State Bank of India
India’s largest bank plans to raise 250 billion rupees in share sale
The fundraising plan comes as local bank shares are trading at record highs, with the sector seen as relatively shielded from tariff-related turmoil
Indian banks review Adani exposure in wake of US bribery allegations
INDIAN banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday (Nov 28), after the group’s billionaire founder Gautam Adani was indicted...
State Bank of India beats Q2 profit view but lending margin shrinks
STATE Bank of India, the country’s largest lender by assets, beat second-quarter profit estimates on Friday (Nov 8), helped by higher non-interest income but its lending margin shrank.
India’s biggest lender deploys 2,000 bankers to woo the wealthy
STATE Bank of India (SBI), the country’s largest lender, is making a renewed push into wealth management as the number of people getting richer surges.
India’s SBI forecasts steady credit growth after quarterly profit beat
STATE Bank of India on Thursday (May 9) reported record fourth-quarter profit that beat estimates on strong loan demand, and forecast credit growth for the current fiscal year to keep the same pace as...
India’s top court orders SBI bank to share political donors’ names by Tuesday
INDIA’S Supreme Court on Monday (Mar 11) rejected a plea by government-run State Bank of India (SBI) for more time to make public names of individuals and companies who donated billions of rupees to p...
State Bank of India Q1 profit nearly triples to all-time high
STATE Bank of India, the country’s largest lender, on Friday (Aug 4) reported a near three-fold jump in first-quarter profit, led by a surge in net interest income, healthy loan growth and lower provi...
India’s top lender SBI posts record Q4 profit
STATE Bank of India (SBI), the country’s largest lender, on Thursday (May 18) reported a more than 83 per cent jump in fourth-quarter profit, led by a sharp drop in provisions on bad loans and healthy...
Adani crisis unlikely to pose credit risk for Indian banks: rating agencies
THE exposure of Indian banks to the embattled Adani Group is not enough to impact their credit profiles, two rating agencies said on Tuesday (Feb 7), weeks after a US short-seller report unleashed a b...
India’s top lender SBI smashes estimates with record Q3 profit
STATE Bank of India (SBI), the country’s largest lender, on Friday (Feb 3) said its third-quarter profit surged 68.5 per cent to a record high, boosted by better interest income and a drop in bad loan...
