SBIN: Parminder Singh Becomes Deputy MD & Group Compliance Officer At SBIN; Ruma Dey Named Deputy MD (OSD) Corporate Centre. 🌟📈

 23 Jul 2025 04:58 PM

SBIN: Parminder Singh Becomes Deputy MD & Group Compliance Officer At SBIN; Ruma Dey Named Deputy MD (OSD) Corporate Centre. 🌟📈

PSBs ready insurance units' divestment plan

 22 Jul 2025 11:57 PM

State-run banks plan to disinvest in their insurance subsidiaries. This follows the Centre's approval of 100% foreign investment in the insurance sector. Banks like State Bank of India, Canara Bank, and Punjab National Bank may pursue IPOs and stake sales. The government is reviewing progress on unlocking value from bank subsidiaries.

SBI raises Rs 25,000 crore through QIP at Rs 817 a share

 22 Jul 2025 05:46 AM

State Bank of India (SBI) successfully raised ₹25,000 crore through a qualified institutional placement (QIP), issuing 305.9 million shares at ₹817 apiece. The QIP, India's largest to date, witnessed strong demand, being oversubscribed 4.5 times, with foreign investors accounting for a significant portion. LIC increased its stake in SBI, investing ₹5,000 crore in the QIP.

SBI classifies RCom, its promoter Anil Ambani as 'fraud'; to lodge complaint with CBI

 21 Jul 2025 08:32 PM

State Bank of India has labeled Reliance Communications and Anil D Ambani as fraudulent. The bank is preparing to file a complaint with the CBI. This action follows RBI guidelines. SBI's credit exposure to RCom is significant. RCom is currently undergoing insolvency proceedings. A resolution plan awaits NCLT approval. The government is also supporting farmers through credit and insurance schemes.

SBI raises Rs 25,000 cr via share sale

 21 Jul 2025 08:01 PM

State Bank of India (SBI) on Monday said it has raised Rs 25,000 crore through Qualified Institutional Placement (QIP) to fund business growth.

SBIN: LIC Raises Its Shareholding In SBI To 9.49% By Investing ₹5,000 Crore In QIP 🏦📈

 21 Jul 2025 06:42 PM

SBIN: LIC Raises Its Shareholding In SBI To 9.49% By Investing ₹5,000 Crore In QIP 🏦📈

Customer experience remains central to SBI's growth strategy: Chairman

 18 Jul 2025 03:18 PM

State Bank of India has been recognized as the 'World's Best Consumer Bank' for 2025 by Global Finance magazine. The award, based on extensive research, will be presented in October 2025.

SBI achieves record Rs 25,000 crore institutional share sale with strong investor demand

 18 Jul 2025 08:34 AM

State Bank of India's monumental ₹25,000-crore QIP witnessed overwhelming demand, exceeding four times the offered stock. Attracting bids worth ₹1.10 lakh crore from around 120 investors, including BlackRock and Marshall Wace, the sale underscores confidence in SBI's growth prospects. The capital raise will bolster SBI's CET 1 ratio, positioning it for future expansion.

IndiGo, IRCTC among 17 top bets from large, small, midcap space: PL Capital

 17 Jul 2025 09:30 AM

PL Capital has identified its top stock picks across various market caps. These include InterGlobe Aviation and Indian Railway Catering and Tourism Corporation. The brokerage firm maintains overweight positions in sectors like banks and healthcare. They have increased allocation to Axis Bank and State Bank of India. The firm's Nifty target is 26,889 in its base case scenario.

SBI shares up 1.3% as lender launches Rs 25,000 crore QIP at discount

 17 Jul 2025 09:11 AM

SBI shares: State Bank of India has launched a Rs 25,000 crore Qualified Institutional Placement (QIP) for institutional investors, setting the floor price at Rs 811.05 per share. The bank also plans to raise Rs 20,000 crore through Basel III-compliant bonds.