State Bank of India (SBI.NS)
30 Jan 2015
MUMBAI - Bank of Baroda Ltd increased bad debt provisions by 66 percent in the third quarter, contributing to a big drop in profits, and the bank said bad loan growth would remain a problem in the short term.
* Both banks see bad loans rise in Q3, shares tumble (Adds ICICI Bank results, updates shares)
* BSE index rises to record high of 28,205.71 * NSE index marks all-time high of 8,438.1 * SBI rises to 3-1/2 year high on Q2 asset quality * Tata Motors rises to all-time high on JLR's earnings By Abhishek Vishnoi MUMBAI, Nov 17 - Indian shares rose to record highs on Monday as state-run lenders rallied after State Bank of India reported better-than-expected asset quality in July-September, raising hopes for a revival in a sector laden by bad loans. Sentiment
MUMBAI, Nov 17 - Indian shares rose to record highs on Monday as state-run lenders rallied after State Bank of India reported better-than-expected asset quality in July-September, raising hopes for a revival in a sector laden by bad loans.
Reuters Market Eye - State Bank of India's shares gain as much as 2.9 pct to their highest intraday level since April 2011.
* State Bank of India's shares gain as much as 2.9 pct to their highest intraday level since April 2011 * Better-than-expected asset quality in Q2 continues to help, say traders. * Asset quality continues to get better with six consecutive improvements in impairment asset formation ratio - Jefferies. * Separately, SBI said improving loan quality will take time for Indian banks. * SBI shares up 2.5 pct at 0449 GMT after a 2.5 pct rise on Friday * Stock up 61.8 pct YTD vs a 32.7 pct gain in th
MUMBAI - State Bank of India, India's largest lender, warned on Friday there would be no quick fix for the country's banks, as improvements in loan quality will be gradual while a pick-up in credit demand could be a year away.
MUMBAI - The BSE Sensex ended at a record closing high on Friday as foreign investors continued to pile into domestically oriented blue-chips such as Asian Paints Ltd amid a slide in crude oil prices and data showing easing wholesale inflation.
* Shares in associate units of State Bank of India surge. * The lender says it is close to coming up with a roadmap on associate bank mergers. * State Bank of Travancore surges 5.3 percent, while State Bank of Bikaner and Jaipur jumps 5.4 percent. * State Bank of Mysore soars 6 percent. (firstname.lastname@example.org / email@example.com)
MUMBAI, Nov 14 - State Bank of India (SBI) , the nation's top lender by assets, reported a 30.5 percent increase in quarterly profit, but lagged estimates as provisions for bad loans increased.