State Bank Of India Uk

The issuance was tightly priced, said market participants

Regulatory comfort drives bank boards to appoint SBI officials for stability

Besides, the report also noted that the total employment reported by micro, small and medium enterprises (MSMEs) registered with the MSME Ministry has crossed 200 million

Several other state-owned lenders such as Canara Bank and Bank of India are also planning to raise funds through infrastructure bonds

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. Scaling up of their operation will increase valuation and ensure better returns for the parent State Bank of India (SBI). When it comes to subsidiaries, their monetisation would be through the capital market, he told PTI in an interview. "The subsidiaries, which would be eligible for this kind of route, would be essentially our SBI General and may be at some stage, SBI Payment Services, but as of now, we don't have any such plan," he said. "Maybe, we would like to scale them up a little more, and then we will think in terms of going to the capital market for monetising our holding in these companies. But not in the current financial year," he added. During the year ended on March 31, 2024, the bank infused additional capital of Rs 489.67 crore in SBI General Insurance Company Ltd. The company has

Provision buffer of Rs 33, 000 crore sufficient for ECL norms

The new T+0 settlement cycle reduces transactional risks and enhances market efficiency by providing immediate liquidity to investors, said analysts at ICICI Direct

One-time pension revision, dearness allowance relief hits profits; open to help Paytm merchants to avoid disruptions

Net profit fell to 9,164 crore rupees ($1.1 billion) in its fiscal third quarter from Rs 14,205 crore in the same period a year earlier, SBI reported in a stock exchange filing

As things stand, the govt has over 80% ownership in six banks: Bank of India, Indian Overseas Bank, Punjab & Sind Bank, Bank of Maharashtra, Central Bank of India, and Uco Bank

SBI's total domestic advances were 28 trillion rupees as of June 30

The company's revenue from operations went up by 26.18 per cent year-on-year to reach Rs 3,911.88 crore for the quarter that ended on June 30, 2023

The new owners meanwhile have indicated that extra money wasn't part of the already agreed upon resolution plan and instead must be taken out of the banks' dues

10-year paper priced at 7.51%, or about 17 bps above benchmark g-sec yield

The latest round of fundraising by banks comes at a time when credit growth has shown sustained momentum even as growth in deposits continues to lag

For 1 year to less than 2 years, SBI is offering 6.10% as compared to 5.60% earlier

According to the latest Reserve Bank of India (RBI) data, loans to micro, small, medium, and large industries rose to Rs 31.82 trillion as of July end, up 10.5 per cent year-on-year (YoY).

SBI Mutual Fund on Thursday said its equity fund -- SBI Contra Fund -- has recorded nearly 100 per cent growth in its asset base to Rs 4,688 crore in last one year. "The scheme AUM (Assets Under Management) stands at Rs 4,687.76 crore as on June 30, 2022 as compared to Rs 2,397.73 crore as on June 30, 2021," SBI Mutual Fund (MF) said in a statement. SBI Contra Fund has significantly outperformed its first-tier benchmark -- S&P BSE 500 TRI -- in the short, medium, and long term. The fund has delivered the highest returns in the category in the 1-year time period(11.55 per cent), 3-year (21.34 per cent), 5-year (12.90 per cent) and since inception in 2005 (18.41 per cent), the statement noted. The scheme has witnessed strong interest from all segments of investors -- retail and High Networth Individuals (HNIs) and is suitable for investors who have advanced knowledge of macro trends and prefer to take selective bets for higher returns. The scheme follows a combination of top-down .

The heady days of setting up shop abroad by banks are over, and a nuanced and tech-based approach will be the way ahead, report Abhijit Lele and Raghu Mohan

All retail branches of SBI in the UK will fall under a new UK-incorporated banking entity instead of their previous status as overseas branches of the Indian entity