Wed, Jan 17, 2024
In a shift of positions, Life Insurance Corporation of India (LIC) has regained its status as the most valued listed public sector undertaking (PSU) by market capitalisation, surpassing State Bank of India (SBI). As of Jan 17, LIC reached a market cap of Rs 5.64 lakh crore, exceeding SBI's Rs 5.63 lakh crore.
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Mon, Jan 15, 2024
According to IDBI Capital Markets, although economic momentum likely continued in the October-December period, the RBI’s regulatory action on unsecured portfolios could play spoilsport for the BFSI sector as a whole.
Sun, Jan 07, 2024
The infra lender posted record sanctions and disbursements at Rs 29,171 crore and Rs 13,826 crore, respectively.
Wed, Jan 03, 2024
Last year too, the country's largest lender had raised USD 1 billion syndicated social loan. The fund raised would would cater to domestic ESG (Environmental, Social and Governance) financing market.
Wed, Dec 27, 2023
SBI hikes fixed deposit rates: The new interest rates came into effect on Wednesday (December 27).
Tue, Dec 26, 2023
The flagship company of 136-year-old Muthoot Pappachan Group on Tuesday said the debt issue has a five-year maturity with half-yearly being the frequency of the interest payment.
Thu, Dec 21, 2023
Among the Nifty sectoral indices, all the sectors ended the day in the green with media and energy being the major outperformers.
Fri, Dec 15, 2023
State Bank of India (SBI) soars near its peak as it snaps up shares in a packaging company and hikes lending rates! Discover why investors are bullish on the banking giant, what the Canpac Trends acquisition means, and how the MCLR increase affects your loans. Plus, hear from analysts predicting even higher SBI prices.
Tue, Dec 12, 2023
According to the bulk deal data available with the BSE and NSE, SBI Mutual Fund (MF) purchased a total of 1,20,00,000 shares, amounting to a 1.5 per cent stake in Karur Vysya Bank.
The stock of SBI, the country's largest lender by assets, gained by as much as Rs 3.5, or 0.6 per cent, to Rs 617.9 apeice on BSE, coming within Rs 12, or 1.9 per cent, of a record Rs 629.7 scaled in mid-December 2022.
Fri, Dec 01, 2023
Consequently, while it becomes more expensive for financial institutions to lend in these segments, the borrower will also have to bear the brunt of higher interest rates.
Mon, Nov 06, 2023
Both headline indices ended around one per cent stronger, with the Nifty gaining 181.2 points to 19,411.8 and the Sensex rising 594.9 points to settle at 64,958.7.
SBI shares, SBI Q2 Results: For the reporting quarter, the bank posted a profit of Rs 14,330 crore, up 8 per cent year-on-year (YoY). In the corresponding quarter of the previous fiscal, the bank’s profit stood at Rs 13,265 crore.
Nifty ended 0.51 per cent higher at 19,230.6 points, while Sensex added 0.44 per cent and closed the session at 64,363.78.
Sat, Nov 04, 2023
Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency to political funding.
Fri, Nov 03, 2023
Furthermore, analysts see the bank posting only a marginal uptick in loan growth for the reporting quarter at 13 per cent as against 12 per cent logged in the same period last year.
Sun, Oct 29, 2023
As the brand ambassador of SBI, Dhoni will play a pivotal role in various marketing and promotional campaigns, the bank said in a statement.
Thu, Oct 26, 2023
SBI had moved an application before the Allahabad bench of the NCLT informing that the outstanding amount has been paid by the Corporate Debtor.
Mon, Oct 16, 2023
Here's what you can expect from the likes of State Bank of India (SBI), HDFC Bank, ICICI Bank, Bank of Baroda and Punjab National Bank (PNB) in the quarter ended September 30, 2023.
Wed, Sep 27, 2023
As the festive season begins across the country, the State Bank of India has announced some exciting offers on car loans and home loans.
Thu, Sep 07, 2023
As the CIBIL score is the primary consideration for availing discounts on home loans offered by SBI, it’s important for borrowers to have a good credit score. The borrowers with higher credit scores will be eligible for discounted interest rates on home loans.
Sun, Sep 03, 2023
The market valuation of Reliance Industries fell by Rs 38,495.79 crore to Rs 16,32,577.99 crore.
Wed, Aug 30, 2023
SBI has eliminated the need for a passbook for the registration of several social security schemes, thus, making the process easier for beneficiaries. The interested beneficiaries can visit any SBI Customer Service Points (CSPs) to complete the registration process.
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