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India

State Bank of India (SBI.BO)

SBI.BO on Bombay Stock Exchange

313.60INR
3:59pm IST
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Latest Key Developments (Source: Significant Developments)

Edelweiss Financial Services Teams Up With SBI For Co-Origination Of Loans To MSMEs
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - Edelweiss Financial Services Ltd ::EDELWEISS TEAMS UP WITH SBI FOR CO-ORIGINATION OF LOANS TO MSMES.  Full Article

State Bank Of India Exec Says Hope Credit Growth Will Improve From Q2 Onwards
Tuesday, 20 Aug 2019 

Aug 20 (Reuters) - State Bank of India Exec ::STATE BANK OF INDIA EXEC SAYS BANK HAS DONE FEW DEALS WITH NBFCS FOR CO-ORIGINATION OF LOANS.STATE BANK OF INDIA EXEC SAYS KEY ISSUE FOR NBFCS IS SOLVENCY WHICH NEEDS TO BE CORRECTED IN LONG RUN.STATE BANK OF INDIA EXEC SAYS MEASURES TAKEN ON NBFCS SO FAR ARE FAIRLY ADEQUATE.STATE BANK OF INDIA EXEC SAYS IN TALK WITH 4-5 NBFCS FOR CO-ORIGINATION OF LOANS.STATE BANK OF INDIA EXEC SAYS DHFL RESOLUTION PROCESS IS IN WORKS AND IS BEING EVALUATED.STATE BANK OF INDIA EXEC SAYS MFS AND DEBENTURE HOLDERS HAVE ASKED FOR CLARITY AROUND DHFL BEFORE SIGNING THE ICA.STATE BANK OF INDIA EXEC SAYS FROM SECOND QUARTER ONWARDS, WE HOPE CREDIT GROWTH WILL IMPROVE.STATE BANK OF INDIA EXEC SAYS WE EXPECT THE SLOWDOWN SIGNALS ARE CYCLICAL IN NATURE.STATE BANK OF INDIA EXEC SAYS HOUSING FINANCE COMPANIES BEING REGULATED BY RBI IS A GOOD STEP.STATE BANK OF INDIA EXEC SAYS ALL REGULATORS AND BANKS WORKING JOINTLY, WANT BEST RESULT ON DHFL RESOLUTION.  Full Article

SBI Says Executive Committee Approves Possibile Stake Dilution In SBI Cards & Payment Services
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - State Bank of India ::SBI- EXECUTIVE COMMITTEE OF CENTRAL BOARD OF BANK APPROVES POSSIBILITY OF DILUTING CO'S STAKE IN SBI CARDS & PAYMENT SERVICES VIA IPO.  Full Article

State Bank Of India Exec Says Difficult To Increase NIMs Due To Muted Credit Growth
Friday, 2 Aug 2019 

Aug 2 (Reuters) - State Bank of India Chairman Rajnish Kumar ::STATE BANK OF INDIA EXEC SAYS BANK CONTINUES TO INCREASE PROVISIONS COVERAGE RATIO FOR BAD LOANS.STATE BANK OF INDIA EXEC SAYS PROVIDED 23 BILLION RUPEES FOR 2 LARGE ACCOUNTS IN QUARTER.STATE BANK OF INDIA EXEC SAYS SLOW TERM DEPOSIT GROWTH IS NOT A WORRY.STATE BANK OF INDIA EXEC SAYS ONE REASON FOR HIGH SLIPPAGES THIS QUARTER IS AGRI LOANS DUE TO DEBT WAIVER.STATE BANK OF INDIA EXEC SAYS SEEING A DECLINE IN ATM TRANSACTIONS IN PERCENTAGE TERMS.STATE BANK OF INDIA EXEC SAYS BANKS ARE FACING ECONOMIC CHALLENGES.STATE BANK OF INDIA EXEC SAYS IN MOST GEOGRAPHIES, AGRICULTURE IS MOVING AND STRESS MAY COME DOWN.STATE BANK OF INDIA EXEC SAYS AUTO SECTOR IS A CONCERN.STATE BANK OF INDIA EXEC SAYS DESPITE AUTO SECTOR STRESS, THERE IS NO CONCENTRATION RISK.STATE BANK OF INDIA EXEC SAYS EXPOSURE TO AUTO DEALERS IS 115 BILLION RUPEES.STATE BANK OF INDIA EXEC SAYS WRITE OFF IN THIS QUARTER AT 150 BILLION RUPEES.STATE BANK OF INDIA EXEC SAYS OUTLOOK REMAINS POSITIVE FOR RECOVERIES.STATE BANK OF INDIA EXEC SAYS IPO OF SBI CARDS IS ON THE CARDS THIS FINANCIAL YEAR.STATE BANK OF INDIA EXEC SAYS WILL RAISE CAPITAL AFTER SEEING HOW GROWTH PICKS UP IN THE ECONOMY.STATE BANK OF INDIA EXEC SAYS TOTAL STRESS PORTFOLIO IS OF 270 BILLION RUPEES.STATE BANK OF INDIA EXEC SAYS GROSS SLIPPAGES TO BE BELOW 2% BEFORE END OF FY20.STATE BANK OF INDIA EXEC SAYS IN VERY ADVANCED STAGE OF RESOLUTION OF 3 LARGE STRESSED ACCOUNTS.  Full Article

State Bank Of India June-Qtr Domestic NIM Rises To 3.01%
Friday, 2 Aug 2019 

Aug 2 (Reuters) - State Bank of India ::Q1 DOMESTIC CREDIT GROWTH AT 11.89% YOY.SAYS JUNE-QUARTER NIM (DOMESTIC) 3.01% VERSUS 2.95% YEAR AGO.QTRLY SLIPPAGE RATIO 2.83% VERSUS 1.95%.Q1 GROSS SLIPPAGES UP 62.38% TO 162.12 BILLION RUPEES.  Full Article

India Proposes To Disinvest 51% Stake In Pawan Hans Ltd - Newspaper Advertisement
Thursday, 11 Jul 2019 

July 11 (Reuters) - NEWSPAPER ADVERTISEMENT::INDIA PROPOSES TO DISINVEST 51% STAKE IN HELICOPTER SERVICE PAWAN HANS LTD .INDIA APPOINTED SBI CAPITAL CAPITAL MARKETS LTD TO MANAGE DISINVESTMENT PROCESS.  Full Article

State Bank Of India Approves Raising AT 1 Capital Upto 70 Bln Rupees
Monday, 1 Jul 2019 

July 1 (Reuters) - State Bank of India ::APPROVED RAISING AT 1 CAPITAL UPTO 70 BILLION RUPEES VIA ISSUANCE OF BASEL-III COMPLIANT DEBT INSTRUMENT.  Full Article

IAG Says Discussions Held Over Potential Sale Of 26% Interest In SBI General Insurance
Tuesday, 25 Jun 2019 

June 25 (Reuters) - Insurance Australia Group Ltd ::CONTINUES TO ASSESS OPTIONS FOR JOINT VENTURE INTERESTS IN ASIA, INCLUDING ITS INTEREST IN SBIG.DISCUSSIONS HAVE BEEN HELD WITH EXTERNAL PARTIES REGARDING A POTENTIAL SALE OF ALL OR PART OF IAG'S 26% INTEREST IN SBIG.NOTES SPECULATION REGARDING IAG'S 26% INTEREST IN SBI GENERAL INSURANCE COMPANY.DISCUSSIONS HELD WITH PARTIES ON POTENTIAL SALE OF ALL OR PART OF IAG'S 26% STAKE IN SBI GENERAL INSURANCE COMPANY.  Full Article

Jet Airways India's Two Independent Directors Resign
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Jet Airways (India) Ltd ::2 INDEPENDENT DIRECTORS RESIGN.SAYS ASHOK CHAWLA, SHARAD SHARMA RESIGN AS INDEPENDENT DIRECTORS.SAYS NO ADDITIONAL DIRECTORS APPOINTED AND PROCESS OF BANK-LED RESOLUTION PLAN NOT MOVING FORWARD.  Full Article

SBI Says Stay Order For Liquidation Of Sterling Biotech Passed
Thursday, 13 Jun 2019 

June 13 (Reuters) - Andhra Bank ::ANDHRA BANK APPEALED AGAINST ORDER IN NCLAT WHEREIN STAY ORDER IN REGARD TO LIQUIDATION OF STERLING BIOTECH LTD HAS BEEN PASSED.  Full Article

TABLE-India Prime Lending Rates (PLR) of Banks

Sep 9 Sep 9 The following are the historical prime lending rates (PLR) of State Bank of India, ICICI Bank & Standard Chartered Bank. State Bank of India =================== Date Prime Lending Rate (SBAR - State Bank Advance Rate) ---- -------------------------------- 10-Sep-19 13.70 10-Mar-19 13.80 10-Dec-18 13.80 01-Oct-18 13.75 01-Jul-18