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.
Thu, Jun 10, 2021
Nifty Realty and PSU Bank were the top gainers among sectoral indices on Thursday gaining by over 3.3% and 2.4% respectively. While Nifty Realty ended at 361, Nifty PSU Bank closed at 2,487.65
Fixed Deposit (FD) is a traditional and reliable investment option in India. Even today most people prefer investing money in Bank FD. One of the specialties of FD is that in this, customers get the option of deposits from 7 days to 10 years. This means you can park your money in a safe place for as long as you want and get a guaranteed return.
Fri, Jun 04, 2021
Anand Rathi said that on the monthly chart SBI has been consolidating for many months. In the last month, May 2021, SBI has closed above its channel, clearly moving towards its new way to Rs 500 and above zone. Currently looking towards its current technical monthly chart set up, Anand Rathi advises traders to buy SBI stock in the price range of Rs 428 – Rs 433 zone for the target price of Rs 505 – Rs 510 with the stop-loss of Rs 390
Tue, Jun 01, 2021
In the 30 share BSE Sensex, 13 stocks were trading in the green at the end of Tuesday’s trading session while the remaining 17 were trading in the red. The top five gainers on Thursday at close were ONGC, Bajaj Finance, SBI, HDFC and Bajaj Auto while the top 5 losers were ICICI Bank, Ultratech Cement Company, Asian Paints, ITC and Kotak Mahindra Bank
Sun, May 30, 2021
Support measures and launch of new loan products by all Public Sector Banks to mitigate the impact due to resurgence of Covid pandemic. Here are all the details:-
State Bank of India (SBI) has changed the cash withdrawal rules for its customers. The bank has recently issued a notification explaining the new rules for cash withdrawal. As per the notification, SBI has now increased the cash withdrawal limit from non-home branches to support their customers in these tough times amid the pandemic.
Fri, May 28, 2021
Amid the COVID-19 pandemic, State Bank of India (SBI) account holders can now update their Know Your Customer (KYC) documents online.
SBI Share price: As the State Bank of India (SBI) stocks continued its bullish run on Friday, eclipsing its previous high levels of Rs 427, Sharekhan maintained a Buy rating on this PSU Bank stock with a revised SOTP-based price target of Rs 520. At 11 am, this stock was trading at 426.25 on the NSE, up by almost 0.3 per cent. The intraday high was at 433.65
Thu, May 27, 2021
Sharekhan said that State Bank of India posted strong Q4FY2021 results, with largely in line with expectations operational numbers and improved asset quality as compared sequentially on proforma position, which underlines its strong underwriting and recovery capabilities, and the well-maintained asset-quality trend continues. Net interest income (NII) of Rs 27067 cr grew by healthy 19% yoy and was marginally below expectations. SBI Share price made high of Rs 429 today.
The stock markets today ended the day in the green. While the BSE Sensex closed at 51,115.22, up by over 97 points or almost 0.2 per cent, the broader market NSE Nifty 50 was trading 15,337.85 at the closing time on Thursday, up by over 36 points or almost 0.2 per at the end of the trading session
Wed, May 26, 2021
Nilesh Jain said that the SBI shares are doing well on the technical charts and reflect strong growth. As previously mentioned by this analyst this stock broke a 10-year-long consolidation recently to make a lifetime high of Rs 427.70 in February this year and later fizzled out. But the momentum is back now, and he sees a target of Rs 475 on the positional term basis
The stocks markets were trading almost flat, minutes after opening on Wednesday after closing almost flat on Tuesday. Though both the BSE Sensex and NSE Nifty 50 were trading with a positive bias, the gains were only marginal.
Mon, May 24, 2021
The stock markets today ended the day in the green. While the BSE Sensex closed at 50,651.90, up by over 111 points or almost 0.2 per cent, the broader market NSE Nifty 50 was trading 15,197.70, up by over 22 points or almost 0.2 per at the end of the trading session
Banking stocks will likely lead the bull run in the markets, Nilesh Jain, Assistant Vice President, Equity Research Technical and Derivatives at Centrum Broking said. The PSU banks will participate in the market rally and Nifty PSU Bank index heavyweight State Bank of India (SBI) will lead the rally among its state-run peers, this technical analyst said
Sharekhan said that State Bank of India posted strong Q4FY2021 results, with largely in line with expectations operational numbers and improved asset quality as compared sequentially on proforma position, which underlines its strong underwriting and recovery capabilities, and the well-maintained asset-quality trend continues. Net interest income (NII) of Rs 27067 cr grew by healthy 19% yoy and was marginally below expectations
Sat, May 22, 2021
Amid the stress of the pandemic, the State Bank of India (SBI) is likely to surprise its employees as around 2.5 lakh staff of the bank may receive an additional salary of 15 days.
The Doorstep Banking Services will include the facilities like pick-up services for cheques, drafts, pay orders, new cheque book, requisition slips, IT challan, and standing instructions request.
If you are looking forward to make NEFT transfer, you should know that the National Electronic Funds Transfer facility will not be available from tonight. As per the Reserve Bank of India (RBI), this facility will remain suspended from tonight till Sunday afternoon.
Fri, May 21, 2021
State Bank of India (SBI) stocks soared around 7 per cent from day’s low on the BSE intraday during Friday’s trade to Rs 404 on the back of strong quarter four results with 80 per cent increase in the profit, aided by fewer provisions on bad loans.
On the last session of the week, the markets snapped a two-day decline and recovered sharply led by a strong rebound in financials with both the indices ending nearly 2 per cent higher.
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