SBI shares fell 2% due to high wage costs affecting earnings. Jefferies and Nomura maintain buy ratings o ...More

SBI shares fell 2% due to high wage costs affecting earnings. Jefferies and Nomura maintain buy ratings on SBI for strong loan growth. Kotak and Nuvama also recommend buying SBI stock. SBI reported a 35% decrease in net profit. SBI reported a standalone net profit of Rs 9,164 crore which was down by over 35% from 14,205.34 crore reported by the state lender in the year-ago period. ...Less

Chairman Dinesh Khara however reiterated the bank’s target of maintaining a return on equity (RoE) of 15% ...More

Chairman Dinesh Khara however reiterated the bank’s target of maintaining a return on equity (RoE) of 15% on a sustainable basis even as he maintained that the bank will continue to record loan growth of 14% to 16%. ...Less

??The bank earned Rs 105,733.78 crore in interest income in the reported quarter which was up 22% from Rs ...More

??The bank earned Rs 105,733.78 crore in interest income in the reported quarter which was up 22% from Rs ?86,616.04 crore reported by SBI in the year ago period. ...Less

SBI has guided for a shortfall of Rs 10,000 crore towards the new wage agreement, which will be spread ov ...More

SBI has guided for a shortfall of Rs 10,000 crore towards the new wage agreement, which will be spread over two quarters of H2FY24. In the second quarter, SBI had a one-off wage provision of Rs 3400 crore. ...Less

Nearly 50 companies, including Archean Chemical Industries, Affle, Balu Forge, Clean Science and Technolo ...More

Nearly 50 companies, including Archean Chemical Industries, Affle, Balu Forge, Clean Science and Technology, Gujarat Alkalies & Chemicals, and Krishna Institute of Medical Sciences (KIMS), will announce their December quarter earnings. The market is particularly interested in the results of PSU lender State Bank of India (SBI). ...Less

Net interest income is likely to grow around 6% year-on-year (YoY) in the December quarter, according to ...More

Net interest income is likely to grow around 6% year-on-year (YoY) in the December quarter, according to an average estimate of five brokerages. Net profit for the same period is seen declining 12% YoY. ...Less

SBI on Friday reported a 68.5% YoY increase in net profit for the quarter ended December 2022 to Rs 14,20 ...More

SBI on Friday reported a 68.5% YoY increase in net profit for the quarter ended December 2022 to Rs 14,205.34 crore. >> For more such web stories click on the ET icon below ...Less

"SBI’s core fundamentals continue to be on a strong footing and sustained solid earnings delivery should ...More

"SBI’s core fundamentals continue to be on a strong footing and sustained solid earnings delivery should drive incremental re-rating for the stock in our view. While SBI may need to raise equity capital over the next 12-24 months (CET1 at 9.26%), stake sale in subsidiaries (SBI Funds, SBI General Insurance) remains another option to augment capital and may delay the eventual dilution. ...Less

SBI Q3 Results: Net interest income (NII), the difference between interest earned and interest expended, ...More

SBI Q3 Results: Net interest income (NII), the difference between interest earned and interest expended, rose 24% on year to Rs 38,068.62 crore. This was largely on expected lines. ...Less

The state-owned lender's net profit is likely to zoom by a massive 60-70%, compared with the last-year pe ...More

The state-owned lender's net profit is likely to zoom by a massive 60-70%, compared with the last-year period, while net interest income (NII) too, is expected to grow in healthy double digits. ...Less

ICICIDirect expects loan growth of 6.7 per cent YoY at Rs 26.1 lakh crore and deposits growth at 9 per ce ...More

ICICIDirect expects loan growth of 6.7 per cent YoY at Rs 26.1 lakh crore and deposits growth at 9 per cent YoY. It sees NII growing at 6.5 per cent YoY to Rs 30,600 crore. Non-interest income is seen improving sequentially to Rs 8,600 crore. ...Less

"We don't see much impact of the third wave on our books," said Dinesh Khara, chairman, SBI. ...More

"We don't see much impact of the third wave on our books," said Dinesh Khara, chairman, SBI. ...Less

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The figure came in higher than Rs 8,200 crore profit estimated by analysts in an ET NOW poll. ...More

The figure came in higher than Rs 8,200 crore profit estimated by analysts in an ET NOW poll. ...Less

"Once we have a sense of the valuation and the market positioning, we will unlock value from our general ...More

"Once we have a sense of the valuation and the market positioning, we will unlock value from our general insurance and mutual fund subsidiaries one by one." ...Less

I am really quite positively surprised by the NPA numbers, says Siddharth Purohit ...More

I am really quite positively surprised by the NPA numbers, says Siddharth Purohit ...Less

The profit at Rs 5,583.36 crore for the quarter was dented by two-fold jump in tax expenses. ...More

The profit at Rs 5,583.36 crore for the quarter was dented by two-fold jump in tax expenses. ...Less

Percentage of net NPAs stood at 2.65 per cent compared with 3.95 per cent last year. ...More

Percentage of net NPAs stood at 2.65 per cent compared with 3.95 per cent last year. ...Less

Kotak Institutional Equities said SBI’s loan growth will be subdued at 6 per cent on a yearly basis. ...More

Kotak Institutional Equities said SBI’s loan growth will be subdued at 6 per cent on a yearly basis. ...Less

The lender’s net non-performing assets ratio in the quarter stood at 1.23 per cent as against 1.59 per ce ...More

The lender’s net non-performing assets ratio in the quarter stood at 1.23 per cent as against 1.59 per cent in the previous quarter. ...Less

The profit was boosted by other income of Rs 1,755 crore the company generated on sale of 3.9 per cent st ...More

The profit was boosted by other income of Rs 1,755 crore the company generated on sale of 3.9 per cent stake in a subsidiary SBI Life Insurance Company. ...Less

Consolidated net interest income jumped 4.38% YoY to Rs 19,659.36 crore. However, the standalone NII adva ...More

Consolidated net interest income jumped 4.38% YoY to Rs 19,659.36 crore. However, the standalone NII advanced 7.7% YoY to Rs 14,751.54 crore. ...Less

SBI is expected to report a 10.3% YoY rise in Q3 net profit to Rs 3600 crore from Rs 3263.10 crore report ...More

SBI is expected to report a 10.3% YoY rise in Q3 net profit to Rs 3600 crore from Rs 3263.10 crore reported in the year-ago period. ...Less