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State Bank of India (SBI.NS)

SBI.NS on National Stock Exchange of India

298.05INR
22 Mar 2019
Change (% chg)

Rs-5.75 (-1.89%)
Prev Close
Rs303.80
Open
Rs304.30
Day's High
Rs306.40
Day's Low
Rs296.95
Volume
17,865,957
Avg. Vol
18,572,015
52-wk High
Rs326.40
52-wk Low
Rs232.35

Latest Key Developments (Source: Significant Developments)

India Finmin Source Says~ Creditors Trying To Revive Jet By Changing Management
Wednesday, 20 Mar 2019 

March 20 (Reuters) - India finance ministry source says: :CREDITORS TRYING TO REVIVE JET AIRWAYS BY CHANGING MANAGEMENT.BANKS TRYING TO PROTECT CONSUMER, LENDERS INTEREST.  Full Article

State Bank Of India To Consider Extension Of Approval For Raising Up To 200 Bln Rupees Till March 2020
Monday, 18 Mar 2019 

March 18 (Reuters) - State Bank of India ::TO CONSIDER EXTENSION OF APPROVAL BY CENTRAL BOARD FOR RAISING EQUITY CAPITAL OF UP TO 200 BILLION RUPEES TILL MARCH 31, 2020.  Full Article

India's NCLAT Says No Interim Order Passed In Case Of Reliance Communications VS Ericsson
Friday, 15 Mar 2019 

March 15 (Reuters) - India's NCLAT::INDIA'S NCLAT SAYS NO INTERIM ORDER IS PASSED IN CASE OF RELIANCE COMMUNICATIONS VERSUS ERICSSON.INDIA'S NCLAT SAYS PARTIES TO ENSURE THAT SETTLEMENT IN 30 MAY ORDER IS MADE ENABLING SBI, OTHER BANKS AND ERICSSON INDIA TO RECOVER MAXIMUM DUES.INDIA'S NCLAT SAYS NO DIRECTION CAN BE GIVEN TO ANY PARTY FOR SETTLEMENT TO PERFORM CERTAIN DUTIES TO ENSURE SETTLEMENT BETWEEN OTHER PARTIES.  Full Article

State Bank Of India Official Says Should Have Final Resolution On Jet In A Week
Friday, 15 Mar 2019 

March 15 (Reuters) - State Bank Of India Official ::SAYS VERY SOON WE WILL HAVE SOME FINAL SOLUTION ON JET.SAYS THERE IS A BANK LED EFFORT THAT THE RESOLUTION PLAN HAPPENS; STARTED THIS EFFORT ON NOV 1.SAYS "IF WE ARE MAKING EFFORT LED BY SBI ONE THING HAS TO BE CLEAR, IT IS BY DESIRE THAT THIS AIRLINE KEEPS RUNNING".SAYS IN NEXT ONE WEEK SHOULD HAVE A FINAL RESOLUTION ON JET.  Full Article

Hindusthan National Glass & Industries Says SBI Initiated Proceedings In NCLT Against Co
Friday, 8 Mar 2019 

March 8 (Reuters) - Hindusthan National Glass And Industries Ltd ::SBI INITIATED PROCEEDINGS IN NCLT, KOLKATA BENCH AGAINST CO.PROCEEDINGS AGAINST CO SEEKING CERTAIN RELIEFS UNDER SECTION 7 OF INSOLVENCY AND BANKRUPTCY CODE, 2016.CO IS IN IMPLEMENTATION STAGE OF ONE-TIME SETTLEMENT OF OUTSTANDING DUES WITH LENDERS.MAJORITY OF LENDERS, INCLUDING SBI, AGREED TO EXTEND TIME FOR IMPLEMENTATION OF OTS UP TO MARCH 31.INCOMING STRATEGIC INVESTOR HAS APPLIED FOR APPROVAL OF COMPETITION COMMISSION OF INDIA FOR PROPOSED OTS.  Full Article

State Bank Of India Domestic NIM Rises To 2.97 Pct In Q3
Friday, 1 Feb 2019 

Feb 1 (Reuters) - State Bank of India ::SAYS DOMESTIC NET INTEREST MARGINS ROSE TO 2.97 PERCENT DURING Q3FY19.IN Q3, IMPROVEMENT IN SLIPPAGE RATIO BY 459 BPS YOY.  Full Article

State Bank Of India Posts Dec Qtr Standalone Net Profit
Friday, 1 Feb 2019 

Feb 1 (Reuters) - State Bank of India ::DEC QUARTER STANDALONE NET PROFIT 39.55 BILLION RUPEES VERSUS LOSS OF 24.16 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR DEC QUARTER NET PROFIT WAS 32.08 BILLION RUPEES.DEC QUARTER STANDALONE INTEREST EARNED 622.77 BILLION RUPEES VERSUS 548.03 BILLION RUPEES LAST YEAR.DEC QUARTER STANDALONE PROVISIONS AND CONTINGENCIES 60.06 BILLION RUPEES VERSUS 188.76 BILLION RUPEES LAST YEAR.DEC QUARTER STANDALONE GROSS NPA 8.71 PERCENT VERSUS 9.95 PERCENT PREVIOUS QUARTER.DEC QUARTER STANDALONE NET NPA 3.95 PERCENT VERSUS 4.84 PERCENT PREVIOUS QUARTER.DEC QUARTER STANDALONE PROVISIONS FOR NPAS 139.71 BILLION RUPEES VERSUS 177.60 BILLION RUPEES.SAYS PROVISION COVERAGE RATIO AS ON DEC 31, 2018 WAS 74.63 PERCENT.  Full Article

SBI Exec Says Bank Should Be Able To Bring NPA Below 3 Pct By End-March 2019
Thursday, 31 Jan 2019 

Feb 1 (Reuters) - State Bank of India Chairman Rajnish Kumar::CO SHOULD BE ABLE TO BRING NPA BELOW 3 PERCENT BY END-MARCH 2019.AT LEAST 8 ACCOUNTS WORTH 340 BILLION RUPEES IN ADVANCED STAGE OF RESOLUTION.IF ALL ACCOUNTS RESOLVED, GROSS NPA WILL COME DOWN BELOW 7, NET NPA BELOW 3 PERCENT.HOLDING CO LEVEL EXPOSURE TO ILFS IS ABOUT 9 BILLION RUPEES; 50 PERCENT HAS BEEN PROVIDED.EFFORTS ARE ON TO RESOLVE THE JET AIRWAYS SITUATION.ON EXPOSURE TO DHFL: "AS OF NOW WE ARE NOT WORRIED".KEEPING A WATCH ON DHFL'S ACCOUNT, ALL ACCOUNTS ARE REGULAR AS OF NOW.CORPORATE CREDIT GROWTH IS AT 20 PERCENT.NIM OUTLOOK IS POSITIVE; IMPROVEMENT COMING AGAIN AS RATIO OF PERFORMING ASSETS RISES.GOVERNMENT'S DECISION IN BUDGET TO GIVE DIRECT BENEFIT TO FARMERS BETTER THAN LOAN WAIVERS, WILL ALLEVIATE AGRARIAN DISTRESS.ILFS SPV EXPOSURE IS ABOUT 22 BILLION RUPEES."FIRST STEP IS TO BRING NIM TO 3 PERCENT, WHICH IS VERY POSSIBLE NOW".HAVE RECEIVED "CONSIDERABLE INTEREST" FOR ESSAR STEEL ASSETS.  Full Article

Jet Airways Says Chairman Goyal Communicated His Position On Resolution Plan To SBI
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - Jet Airways Ltd ::GOYAL HAS COMMUNICATED HIS POSITION ON THE RESOLUTION PLAN TO SBI, WHICH IS UNDER CONSIDERATION.  Full Article

State Bank Of India Says Lenders Considering Restructuring Plan For Jet Airways
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - State Bank Of India :STATEMENT BY STATE BANK OF INDIA.LENDERS CONSIDERING A RESTRUCTURING PLAN FOR JET AIRWAYS FOR RESOLUTION OF STRESSED ASSETS.  Full Article

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India state banks want Jet Airways' Goyal to reduce stake to 10 percent: CNBC-TV18

MUMBAI A group of Indian state-run banks want Jet Airways' embattled founder and Chairman Naresh Goyal to reduce his stake in the carrier to 10 percent, news channel CNBC-TV18 reported on Thursday, quoting sources.