Edition:
India

State Bank of India (SBI.BO)

SBI.BO on Bombay Stock Exchange

340.85INR
22 May 2019
Change (% chg)

Rs3.30 (+0.98%)
Prev Close
Rs337.55
Open
Rs339.50
Day's High
Rs342.80
Day's Low
Rs333.55
Volume
1,969,361
Avg. Vol
1,433,183
52-wk High
Rs347.10
52-wk Low
Rs241.30

Latest Key Developments (Source: Significant Developments)

State Bank Of India To Consider Raising Basel III Compliant Tier 2 Bonds Up To 50 Bln Rupees During FY20
Wednesday, 22 May 2019 

May 22 (Reuters) - State Bank of India ::TO CONSIDER RAISING BASEL III COMPLIANT TIER 2 BONDS UP TO 50 BILLION RUPEES IN USD/INR DURING FY20.  Full Article

Etihad Airways Likely To Submit Bid For Jet Airways With Certain Conditions - Sources
Friday, 10 May 2019 

May 10 (Reuters) - :ETIHAD AIRWAYS LIKELY TO SUBMIT A BID FOR JET AIRWAYS WITH CERTAIN CONDITIONS - SOURCES.  Full Article

State Bank Of India Posts March Qtr Net Profit
Friday, 10 May 2019 

May 10 (Reuters) - State Bank of India ::MARCH QUARTER PAT 8.38 BILLION RUPEES - TV.MARCH QUARTER STANDALONE NET PROFIT 8.38 BILLION RUPEES VERSUS LOSS OF 77.18 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR MARCH QUARTER STANDALONE NET PROFIT WAS 43.93 BILLION RUPEES.MARCH QUARTER STANDALONE GROSS NPA 7.53 PERCENT VERSUS 8.71 PERCENT PREVIOUS QUARTER.MARCH QUARTER STANDALONE INTEREST EARNED 629.85 BILLION RUPEES VERSUS 559.41 BILLION RUPEES LAST YEAR.MARCH QUARTER STANDALONE NET NPA 3.01 PERCENT VERSUS 3.95 PERCENT PREVIOUS QUARTER.MARCH QUARTER STANDALONE PROVISIONS AND CONTINGENCIES 165.02 BILLION RUPEES VERSUS 280.96 BILLION RUPEES LAST YEAR.MARCH QUARTER STANDALONE PROVISIONS FOR NPAS 173.36 BILLION RUPEES VERSUS 240.80 BILLION RUPEES.SAYS PROVISION COVERAGE RATIO AS ON MARCH 31, 2019 WAS 78.73%.HAS MADE PROVISION OF 39.84 BILLION RUPEES FOR YEAR ENDED MARCH 31,,2OI9 TOWARDS ARREARS OF WAGES DUE FOR REVISION W.E.F NOV,2017.THE STANDALONE NET PROFIT ALERT WAS FIRST SOURCED FROM TV AND WAS LATER CONFIRMED FROM A PRESS RELEASE AT THE NATIONAL STOCK EXCHANGE.  Full Article

ICRA Says Financial Creditors Expected To Witness Increase In Realisation Through IBC In FY2020
Wednesday, 8 May 2019 

May 8 (Reuters) - ICRA::ICRA: FINANCIAL CREDITORS EXPECTED TO WITNESS INCREASE IN REALISATION THROUGH IBC IN FY2020.ICRA - ESTIMATES FINANCIAL CREDITORS WOULD REALISE MORE THAN 800 BILLION RUPEES IN FY2020 THROUGH CIRPS THAT WOULD YIELD A RESOLUTION.ICRA - HIGHER REALISATION IN FY2020 TO BE DRIVEN BY EXPECTED CONCLUSION OF CIRPS OF ESSAR STEEL AND BHUSHAN STEEL AND POWER.  Full Article

SBI Likely To Launch SBI General Insurance's IPO In Q4 FY20 - CNBC-TV18
Friday, 3 May 2019 

May 3 (Reuters) - :SBI LIKELY TO LAUNCH SBI GENERAL INSURANCE'S IPO IN Q4 FY20 - CNBC-TV18.SBI MAY RAISE BET OF 15-18 BILLION RUPEES BY DILUTING 10% STAKE VIA SBI GENERAL IPO- CNBC-TV18.  Full Article

India's Jet Airways Confirms Takeover Offer From British Entrepreneur
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Jet Airways (India) Ltd ::CLARIFIES ON NEWS ITEM 'BRITISH ENTREPRENEUR OFFERS TO TAKE CONTROL OF JET AIRWAYS",.UNSOLICITED EMAIL COMMUNICATION WAS RECEIVED BY THE COMPANY, AS MENTIONED IN THE NEWS ITEM.SENDER ADVISED TO ENGAGE WITH SBI CAPS LIMITED, WHO ARE LEADING THE BIDDING PROCESS.  Full Article

State Bank Of India To Consider Long Term Fund Raising Up To $2.5 Bln
Thursday, 18 Apr 2019 

April 18 (Reuters) - State Bank of India ::STATE BANK OF INDIA - TO CONSIDER STATUS, DECIDE ON LONG TERM FUND RAISING IN SINGLE/MULTIPLE TRANCHES UP TO $2.5 BILLION.  Full Article

Jet Airways Lenders Set To Invite Offers From Etihad Airways, NIIF, TPG Capital & Indigo Partners- CNBC-TV18
Tuesday, 16 Apr 2019 

April 16 (Reuters) - :JET AIRWAYS LENDERS SET TO INVITE OFFERS FROM ETIHAD AIRWAYS, NIIF, TPG CAPITAL & INDIGO PARTNERS- CNBC-TV18.  Full Article

Indian Lenders To Jet Airways Get 5-6 Expressions Of Interest For Share Sale In Airline - ET Now, Citing Cogencis
Friday, 12 Apr 2019 

April 12 (Reuters) - :INDIAN LENDERS TO JET AIRWAYS GET 5-6 EXPRESSIONS OF INTEREST FOR SHARE SALE IN AIRLINE - ET NOW, CITING COGENCIS.  Full Article

Banks To Extend Deadline For Submission Of Initial Bids For Jet Airways To April 12 - CNBC-TV18 Citing Sources
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Jet Airways (India) Ltd ::BANKS TO EXTEND DEADLINE FOR SUBMISSION OF INITIAL BIDS FOR JET AIRWAYS TO APRIL 12 - CNBC TV18 CITING SOURCES.  Full Article

BUZZ-State Bank of India hits 1-1/2-year high; chart suggests more upside

** Shares of State Bank of India rise as much 7.52% to 343.25 rupees, highest since Nov 17, 2017