Latest News, Updates & Breaking Headlines
MUMBAI: SBI Mutual Fund, the largest fund house in India, on Thursday filed for its much-awaited public offering, expected later in the year. Through this offer, the two sponsors of the fund house-SBI and Amundi (of France)-are selling 6.3% and 3.7% stakes, respectively.The two sponsors of the fund house are expected to garner a total…
State Bank of India (SBI) has issued a warning for its customers. In a post on microblogging platform X (formerly Twitter), the country’s largest bank warned against fraudsters sending fake “bank letter” and “KYC alerts” to SBI customers. Stating that these links push malicious APK files, the bank advised its customers to install apps only…
A sharp sell-off in equities last week led to a significant erosion in the market value of the country’s most valuable companies, with the top 10 firms together losing Rs 4.48 lakh crore. Banking heavyweights State Bank of India and HDFC Bank saw the steepest decline in their valuations during the period. The fall in…
MUMBAI: Japan’s Mitsubishi UFJ Financial Group and State Bank of India on Wed announced a strategic partnership to structure and finance projects, including mergers and acquisitions, acquisitions, and real estate funding for Indian and global clients.The alliance follows new rules by Reserve Bank of India allowing banks to fund corporate acquisitions up to 75% of…
The State Bank of India (SBI) on Saturday announced the launch of a $500 million syndicated social term loan facility focused exclusively on women’s economic empowerment, with a greenshoe option, ahead of International Women’s Day.In a statement, the country’s largest lender said the transaction marks a milestone for both SBI and the global ESG financing…
India’s largest public lender, State Bank of India (SBI) has set a target to increase the share of green advances in its loan portfolio to 7.5–10 per cent by 2030 as part of efforts to support India’s transition towards sustainable financing and low-carbon growth.The country’s largest lender said 25 per cent of these green advances…
Six of ten most-valued companies saw their market capitalisation soar by Rs 63,478.46 crore last week, fueled by strong gains in Larsen & Toubro and State Bank of India. The broader market also moved modestly higher, with the 30-share BSE Sensex rising 187.95 points, or 0.22%, during the week. Among the top firms, Larsen &…
US Supreme Court’s recent striking down of President Donald Trump’s tariff framework could lift the policy outlook and influence the current climate of uncertainty. A recent report by SBI Research has suggested that countries may have to negotiate with a “counter-intuitive” approach in the interim phase, given that the final say on tariff matters rests…
Mumbai: SBI Mutual Fund, India’s largest fund house, is set to file its offer document for its $1.5 billion (around Rs 13,500 crore) IPO by mid-March. The filing is expected to be through the confidential route, sources said. Shareholders and employees of SBI would have a quota in the SBIMF offer through which the two…
India’s trade surplus with the United States could exceed $90 billion annually, according to a new report by SBI. This growth has been driven by rising exports and higher import potential. Indian exporters could boost their top 15 items’ exports to the US by $97 billion yearly, with total exports potentially crossing $100 billion annually…
