Edition:
India

State Bank of India (SBI.BO)

SBI.BO on Bombay Stock Exchange

239.20INR
18 May 2018
Change (% chg)

Rs-4.10 (-1.69%)
Prev Close
Rs243.30
Open
Rs242.90
Day's High
Rs243.90
Day's Low
Rs237.85
Volume
2,252,912
Avg. Vol
1,903,342
52-wk High
Rs351.50
52-wk Low
Rs232.00

Latest Key Developments (Source: Significant Developments)

State Bank Of India Posts March Qtr Standalone Loss
Tuesday, 22 May 2018 

May 22 (Reuters) - State Bank of India ::MARCH QUARTER STANDALONE NET LOSS 77.18 BILLION RUPEES.CONSENSUS FORECAST FOR MARCH QUARTER STANDALONE LOSS WAS 12.85 BILLION RUPEES.MARCH QUARTER STANDALONE INTEREST EARNED 559.41 BILLION RUPEES.MARCH QUARTER STANDALONE PROVISIONS AND CONTINGENCIES 280.96 BILLION RUPEES.MARCH QUARTER STANDALONE PROVISIONS FOR NPAS 240.80 BILLION RUPEES.MARCH QUARTER STANDALONE GROSS NPA 10.91 PERCENT VERSUS 10.35 PERCENT PREVIOUS QUARTER.MARCH QUARTER STANDALONE NET NPA 5.73 PERCENT VERSUS 5.61 PERCENT PREVIOUS QUARTER.SAYS DIVERGENCE IN PROVISIONING AS AT MARCH 31, 2017 WAS 57.21 BILLION RUPEES.SAYS DIVERGENCE IN GROSS NPA AS AT MARCH 31, 2017 WAS 232.39 BILLION RUPEES.SAYS DIVERGENCE IN NET NPA AS AT MARCH 31, 2017 WAS 175.18 BILLION RUPEES.ADJUSTED NET PAT FOR YEAR ENDED MARCH 31, 2017 AFTER TAKING INTO ACCOUNT DIVERGENCE IN PROVISIONING 67.43 BILLION RUPEES.  Full Article

SBI Confirms CBI Summoning CEO in PNB Fraud Case
Monday, 16 Apr 2018 

April 16 (Reuters) - State Bank Of India ::CBI REQUESTED APPEARANCE OF CEO AND A DEALING OFFICER FROM FRANKFURT FOREIGN OFFICE AND SBI (MAURITIUS).SAYS CBI'S REQUEST FOR APPEARANCE WOULD NOT HAVE ANY MATERIAL IMPACT ON SBI.SBI - APPEARANCE ASKED FOR THOSE WHO HANDLED BUYERS' CREDIT BACKED BY LOUS OF PNB'S BRADY HOUSE BRANCH TO UNDERSTAND PROCESS AT CO'S OVERSEAS OFFICE.  Full Article

BS Ltd Says SBI Filed Application To Initiate Insolvency Resolution Process Against Co
Monday, 16 Apr 2018 

April 16 (Reuters) - Bs Ltd ::SAYS STATE BANK OF INDIA FILED APPLICATION FOR INITIATING CORPORATE INSOLVENCY RESOLUTION PROCESS WITH NCLT.  Full Article

Sysco Industries Says State Bank Of India Has Reclassified Co's Credit Accounts As NPA
Friday, 13 Apr 2018 

April 13 (Reuters) - Sysco Industries Ltd ::SAYS STATE BANK OF INDIA HAS RECLASSIFIED CO'S CREDIT ACCOUNTS AS NPA.  Full Article

State Bank Of India Announces Tie-Up With Transfast Remittance LLC
Monday, 15 Jan 2018 

Jan 15 (Reuters) - State Bank Of India ::‍CO TIES UP WITH TRANSFAST REMITTANCE LLC FOR INWARD REMITTANCE FROM USA TO INDIA​.  Full Article

Jayaswal Neco Industries Says SBI Files Insolvency Application Against Co At NCLT
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Jayaswal Neco Industries Ltd ::SAYS STATE BANK OF INDIA FILES INSOLVENCY APPLICATION AGAINST CO AT NCLT, MUMBAI.  Full Article

State Bank Of India To Consider Issue Of Long-Term Bonds Of 50 Bln Rupees
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - State Bank Of India ::SAYS TO CONSIDER ISSUE OF LONG-TERM BONDS OF 50 BILLION RUPEES.SAYS TO CONSIDER APPROVAL FOR BONDS TO FINANCE INFRASTRUCTURE, AFFORDABLE HOUSING IN DOMESTIC AND OVERSEAS MARKET.  Full Article

State Bank Of India Approves Long-Term Fund Raising Up To $2 Bln
Monday, 8 Jan 2018 

Jan 8 (Reuters) - State Bank Of India ::SAYS APPROVED LONG-TERM FUND RAISING IN SINGLE/MULTIPLE TRANCHES UP TO $2 BILLION.  Full Article

Visa Steel Says Application Filed By SBI With NCLT To Initiate CIRP‍​
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Visa Steel Ltd ::SAYS APPLICATION FILED BY STATE BANK OF INDIA WITH NCLT, KOLKATA BENCH TO INITIATE CIRP‍​.SAYS CO IN DISCUSSION WITH SBI FOR SETTLEMENT.  Full Article

SBI chairman Rajnish Kumar says Moody's rating upgrade a positive development
Friday, 17 Nov 2017 

Nov 17 (Reuters) - State Bank of India chairman Rajnish Kumar::Moody's rating upgrade a positive development; great enabling factor for Indian financial markets​.Over a point of time, rating change will reduce borrowing costs of government and financial institutions.Over a point of time, rating change will result in increased investor confidence in india growth and reform story​.  Full Article

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State Bank of India sees rebound after record $1.1 billion fourth-quarter loss

MUMBAI State Bank of India (SBI) projected a recovery over the next two years after a record 77.18 billion-rupee ($1.13 billion) fourth-quarter net loss following stricter central bank rules around bad loans, sending its shares to a nearly six-week closing high.