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 […]
The banking and financial services space continues to draw investor attention as earnings season throws up a mix of near-term challenges and long-term opportunities. Speaking to ET Now, Gaurang Shah of Geojit Financial Services shared his assessment of recent bank results, asset quality trends, and where investors could find value going ahead. ET Now began […]
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 […]
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. […]
State Bank of India wants a third of its total employees to be women by the end of this decade, a top official has said, as the country’s largest lender looks to boost gender diversity among its ranks. SBI has a staff strength of more than 2.4 lakh—the highest in Indian banking. (Bloomberg) “If we […]