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State Bank of India (SBI.NS)

SBI.NS on National Stock Exchange of India

313.30INR
10:14am GMT
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Rs-5.15 (-1.62%)
Prev Close
Rs318.45
Open
Rs316.15
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Rs311.15
Volume
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Rs351.30
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Rs241.10

Latest Key Developments (Source: Significant Developments)

SBI chairman Rajnish Kumar says Moody's rating upgrade a positive development
Friday, 17 Nov 2017 

Nov 17 (Reuters) - State Bank of India chairman Rajnish Kumar::Moody's rating upgrade a positive development; great enabling factor for Indian financial markets​.Over a point of time, rating change will reduce borrowing costs of government and financial institutions.Over a point of time, rating change will result in increased investor confidence in india growth and reform story​.  Full Article

Moody's upgrades four Indian financial institutions' ratings to Baa2 from Baa3
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Moody's -:MOODY'S UPGRADES FOUR INDIAN FINANCIAL INSTITUTIONS' RATINGS‍​.MOODY'S INVESTORS SERVICE HAS UPGRADED THE LONG-TERM RATINGS OF FOUR INDIAN FINANCIAL INSTITUTIONS TO BAA2 FROM BAA3‍​‍​.MOODY'S - UPGRADED THE LONG-TERM RATINGS OF FOUR INDIAN FINANCIAL INSTITUTIONS TO BAA2 FROM BAA3.MOODY'S - FOUR INDIAN BANKS ARE EXIM INDIA, HDFC BANK LIMITED, INDIAN RAILWAY FINANCE CORPORATION LIMITED , STATE BANK OF INDIA.MOODY'S HAS CHANGED TO STABLE FROM POSITIVE THE RATINGS OUTLOOK FOR IRFC; EXIM INDIA AND ITS LONDON BRANCH;.MOODY'S HAS CHANGED TO STABLE FROM POSITIVE OUTLOOK FOR HDFC BANK, ITS BAHRAIN AND HONG KONG BRANCH;SBI, ITS HONG KONG, LONDON, AND NASSAU BRANCHES.  Full Article

SBI says higher provisioning in line with move towards global accounting standards
Friday, 10 Nov 2017 

Nov 10 (Reuters) - State Bank Of India :Exec says higher provisioning is in line with move towards global accounting standards.Exec says hopefully should be able to stick to our guidance on NPAs at around 500-510 billion rupees by end-March.  Full Article

SBI bankruptcy cases provisioning ratio at over 50 pct as of end-Sept: chairman
Friday, 10 Nov 2017 

Nov 10 (Reuters) - State Bank Of India :Chairman says bankruptcy cases provisioning ratio is over 50 percent as of end of September.Chairman says corporate credit growth remains muted.Chairman says watchlist for potential default accounts has come down to 210 billion rupees from 240 billion rupees.Exec says in second RBI list for potential bankruptcies, already provided for 75 percent.Exec says most bad loan recoveries coming from retail and SMEs.Exec says NIM should be better going ahead with 10-15 bps improvement, don't expect quantum jump.Exec says number of large accounts going for resolution outside of nclt is very few.  Full Article

State Bank of India Sept qtr standalone profit down about 38 pct
Friday, 10 Nov 2017 

Nov 10 (Reuters) - State Bank Of India :Sept quarter standalone net profit 15.82 billion rupees versus profit of 25.38 billion rupees year ago.Consensus forecast for sept quarter standalone profit was 26.96 billion rupees.Sept quarter standalone interest earned 548.50 billion rupees versus 424.82 billion rupees year ago.Sept quarter standalone provisions 191.37 billion rupees versus 78.97 billion rupees year ago.Sept quarter standalone provisions for non-performing assets 167.15 billion rupees versus 76.70 billion rupees year ago.Sept quarter standalone gross NPA 9.83 percent versus 9.97 percent previous quarter.Sept quarter standalone net NPA 5.43 percent versus 5.97 percent previous quarter.Says exceptional item in quarter of 54.36 billion rupees‍​.Says exceptional item in quarter on sale of pattial investment in unit SBI Life Insurance Co Ltd‍​.  Full Article

State Bank Of India exec says have renewables loan exposure of about 120 bln rupees
Monday, 30 Oct 2017 

Oct 30 (Reuters) - State Bank Of India :Exec says have renewables loan exposure of about 120 billion rupees.  Full Article

State Bank of India yet to take any decision on divestment on non-core assets‍​
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - State Bank Of India :Says co yet to take any decision on divestment on non-core assets‍​.  Full Article

State Bank Of India & Escorts sign MoU for financing tractors​
Monday, 23 Oct 2017 

Oct 23 (Reuters) - State Bank of India::‍State Bank Of India and Escorts Limited sign MoU for financing tractors​.  Full Article

State Bank of India ties up with Shriram Automall India
Friday, 13 Oct 2017 

Oct 13 (Reuters) - State Bank Of India :Says Shriram Automall India ties up with SBI for SME segment.Shriram Automall India to provide solutions to dispose pre-owned vehicles, construction equipment, three wheelers, two wheelers‍​.  Full Article

SBI says LIC cuts stake in co by 2.01 percent between Nov 5, 2014 to Sept 28, 2016
Friday, 30 Sep 2016 

State Bank Of India :LIC cuts stake in co by 2.01 percent to 10.435 percent between Nov 5, 2014 to Sept 28, 2016.  Full Article

UPDATE 1-Punjab National Bank raises $777 mln in share sale - sources

MUMBAI, Dec 12 Punjab National Bank has raised 50 billion rupees ($777 million) from a share sale to institutional investors, sources with direct knowledge of the transaction said on Tuesday.