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SBI and ECI complied with SC order, releases full data disclosures on electoral bonds

The data has been uploaded in compliance with the Hon’ble Supreme Court's directions, contained in its order dated Feb 15, March 11, 2024, and March 18, 2024, the State Bank of India (SBI) has provided the data on the electoral bonds to the Election Commission of India (ECI) today ie March
Posted Date : 22-03-24

SBI Q3 results: Net Profit stands at Rs 9,164 crore down by 35% of previous year

The largest lender of the nation State Bank of India has today released the data of its quarterly result for the October-December period which reported a standalone net profit of nine months at Rs 40,378 crores significantly improving over 20 percent from the previous fiscal year's figure at Rs
Posted Date : 03-02-24

SBI raised Rs. 5,000 cr for current financial year

State Bank of India (SBI), the country’s largest lender, has raised Rs. 5,000 crores today through its second Basel III compliant Additional Tier 1 bond issuance for the current financial year at a coupon rate of 8.34%. The tenor of this bonds is perpetual with a call option after 10 years
Posted Date : 19-01-24

SBI Q2FY24 Highlights: Net Profit grew by 8.03% at Rs 14,330 cr

Profitability Net Profit at Rs 14,330 crores; grew by 8.03% YoY. Operating Profit for Q2FY24 is at Rs 19,417 crores and has declined by 8.07% YoY. Bank’s ROA and ROE for the half year stand at 1.10% and 22.57% respectively. ROA at 1.01% for the quarter declined by 3 bps YoY. Net
Posted Date : 06-11-23

SBI Q1 FY24 Results: Net Profit grew by 178.25% to Rs 16,884 cr

Highlights Profitability • Net Profit for Q1FY24 grew by 178.25% YoY to Rs 16,884 crores from Rs 6,068 crores during Q1FY23. • Operating Profit for Q1FY24 grew by 98.37% YoY to Rs 25,297 crores from Rs 12,753 crores during Q1FY23. • Bank’s ROA and ROE for the quarter stand a
Posted Date : 10-08-23

Public Lender, SBI to raise USD 2 Billion

New Delhi: India's Largest Public Sector bank, State Bank of India on April 18 announced to raise funds for the Financial year 2024. In its regulatory filing, the bank mentioned that the Executive Committee of the Central Board in its meeting decided to raise up to US$2 Billion through
Posted Date : 19-04-23

SBI collaborates with a start-up, Garuda Aerospace

New Delhi: India's biggest public sector bank, State Bank of India (SBI) collaborates with a startup, Garuda Aerospace Pvt Ltd (GAPL) with a view to making drone technology more accessible to the agricultural sector while also increasing efficiency in the sector's use of the technology.
Posted Date : 17-04-23

SBI invites application for Channel Manager and Support Officer posts: Apply Now

New Delhi: India's biggest public sector bank, State Bank of India is Recruiting, the bank recently posted applications for Channel Manager and Support Officer posts. This recruitment will begins for over 1000 Support Officer & other posts on sbi.co.in
Posted Date : 07-04-23

India's Leading Bank SBI is hiring; Applications closing soon

New Delhi: The Indian multinational public sector bank and 43rd largest bank in the world State Bank of India (SBI) Mumbai, Maharashtra is looking for various higher post applicants for the company. The bank is hiring for 15 different designated areas including Assistant Managers, Deputy Managers
Posted Date : 07-09-22

SBI Chairman handed over first tranche of Rs 4.7 Cr to General Manoj Pande, COAS

New Delhi: General Manoj Pande, Chief of the Army Staff interacted with Mr Dinesh Khara, Chairman of State Bank of India & discussed avenues of partnership. The partnership between SBI and Indian Army is Under the Corporate social responsibility for Paraplegic Rehabilitation Centre &
Posted Date : 16-07-22

SBI reports highest quarterly Net Profit of Rs. 9,114 cr in Q4 FY22

• Bank has registered its highest quarterly Net Profit of Rs. 9,114 crores in Q4FY22, witnessing a growth of 41.28% YoY. Net profit for FY22 grew by 55.19% YoY to Rs. 31,676 crores. • Return on Equity (RoE) as at the end of FY22 stands at 13.92% which is higher by 398 bps YoY.
Posted Date : 13-05-22

SBI Q3 FY22: Net profit up by 62% YoY to Rs. 8,432 crores

New Delhi: Country's largest public lender, the State Bank of India (SBI) on Saturday reported an increase of 62.27% YoY in its net profit at Rs 8,431.88 crore compared with Rs 5,196.22 crore in the corresponding quarter last year. Bank's Net Interest Income (NII) for Q3 FY22 increased by
Posted Date : 05-02-22

SBI Tender: CCI imposed penalty on 7 entities for bid-rigging

New Delhi: The Competition Commission of India (‘CCI’) passed a final order against seven entities for indulging in an anti-competitive agreement for the supply of signages for branches/offices/ATMs of State Bank of India (SBI). Amongst these seven entities, one party was a lesser penalt
Posted Date : 05-02-22

SBI partners with Tata Power for financing Solar projects

Mumbai: With an aim to strengthen the existing financing arrangement for solar power projects, the country’s largest lender State Bank of India (SBI) has launched a dedicated centralized processing cell - ‘Surya Shakti Cell’. The Bank has entered into an agreement with Tata Power S
Posted Date : 01-02-22

SBI takes down its circular on recruitment of pregnant women

New Delhi: India's largest lender, State Bank of India face lots of criticism over its recently uploaded circular on the recruitment of pregnant women, in which according to the revised 'Fitness Standards for Recruitment' in the bank mentioned that woman candidate with more than three mo
Posted Date : 29-01-22

SBI increased IMPS transaction limit to Rs 5 lac with NIL charges

New Delhi: Indian's Largest public sector bank, State Bank of India enhances IMPS transaction limit to Rs. 5 lacs. No charges for digital IMPS transactions Earlier the bank has Rs. 2 lacs IMPS transaction limit. No service charges will apply for IMPS transactions up to Rs. 5 lacs undert
Posted Date : 06-01-22

Govt notifies Sale of Electoral Bonds at Authorised Branches of SBI

New Delhi: The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in item No. 2 (d) of Gazette Notification), who is a citizen of India or
Posted Date : 31-12-21

RBI imposed 1 crore penalty on State Bank of India

New Delhi: The Reserve Bank of India (RBI) has, by an order dated November 16, 2021, imposed a monetary penalty of Rs 1 Crore on the State Bank of India (the bank) for contravention of sub-section (2) of section 19 of the Banking Regulation Act, 1949 (the Act). This penalty has been imposed in the e
Posted Date : 27-11-21

SBI Q2 FY22 Results: Highest Quarterly Net Profit of Rs. 7,627 crores

New Delhi: India's Largest multinational public sector bank the State Bank of India on Nov 03, 2021, posted year-on-year highest quarterly Net Profit of Rs. 7,627 crores in Q2FY22. This represents an increase of 66.73% YoY. Bank's Operating Profit increased by 9.84% YoY to Rs. 18,079 c
Posted Date : 05-11-21

RBI imposed a penalty of Rs. 1 cr. on State Bank of India

New Delhi: The Reserve Bank of India (RBI) has, by an order dated October 18, 2021, imposed a monetary penalty of Rs. 1 crore on the State Bank of India for non-compliance with the directions contained in ‘Reserve Bank of India (Frauds classification and reporting by commercial
Posted Date : 18-10-21