??SBI Q4 Results: The Net interest income or NII for the January-March quarter stood at Rs 41,655 crore, ...More

??SBI Q4 Results: The Net interest income or NII for the January-March quarter stood at Rs 41,655 crore, up 3% YoY to over Rs 40,393 crore, while for FY24 the figure stood at Rs 1,59,876 crore, a 10% jump over the last financial year. The Board has also recommended a dividend of Rs 13.70/share. Interest earned during Q4 advanced 19% YoY to Rs 1,11,043 crore. ...Less

SBI Share Price: SBI's robust Q4 earnings, with a net profit of Rs 20,698 crore, garnered bullish sentime ...More

SBI Share Price: SBI's robust Q4 earnings, with a net profit of Rs 20,698 crore, garnered bullish sentiments from various brokerages. Nomura, JP Morgan, Nuvama, KIE, Motilal Oswal, and Emkay Global maintain buy ratings with target prices ranging from Rs 820 to Rs 1,000, anticipating sustained growth and favorable prospects. ...Less

Unlike last quarter, the bank did not have to make any provisions for revision of wages and pensions. The ...More

Unlike last quarter, the bank did not have to make any provisions for revision of wages and pensions. The Mumbai-based bank has kept a ?1,700-crore buffer for any future pension needs. ...Less

India's largest bank State Bank of India (SBI) reported an 83% growth in standalone net profit at Rs 16,6 ...More

India's largest bank State Bank of India (SBI) reported an 83% growth in standalone net profit at Rs 16,695 crore for the quarter ended March. ...Less

State Bank of India's (SBI) stock gained nearly 2% in the early trade on Friday after the state-lender re ...More

State Bank of India's (SBI) stock gained nearly 2% in the early trade on Friday after the state-lender reported a better than estimated Q4FY23 earnings on Thursday. SBI reported an 83% growth in standalone net profit at Rs 16,695 crore for the quarter ended March 31, 2023. It was Rs 9,113 crore in the same quarter last year. Net interest income for the fourth quarter rose 29% to Rs 40,393 crore, compared with ...Less

State Bank of India (SBI) on Thursday posted its highest-ever standalone quarterly net profit of ?16,695 ...More

State Bank of India (SBI) on Thursday posted its highest-ever standalone quarterly net profit of ?16,695 crore in Q4, registering a growth of 83% on year and beating analyst estimates. Asset quality improvements and a fall in provisions helped India’s largest lender post a record profit. For FY23, SBI’s net profit grew 59% to ?50,232 crore. ...Less

The Board declared a dividend of Rs 11.30 per equity share (1130%) for the financial year ended March 202 ...More

The Board declared a dividend of Rs 11.30 per equity share (1130%) for the financial year ended March 2023. The date of payment is fixed on June 14. ...Less

SBI is a PSU bank stock that is under investor radar as it is set to report its March quarter numbers lat ...More

SBI is a PSU bank stock that is under investor radar as it is set to report its March quarter numbers later in the day. Street is factoring in a strong double-digit growth in both loan book and net interest income with Motilal Oswal's profit growth estimate going as high as 66.4%. Motilal Oswal sees healthy traction in loan growth but all eyes would be on the outlook. Kotak Equities predicts that SBI will see stable net interest margin ...Less

The company said its provisions for bad loans came down to nearly a third of the level year ago. It kept ...More

The company said its provisions for bad loans came down to nearly a third of the level year ago. It kept aside Rs 3,262 crore during the quarter, compared to Rs 9,914 crore. Though the total provision for contingencies including those for bad loans stood at Rs 7,237 crore compared to Rs 11,051 crore. ...Less

ICICI Securities said it expects SBI to deliver over 13 per cent core RoE aided by growth build-up, conta ...More

ICICI Securities said it expects SBI to deliver over 13 per cent core RoE aided by growth build-up, contained credit cost and steady margin profile. ...Less

Calling the stock 'attractively valued' analysts have price targets that hint at up to 56 per cent upside ...More

Calling the stock 'attractively valued' analysts have price targets that hint at up to 56 per cent upside for the counter. Loan growth surprised positively and this improvement will be the key catalyst for the stock, said Nomura India, which has a target of Rs 615 on the stock. ...Less

“Inflation is a function of multiple variables and a major component is fuel-led inflation and also the e ...More

“Inflation is a function of multiple variables and a major component is fuel-led inflation and also the edible oil-led inflation both of which are essentially on account of the imports which we are having. Going forward, how these two very important factors behave will probably give the trajectory for inflation.” ...Less

“There has been an aging of some of the loans. In the last quarter also, loan loss provision was higher a ...More

“There has been an aging of some of the loans. In the last quarter also, loan loss provision was higher and this time around I guess the same thing must have happened because the slippages have been managed quite well by the bank and the NPA figures have also come down.” ...Less

"When we talk about the corporate book, it is more a function of how the economy is doing. Assuming that ...More

"When we talk about the corporate book, it is more a function of how the economy is doing. Assuming that the retail book will remain robust, we are actually already seeing a decent number of enquiries coming in." ...Less

“Though I would prefer to keep the credit costs at these levels, let us see how things evolve because it ...More

“Though I would prefer to keep the credit costs at these levels, let us see how things evolve because it will be a function of the macro and how the book behaves going forward. . I would ideally like to bring cost to income ratio below 50” ...Less

All eyes will be on the impact of Covid 2.0 wave on non-performing assets and growth outlook. ...More

All eyes will be on the impact of Covid 2.0 wave on non-performing assets and growth outlook. ...Less

The bank’s board declared a dividend of Rs. 4 per share for the financial year ended March. ...More

The bank’s board declared a dividend of Rs. 4 per share for the financial year ended March. ...Less

The bank’s bad loan volume rose by about a Rs 1,000 crore to Rs 8,105 crore. ...More

The bank’s bad loan volume rose by about a Rs 1,000 crore to Rs 8,105 crore. ...Less

We are maintaining a portfolio mix of 58 for retail and 42 for corporate, says SBI chair. ...More

We are maintaining a portfolio mix of 58 for retail and 42 for corporate, says SBI chair. ...Less

SBI has reported a profit of Rs 838.40 crore for Q4 against a loss of Rs 7,718.17 crore. ...More

SBI has reported a profit of Rs 838.40 crore for Q4 against a loss of Rs 7,718.17 crore. ...Less

Gross NPAs declined to Rs 1.73 lakh crore from Rs 1.88 lakh crore on a sequential basis. ...More

Gross NPAs declined to Rs 1.73 lakh crore from Rs 1.88 lakh crore on a sequential basis. ...Less

ICICIdirect sees SBI posting a profit of Rs 2,940 crore for March quarter. ...More

ICICIdirect sees SBI posting a profit of Rs 2,940 crore for March quarter. ...Less

The profit figure came in way higher than Rs 2,000 crore estimated by analysts in an ET NOW poll. ...More

The profit figure came in way higher than Rs 2,000 crore estimated by analysts in an ET NOW poll. ...Less

ICICI Securities said SBI Card IPO to give provide Rs 3,000 crore boost to other income. ...More

ICICI Securities said SBI Card IPO to give provide Rs 3,000 crore boost to other income. ...Less

The bank's net loss widened to Rs 7,718 crore in Q4 over loss of Rs 3,442 crore last year. ...More

The bank's net loss widened to Rs 7,718 crore in Q4 over loss of Rs 3,442 crore last year. ...Less

Total advances of the bank for the quarter stood at Rs 20,48,387 crore, a 4.91 per cent rise. ...More

Total advances of the bank for the quarter stood at Rs 20,48,387 crore, a 4.91 per cent rise. ...Less

GNPAs for the quarter rose to 10.91 per cent from 10.35 per cent in the December quarter. ...More

GNPAs for the quarter rose to 10.91 per cent from 10.35 per cent in the December quarter. ...Less

The country’s largest lender had reported a shock loss of Rs 2,416 cr for December quarter. ...More

The country’s largest lender had reported a shock loss of Rs 2,416 cr for December quarter. ...Less

Analysts expect SBI to report net profit of Rs 3,400 cr to Rs 3,550 cr and net interest margin of about 4 ...More

Analysts expect SBI to report net profit of Rs 3,400 cr to Rs 3,550 cr and net interest margin of about 4%, but concerns over asset quality are likely to remain. ...Less

The Indian Army rescued 500 stranded tourists, including 54 children, in Sikkim as torrential rain in par ...More

The Indian Army rescued 500 stranded tourists, including 54 children, in Sikkim as torrential rain in parts of the Himalayan state caused landslides and roadblocks, a defence official said on Saturday. Heavy rain was witnessed in Lachen, Lachung and Chungthang on Friday and as a result of this, approximately 500 tourists, who were travelling to Lachung and Lachen Valley, were stranded at Chungthang due to landslides and roadblocks en route, he said. ...Less

Prime Minister Narendra Modi on Saturday held productive bilateral talks with South Korean President Yoon ...More

Prime Minister Narendra Modi on Saturday held productive bilateral talks with South Korean President Yoon Suk Yeol during which they agreed to deepen cooperation in areas like trade and investment, IT hardware manufacturing and defence and reaffirmed their commitment to further strengthen bilateral ties. They also discussed India's G20 presidency and South Korea's Indo-Pacific strategy. ...Less

Foreign portfolio investors (FPI) have stepped up their investments in Indian equities. FPIs pumped ?30,9 ...More

Foreign portfolio investors (FPI) have stepped up their investments in Indian equities. FPIs pumped ?30,946 crore into Indian equity markets in May so far, hitting a five-month high, sustaining the momentum visible since March this year. FPIs have aggressively increased their investments in Indian equities since March – after outflows in January and February. They turned net buyers in March, having invested ?51,516 crore since then so far. ...Less

Prime Minister Narendra Modi is set to hold bilateral talks with Ukrainian President Volodymyr Zelenskyy ...More

Prime Minister Narendra Modi is set to hold bilateral talks with Ukrainian President Volodymyr Zelenskyy on the sidelines of the G7 summit in the Japanese city of Hiroshima on Saturday evening, people familiar with the matter said. It will be the first in-person meeting between the two leaders after the Russian invasion of Ukraine in February last year and is taking place over a month after Ukrainian First Deputy Foreign Minister Emine Dzhaparova visited India. ...Less

IndiGo operator InterGlobe Aviation reported a net profit of ?919 crore in Q4. This is the second consecu ...More

IndiGo operator InterGlobe Aviation reported a net profit of ?919 crore in Q4. This is the second consecutive profitable quarter for India’s largest airline. In the same period last year, the airline reported a loss of ?1,682 crore. Despite this, IndiGo’s bottomline missed analyst estimates of a net profit of ?1,418 crore. The airline’s revenue however landed in line with analyst estimates at ?14,161 crore, growing by 76% YoY. ...Less