Mon, May 13, 2024
Benchmark equity indices Sensex and Nifty have been volatile for quite some time and experts believe that it will continue till the elections are over. Amid this, there is a good opportunity for investors to invest in stocks with a long-term view.
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Fri, May 10, 2024
SBI share price today: Shares of State Bank of India (SBI) hogged the limelight on Friday, May 10 following brokerages' mixed reaction, a day after the country’s leading state-run lender released its March quarter results beating analysts' estimates by a wide margin.
Thu, May 09, 2024
SBI Dividend 2024: PSU bank declares 1370% dividend - Check record and payment dates
Wed, Nov 18, 2020
Steady NII growth and controlled opex drive earnings Q2 FY21 has been an exciting quarter for the sector. The asset quality outlook appears to be better than was initially feared as collection efficiency improved sharply in Q2 and most banks guided for low restructuring levels. Motilal Oswal also saw an uptick in NII growth, aided by improved cost of funds and recovery in retail disbursements, with certain segments reaching pre-COVID levels.
Sun, Nov 15, 2020
SBI PO recruitment 2020: In a good news for banking aspirants, Central Recruitment & Promotion Department of the State Bank of India, Mumbai, has invited applications for Probationary Officers (PO).
Thu, Nov 12, 2020
After being included in MSCI list, the stock has seen some good traction. There was some pressure on the stock in morning after a bulk deal but again saw buying at lower levels and moved strongly after that. The stock has risen 14% in just the last 5 trading sessions
Investors should buy Yes Bank with stop loss of Rs 12 and target of Rs 15 - Rs 16. Investors can buy on dips and hold for the long term on news of Yes Bank being included in MSCI Index, which is positive for it. We also highlight here another top banking stock - the State Bank of India (SBI). Notably, NSE Nifty closed 58 points down today at 12691 while BSE Sensex closed 236 points down at 43357.
NII grew 15% yoy to Rs 281.8 bn (Q1: +16% yoy; +6% qoq), led by a 12 bps yoy rise in the domestic NIM to 3.34% and loan growth of 6% yoy. Collection efficiency at 97% (ex agri) was very comforting. Furthermore, management guidance of slippages and restructuring at 2.6% for FY 2021 would alleviate some concerns around asset quality.
Sun, Nov 08, 2020
The State Bank of India (SBI) has an important message for its customers who use SBI internet banking, YONO and YONO Lite.
Sat, Nov 07, 2020
There will be a "paradigm shift" which will lead to a more matured economy" with economic players learning to contain costs, he said
Thu, Nov 05, 2020
SBI reported a sharp improvement in collection efficiency to 97% in Q2. These have been common themes across most banks this quarter. While HDFC Securities have reduced their slippage and provisioning estimates, they remain conservative.
Ambit says Core operating profit grew 15% YoY driven by 15% YoY NII growth and 1% YoY fee income growth, partially offset by 10% YoY opex growth. CASA growth at 2% QoQ led to 18 bps QoQ decline in cost of funds and 11 bps QoQ NIM expansion. Collection efficiency was 97% in Sep’20 and the bank expects 2.5% gross slippages/restructuring in FY21E.
Wed, Nov 04, 2020
The country's largest lender State Bank of India (SBI) on Wednesday reported a 55 per cent increase in its consolidated net profit at Rs 5245.88 crore for the second quarter ended September 30 on account of decline in bad loans.
Country’s largest commercial bank, State Bank of India (SBI) offers Green PIN facility to customers. This allows them an easy and convenient way to generate Debit card PIN through various channels like ATM, Internet Banking, IVR and SMS.
Mon, Nov 02, 2020
A research report from State Bank of India’s Economic Research Department – SBI Ecowrap - reveals that India needs to focus more on increasing productivity and less on import tariffs in its quest for Aatmanirbhar Bharat.
Sun, Nov 01, 2020
With a constant commitment towards extending a helping hand to the underprivileged sections of the society, State Bank of India (SBI) has decided to donate necessary items to The Salvation Army, under its continued celebration for ‘Joy of Giving’ Festival, the India's largest lender said.
Fri, Oct 30, 2020
Mahesh Kumar Sharma, Managing Director & CEO, SBI Life Insurance Company Ltd, talks about products related to Corona, claims related to Corona and VNP margins among others during an interview with Swati Khandelwal, Zee Business
Thu, Oct 29, 2020
IRCTC SBI Card (On RuPay platform) gives you an amazing opportunity to book free train tickets using reward points.
Wed, Oct 28, 2020
In a major development, India’s largest commercial bank, State Bank of India (SBI) has signed a loan agreement amounting to up to USD 1 billion with JBIC.
Bank Nifty was down by almost 2.4 per cent on Wednesday around 1:05 pm, trading at 24,175.80 with all heavyweights including HDFC Bank, ICICI Bank, Axis Bank and SBI trading in the negative territory. What should the investors do? Expert Nilesh Jain of Anand Rathi Securities has some useful suggestions. Know what he recommends!
Sun, Oct 25, 2020
The Insolvency and Bankruptcy Code (IBC) has not only strengthened the banking system by helping them resolve outstanding debt piled over years but has also come as a big booster of confidence of national and foreign investors in the Indian economy.
Fri, Oct 23, 2020
Jefferies has put SBI, HDFC Bank, ICICI Bank and Axis Bank share prices under focus and has come out with its take on Indian Financials.
Wed, Oct 21, 2020
The lowest Interest rates start starting from 6.90% for home loans of up to Rs. 30 lakh.
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