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File photo: State Bank of India Chairman CS Setty (Picture credit: ANI) State Bank of India (SBI) is targeting a place among the world’s top 10 most valued banks by 2030, a day after crossing the Rs 100 lakh crore business mark. Chairman CS Setty said the country’s largest lender by market capitalisation now aims…
Morgan Stanley has an equal-weight rating on SBI with the target price raised to Rs 1,025. Analysts said the key positive from SBI’s July-Sept (Q2FY26) results was a 5% higher net interest income (NII) over analysts’ estimates and strong fees. Its profit after tax (PAT, pre-exceptional gain) was 15% above estimates, while asset quality remained…
Shares of State Bank of India (SBI) are witnessing renewed investor optimism following its strong September-quarter performance, prompting top brokerages to raise their price targets by as much as 20% over the next year.Analysts said the lender’s steady profit growth and improving asset quality have strengthened investor confidence, while derivatives data indicated fresh bullish positions…
MUMBAI: State Bank of India said it will divest 3.2 crore shares, or 6.3%, of its stake in SBI Funds Management through an IPO, subject to regulatory approvals. Co-promoter Amundi India Holding will sell 1.9 crore shares, or 3.7%, taking the total offering to 10% of the company’s equity, or about 5.1 crore shares. The…
Mumbai: State Bank of India expects corporate credit growth to accelerate in the coming quarters, supported by a Rs 7 lakh crore pipeline of loans. Chairman CS Setty said the bank anticipates at least 10% growth in corporate lending over the next two quarters, even as corporates continue to make large pre-payments.Setty said repayments in…
Mumbai: A State Bank of India research report has called for a long-term national gold policy that defines gold’s role, as money or as a commodity, and aligns it with broader financial reforms. The report said such a framework should link to India’s plans for capital account convertibility and encourage investment through the monetisation of…
MUMBAI: State Bank of India (SBI) reported a 10% rise in standalone net profit for the quarter ended Sept, aided by a one-time gain from the sale of its stake in Yes Bank and steady loan growth. During the quarter the bank’s total business crossed the Rs 100 lakh crore-mark. The bank’s standalone net profit…
SBI Clerk Prelims Result 2025 The State Bank of India (SBI) has officially announced the results of the Clerk Preliminary Examination held on September 20, 21 and 27, 2025. The exam was conducted for the recruitment of Junior Associates (Customer Support and Sales), one of the most popular banking jobs among graduates in India. Candidates…
SBI Q2 results: State Bank of India (SBI) reported a standalone net profit of Rs 20,160 crore for the second quarter of FY26, marking a year-on-year rise of 9.97%, as per the lender’s regulatory filing released on Tuesday.SBI stock hit a 52-week high in trade today after beginning the day at Rs 952.25. It closed…
MUMBAI: State Bank of India (SBI) reported a 10% rise in standalone net profit for the quarter ended Sept 2025, aided by a one-time gain from the sale of its stake in Yes Bank and steady loan growth, even as margins remained under pressure. During the quarter the bank’s total business crossed the Rs 100…
