Sbi Shares News


'Sbi Shares' - 165 News Result(s)

  • Sensex Ends Lower; SBI Up 4.1%

    Sensex Ends Lower; SBI Up 4.1%

    Indian shares closed marginally lower on Friday as global sentiment was subdued following comments by some U.S. Federal Reserve officials, although gains in individual stocks such as State Bank of India supported indexes.

  • SBI Moves Closer To Merger With Associates, Set To Break Into Global Top 50

    SBI Moves Closer To Merger With Associates, Set To Break Into Global Top 50

    State Bank of India shares jumped nearly 4 per cent on Friday, a day after the lender's board approved the scheme of merger with five associate banks and Bharatiya Mahila Bank (BMB). The merger, announced in May, was approved by the Union Cabinet in June

  • Sensex Edges Lower; IT, Auto Stocks Drag

    Sensex Edges Lower; IT, Auto Stocks Drag

    Indian shares were little changed on Friday as gains in some individual stocks such as State Bank of India supported indexes, while broader sentiment was hurt after hawkish comments from some US Federal Reserve officials.

  • Sun Pharma Promoter Firm pledges 1 Crore Shares To SBI

    Sun Pharma Promoter Firm pledges 1 Crore Shares To SBI

    Sun Pharmaceutical Industries said Virtuous Finance, part of the promoter group has pledged one crore shares of the company amounting to 0.42 per cent stake to State Bank of India.

  • Buy SBI, Axis Bank; Avoid AB Nuvo: Ruchit Jain

    Buy SBI, Axis Bank; Avoid AB Nuvo: Ruchit Jain

    The Sensex rallied nearly 300 points and Nifty closed above its crucial psychological level of 8,650 on Friday on the back of rally in banking shares which was triggered after India's biggest public sector lender reported better-than-expected June quarter earnings.

  • SBI Shares Jump 9% On Q1 Profit Beat, Stable Asset Quality

    SBI Shares Jump 9% On Q1 Profit Beat, Stable Asset Quality

    State Bank of India on Friday beat profit estimates in the June quarter, while reporting stable asset quality, leading to 9 per cent jump in its shares.

  • State Bank Of Mysore Posts Rs 472 Crore Loss In Q1 On Bad Loans

    State Bank Of Mysore Posts Rs 472 Crore Loss In Q1 On Bad Loans

    SBI associate State Bank of Mysore slipped into losses at Rs 471.88 crore in the first quarter on mounting bad loans, resulting into over sevenfold jump in provisions.

  • Sensex Gains As G20 Policymakers Pledge To Support Growth

    Sensex Gains As G20 Policymakers Pledge To Support Growth

    Shares rose on Monday, with recent under-performers such as Infosys and State Bank of India recovering on improved sentiment following assurances from global policymakers on the need to boost growth.

  • Buy ICICI Bank, Axis Bank, SBI: Sumeet Bagadia

    Buy ICICI Bank, Axis Bank, SBI: Sumeet Bagadia

    Sensex rose over 150 points while Nifty closed above its important level of 8,500 for first time in 11 months led by strong gains in banking shares. Amid rally in banking shares, NDTV Profit spoke to Sumeet Bagadia, associate director at Choice Broking for his views on banking shares.

  • SBI Associate Banks Extend Rally, Surge Nearly 20%

    SBI Associate Banks Extend Rally, Surge Nearly 20%

    Shares of three listed associate banks of State Bank of India - State Bank of Travancore, State Bank of Bikaner and Jaipur and State Bank of Mysore - surged nearly 20 per cent today.

  • Sensex Set To Snap 4-Day Losing Streak, SBI Jumps

    Sensex Set To Snap 4-Day Losing Streak, SBI Jumps

    Indian shares rose on Wednesday after four consecutive sessions of falls as investors saw recent losses as overdone, even though sentiment was broadly cautious ahead of the U.S. Federal Reserve's policy decision and the Brexit referendum.

  • SBI Associate Banks Rally Up To 20% On Merger Nod

    SBI Associate Banks Rally Up To 20% On Merger Nod

    The Union Cabinet on Wednesday gave in-principle approval to the merger of State Bank of India with five of its associate banks, leading to a sharp rally in shares of State Bank of Travancore, State Bank of Bikaner and Jaipur and State Bank of Mysore.

  • Sensex Trades On Lacklustre Note As Global Concerns Persist; Banks Gain

    Sensex Trades On Lacklustre Note As Global Concerns Persist; Banks Gain

    Bank shares rose, sending the Nifty bank index up as much as 0.60 percent after the RBI on Monday relaxed guidelines for lenders restructuring large stressed loans, in a move that could allow banks to more effectively manage bad loans.

  • PSU Banks, Leveraged Firms Gain As RBI Eases Restructuring Rules

    PSU Banks, Leveraged Firms Gain As RBI Eases Restructuring Rules

    Shares of public sector lenders as well as debt-laden companies jumped sharply on Tuesday after Reserve Bank of India relaxed restructuring guidelines for large stressed loans.

  • Buy SBI, Engineers India, Avoid RCom: Ruchit Jain

    Buy SBI, Engineers India, Avoid RCom: Ruchit Jain

    The Nifty may face resistance around 8,250-8,300, though the current momentum in large cap shares may help the index make a decisive up move towards 8,330, says Ruchit Jain, senior technical analyst with Angel Broking.

  • SBI's Bad Loans Jump To Staggering Rs 1 Lakh Crore, Profit Slumps 66%

    SBI's Bad Loans Jump To Staggering Rs 1 Lakh Crore, Profit Slumps 66%

    SBI's numbers were much better that its other state-run peers. Over the last few weeks, many public sector banks have reported thousands of crores of losses because of mounting bad loans.

  • SBI Net Profit Seen Falling By 50% In Q4

    SBI Net Profit Seen Falling By 50% In Q4

    SBI is expected to make a provision of Rs 8,869 crore towards stressed loans in the March quarter, up 16 per cent from Rs 7,644 crore in the December quarter.

  • Sensex Trades Higher Amid Rally In Banking Stocks; Wipro Sinks

    Sensex Trades Higher Amid Rally In Banking Stocks; Wipro Sinks

    The Nifty Bank, NSE's sub-index for banking shares, was up over 2 per cent, led by gains in ICICI Bank, Bank of Baroda, SBI and Axis Bank.

  • Banks File Counter Objections to Rs 594 Crore UBHL Claim: Report

    Banks File Counter Objections to Rs 594 Crore UBHL Claim: Report

    A consortium of banks led by State Bank of India (SBI) on Wednesday filed counter objections against Vijay Mallya-controlled UBHL's claim of Rs 594 crore from them for compensating the losses incurred by it due to the sale of United Spirits Ltd (USL) equity shares by lenders at a "cheaper rate".

  • PSU Banks Rally on RBI Move; Shares Surge Up to 12%

    PSU Banks Rally on RBI Move; Shares Surge Up to 12%

    SBI was also the top gainer among 30-Sensex blue-chips.

  • HPL Electric Files IPO Paper With Sebi; To Mop Up Rs 450 Cr

    HPL Electric Files IPO Paper With Sebi; To Mop Up Rs 450 Cr

    The issue is being managed by SBI Capital Markets, ICICI Securities and IDFC Bank. The equity shares will be listed on the BSE and NSE.

  • Sensex Tanks 800 Points as Bad Loans Shake Banks: 10 Developments

    Sensex Tanks 800 Points as Bad Loans Shake Banks: 10 Developments

    The BSE Sensex slumped over 800 points on Thursday tracking huge selloff in global markets. Investors dumped shares of state-lenders, which weighed on market sentiments. Relentless selling across the board sent the Sensex crashing below 23,000, while the broader Nifty breached the key 7,000 levels for the first time since May 12, 2014.

  • State Bank of India Q3 Profit Slumps 62% on Higher Bad Loans

    State Bank of India Q3 Profit Slumps 62% on Higher Bad Loans

    SBI's profitability was hit because of a 60 per cent rise in provisions for bad loans. SBI set aside Rs 7,645 crore for non-performing loans, which soared 28 per cent sequentially to Rs 72,792 crore in the December quarter.

  • SBI to Raise up to Rs 15,000 Crore by March 2017

    SBI to Raise up to Rs 15,000 Crore by March 2017

    State Bank of India (SBI), the country's largest lender, on Friday said it proposes to raise up to Rs 15,000 crore from various means, including public offer and overseas issuance of shares, in the next 14 months.

  • Buy Axis Bank, IGL, Avoid Adani Power: Shahina Mukadam

    Buy Axis Bank, IGL, Avoid Adani Power: Shahina Mukadam

    Market expert Shahina Mukadam says the Nifty has strong support at 7,700 and further upside is seen if the index holds above this level. While some volatility is expected going ahead, December is expected to be a better month for the broader markets as compared to last month, she added.

  • Why Kotak's Sanjeev Prasad is Positive on RIL and SBI

    Why Kotak's Sanjeev Prasad is Positive on RIL and SBI

    He expects shares of RIL to go up to Rs 1,100-1,200 over 9 to 10 months "when market participants get more comfortable about contribution from two new projects.

  • SBI Beats Forecasts With 25% Rise in Q2 Profit

    SBI Beats Forecasts With 25% Rise in Q2 Profit

    Net profit rose to Rs 3,879 crore for its second quarter ended September 30, from Rs 3,100 crore a year earlier, SBI said in a statement on Friday.

  • SBBJ Surges 9% as Asset Quality Improves in Q2

    SBBJ Surges 9% as Asset Quality Improves in Q2

    State Bank of Bikaner and Jaipur (SBBJ) shares surged as much as 9 per cent on Tuesday after the lenders reported improvement in asset quality and profit for the July-September quarter of the current fiscal year.

  • Banks, HFCs Rally as RBI Cuts Risk Weightage on Home Loans

    Banks, HFCs Rally as RBI Cuts Risk Weightage on Home Loans

    Shares in banking and housing finance companies outperformed broader markets on Friday after the Reserve Bank announced a reduction of risk weightage for housing loans up to Rs 75 lakhs.

  • SBI, Bank of Baroda Allot Shares to Government for Capital Infusion

    SBI, Bank of Baroda Allot Shares to Government for Capital Infusion

    SBI in a BSE filing said the Committee of Directors for Capital Raising considered and accorded approval to allot 19,65,59,390 shares on a preferential basis to the government at an issue price of Rs 274.37 a share for Rs 5,392.99 crore.

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