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1 min read
India's largest bank reports a sharp fall in bad loans — enough for the street to ignore the 7% fall in profit
Total income (standalone) also fell marginally to Rs 75,980.65 crore during Q3FY21, as against …
PTI
3 mins read
SBI rallies over 6% after strong earnings with analysts pegging it to be the first to recover among public sector banks
The share price of India’s largest public-sector lender, the State Bank of India (SBI), is up by ov…
2 mins read
SBI’s profit jumps over 50% in Q2 — India’s largest bank plans to outperform the industry when it comes to credit growth
India’s largest bank, the State Bank of India (SBI), has logged a net profit of 51.88% on an annual…
5 mins read
India’s 20 state owned banks get about $5 billion back from a loan written off and they are thrilled
The amount of ₹34,250 crore ($4.61 billion) paid by Piramal will be through a combination of cas…
1 min read
India's largest bank sees profit rise and bad loans shrink
Lending major State Bank of India (SBI) on Wednesday reported a year-on-year rise of 55.25 per cent…
3 mins read
SBI Card share price has surged by 20% in July so far as India’s second largest credit card issuer beats lockdown blues
The SBI Card share price hit a low of ₹495 in May. However, since then, it has shown an upward t…
3 mins read
SBI share price is up 5% as brokerages raise target prices to over ₹200
SBI share price was up by 5% after the bank reported a 315% jump in profits during Q4. Credit Suiss…
3 mins read
SBI Card has surged 40% as lockdown blues blow over — but those who got shares in the IPO are still in the red
SBI Card was touted as a blockbuster initial public offering (IPO), but those who got shares allott…
3 mins read
India's largest bank's profit spikes thanks to SBI Cards share sale— bad loans are under control
India’s largest bank, the State Bank of India (SBI), posted a profit of ₹3,480.81 crore for the f…
3 mins read
India's banking stocks are on fire after top court allows them to call out bad loans
Indian banks are rallying on the stock market after the Supreme Court’s judgement on the loan morat…
2 mins read
Breather for Anil Ambani as Supreme Court dismisses SBI plea
The Supreme Court bench, headed by Justice L. Nageswara Rao, directed the Delhi High Court to co…
1 min read
SBI share price jumps over 2% as profit spikes 41% in the latest quarterly earnings
On asset front, the lender showed improvement with the gross non-performing assets (NPAs) falli…
PTI
1 min read
SBI to hold virtual annual general meeting on Jun 17
In April, Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) ha…
PTI
4 mins read
Just like SBI, ICICI Bank has created a cash cushion in case bad loans rise
ICICI Bank has been busy raising capital in the month of June and this will not only help boost its…
3 mins read
Pandemic to push credit card transactions further: SBI Card CEO
"After demonetisation, cash was converted into digital (money/ transactions)...even if I get 5 per …
PTI
3 mins read
Top Indian banks with the biggest chunks of loans to individual borrowers— and coronavirus has triggered a huge risk
So far, the Indian banking system has total non-performing assets (NPA) worth ₹9.36 lakh crore (…
4 mins read
Yes Bank is damaged beyond repair, says Nomura while RBI tells depositors to keep calm
The private bank on the brink of collapse has been saved by the government, and the regulator Reser…
3 mins read
Corporate governance: SBI weighed down by its own laws, says IiAS
SBI's board structure is defined in the SBI Act: it is required to have a chairperson and a vice-ch…
PTI
2 mins read
CCI dismisses unfair biz practices complaint against SBI, Patanjali, International Traders
However, CCI said any bank under the provisions of the Securitisation and Reconstruction of Financ…
PTI
1 min read
SBI reports loan divergence of Rs 11,932 cr for FY19
New Delhi, Dec 10 () The country's largest lender State Bank of India (SBI) on Tuesday reported abo…