State Bank of India (SBI.NS)
22 May 2015
* Yet to decide on timing of up to $2.4 bln share sale (Adds management comments)
* Exec says: has restructuring pipeline of 26.25 billion rupees
MUMBAI, May 22 - Indian shares rose around 0.5 percent to a five-week closing high, tracking higher Asian markets as weak U.S. economic data bolstered expectations that a U.S. interest rate hike would come only later in the year.
* Sold 45.10 billion rupees worth loans to asset reconstruction companies in Q4 - CNBC TV18 Further company coverage: (Reporting By Devidutta Tripathy)
MUMBAI, May 22 - Indian shares rose about 0.5 percent to a four-week high on Friday after State Bank of India reported a lower-than-expected bad loan ratio and a sharp increase in profits, raising optimism about the banking sector.
MUMBAI, May 22 - State Bank of India, the nation's top lender by assets, reported a better-than-expected 23 percent increase in quarterly profit and a lower bad loan ratio, sending its shares more than 5 percent higher.
MUMBAI - State Bank of India's plan to raise up to 150 billion rupees ($2.4 billion) via a share sale will now likely take place in June instead of April due to a fall in the lender's stock price, three sources directly involved in the process told Reuters.
MUMBAI, April 24 - State Bank of India's plan to raise up to 150 billion rupees ($2.4 billion) via a share sale will now likely take place in June instead of April due to a fall in the lender's stock price, three sources directly involved in the process told Reuters.
* State Bank of India lowers rates (Updates with State Bank of India lowering lending rates)
MUMBAI - State Bank of India, the country's top lender, will reduce its base lending rate by 15 basis points to 9.85 percent, effective Friday, senior executives at the lender said on Tuesday.