The fall in SBI share price came the New York-based brokerage Goldman Sachs downgraded SBI to 'Sell' from 'Neutral'.
Dinesh Khara's tenure saw SBI's profit leap from Rs 20,410 crore in FY21 to Rs 61,077 crore in FY24, a 200 per cent increase, earning him the title of 'profit king'
Since reaching a peak of approximately Rs 175 in May 2024, SAIL has been under significant selling pressure
As of 6:31 AM, GIFT Nifty futures were up 84 points, trading at 24,140.5, suggesting a positive start for the Indian bourses.
Stock Market Live updates on August 5: Indian bourses are staring at a bear attack on Monday after heavy sell-off in global peers. The GIFT Nifty futures also indicated a gap-down start,
At 6:41 AM, GIFT Nifty futures were down 369 points, trading at 24,342.50, suggesting a gap-down start.
A unit of Qatar Investment Authority, SBI Mutual Fund, and foreign investment funds Nomura and Citigroup were the biggest buyers of shares in Adani group's power transmission unit's USD 1 billion QIP, according to a stock exchange filing by the company. The Rs 8,373.10 crore (USD 1 billion) qualified institutional placement (QIP) of Adani Energy Solutions Ltd (AESL), which closed last week, saw over 120 investors seek shares in the firm that is into power transmission, distribution and smart metering business. Billionaire Stanley Druckenmiller's family office-led investment firms were among the companies that sought shares of AESL in the QIP. AESL in the filing said its board has approved allocation of over 8.57 crore shares to eligible qualified institutional buyers at the issue price of Rs 976 per share, reflecting a discount of Rs 51.11 (4.98 per cent) to the floor price of Rs 1,027. Giving details of allottees who got more than 5 per cent of shares, it said INQ Holdings LLC, a
PSU Banks in focus post Q1 earnings: PNB, BoI, BoB, Uco Bank and IOB rallied over 3% each. SBI, Canara Bank, Union Bank of India, Indian Bank and Central Bank were up 2-3%.
Stocks in focus ahead of Union Budget 2024: These 11 stocks across sectors are likely to be in focus in anticipation of measures to be announced by the finance minister Nirmala Sitharaman on Tuesday,
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
Stocks to watch on June 05: Ztech India will list on NSE Emerge today. Its Rs 37.3 crore IPO, entirely fresh issue of 33.91 lakh shares was subscribed 371 times by investors
In the last year, SBI is up nearly 55 per cent, while the Nifty PSU Bank index has almost doubled during the period
PSU banks, CPSE stocks rally post exit poll verdict: SBI, Power Grid, Coal India, Hindustan Aeronautics and Union Bank of India seem to be favourably placed on the charts.
India's banking system continues to ride the good economic growth momentum, well supported by recent structural improvements in the system.
Surpassing the 50,000-mark for the very first time, the index's ascent can also be attributed to robust Q4 GDP figures, and S&P recent upgradation of India's rating to positive
Stock market outlook on Nifty PSU Banks, Nifty CPSE stocks: Technical chart suggests up to 22 per cent upside for UCO Bank, SJVN, NHPC and Bank of Maharashtra; here's why.
At 10:30 am; Nifty PSU Bank index, the top gainer among sectoral indices, was up 2.5%, as compared to 0.42% rise in the Nifty 50, while Nifty Bank and Nifty Private Bank index are up 1%
Also hikes bulk deposit rates; other lenders may follow suit
The S&P BSE Sensex fell by 780 points or 1.07 per cent to hit an intraday low of 71,882.90 on May 13