State Bank of India (SBI)

Strategic financial move: State Bank of India set to issue AT1 Bonds

Vinay Tonse announced as Managing Director of the State Bank of India

Government approves appointment of Vinay Tonse as Managing Director of State Bank of India.

SBI raises Rs. 10,000 crore with 7.81% Tier 2 bonds for FY 23-24

SBI raised ₹10,000 crore through its first Basel III compliant Tier 2 Bond for the fiscal year 2023-24.

SBI welcomes cricketing icon Dhoni as Brand Ambassador

State Bank of India (SBI) announced its collaboration with cricketing legend Mahendra Singh Dhoni, as the bank's official Brand Ambassador.

Paytm collaborates with SBI Card and NPCI to launch RuPay Credit Cards

Cardholders will be able to receive 2% cashback on any purchases made inside the Paytm ecosystem.

SBI files application in Supreme Court seeking clarifications on March 27 order

On March 27, the Supreme Court dismissed the State Bank of India's appeal, upholding the Telangana High Court's judgement, and decided that it was fairly practical for lender banks to provide the borrowers a chance to be heard before declaring their accounts as fraudulent.

State Bank of India shares fall ahead of dividend date

Shares fell more than 1% to 457 on the BSE as the stock went ex-dividend in Wednesday's trades, a day before the dividend's record date. SBI's board declared a dividend of 7.10 per equity share (710 percent) for the fiscal year ended March 31, 2022, while announcing its Q4FY22 results.

State Bank of India records 41% jump in net profits

State Bank of India, the country’s largest commercial bank reported a 41% increase in net profits in Q4. It reported a net profit of Rs 9,113.5 crores for the quarter ending March 31, 2022.

State Bank of India invests $20 million in Pine Labs

To date, Pine Labs raked in a total of $700 million across two rounds of fundraising at a valuation of $3 billion.

State Bank of India records highest-ever net profit at ₹7,627 crores in Q2FY22

The asset quality of the State Bank of India in the quarter under review also improved as the gross non-performing loan ratio fell 42 base points sequentially to 4.9 per cent.

Former Chairman of SBI, Rajnish Kumar to become the new Chairman of BharatPe

Kumar will lead the BharatPe team during the transformation into a small finance bank. He will also be included in determining the company's short-term and long-term strategy.

As banks turn more cautious, the rate of India’s economic recovery declines

The Indian banking sector is facing long-term challenges like frauds alongside an ailing shadow banking sector.

SBI warns its customers against QR code fraud; Check details!

The State Bank of India (SBI) on Wednesday, alerted its customers against the frauds related to UPI payments, QR code scans and said, “You don’t receive money when you scan a QR code”.