State Bank Of India News

NSE: SBI Industry : Bank - Public

SBI raises $300 million from Regulation S Formosa bonds

Formosa bond is a bond issued in Taiwan

14 Jan 2022, 09:18 AM

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State Bank of India invests $20 million in Pine Labs: Report

The bank had, last year, invested in banking technology start-up Cashfree

06 Jan 2022, 12:59 PM

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State Bank of India to enhance free IMPS online transactions limit to Rs 5 lakh

In the case of Branch Channels, there is no change in the service charges in the existing slabs

05 Jan 2022, 12:27 PM

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SBI rises on planning to acquire about 10% stake in India International Clearing Corporation

The strategic investment in IICC is aimed at strengthening the financial markets infrastructure

31 Dec 2021, 10:14 AM

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State Bank of India to acquire about 10% stake in India International Clearing Corporation

The strategic investment in IICC is aimed at strengthening the financial markets infrastructure

31 Dec 2021, 09:36 AM

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SBI picks up minority stake in JSW Cement via CCPS

This capital infusion will support JSW Cement's capacity expansion from the current 14 million tonnes per annum to 25 MTPA

21 Dec 2021, 16:09 PM

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SBI's exposure to road sector stands at Rs 90,000 crore

The bank has granted credit worth Rs 35,000 crore as of June 30, 2021 to support the National Highways Authority of India

20 Dec 2021, 14:39 PM

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State Bank of India launches new 'Namaste UK' account

Additional plans are aimed at New to Bank (NTB) customers, allowing them to use SBI UK remittance facilities without the need to open a bank account

20 Dec 2021, 10:24 AM

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State Bank of India inches up on renewing memorandum of understanding with Indian Army

Under the MoU, the bank offers complimentary personal and air accidental insurance (death) covers

16 Dec 2021, 11:05 AM

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State Bank of India renews memorandum of understanding with Indian Army

Under the MoU, the bank offers complimentary personal and air accidental insurance (death) covers

16 Dec 2021, 10:33 AM

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SBI gains on raising Rs 3974 crore via bonds

The Committee of Directors for Capital Raising at its meeting held on December 14, 2021 accorded its approval for the same

16 Dec 2021, 10:23 AM

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SBI to offload 6% stake in SBI Funds Management through IPO

Accordingly, SBI currently holds 63 per cent stake in SBI Funds Management

15 Dec 2021, 15:32 PM

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SBI collects Rs 346 crore since FY18 in additional services fee on basic savings, Jan Dhan account

SBI has charged Rs 224.8 crore during the period from 2019-20 to 2020-21 for providing additional services demanded by the customers beyond the minimum allowed free services at BC/CSP

15 Dec 2021, 12:38 PM

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SBI informs about disclosure

15 Dec 2021, 09:53 AM

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SBI raises Rs 3974 crore via bonds

The Committee of Directors for Capital Raising at its meeting held on December 14, 2021 accorded its approval for the same

15 Dec 2021, 10:11 AM

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SBI invites bids to sell NPA account KSK Mahanadi Power with dues over Rs 4,100 crore

The e-auction of KSK Mahanadi is scheduled to take place on December 31, 2021

06 Dec 2021, 09:41 AM

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Today's price summary

Performance Today

Inline with Sector

Moving Averages

St Bk of India is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages

Falling Investor Participation

Delivery Vol of 34.99 lacs on 14 Jan has fallen by -39.49% against 5-day avg delivery vol

Liquidity

Based on 2% of 5 day average traded Value the stock is liquid enough for trade size of Rs 14.03 cr

Stock DNA

1 Years Returns

STOCK

-31.96

SECTOR

-34.94

SENSEX

-75.05

Industry

Public Banks

MARKET CAP

Rs 4,60,777 Cr

PRICE TO ADJ. BV

1.69

DIVIDEND YIELD

0.79%

Moving average Buy Sell
Technical Indicator Buy Sell
Moving average Buy Sell
Technical Indicator Buy Sell
Moving average Buy Sell
Technical Indicator Buy Sell

The State Bank of India is a PSU banking and financial services company with a total market capitalization of Rs 467,738 crore.

The State Bank of India is the largest public sector bank and play a critical role in maintaining the country’s economy. Besides providing banking services, SBI offers various other financial services like life insurance, merchant banking, mutual funds investment, credit cards, factoring security trading, pension fund management through its various subsidiaries. It operates primarily into four banking categories.

  • Treasury 
  • Corporate or wholesale 
  • Retail banking 
  • Other banking businesses   

The treasury segment includes investment portfolio and trading in foreign exchange contracts and derivative contracts. And, the wholesale banking segment concerns itself with lending activities to corporates, asset management and more. 

SBI can boast about having one of the largest branch networks covering metro cities, tier II and III cities, and rural India. It has 16,000 branches and is one of the most valued banks worldwide. 

SBI has a presence in 32 countries across the globe and is represented through 156 offices. 

SBI was incorporated in 1955, and its origin can be traced back to colonial India from the founding of the Imperial Bank of India or Bank of Calcutta in 1806. Those were the oldest commercial banks in Asia. In 1955, the government of India nationalised the Imperial Bank of India, with the RBI picking up a 60% stake in it and changing its name to State Bank Of India. 

Company performance 

SBI’s quarter two performance reports showed a record jump in net profit by 67%, taking profit amount to Rs 7,626 crores

It reported a net profit of Rs 4574 crore during the same quarter last year

Sequential profit grew by 17%. In Q1 ended in June 2021, the bank’s profit was Rs 6,504 crore

Bank’s net interest income, which is the difference between interest earned and paid, rose by 10.6%, and net interest margin clocked 3.50% growth

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