Pankaj Pandey, Head Research, ICICIdirect.com said PSU banks continue to look attractive, even as he refrained from commenting directly on SBI due to compliance reasons. He said Bank of Baroda remains his top pick in the space, with a target price of ₹340. According to him, the second half of the financial year is expected […]
India’s largest public sector lender State Bank of India (SBI) on Saturday reported 24% year-on-year (YoY) growth in its standalone net profit at Rs 21,028 crore in the third quarter. Net interest income for the same period increased 9% YoY to Rs 45,190 crore. The company’s operating profit (before provisions and contingencies) grew 40% YoY […]
Fractal Analytics on Friday said it has raised Rs 1,249 crore from anchor investors ahead of its proposed initial public offering (IPO), after allotting 1,38,69,499 equity shares to 52 anchor investors at the upper end of the price band of Rs 900 per share. The IPO will open for public subscription on Monday, February 9, […]
Stock market is gearing up for an eventful week ahead where key triggers such as quarterly earnings from corporates, the US Fed interest rate decision and the upcoming Union Budget for 2026-27 would grab the limelight, analysts said. Equity markets would be closed on Monday for Republic Day. Moreover, trading activity of foreign investors, rupee-dollar […]
Some of Wall Street’s biggest banks have opted out of advising on a planned $1.4 billion initial public offering of India’s SBI Funds Management Ltd. because of low fees, according to people familiar with the matter. SBI Funds IPO offered fees of about 0.01% of the issue size, which bankers called rock bottom, after some […]
State Bank of India has reduced its lending rate by up to 25 basis points to pass on to customers the benefit of the RBI repo rate cut announced last week. That makes loans cheaper for new and existing borrowers. The labour laws will lower EMIs for both existing and new borrowers whose loans are […]
SBI Ventures, an alternative asset manager promoted by State Bank of India, intends to raise ₹2,000 crore for its third climate-focused fund to invest in startups. SBI Ventures is an alternative asset manager promoted by the State Bank of India. (Bloomberg) It will help unlock green growth, a new financial opportunity, SBI Ventures CEO Prem […]
State Bank of India is supportive of another wave of mergers among public sector banks as policymakers explore ways to build scale and finance growth in the world’s fastest-growing major economy. CS Setty, chairman of State Bank of India. “Some further rationalisation might make sense. There are still some smaller, sub-scale banks,” Challa Sreenivasulu Setty, […]
Updated on: Nov 04, 2025 1:16:06 PM IST India Inc.’s earnings season is in full swing, with SBI, M&M, Adani Group firms, Paytm and IndiGo among the prominent companies who are reporting their quarterly results today. India Inc’s Q2 FY26 earnings season is on in full swing, with companies across sectors unveiling their July-September scorecards. […]
The country’s biggest lender, State Bank of India (SBI), plans to hire around 3,500 officers to bolster its operations and enhance service delivery nationwide. Earlier this year, SBI Chairman C S Setty announced that the bank’s total recruitment across categories would be about 18,000. (HT Photo/Representational Image) The bank has recruited 505 Probationary Officers (POs) […]