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India considers raising retirement age for state-owned bank bosses India is considering raising the retirement age for chairmen and managing directors of state-owned banks, which control over 60% of the banking system's assets, a government official said on Saturday. The proposal under consideration is to raise the age limit for the chairman of the country's largest lender, State Bank of India (SBI), to 65 years from 63 years, and that for managing directors of other state-owned banks to 62 years from 60, the official said. SBI is governed by s...
India considers raising retirement age for state-owned bank bosses
India considers raising retirement age for state-owned bank bosses
Source: Reuters
27/08/2023 9:06:17 AM
Buy State Bank of India Ltd For Target Rs. 743 - LKP Securities Ltd Result and Price Analysis Result and Price Analysis State Bank of India (SBIN) has delivered a stable result on operating and assets quality front. It’s reported GNPA (2.76% v/s 2.78% in 4QFY23) and NNPA (0.71% v/s 0.67% in 4QFY23) holds steady with stable PCR (incl. AUCA) of 92%. Furthermore SMA1/2 (33bps v/s 8bps) increased sequentially. The bank has witnessed better than expected advance growth (15% YoY & 1.1% QoQ) led by growth across segment and steady deposit base (12% YoY ...
Buy State Bank of India Ltd For Target Rs. 743 - LKP Securities Ltd
Buy State Bank of India Ltd For Target Rs. 743 - LKP Securities Ltd
Source: LKP Securities Ltd
9/08/2023 2:38:33 PM
FII selling streak caps Nifty upside Domestic equities held on to their positive stance despite mixed global cues. Nifty opened higher and remained in positive territory throughout the session to close with marginal gains of 81 points at 19598 levels, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services. Majority of the sectors ended in green with buying seen in IT & Pharma. Markets are likely to trade in a range ahead of RBI policy this week, he said. FIIs continued their selling streak for...
FII selling streak caps Nifty upside
FII selling streak caps Nifty upside
Source: IANS
8/08/2023 9:44:08 AM
State Bank of India bets on private capex to grow corporate credit - Chairman State Bank of India (SBI) expects to give out 3.5 trillion rupees ($42.30 billion) in corporate loans over the rest of this financial year as private companies step up investments in key sectors, the chairman of the country's largest lender said. The Indian economy has been starved of private investment for years now but a surge in government capital spending and deleveraged corporate balance sheets has led to early signs of companies adding to their capacity. And nearly 80% of this...
State Bank of India bets on private capex to grow corporate credit - Chairman
State Bank of India bets on private capex to grow corporate credit - Chairman
Source: Reuters
7/08/2023 2:38:12 PM
State Bank of India Q1 profit nearly triples to all-time high By Siddhi Nayak MUMBAI/BENGALURU (Reuters) -State Bank of India, the country's largest lender, on Friday reported a near three-fold jump in first-quarter profit, led by a surge in net interest income, healthy loan growth and lower provisions. Net profit was at a record 168.84 billion rupees ($2.04 billion) for the quarter ended June 30, compared with 60.68 billion rupees a year earlier, the lender said in an exchange filing. Net interest income, the difference between interest ea...
State Bank of India Q1 profit nearly triples to all-time high
State Bank of India Q1 profit nearly triples to all-time high
Source: Reuters
4/08/2023 3:03:03 PM
Growth of deposits, advances of PSBs improves to 9.3%, 15.8% in FY23 Union Minister of State for Finance Bhagwat Kisanrao Karad has said that the growth of deposits and advances of public sector banks (PSBs) has improved from 8.2% and 9.8% in FY2021-22 to 9.3% and 15.8% in FY2022-23, respectively. He stated that the PSBs take all commercial and business-related decisions as per their board approved policies.  The Minister also said that as per the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and 1980, and the State Bank of Ind...
Growth of deposits, advances of PSBs improves to 9.3%, 15.8% in FY23
Growth of deposits, advances of PSBs improves to 9.3%, 15.8% in FY23
Source: Accord Fintech
2/08/2023 1:46:24 PM
State Bank of India's infra bond response likely to lure other lenders into tapping market- bankers Strong demand for infrastructure bonds sold by India's largest lender could push other banks to tap the market, as appetite from long-term investors shows confidence, merchant bankers said on Monday. Earlier in the day, the State Bank of India (SBI) accepted bids worth 100 billion rupees ($1.22 billion) for 15-year bonds at a coupon of 7.54%. The lender received bids worth around 217 billion rupees against a base of 50 billion rupees. This was in sharp contrast to SBI's perpetua...
State Bank of India's infra bond response likely to lure other lenders into tapping market- bankers
State Bank of India's infra bond response likely to lure other lenders into tapping market- bankers
Source: Reuters
31/07/2023 4:49:05 PM
Stock Picks : State Bank of India Ltd and Adani Ports Ltd By ICICI Direct State Bank of India Ltd Buy State Bank of India Ltd @195.50-196.00; Target 199.20; Stop Loss 194.20   Adani Ports Ltd Buy Adani Ports Ltd @2154-2158; Target 2126.00; Stop Loss 2177.20     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above views are of the au...
Stock Picks : State Bank of India Ltd and Adani Ports Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd and Adani Ports Ltd By ICICI Direct
Source: ICICI Direct
26/07/2023 10:47:28 AM
Stock Picks : State Bank of India Ltd and Tata Consumer Products Ltd By ICICI Direct  State Bank of India Ltd Buy State Bank of India Ltd @197.5-198.5; Target 201.9; Stop Loss 598.70   Tata Consumer Products Ltd Buy Tata Consumer Products Ltd @865-867; Target 879; Stop Loss 859.70       To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.tradebulls.in/disclaimer SEBI Registration number is INZ000171838    View...
Stock Picks : State Bank of India Ltd and Tata Consumer Products Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd and Tata Consumer Products Ltd By ICICI Direct
Source: ICICI Direct
21/07/2023 10:22:35 AM
SBI plans infra bond issue to raise 100 billion rupees State Bank of India (SBI), the country's largest lender, plans to raise up to 100 billion rupees ($1.22 billion) through the sale of infrastructure bonds maturing in 15 years, three bankers said on Thursday. "The bank has taken internal approvals for the issue and bidding is expected in the last week of July," one of the bankers said. The proposed bond issue will have a base size of 50 billion rupees, with an equivalent greenshoe option. SBI did not reply to a Reuters e...
SBI plans infra bond issue to raise 100 billion rupees
SBI plans infra bond issue to raise 100 billion rupees
Source: Reuters
20/07/2023 1:45:53 PM
SBI gains on getting nod to set up new trustee company as wholly owned subsidiary State Bank of India is currently trading at Rs. 598.50, up by 6.30 points or 1.06% from its previous closing of Rs. 592.20 on the BSE. The scrip opened at Rs. 594.00 and has touched a high and low of Rs. 599.40 and Rs. 592.00 respectively. So far 120735 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 629.65 on 15-Dec-2022 and a 52 week low of Rs. 488.05 on 19-Jul-2022. Last one week high and low of the scrip sto...
SBI gains on getting nod to set up new trustee company as wholly owned subsidiary
SBI gains on getting nod to set up new trustee company as wholly owned subsidiary
Source: Accord Fintech
19/07/2023 10:45:23 AM
Stock Picks : Aurobindo Pharma (AURPHA) Ltd and State Bank of India Ltd By ICICI Direct Aurobindo Pharma (AURPHA) Ltd Buy Aurobindo Pharma (AURPHA) Ltd @751-752; Target 763.00; Stop Loss 745.90   State Bank of India Ltd Buy State Bank of India Ltd @588-589; Target 597.00; Stop Loss 583.90       To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.tradebulls.in/disclaimer SEBI Registration number is INZ000171838  &nbs...
Stock Picks : Aurobindo Pharma (AURPHA) Ltd and State Bank of India Ltd By ICICI Direct
Stock Picks : Aurobindo Pharma (AURPHA) Ltd and State Bank of India Ltd By ICICI Direct
Source: ICICI Direct
19/07/2023 10:30:19 AM
Tech Stars : State Bank Of India (SBIN) By Religare Broking  State Bank Of India  Buy State Bank Of India. CMP: 601.35, Initiation Range 600-602, Stop Loss 587, Target 645 TECHNICAL RATIONALE – The banking index has made a strong comeback after the muted performance in the last two weeks. SBI has also ended the formation of buying pivot while holding firmly above the support zone of short term moving average i.e. 20 EMA. The chart pattern and buoyancy on the index is pointing towards steady rise. &...
Tech Stars : State Bank Of India (SBIN) By Religare Broking
Tech Stars : State Bank Of India (SBIN) By Religare Broking
Source: Religare Broking Ltd
18/07/2023 4:15:14 PM
Stock Picks : State Bank of India Ltd and Sun Pharma Ltd By ICICI Direct State Bank of India Ltd Buy State Bank of India Ltd @600-602; Target 609.80; Stop Loss 597.40   Sun Pharma Ltd Buy Sun Pharma Ltd @1075-1078; Target 1092.00; Stop Loss 1069.40       To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   ...
Stock Picks : State Bank of India Ltd and Sun Pharma Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd and Sun Pharma Ltd By ICICI Direct
Source: ICICI Direct
18/07/2023 10:51:06 AM
Mohandas Pai, former SBI chair to join Byju`s advisory council Early Byju's investor Mohandas Pai and former State Bank of India chairman Rajnish Kumar will join an advisory council at the Indian edtech startup, weeks after resignations by its auditor and investor representatives amid governance concerns. The council will mentor Byju's board and its CEO Byju Raveendran on crucial matters, the company said on Thursday. "As part of the advisory council, I look forward to advising the leadership in evolving the systems of governance and f...
Mohandas Pai, former SBI chair to join Byju`s advisory council
Mohandas Pai, former SBI chair to join Byju`s advisory council
Source: Reuters
13/07/2023 6:08:09 PM
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank Eighteen of India's 20 largest banks saw increases in market capitalization in the second quarter, boosted by a stock rally amid the banking sector's strong recovery, according to S&P Global Market Intelligence data and analysis. Nine banks reported double-digit percentage gains in market capitalization, led by IDFC First Bank Ltd. with a 44.53% climb to $6.41 billion. The lender rose to No. 11 from No. 14 in the ranking. IDBI Bank Ltd. climbed three spots to No. 8 after a 2...
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Source: IANS
13/07/2023 4:40:40 PM
NSDL files DRHP with SEBI for IPO National Securities Depository (NSDL) has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).  The IPO is a complete offer-for-sale (OFS) of more than 5.72 crore equity shares by existing shareholders. Under the OFS, IDBI Bank plans to offload 2.22 crore shares, National Stock Exchange (NSE) 1.80 crore shares, Union Bank of India 56.25 lakh shares, State Bank of India...
NSDL files DRHP with SEBI for IPO
NSDL files DRHP with SEBI for IPO
Source: Accord Fintech
11/07/2023 3:59:12 PM
HDFC Bank to sell 2% stake in NSDL IPO HDFC Bank will sell a 2% stake in the initial public offering (IPO) of National Securities Depository (NSDL), the lender informed exchanges on Sunday. The lender holds a 8.95% stake in NSDL, which handles most of the securities held and settled in dematerialised form in the Indian capital market. In its draft red herring prospectus (DRHP) dated July 7, the depository said the IPO will see sales of 57.3 million shares by its six shareholders. IDBI Bank will sell up to 22.2 million sha...
HDFC Bank to sell 2% stake in NSDL IPO
HDFC Bank to sell 2% stake in NSDL IPO
Source: Reuters
9/07/2023 10:44:42 AM
Stock Picks : Reliance Industries Ltd and State Bank of India Ltd By ICICI Direct Reliance Industries Ltd Buy Reliance Industries Ltd @2535-2539; Target 2569.00; Stop Loss 2523.00   State Bank of India Ltd Buy State Bank of India Ltd @573-575; Target 583.00; Stop Loss 570.40     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ00018363...
Stock Picks : Reliance Industries Ltd and State Bank of India Ltd By ICICI Direct
Stock Picks : Reliance Industries Ltd and State Bank of India Ltd By ICICI Direct
Source: ICICI Direct
30/06/2023 10:41:39 AM
State Bank of India rises as its arm opens new corporate office in Bandra Kurla Complex State Bank of India is currently trading at Rs. 568.90, up by 1.50 points or 0.26% from its previous closing of Rs. 567.40 on the BSE. The scrip opened at Rs. 567.00 and has touched a high and low of Rs. 569.40 and Rs. 566.05 respectively. So far 259048 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 629.65 on 15-Dec-2022 and a 52 week low of Rs. 437.70 on 21-Jun-2022. Last one week high and low of the scrip sto...
State Bank of India rises as its arm opens new corporate office in Bandra Kurla Complex
State Bank of India rises as its arm opens new corporate office in Bandra Kurla Complex
Source: Accord Fintech
21/06/2023 3:29:12 PM
Swaminathan Janakiraman appointed RBI deputy governor State Bank of India (SBI) managing director Swaminathan Janakiraman has been appointed the deputy governor of the Reserve Bank of India (RBI) by the government. The Appointments Committee of Cabinet (ACC) on Tuesday approved his appointment. Janakiraman will hold the post for a period of three years from the date of joining or until further orders, whichever is earlier.
Swaminathan Janakiraman appointed RBI deputy governor
Swaminathan Janakiraman appointed RBI deputy governor
Source: IANS
20/06/2023 5:57:11 PM
Buy State bank of India Target Rs.700 - Motilal Oswal Financial Services Balance sheet strengthens further; RoA/RoE surpass long-term average Tech becoming key growth enabler; net NPAs lowest in past two decades * State Bank of India’s(SBIN) FY23 annual report highlights that the bank is steadily strengthening its balance sheet and consistently delivering healthy RoE while maintaining its leadership position. *The bank continues to focus on building a superior loan book, as evident in a steady decline in stressed assets, improving PCR and robust loa...
Buy State bank of India Target Rs.700 - Motilal Oswal Financial Services
Buy State bank of India Target Rs.700 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
19/06/2023 2:35:19 PM
Reliance Industries tops India Inc in Forbes Global 2000 list for 2023 Reliance Industries Limited, the country's largest corporate by revenues, profits and market value, continued to top Indian corporates in the 2023 edition of The Global 2000 published by Forbes. Reliance Industries was placed at number 45 in the overall ranking of 2000 global corporates ahead of well-known names like Germany's BMW Group, Switzerland's Nestle, China's Alibaba Group, the US's Procter & Gamble and Japan's Sony. Reliance Industries improved its r...
Reliance Industries tops India Inc in Forbes Global 2000 list for 2023
Reliance Industries tops India Inc in Forbes Global 2000 list for 2023
Source: IANS
13/06/2023 3:11:26 PM
India's top lender SBI to raise up to 500 billion rupees via debt in FY24 State Bank of India, the country's largest lender, said on Friday it plans to raise up to 500 billion rupees ($6.06 billion) this financial year by issuing debt instruments, as lenders look to meet rising demand for credit. SBI will raise the funds in rupee or any other convertible currency by issuing debt instruments, including long-term bonds, Basel III-compliant Additional Tier-1 (AT-1) bonds and Tier-2 bonds, the bank said in an exchange filing. The fund-raising plans come as le...
India's top lender SBI to raise up to 500 billion rupees via debt in FY24
India's top lender SBI to raise up to 500 billion rupees via debt in FY24
Source: Reuters
9/06/2023 2:18:53 PM
India's Yes Bank aims to expand margins by 100 bps in next 3 years - MD  India's Yes Bank sees scope to expand its net interest margin by 100 basis points over the next three years by raising more low-cost deposits and lending to higher-yield clients, its managing director and CEO told Reuters on Wednesday. The push to improve net interest margins (NIM), together with lower loan-loss provisions, is part of an effort to boost profitability at the lender, which was rescued by a consortium of state-owned entities and private banks in 2020 after a dramati...
India's Yes Bank aims to expand margins by 100 bps in next 3 years - MD
India's Yes Bank aims to expand margins by 100 bps in next 3 years - MD
Source: Reuters
7/06/2023 5:35:54 PM
Buy State Bank of India Ltd For Target Rs. 795 - Yes Securities SBI has answers for capital and ECL questions   Result Highlights * Asset quality: Gross NPA additions amounted to Rs 34.58 bn (annualized NPA addition ratio of 0.4%) and recoveries and upgrades were healthy at Rs 42.0bn * Margin picture: Whole bank NIM at 3.60% was up 10bps/45bps QoQ/YoY, sequentially higher due to yield on advances moving up faster than cost of deposits * Asset growth: Whole bank advances grew 4.3%/16% QoQ/YoY driven sequentially by Corporate, Retail and...
Buy State Bank of India Ltd For Target Rs. 795 - Yes Securities
Buy State Bank of India Ltd For Target Rs. 795 - Yes Securities
Source: Yes Securities Ltd
1/06/2023 3:15:58 PM
Investment more than consumption leading India's economic growth - economists  A surge in investments that offset sluggish consumption to boost India's growth in 2022-23 is expected to power the economy in the current financial year as the government pushes ahead with massive capital expenditure plans, economists said. This, in turn, could reflect across sectors like construction, which have a multiplier effect on the economy by creating employment, eventually generating consumption demand, they said. "The investment demand is the only component tha...
Investment more than consumption leading India's economic growth - economists
Investment more than consumption leading India's economic growth - economists
Source: Reuters
1/06/2023 3:10:21 PM
Buy State Bank of India Ltd For Target Rs. 700 - JM Financial Institutional Securities Strong show continues SBIN reported a robust quarter: a) healthy core PPOP growth of +19.5% YoY, b) continued loan growth momentum (+4.3% QoQ, +16% YoY) and robust asset quality (GNPLs/NNPLs/SMA1and2 at 2.78%/0.67%/0.10%). Strong operating performance was driven by 15bps QoQ expansion in domestic NIMs to 3.84%. Loan growth was well rounded across sectors and management guided for a growth of 12-14.0% going ahead. Deposit growth was lower at +9.2% YoY; SBINs liability franchise remains unpa...
Buy State Bank of India Ltd For Target Rs. 700 - JM Financial Institutional Securities
Buy State Bank of India Ltd For Target Rs. 700 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
30/05/2023 3:44:13 PM
Buy State Bank of India Ltd For Target Rs. 700 - Emkay Global Financial Services Ltd SBI has once again delivered a strong earnings beat, at Rs167bn (Emkay: Rs127bn), mainly led by healthy growth, continued increase in margin/core fees, and lower provisions. Staff cost was higher owing to wage-revision provision (Rs15bn) as well as PLI incentive. Going forward, the bank expects growth to moderate to 12-14% in FY24 from 17% in FY23, but continued traction in the retail portfolio, along with MCLR repricing and LDR improvement, should support margins. Bank has not indicated any ...
Buy State Bank of India Ltd For Target Rs. 700 - Emkay Global Financial Services Ltd
Buy State Bank of India Ltd For Target Rs. 700 - Emkay Global Financial Services Ltd
Source: Emkay Global Financial Services Ltd
24/05/2023 12:17:51 PM
Buy State Bank of India Ltd For Target Rs. 743 - LKP Securities Ltd Result and Price Analysis State Bank of India (SBIN) has delivered a strong result on operating and assets quality front. It’s reported GNPA (2.78% v/s 3.14% in 3QFY23) and NNPA (0.67% v/s 0.77% in 3QFY23) holds steady with stable PCR (incl. AUCA) of 92%. Furthermore SMA1/2 (8bps v/s 2bps) decreased meaningfully. The bank has witnessed better than expected advance growth (17% YoY & 4.6% QoQ) led by growth across segment and steady deposit base (9.2% YoY & 5% QoQ) sequentially...
Buy State Bank of India Ltd For Target Rs. 743 - LKP Securities Ltd
Buy State Bank of India Ltd For Target Rs. 743 - LKP Securities Ltd
Source: LKP Securities Ltd
24/05/2023 11:48:32 AM
Withdrawal of Rs 2000 currency note to have favourable bearing on bank deposits, interest rates: SBI report The SBI's research report 'Ecowrap' has said that the withdrawal of Rs 2000 currency note is likely to be a non-event but it will have a favourable bearing on liquidity, bank deposits and interest rates. It expects that almost the entire amount of Rs 3.6 lakh crore in the form of Rs 2000 will come back to the banking system (the report assumes 10-15 per cent of the total Rs 2000 notes are in currency chests).  Ecowrap said ‘decoding exchange/deposit dynamics, we unde...
Withdrawal of Rs 2000 currency note to have favourable bearing on bank deposits, interest rates: SBI report
Withdrawal of Rs 2000 currency note to have favourable bearing on bank deposits, interest rates: SBI report
Source: Accord Fintech
24/05/2023 11:28:04 AM
SBI gains on reporting 84% rise in Q4 consolidated net profit State Bank Of India is currently trading at Rs. 577.30, up by 2.25 points or 0.39% from its previous closing of Rs. 575.05 on the BSE. The scrip opened at Rs. 578.30 and has touched a high and low of Rs. 580.25 and Rs. 573.70 respectively. So far 325435 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 629.65 on 15-Dec-2022 and a 52 week low of Rs. 430.80 on 20-Jun-2022. Last one week high and low of the scrip sto...
SBI gains on reporting 84% rise in Q4 consolidated net profit
SBI gains on reporting 84% rise in Q4 consolidated net profit
Source: Accord Fintech
22/05/2023 3:39:39 PM
Buy State Bank of India Ltd For Target Rs. 677 - Religare Broking Ltd Strong top-line growth: State Bank of India posted its Q4FY23 results in line with the expectations as net interest income (NII) increased by 29.5% YoY/6.1% QoQ to Rs 40,393cr. The growth in net interest income was on account of improvement in net interest margin (NIM) by 44bps YoY to 3.84% in the quarter while yield on advances saw an increase of 52bps to 8.1%. Interest expended saw a rise of 32.9% YoY/8.3% QoQ as cost of deposits stood at 3.99%, an increase of 16bps YoY. Increased profit...
Buy State Bank of India Ltd For Target Rs. 677 - Religare Broking Ltd
Buy State Bank of India Ltd For Target Rs. 677 - Religare Broking Ltd
Source: Religare Broking Ltd
21/05/2023 11:30:12 AM
SBI rises on inking pact with Godrej Agrovet State Bank of India is currently trading at Rs.575.90, up by 1.75 points or 0.30% from its previous closing of Rs. 574.15 on the BSE. The scrip opened at Rs. 579.10 and has touched a high and low of Rs. 586.05 and Rs. 569.75 respectively. So far 499676 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 629.65 on 15-Dec-2022 and a 52 week low of Rs. 430.80 on 20-Jun-2022. Last one week high and low of the scrip stoo...
SBI rises on inking pact with Godrej Agrovet
SBI rises on inking pact with Godrej Agrovet
Source: Accord Fintech
19/05/2023 11:40:54 AM
India`s top lender SBI posts 83% jump in Q4 profit State Bank of India, the country's largest lender, on Thursday reported a more than 83% jump in fourth-quarter profit, led by a sharp drop in provisions on bad loans and healthy credit growth. Net profit was 166.95 billion rupees ($2.04 billion)for the quarter ended March 31, compared with 91.14 billion rupees a year earlier, the lender said in an exchange filing. ($1 = 81.7800 Indian rupees)
India`s top lender SBI posts 83% jump in Q4 profit
India`s top lender SBI posts 83% jump in Q4 profit
Source: Reuters
18/05/2023 2:12:19 PM
Godrej Agrovet moves up on partnering with SBI to launch finance offering for Indian Oil Palm farmers Godrej Agrovet is currently trading at Rs. 425.25, up by 2.90 points or 0.69% from its previous closing of Rs. 422.35 on the BSE. The scrip opened at Rs. 424.30 and has touched a high and low of Rs. 425.25 and Rs. 424.10 respectively. So far 39 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.00 on 13-Sep-2022 and a 52 week low of Rs. 391.20 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs...
Godrej Agrovet moves up on partnering with SBI to launch finance offering for Indian Oil Palm farmers
Godrej Agrovet moves up on partnering with SBI to launch finance offering for Indian Oil Palm farmers
Source: Accord Fintech
18/05/2023 10:43:09 AM
Stock Picks : State Bank of India Ltd and Sun Pharma Ltd By ICICI Direct State Bank of India Ltd Buy State Bank of India Ltd @578.50-579.50 CMP 580.00; Target 587.00; Stop Loss 573.70   Sun Pharma Ltd Buy Sun Pharma Ltd @972-974 CMP 974.00; Target 986.00; Stop Loss 964.70   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631 &nbs...
Stock Picks : State Bank of India Ltd and Sun Pharma Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd and Sun Pharma Ltd By ICICI Direct
Source: ICICI Direct
5/05/2023 11:15:28 AM
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals Merchant commerce omni-channel platform Pine Labs on Tuesday announced the acceptance of digital rupee on its point of sale (PoS) terminals in partnership with ICICI Bank. To begin with, Pine Labs will accept e-rupee across key retail outlets in Mumbai and Bengaluru via dynamic QR, built within its smart Android PoS terminals. "Central bank digital currency (CBDC) and digital rupee opens up exciting opportunities. Pine Labs is happy to partner with ICICI Bank in launching CBDC as a...
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals
Source: IANS
2/05/2023 12:55:40 PM
Stock Picks : State Bank of India Ltd and Bharat Electronics Ltd By ICICI Direct State Bank of India Ltd Buy State Bank of India Ltd @579-580 CMP578.30; Target 587.30; Stop Loss 574.70   Bharat Electronics Ltd Buy Bharat Electronics Ltd @103.50-104.00 CMP103.30; Target 105.30; Stop Loss 102.70     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000...
Stock Picks : State Bank of India Ltd and Bharat Electronics Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd and Bharat Electronics Ltd By ICICI Direct
Source: ICICI Direct
2/05/2023 11:19:42 AM
North East Bankers` Conclave in Delhi to decide actionable strategies for region The North East Bankers' Conclave 2023 will be held in Delhi on April 28 to decide on actionable strategies to address issues at various levels, from policy planning to grass-roots level implementation, officials said on Wednesday. The Guwahati-based North Eastern Development Finance Corporation Limited (NEDFi), a public financial institution, will organise the conclave at the Constitution Club of India in the national capital with support from the Ministry of Development of North Easte...
North East Bankers` Conclave in Delhi to decide actionable strategies for region
North East Bankers` Conclave in Delhi to decide actionable strategies for region
Source: IANS
27/04/2023 9:45:47 AM
Stock Picks : Lupin Ltd and State Bank of India (STABAN) By ICICI Direct Lupin (LUPIN) Buy Lupin (LUPIN) CMP 684.25: Initiation Range 683-685: Target 693.90: Stop Loss 677.30   State Bank of India (STABAN) Buy State Bank of India (STABAN) CMP 544.80: Initiation Range 544.50-545.30: Target 552.90: Stop Loss 539.80   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ...
Stock Picks : Lupin Ltd and State Bank of India (STABAN) By ICICI Direct
Stock Picks : Lupin Ltd and State Bank of India (STABAN) By ICICI Direct
Source: ICICI Direct
21/04/2023 10:17:32 AM
Indian state banks to await yields uptick before buying more government bonds  India's state-run banks are likely to wait for government bond prices to drop before rebuilding positions, traders said. Banks have been offloading notes over the past month to book profits following a price rally led by hopes of a policy pivot by the local and U.S. central banks.  "Public sector banks will look to enter in a major way only around 7.28%-7.30% levels, and until then we may see them booking profits and staying on the sidelines," said a senior trea...
Indian state banks to await yields uptick before buying more government bonds
Indian state banks to await yields uptick before buying more government bonds
Source: Reuters
19/04/2023 4:09:52 PM
State Bank of India soars on re-launching retail term deposit scheme `Amrit Kalash` State Bank Of India is currently trading at Rs. 541.15, up by 8.00 points or 1.50% from its previous closing of Rs. 533.15 on the BSE. The scrip opened at Rs. 525.25 and has touched a high and low of Rs. 542.85 and Rs. 525.25 respectively. So far 673809 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 629.65 on 15-Dec-2022 and a 52 week low of Rs. 430.80 on 20-Jun-2022. Last one week high and low of the scrip sto...
State Bank of India soars on re-launching retail term deposit scheme `Amrit Kalash`
State Bank of India soars on re-launching retail term deposit scheme `Amrit Kalash`
Source: Accord Fintech
17/04/2023 2:32:25 PM
Stumped by Reserve Bank of India's decision on repo rate, experts react The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) certainly bowled a googly at the experts who had predicted a 25 basis points repo rate hike. Interestingly, RBI Governor Shaktikanta Das on Thursday announced that the MPC has decided to hold the repo rate at 6.5 per cent. Consequently, the standing deposit facility (SDF) rate will remain unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decide...
Stumped by Reserve Bank of India's decision on repo rate, experts react
Stumped by Reserve Bank of India's decision on repo rate, experts react
Source: IANS
6/04/2023 2:53:25 PM
Stock Picks : State Bank of India Ltd and Divis Laboratories Ltd By ICICI Direct State Bank of India Ltd Buy State Bank of India Ltd CMP 526.75; Initiation Range 525.50-526.50; Target 533.80; Stop Loss 521.40   Divis Laboratories Ltd Buy Divis Laboratories Ltd CMP 2874.70; Initiation Range 2868-2874; Target 2912.00 ; Stop Loss 2847.00   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number...
Stock Picks : State Bank of India Ltd and Divis Laboratories Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd and Divis Laboratories Ltd By ICICI Direct
Source: ICICI Direct
5/04/2023 10:46:10 AM
Paytm UPI Lite crosses 4 mn users with 10 mn transactions to date Homegrown Paytm Payments Bank has now over 4.3 million users on Paytm UPI Lite with more than over 10 million transactions so far through the Paytm Super App, the company said on Tuesday. Paytm UPI Lite continues to gain rapid popularity among the masses to carry out small-value transactions of up to Rs 200 in a single tap. Currently, 10 banks support Paytm UPI Lite -- Paytm Payments Bank, Canara Bank, Central Bank of India, HDFC Bank, Indian Bank, Kotak Mahindra Bank, Punjab National B...
Paytm UPI Lite crosses 4 mn users with 10 mn transactions to date
Paytm UPI Lite crosses 4 mn users with 10 mn transactions to date
Source: IANS
4/04/2023 5:59:26 PM
Stock Picks : State Bank of India Ltd and Bharat Electronics Ltd By ICICI Direct State Bank of India Ltd Buy State Bank of India Ltd CMP 523.75; Initiation Range 522-524; Target 529.80; Stop Loss518.40   Bharat Electronics Ltd Buy Bharat Electronics Ltd CMP 97.55; Initiation Range 96.60-97.10; Target 98.60; Stop Loss 95.90   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   ...
Stock Picks : State Bank of India Ltd and Bharat Electronics Ltd By ICICI Direct
Stock Picks : State Bank of India Ltd and Bharat Electronics Ltd By ICICI Direct
Source: ICICI Direct
3/04/2023 11:02:32 AM
Govt authorises SBI to issue electoral bonds between April 3-12 The State Bank of India (SBI) has been authorised by the government to issue and encash electoral bonds through its 29 authorised branches across the country from April 3 till April 12. According to a Finance Ministry notification issued on Friday, the electoral bonds will be valid for 15 days from the date of issue and no payment will be made to any payee political party if the bond is deposited after expiry of the validity period. The electoral bond deposited by an eligible political ...
Govt authorises SBI to issue electoral bonds between April 3-12
Govt authorises SBI to issue electoral bonds between April 3-12
Source: IANS
1/04/2023 8:46:57 AM