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State Bank of India (SBI.BO)

SBI.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

State Bank Of India Appoints Prashant Kumar As CFO
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - State Bank of India ::SAYS APPOINTED PRASHANT KUMAR, DEPUTY MANAGING DIRECTOR, AS CHIEF FINANCIAL OFFICER.  Full Article

State Bank Of India Says Approval To Initiate Process Of Divestment Of Stake In NSE
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - State Bank of India ::ACCORDED APPROVAL TO EXPLORE AND INITIATE PROCESS OF DIVESTMENT UPTO 3.8958 PERCENT STAKE OF CO IN NATIONAL STOCK EXCHANGE OF INDIA.  Full Article

SBI Chairman Expects profit for full-year 2018/19
Friday, 10 Aug 2018 

Aug 10 (Reuters) - State Bank of India Chairman Rajnish Kumar says::EXPECTS TO RECOVER 40 BILLION RUPEES FROM ONE ACCOUNT IN BANKRUPTCY WHEN RESOLVED.IN SEPT QUARTER FURTHER INTEND TO IMPROVE PCR.91 PERCENT OF CORPORATE SLIPPAGES FROM THE WATCH LIST.GOING FORWARD RETAIL SLIPPAGES WILL COME DOWN.LEGACY NPA ACCOUNT PROVISIONS LARGELY TAKEN CARE OF.GROWTH LARGELY COMING FROM RETAIL, BUT HAVE A FAIRLY ROBUST PIPELINE IN CORPORATE LOANS.HAVE EXPOSURE TO JET AIRWAYS, PART OF OUR WATCHLIST.EXPECTS PROFITS IN DEC AND MARCH QUARTERS AND FOR FULL YEAR.  Full Article

State Bank Of India Posts June-Qtr Loss
Friday, 10 Aug 2018 

Aug 10 (Reuters) - State Bank of India ::JUNE QUARTER NET LOSS 48.76 BILLION RUPEES VERSUS PROFIT 20.06 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER NET LOSS WAS 1.71 BILLION RUPEES.JUNE QUARTER INTEREST EARNED 588.13 BILLION RUPEES VERSUS 549.05 BILLION RUPEES LAST YEAR.JUNE QUARTER GROSS NPA 10.69 PERCENT VERSUS 10.91 PERCENT PREVIOUS QUARTER.JUNE QUARTER PROVISIONS AND CONTINGENCIES 192.28 BILLION RUPEES VERSUS 89.29 BILLION RUPEES LAST YEAR.JUNE QUARTER NET NPA 5.29 PERCENT VERSUS 5.73 PERCENT PREVIOUS QUARTER.JUNE QUARTER PROVISIONS FOR NPAS 130.38 BILLION RUPEES VERSUS 121.25 BILLION RUPEES LAST YEAR.SAYS PROVISION COVERAGE RATIO AS ON JUNE 30, 2018 WAS 69.25 PERCENT.BANK HAS RECOGNIZED THE ENTIRE NET MARK TO MARKET LOSS ON INVESTMENTS OF 58.93 BILLION RUPEES IN THE CURRENT QUARTER.  Full Article

State Bank Of India Gets ECCB Approval For Sale of Stake in SBI General lnsurance Co
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - State Bank of India ::GETS APPROVAL OF ECCB TO EXPLORE AND INITIATE PROCESS OF DIVESTMENT UPTO 4% OF STATE OF SBI IN SBI GENERAL INSURANCE COMPANY.  Full Article

State Bank Of India Says SBI YONO To Integrate With Reliance MyJio Platform
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - State Bank of India ::STATE BANK OF INDIA SAYS MOU SIGNED BETWEEN SBI AND RELIANCE INDUSTRIES LIMITED.SBI YONO TO INTEGRATE WITH RELIANCE MYJIO PLATFORM.  Full Article

SBI Says Debt Syndication Offered By SBICap Discontinued
Tuesday, 31 Jul 2018 

July 31 (Reuters) - State Bank of India ::RESTRUCTURING OF PROJECT ADVISORY AND STRUCTURED FINANCE (PASF) AND EXECUTION OF MOU BETWEEN SBI & SBICAP.ACTIVITIES LIKE DEBT SYNDICATION AND DEBT RESOLUTION MANDATES TAKEN FROM PRIVATE SECTOR COS OFFERED BY PASF, SBICAPS, ARE DISCONTINUED.MOVE IN VIEW OF DUPLICATION OF PROCESSES RESULTING IN DELAYS AND CERTAIN REGULATORY CONCERNS.  Full Article

State Bank Of India Says Govt Appoints Arijit Basu As MD of Co
Monday, 25 Jun 2018 

June 25 (Reuters) - State Bank of India ::SAYS INDIA GOVERNMENT APPOINTS ARIJIT BASU AS MD.  Full Article

State Bank Of India Posts March Qtr Standalone Loss
Tuesday, 22 May 2018 

May 22 (Reuters) - State Bank of India ::MARCH QUARTER STANDALONE NET LOSS 77.18 BILLION RUPEES.CONSENSUS FORECAST FOR MARCH QUARTER STANDALONE LOSS WAS 12.85 BILLION RUPEES.MARCH QUARTER STANDALONE INTEREST EARNED 559.41 BILLION RUPEES.MARCH QUARTER STANDALONE PROVISIONS AND CONTINGENCIES 280.96 BILLION RUPEES.MARCH QUARTER STANDALONE PROVISIONS FOR NPAS 240.80 BILLION RUPEES.MARCH QUARTER STANDALONE GROSS NPA 10.91 PERCENT VERSUS 10.35 PERCENT PREVIOUS QUARTER.MARCH QUARTER STANDALONE NET NPA 5.73 PERCENT VERSUS 5.61 PERCENT PREVIOUS QUARTER.SAYS DIVERGENCE IN PROVISIONING AS AT MARCH 31, 2017 WAS 57.21 BILLION RUPEES.SAYS DIVERGENCE IN GROSS NPA AS AT MARCH 31, 2017 WAS 232.39 BILLION RUPEES.SAYS DIVERGENCE IN NET NPA AS AT MARCH 31, 2017 WAS 175.18 BILLION RUPEES.ADJUSTED NET PAT FOR YEAR ENDED MARCH 31, 2017 AFTER TAKING INTO ACCOUNT DIVERGENCE IN PROVISIONING 67.43 BILLION RUPEES.  Full Article

SBI Confirms CBI Summoning CEO in PNB Fraud Case
Monday, 16 Apr 2018 

April 16 (Reuters) - State Bank Of India ::CBI REQUESTED APPEARANCE OF CEO AND A DEALING OFFICER FROM FRANKFURT FOREIGN OFFICE AND SBI (MAURITIUS).SAYS CBI'S REQUEST FOR APPEARANCE WOULD NOT HAVE ANY MATERIAL IMPACT ON SBI.SBI - APPEARANCE ASKED FOR THOSE WHO HANDLED BUYERS' CREDIT BACKED BY LOUS OF PNB'S BRADY HOUSE BRANCH TO UNDERSTAND PROCESS AT CO'S OVERSEAS OFFICE.  Full Article

India set to pay for Iranian oil using rupees from Nov - sources

NEW DELHI, Sept 20 India will settle payments for Iranian oil using rupees through local banks starting in November as U.S. sanctions will make it difficult to settle trades through European banks, two industry sources said on Thursday.