Edition:
India

State Bank of India (SBI.NS)

SBI.NS on National Stock Exchange of India

301.70INR
20 Sep 2019
Change (% chg)

Rs27.65 (+10.09%)
Prev Close
Rs274.05
Open
Rs274.50
Day's High
Rs307.65
Day's Low
Rs268.40
Volume
84,481,749
Avg. Vol
26,121,529
52-wk High
Rs373.80
52-wk Low
Rs247.40

Latest Key Developments (Source: Significant Developments)

SBI To Exercise Oversubscription Option For 10 Mln SBI Life Shares
Thursday, 12 Sep 2019 

Sept 12 (Reuters) - Sbi Life Insurance ::SAYS SBI WILL EXERCISE OVERSUBSCRIPTION OPTION TO EXTENT OF 10 MILLION SHARES; NUMBER OF SALE SHARES WILL RISE TO 45 MILLION.  Full Article

State Bank Of India To Sell 3.5% Of Stake In SBI Life
Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - State Bank of India ::STATE BANK OF INDIA SAYS CENTRAL BOARD PANEL APPROVED SALE OF 35 MILLION + 10 MILLION SHARES, OR 3.5%, WITH AN OVERSUBSCRIPTION UPTO 1%, OF STAKE IN SBI LIFE.STATE BANK OF INDIA SAYS SALE DONE TO ACHIEVE MINIMUM PUBLIC SHAREHOLDING OF 25%.  Full Article

Cox & Kings Says 70% Of Lenders Signed Inter-Creditor Agreement As On Aug 12
Monday, 12 Aug 2019 

Aug 12 (Reuters) - Cox & Kings Ltd ::AS ON AUG 12, 70% OF LENDERS HAVE SIGNED INTER-CREDITOR AGREEMENT.CO HAS NOW ACHIEVED STANDSTILL FOR 180 DAYS AS PER THE INTER-CREDITOR AGREEMENT.CONFIDENT OF IMPLEMENTING RESOLUTION PLAN WELL WITHIN PERIOD OF 180 DAYS BASED ON ITS VARIOUS ASSET MONETISATION INITIATIVES.  Full Article

SBI Chairman Says Expect 25 BPS Rate Cut In Next RBI Policy
Monday, 5 Aug 2019 

Aug 5 (Reuters) - State Bank of India Chairman says::EXPECT 25 BPS RATE CUT IN THE NEXT RBI POLICY.BANKS SHOULD ATTEMPT FIRST RESOLUTION OUTSIDE BANKRUPTCY COURT.THERE IS ENOUGH LIQUIDITY IN THE BANKING SYSTEM.  Full Article

State Bank Of India Posts June Quarter Profit
Friday, 2 Aug 2019 

Aug 2 (Reuters) - State Bank of India ::JUNE QUARTER STANDALONE NET PROFIT 23.12 BILLION RUPEES VERSUS LOSS OF 48.76 BILLION RUPEES LAST YEAR.JUNE QUARTER STANDALONE GROSS NPA 7.53% VERSUS 7.53% PREVIOUS QUARTER.CONSENSUS FORECAST FOR JUNE QUARTER STANDALONE NET PROFIT WAS 40.83 BILLION RUPEES.JUNE QUARTER STANDALONE NET NPA 3.07% VERSUS 3.01% PREVIOUS QUARTER.JUNE QUARTER STANDALONE INTEREST EARNED 626.38 BILLION RUPEES VERSUS 588.13 BILLION RUPEES LAST YEAR.JUNE QUARTER STANDALONE PROVISIONS AND CONTINGENCIES 91.83 BILLION RUPEES VERSUS 192.28 BILLION RUPEES LAST YEAR.JUNE QUARTER STANDALONE PROVISIONS FOR NPAS 116.48 BILLION RUPEES VERSUS 130.38 BILLION RUPEES.QTRLY PROVISION COVERAGE RATIO AS ON JUNE 30 WAS 79.34 %.  Full Article

State Bank Of India Chairman Says Seeing Credit Demand At 13% YoY
Thursday, 25 Jul 2019 

July 25 (Reuters) - State Bank of India Chairman Rajnish Kumar ::STATE BANK OF INDIA CHAIRMAN SAYS SEEING CREDIT DEMAND AT 13% YOY.STATE BANK OF INDIA CHAIRMAN SAYS DIVERSION OF FUNDS BY COS IS A BIG ISSUE AND REGULAR AUDIT IS NEEDED.STATE BANK OF INDIA CHAIRMAN SAYS DHFL'S RESOLUTION PLAN IS YET TO BE SUBMITTED.  Full Article

State Bank Of India, NIIF Ink MoU To Boost Availability Of Capital For Infrastructure Projects
Monday, 1 Jul 2019 

July 1 (Reuters) - State Bank of India ::STATE BANK OF INDIA - CO AND NATIONAL INVESTMENT AND INFRASTRUCTURE FUND INKED MOU TO BOOST AVAILABILITY OF CAPITAL FOR INFRASTRUCTURE PROJECTS.  Full Article

National Company Law Tribunal Admits Insolvency Petition Against Jet Airways
Thursday, 20 Jun 2019 

June 20 (Reuters) - NCLT::ADMITS INSOLVENCY PETITION AGAINST JET AIRWAYS LTD.INSTRUCTED IRP TO FINISH INSOLVENCY PROCESS FOR JET AIRWAYS IN THREE MONTHS SINCE MATTER IS OF NATIONAL IMPORTANCE.IRP HAS TO SUBMIT FORTNIGHTLY PROGRESS REPORT ON JET.  Full Article

India Tribunal To Pass Order On Jet Airways Insolvency Case At 5 PM On Thursday
Thursday, 20 Jun 2019 

June 20 (Reuters) - :INDIA TRIBUNAL TO PASS ORDER ON JET AIRWAYS INSOLVENCY CASE AT 5 PM ON THURSDAY.  Full Article

NSE Says Security Of Jet Airways To Be Shifted To Trade To Trade Segment
Wednesday, 12 Jun 2019 

June 12 (Reuters) - NSE SAYS::NSE SAYS SECURITY OF JET AIRWAYS SHALL BE SHIFTED FROM ROLLING SEGMENT TO TRADE TO TRADE SEGMENT.NSE SAYS JET AIRWAYS FAILED TO PROVIDE CLEAR RESPONSES TO CLARIFICATIONS SOUGHT FROM EXCHANGES.NSE SAYS JET AIRWAYS IS 'NOT IN POSITION' TO DECLARE FY FINANCIAL RESULTS.NSE SAYS THERE ARE CONCERNS WITH REGARD TO CONTINUITY OF FLOW OF INFO FROM JET AIRWAYS WHICH IS VITAL FOR APPROPRIATE PRICE DISCOVERY IN SCRIP.NSE SAYS DUE TO ABOVE REASONS TRADING IN SCRIP MAY NOT REFLECT ACTUAL STATUS OF JET AIRWAYS.NSE SAYS W.E.F. JUNE 28, TILL FURTHER NOTICE, JET AIRWAYS SECURITY WILL BE SHIFTED TO TRADE FOR TRADE SEGMENT.NSE SAYS SETTLEMENT WILL HAPPEN ON GROSS BASIS WITH 100% UPFRONT MARGIN & 5% PRICE BAND IN TRADE FOR TRADE SEGMENT.  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