here
1 month, 1 week ago

SBI set to borrow $1.25 billion, India’s largest dollar-denominated bank loan in 2024; details here

Live Mint  

The State Bank of India, India's largest public sector bank, is planning to raise up to $1.25 billion, marking the biggest dollar-denominated loan in the country's financial sector. Dollar loan volume declines The report said that despite these loans, India's dollar loan volume has declined 27 per cent to $14.2 billion this year due to the absence of large company …

RBI retains SBI, HDFC, ICICI as India’s too-big-to-fail banks
1 month, 1 week ago

RBI retains SBI, HDFC, ICICI as India’s too-big-to-fail banks

Live Mint  

India’s central bank, the Reserve Bank of India, announced on Wednesday that the State Bank of India, HDFC Bank, and ICICI Bank remain designated as domestic systemically important banks. According to the RBI, SBI and HDFC Bank will face heightened capital buffer requirements beginning April 1, 2025. PSBs vs Private banks Separately, a recent report by SBI highlighted robust financial …

Sbi Share Price Today on 13-11-2024: Sbi share price are down by -2.18%, Nifty down by -1.36%
1 month, 1 week ago

Sbi Share Price Today on 13-11-2024: Sbi share price are down by -2.18%, Nifty down by -1.36%

Live Mint  

Sbi Share Price Today on 13-11-2024: At 13 Nov 16:01 today, Sbi shares are trading at price ₹808.35, -2.18% down from the previous closing price. On the technical front, the stock is trading above the 50,300 days SMA & lower than the 5,10,20,100 day SMA. The stock will have support at 50,300 days SMA & face resistance at 5,10,20,100 days …

PSB’s Record 26% Profit Growth in First Half FY25
1 month, 1 week ago

PSB’s Record 26% Profit Growth in First Half FY25

Deccan Chronicle  

New Delhi: The finance ministry on Tuesday said that public sector banks have shown robust performance in the first half of the current fiscal year with a 26 per cent growth in net profit, increase in business and decline in non-performing assets. During the first six months of FY25, the finance ministry also said that the credit and deposit portfolio …

Sbi Share Price Today on 11-11-2024: Sbi share price are up by 0.54%, Nifty down by -0.03%
1 month, 1 week ago

Sbi Share Price Today on 11-11-2024: Sbi share price are up by 0.54%, Nifty down by -0.03%

Live Mint  

Sbi Share Price Today on 11-11-2024: At 11 Nov 16:00 today, Sbi shares are trading at price ₹847.8, 0.54% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

At India’s largest bank, all eyes on premium customers
1 month, 2 weeks ago

At India’s largest bank, all eyes on premium customers

Live Mint  

Mumbai: State Bank of India may be taking the higher road as it joins the scramble for customer funds without resorting to a rate war, but its outlook signals an extended industry struggle for deposit growth. India’s largest bank on Friday tempered its guidance on deposit growth to 10-11% from 12-13% for 2024-25 as customers might have now found more …

SBI Q2 Results: Net profit rises 28% YoY to ₹18,331.4 crore, NII up 5.37%; 6 key highlights
1 month, 2 weeks ago

SBI Q2 Results: Net profit rises 28% YoY to ₹18,331.4 crore, NII up 5.37%; 6 key highlights

Live Mint  

SBI Q2 Results: Public sector lender State Bank of India on Friday reported a standalone net profit of ₹18,331.44 crore for the quarter ended September 30, 2024, which was up by 27.92% over ₹14,330.02 crore reported by the company in the year-ago period. Net interest income for the quarter ended September, increased by 5.37% year-over-year to reach ₹41,620 crore, up …

Sanofi India Q3 Results Live: Profit Falls by 45.89% YOY
1 month, 2 weeks ago

Sanofi India Q3 Results Live: Profit Falls by 45.89% YOY

Live Mint  

Sanofi India Q3 Results Live : Sanofi India announced its Q3 results on November 7, 2024, revealing a significant decline in both revenue and profit. In comparison to the previous quarter, Sanofi India saw a revenue growth of 13.05%, while profit decreased by 20.35%. As of November 8, 2024, Sanofi India holds a market capitalization of ₹15,103.14 crore, with a …

SBI share price in focus ahead Q2 results today; Should you buy the PSU bank stock?
1 month, 2 weeks ago

SBI share price in focus ahead Q2 results today; Should you buy the PSU bank stock?

Live Mint  

State Bank of India share price traded marginally higher on Friday ahead of its Q2 results today. According to estimates by Axis Securities, SBI is likely to report net profit growth of around 12% at ₹16,074 crore for the quarter ended September 2024 from ₹14,330 crore in the year-ago quarter. Kotak Institutional Equities expects SBI’s operating profit to grow 10% …

SBI net profit zooms 28% on better asset quality, credit growth
1 month, 2 weeks ago

SBI net profit zooms 28% on better asset quality, credit growth

New Indian Express  

MUMBAI: The State Bank of India has reported a 28 percent on-year growth in net profit at Rs 18,331 crore for the quarter to September driven by improved asset quality and higher credit sales. The new chairman CS Setty, who assumed office only last month, said that in the reporting quarter, the bank earned an interest income of Rs 1.14 …

SBI Mutual Fund average AUM surges to record ₹11 lakh crore in Q2, surpassing competitors ICICI and HDFC
1 month, 2 weeks ago

SBI Mutual Fund average AUM surges to record ₹11 lakh crore in Q2, surpassing competitors ICICI and HDFC

Live Mint  

SBI Mutual Fund, the country’s largest asset management company, has achieved a record average asset under management of ₹10.99 lakh crore in the September quarter, according to data from the Association of Mutual Funds in India. Notably, in June 2024, SBI Mutual Fund became the first mutual fund house to surpass the ₹10 lakh crore mark in AAUM. Significant growth …

Private capex to pick up, ₹4 lakh crore credit demand pipeline from India Inc: SBI Chairman
2 months, 4 weeks ago

Private capex to pick up, ₹4 lakh crore credit demand pipeline from India Inc: SBI Chairman

The Hindu  

Setty has said the bank has already got ₹4 lakh crore strong credit pipeline from India Inc and expressed hope that capital expenditure by the private sector is expected to pick up in the second half of the fiscal year. As far as public spending is concerned, Finance Minister Nirmala Sitharaman in the Budget proposed to raise the capital expenditure …

ICICI Bank stock hits record high, market cap crosses ₹9 lakh crore for first time; What’s driving the rally?
3 months ago

ICICI Bank stock hits record high, market cap crosses ₹9 lakh crore for first time; What’s driving the rally?

Live Mint  

Private lender ICICI Bank, on Wednesday, became the fourth Indian company to surpass a market capitalization of ₹9 lakh crore for the first time, following a share price increase of over 30 percent in 2024. On September 18, the stock reached an all-time high of ₹1,295 on the BSE, marking a 2 percent increase from the previous close, with a …

ICICI Bank stock hits record high, market cap crosses ₹9 lakh crore for first time; What's driving the rally?
3 months ago

ICICI Bank stock hits record high, market cap crosses ₹9 lakh crore for first time; What's driving the rally?

Live Mint  

On September 18, ICICI Bank stock reached an all-time high of ₹ 1,295 on the BSE, marking a 2 percent increase from the previous close, with a market capitalization of ₹ 9.1 lakh crore. Private lender ICICI Bank, on Wednesday, became the fourth Indian company to surpass a market capitalization of ₹9 lakh crore for the first time, following a …

State Bank Of India share are down by -0.25%, Nifty up by 0.05%
3 months ago

State Bank Of India share are down by -0.25%, Nifty up by 0.05%

Live Mint  

At 17 Sep 11:04 today, Sbi shares are trading at price ₹783.5, -0.25% down from the previous closing price. On the technical front, the stock is trading above the 5,300 days SMA & lower than the 10,20,50,100 day SMA. The stock will have support at 5,300 days SMA & face resistance at 10,20,50,100 days SMA The SMA values for the …

SBI Dismisses Concerns About Flagging In Banking Sector's Deposit Growth
4 months ago

SBI Dismisses Concerns About Flagging In Banking Sector's Deposit Growth

News 18  

State Bank of India, India’s largest lender and public sector bank, in its report, has dismissed the concerns about the flagging in the banking sector’s deposit growth. The report highlighted that in the Financial Year 23, the banking sector, particularly All Scheduled Commercial Banks, registered the highest absolute growth in both deposits and credit since 1951-52. Meanwhile, the credit expanded …

IT leads rise in Indian shares
4 months ago

IT leads rise in Indian shares

Hindustan Times  

By Bharath Rajeswaran and Kashish Tandon IT leads rise in Indian shares BENGALURU -Indian shares tracked Asian peers higher on Tuesday, led by information technology stocks, on hopes the U.S. Federal Reserve will start cutting rates from September. Expectation of a sharp U.S. rate cut in September and data showing that U.S. economy will most likely avoid a recession are …

SBI Hikes MCLR by 10 Basis Points, Third Consecutive Increase
4 months, 1 week ago

SBI Hikes MCLR by 10 Basis Points, Third Consecutive Increase

Deccan Chronicle  

Mumbai: The country’s largest lender State Bank of India has raised its Marginal Cost of Funds-based Lending Rate by 10 basis points across all tenors impacting largely some old individual borrowers or companies whose loans are still linked to MCLR. According to Vipul Patel, founder, of Mortgageworld, a home loan advisory company, “While new borrowers have their loan rates linked …

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?
4 months, 1 week ago

SBI raises lending rate by 10 basis points across tenures from August 15: Will loan EMIs go up?

India TV News  

The State Bank of India, the largest state-owned bank in India, has announced an increase in its lending rates by 10 basis points across tenors, effective from August 15, 2024. Introduced in April 2016 as a replacement for the base rate system, the MCLR is used as a benchmark for setting lending rates unless specific exceptions are approved by the …

SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report
4 months, 1 week ago

SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report

Hindustan Times  

State Bank of India is reportedly aiming to strike a deal by end-March for the sale of its 24% stake worth 184.2 billion rupees currently in smaller rival Yes Bank, four sources with direct knowledge said. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Japanese lender Sumitomo Mitsui Banking Corp and Dubai-based Emirates NBD are in advanced talks to acquire a majority stake in …

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved
4 months, 2 weeks ago

SBI Q1 2024-25 results: Net profit up 5.04%, net NPAs down by 6.26%, ₹25,000 crore bond fundraise approved

Hindustan Times  

State Bank of India Ltd has announced its first quarter results for the financial year 2024-25 on Saturday, August 3, 2024 and its board has also approved a ₹25,000 crore fundraising through bonds. SBI recorded a net profit of ₹19,680.80 crore in Q1 2024-25, an increase of 5.04% or ₹944.85 crore, compared to ₹18,735.95 crore during Q1 2023-24 or the …

Federal Bank logs record high net income at Rs 1,010 crore, to raise Rs 6,000 crore
5 months ago

Federal Bank logs record high net income at Rs 1,010 crore, to raise Rs 6,000 crore

New Indian Express  

MUMBAI: The Kochi-based old generation private sector lender Federal Bank has reported the highest-ever quarterly net income at Rs 1,010 crore for the June quarter, logging in an 18.25 percent annualised growth, boosted by all-round performance in terms of asset generation as well as maintaining asset quality. The lender, which is getting a new chief executive in Krishnan Venkat Subramanian …

Mcap of BSE-listed firms at record high of ₹451.27 lakh cr
5 months, 2 weeks ago

Mcap of BSE-listed firms at record high of ₹451.27 lakh cr

The Hindu  

The market capitalisation of BSE-listed firms on July 9 hit a fresh lifetime high of ₹451.27 lakh crore on a day when the BSE Sensex reached a record closing level. The market capitalisation of BSE-listed firms hit an all-time high of ₹4,51,27,853.30 crore and investors’ wealth also went up ₹1.56 lakh crore on July 9. “After consolidating in the last …

Market Capitalisation of nine of top-10 most valued firms jumps ₹2.89 lakh crore; Reliance biggest winner
5 months, 3 weeks ago

Market Capitalisation of nine of top-10 most valued firms jumps ₹2.89 lakh crore; Reliance biggest winner

The Hindu  

Nine of the top-10 most valued firms together added ₹2,89,699.42 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in line with a rally in equities. While Reliance Industries, Tata Consultancy Services, HDFC Bank, ICICI Bank, Bharti Airtel, State Bank of India, Infosys, Hindustan Unilever and ITC were the gainers, Life Insurance Corporation of India …

SBI to monetise subsidiaries after scaling up their businesses: Chairman Khara
6 months, 1 week ago

SBI to monetise subsidiaries after scaling up their businesses: Chairman Khara

Hindustan Times  

SBI Chairman Dinesh Kumar Khara has said the lender would wait for its subsidiaries like SBI General Insurance and SBI Payment to further scale up their operations before monetising them. During the financial year 2023-24, the bank infused additional capital of ₹489.67 crore in SBI General Insurance Company Ltd. SBI General Insurance reported a 30.4% rise in net profit to …

Marketcap of five of top-10 most valued firms surges to ₹85,582 crore; LIC leads the pack
6 months, 1 week ago

Marketcap of five of top-10 most valued firms surges to ₹85,582 crore; LIC leads the pack

Live Mint  

Last week, five of the top-10 most valued firms collectively gained ₹85,582.21 crore in market valuation, driven by a positive trend in equities, with Life Insurance Corporation of India leading the gains. Among the gainers were Reliance Industries, HDFC Bank, Bharti Airtel, State Bank of India, and LIC, while Tata Consultancy Services, ICICI Bank, Infosys, Hindustan Unilever, and ITC saw …

State Bank of India to raise USD 3 billion through debt in FY2025, shares rise
6 months, 1 week ago

State Bank of India to raise USD 3 billion through debt in FY2025, shares rise

Live Mint  

India's largest lender State Bank of India, announced on June 11 that its board has approved a plan to raise up to $3 billion through debt in the current financial year, as per an exchange filing. The state-owned financial institution plans to secure the funds in multiple tranches via either a public offering or private placement of senior unsecured notes. …

Investors become richer by ₹13.22 lakh crore as markets bounce back after rout
6 months, 2 weeks ago

Investors become richer by ₹13.22 lakh crore as markets bounce back after rout

The Hindu  

A day after facing massive erosion from their wealth, equity investors became richer by ₹13.22 lakh crore on June 5 with markets making a strong comeback. In line with optimism returning at the Dalal Street, the market capitalisation of BSE-listed companies jumped ₹13,22,847.05 crore to ₹4,08,06,552.32 crore on June 5. Tata Steel, Mahindra & Mahindra, Bajaj Finance, Kotak Mahindra Bank, …

Banks should improve corporate loans, keep deposit base healthy
7 months ago

Banks should improve corporate loans, keep deposit base healthy

New Indian Express  

For the first time ever, the cumulative net profits of Indian banks surpassed Rs 3 lakh crore in 2023-24, up from Rs 2.3 lakh crore in 2022-23. While the 26 private lenders’ net profits shot up 42 percent to Rs 1.78 lakh crore, the 12 public sector banks reported net profits of Rs 1.41 lakh crore in 2023-24, a 34 …

SBI topples Reliance Industries as most profitable company, logs in a record Rs 20,698 crore net in Q4
7 months, 2 weeks ago

SBI topples Reliance Industries as most profitable company, logs in a record Rs 20,698 crore net in Q4

New Indian Express  

MUMBAI: The nation’s largest lender State Bank of India has reported record quarterly and annual profit numbers with a 24 percent growth in the March quarter earnings at Rs 20,698 crore—the highest in the entire India Inc including that of the otherwise most-profitable Reliance Industries, while annual profit peaked at Rs 61,077 crore. At Rs 20,698 crore, SBI’s March quarter …

Market valuation of 6 most valued firms in India rises by ₹1.30 lakh crore; top gainers are…
7 months, 3 weeks ago

Market valuation of 6 most valued firms in India rises by ₹1.30 lakh crore; top gainers are…

Hindustan Times  

The combined market valuation of six of the top 10 most valued firms in India increased by ₹1,30,734.57 crore last week, reported news agency PTI. The six of the top 10 Indian firms who gained, last week, in terms of market capitalization are State Bank of India, ICICI Bank, Bharti Airtel, ITC, Life Insurance Corporation of India and Infosys. Among …

SBI Cards & Payment Services Q4 Results Live : profit rise by 11.05% YOY
7 months, 3 weeks ago

SBI Cards & Payment Services Q4 Results Live : profit rise by 11.05% YOY

Live Mint  

SBI Cards & Payment Services Q4 Results Live : SBI Cards & Payment Services declared their Q4 results on 26 Apr, 2024. SBI Cards & Payment Services has delivered 4.46% return in the last 1 week, -1.83% return in last 6 months and -0.16% YTD return. Currently the SBI Cards & Payment Services has a market cap of ₹72121.45 Cr …

TCS, Infosys, SBI, ITC, HUL, ICICI Bank biggest losers, suffer ₹1.4 lakh crore loss in market capitalisation
8 months ago

TCS, Infosys, SBI, ITC, HUL, ICICI Bank biggest losers, suffer ₹1.4 lakh crore loss in market capitalisation

Hindustan Times  

Except mostly for HDFC Bank and Reliance Industries, for most stock market participants, it was a week not to remember. TCS, Infosys, SBI, ITC, HUL, and ICICI Bank dropped as much as ₹ 1.4 lakh crore in market capitalisation last week. Among the banks in the top 10 list, ICICI Bank market capitalisation fell by ₹26,423.74 crore to ₹7,49,023.89 crore. …

India's total market capitalization hits ₹400 lakh crore mark: Top points
8 months, 2 weeks ago

India's total market capitalization hits ₹400 lakh crore mark: Top points

Hindustan Times  

Market capitalisation of BSE all listed companies crossed ₹400 lakh crore for the first time as it hit a lifetime high amid rally in blue-chip, mid-cap and small-cap indices. In March 2014, BSE achieved a market capitalization of ₹100 lakh crore for the first time which was followed by ₹200 lakh crore in February 2021. Follow stock market updates here …

Top 10 firms saw market value erode by ₹1.97 lakh cr; TCS, Infosys bear brunt
8 months, 4 weeks ago

Top 10 firms saw market value erode by ₹1.97 lakh cr; TCS, Infosys bear brunt

Hindustan Times  

The combined market valuation of five of the top 10 most valued firms plunged by ₹1,97,958.56 crore last week. TCS witnessed the highest decline in market valuation among the top 10 firms During the same period, the Bombay Stock Exchange benchmark recorded a modest climb of 188.51 points or 0.25 per cent. TCS witnessed the highest decline in market valuation …

Jio Financial Services hits ₹2 lakh crore market cap, a 1st: What's happening
10 months ago

Jio Financial Services hits ₹2 lakh crore market cap, a 1st: What's happening

Hindustan Times  

Jio Financial Services share: In a first, Jio Financial Services Ltd's market capitalisation exceeded ₹2 lakh crore driven by a 35 per cent surge in its share price this year while Reliance Industries hit a record high today. Reliance Industries is leading the list with a market cap of ₹20.05 lakh crore, followed by Tata Consultancy Services ₹14.78 lakh crore …

SBI overtakes Infosys to become India's fifth most valued firm | Full list of top 10
10 months ago

SBI overtakes Infosys to become India's fifth most valued firm | Full list of top 10

India TV News  

State Bank of India, the nation's largest lender by assets, has once again ascended the market capitalisation ladder, surpassing software giant Infosys. Last week, the state-owned lender reclaimed the title of the most valuable PSU, overtaking LIC in market valuation, following a 10% dip in LIC's share price. 6.89 lakh crore, SBI now holds the fifth position, trailing Reliance Industries, …

Union Bank of India share price jumps 7% on ₹3,000 crore QIP announcement
10 months ago

Union Bank of India share price jumps 7% on ₹3,000 crore QIP announcement

Live Mint  

Union Bank of India share price jumped almost 7 percent on Wednesday, February 21, after the PSU lender announced its plans to raise ₹3,000 crore through a qualified institutional placement, with a floor price set at ₹142.78 per share. February 20, 2024, approved the raising of funds for an amount not exceeding ₹3,000 crore through issue of equity shares through …

Markets today: SBI, Reliance and these large and mid-cap stocks hit an all-time high
10 months, 1 week ago

Markets today: SBI, Reliance and these large and mid-cap stocks hit an all-time high

Hindustan Times  

The BSE benchmark Sensex on Wednesday recovered from early downturn to close 267 points higher at 71,822. During the day, five large and mid-cap stocks from Nifty and Sensex hit their all-time high on the bourses. Sensex gained 277.98 points to settle at 71,833.17; Nifty rises 96.80 points to close at 21,840.05 Reliance Industries Limited The shares of Mukesh Ambani-led …

YES bank rallies over 9.50 per cent amid reports of SBI offloading shares worth Rs 5,000-7,000 crore
10 months, 2 weeks ago

YES bank rallies over 9.50 per cent amid reports of SBI offloading shares worth Rs 5,000-7,000 crore

India TV News  

Shares of YES Bank rallied 9.70 per cent to a 52-week high of Rs 32.70 on reports of the State Bank of India offloading its entire stake. Currently, the SBI Consortium holds a 32.70 per cent stake in YES Bank, with LIC holding 4.34 per cent and Axis Bank 2.57 percent. The surge in YES Bank shares by 26 per …

FM Sitharaman calls for more SBI-sized banks as India’s economy grows
10 months, 2 weeks ago

FM Sitharaman calls for more SBI-sized banks as India’s economy grows

Live Mint  

Finance Minister Nirmala Sitharaman in an interview with Mint said that the Indian economy is going through a structural transformation and conventional paradigms are being challenged. STRUCTURAL TRANSFORMATION IN RURAL AREAS Nirmala Sitharaman said that the government is working on data to measure the structural transformation in rural areas. "Government is prepared to address any impact on the rural economy …

SBI Q3 net slips 35% on wages, pension
10 months, 2 weeks ago

SBI Q3 net slips 35% on wages, pension

The Hindu  

State Bank of India reported third quarter net profit plunged 35.49% to ₹9,164 crore as compared with ₹14,205 crore in the year ago period due to a one-time provisioning of ₹7,100 crore toward wage hikes and pension liabilities, its chairman Dinesh Khara said at a press conference. Out of the ₹7,100 crore the bank provided ₹5,400 crore to correct the …

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