State Bank of India (SBI.NS)
SINGAPORE, June 4 (IFR) - State Bank of India, rated Baa3/BBB-/BBB-, is planning a return to the US dollar bond market soon. The lender is likely to mandate six to seven banks on a potential offering next week, sources aware of the situation told IFR.
MUMBAI - State Bank of India (SBI), the nation's top lender by assets, said on Tuesday it would cut its base lending rate by 15 basis points to 9.7 percent effective June 8 after the central bank cut its key policy rate for the third time this year.
* State Bank of India to cut base rate by 25 bps effective June 8
MUMBAI, June 2 - State Bank of India (SBI) , the nation's top lender by assets, said on Tuesday it will cut its base lending rate by 15 basis points to 9.7 percent, effective June 8.
* 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.