State Bank of India (SBI.BO)
|Market Cap (Mil.):||Rs1,896,557.00|
|Shares Outstanding (Mil.):||746.57|
MUMBAI - State Bank of India (SBI), the country's largest lender, said on Wednesday that a plan to merge associate banks with itself was not under active consideration and the state-owned bank could examine the option later.
MUMBAI, June 11 - State Bank of India (SBI) , the country's largest lender, said on Wednesday that a plan to merge associate banks with itself was not under active consideration and the state-owned bank could examine the option later.
* Shares in State Bank of India gain as much as 3 percent, adding to Friday's 9.6 percent jump, after earlier hitting their highest level since April 2011, as brokers raise target price and estimates on the stock, citing Jan-March earnings. * Jefferies raises its target price to 3,415 rupees from 2,875 rupees, while maintaining its "buy" rating on the stock, and Credit Suisse upgrades target price to 2,405 rupees from 2,049 rupees and maintains "neutral" rating on the stock. * The bank on Friday
NEW DELHI - State Bank of India (SBI), the nation's biggest lender, reported a drop in bad loans and quarterly net profit that beat forecasts, sending its shares to their highest level in three years.
* Q4 net profit down 8 pct to $519.8 mln, ahead of estimates
MUMBAI, May 23 - Indian shares rose more than 1 percent on Friday to mark a record closing high with State Bank of India surging after reporting bad loans fell in January-March from the previous quarter.
NEW DELHI, May 23 - State Bank of India (SBI) , the nation's top lender, reported its fifth consecutive quarter of declining profit as slower loan growth and a rise in bad loans take a toll on Indian lenders.
LONDON, May 16 - The cost of insuring State Bank of India's debt, used as a proxy for Indian sovereign debt, fell to 11-month lows on Friday following a decisive election win for India's pro-business BJP party.
* India's benchmark BSE index gains 0.7 percent and the broader NSE index rises 0.79 percent to hit their record highs for a fourth straight session, in volatile trade ahead of the expiry of monthly derivatives contracts. * Gains are also backed by higher rollovers on absolute basis coupled with high roll cost, indicating market participants are bullish for April series. * Banking and capital goods stocks lead gains with State Bank of India gaining 4.5 percent after Goldman Sachs upgrades the s
MUMBAI - State Bank of India (SBI) said on Friday it would boost vigilance of bad loans after the country's largest lender disappointed analysts and posted a fourth consecutive quarterly drop in net income.