Diabytes
SBI shares News
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SBI yesterday said that it has raised Rs 10,000 crores at a coupon rate of 7.36% through its sixth infrastructure bond issuance.
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Led by the rally in the stock, the company's market valuation surged Rs 16,789.92 crore to Rs 2,87,619.92 crore.
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As of September 30, the bank's gross NPAs deteriorated to 9.83 percent of gross advances, compared with 7.14 percent year a year ago.
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This is in addition to the existing waiver on processing fee on takeover of home loans, SBI said in a release.
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SBI said the bonds will carry a coupon rate of 8.15 percent per annum with a call option after 5 years or the anniversary date thereafter.
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The market on Monday remained under pressure as the Sensex was down 385.10 points or 1.47 percent at 25765.14 and the Nifty down 145 points or 1.80 percent at 7929.10, erasing all 2016 gains.
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Shares of country's largest lender SBI today dipped 3 percent after the bank saw a massive 99.6 percent plunge in its September quarter consolidated profit at Rs 20.7 crore, hit by 3-fold rise in bad loan provisioning.
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Shares of State Bank of India today surged over three per cent in early morning trade after its board cleared the merger of five associate banks and Bharatiya Mahila Bank with itself.
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Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.
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Country's largest lender SBI Friday said its has got shareholders' approval to raise up to Rs 15,000 crore by public issue or overseas issuance of shares.
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The stock was the top gainer among the 30-Sensex components.
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State Bank of India's shares Tuesday fell by nearly 5 percent, wiping out Rs 10,441 crore from its market valuation, after the company saw increase in net non-performing assets on sequential basis in the June quarter.
The company's market value fell by Rs 2,312.46 crore to Rs 2,13,707.54 crore.
State Bank of India , the country`s largest lender, may offer employee share options, recruit specialists and promote faster - radical changes that promise to shake up a bloated, debt-heavy sector.
SBI Life Insurance is a joint venture between the State Bank of India and BNP Paribas Cardif, the life, property and casualty insurance arm of France`s BNP Paribas SA.
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Country's largest lender State Bank of India Friday reported a 30 percent rise in net profit at Rs 2,910 crore for the third quarter ended December 2014 helped by higher treasury income and tight cost control steps.
The stock was the top gainer among the blue-chips on both Sensex and Nifty.
Shares of SBI fell by over 1 percent Friday after the company reported a nominal increase of 3.3 percent in net profit for the quarter ended June 30.
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