Sbi Shares News


'Sbi Shares' - 150 News Result(s)

  • 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.

  • SBI Gets Shareholders Nod for Raising Rs 5,393 Cr from Government

    SBI Gets Shareholders Nod for Raising Rs 5,393 Cr from Government

    With the issuance of 19.65 crore shares, the government's holding in the bank will increase from existing 59.15 per cent to 60.18 per cent, SBI said in a statement.

  • SBI Fixes Rs 274.37 Price for Preferential Share Issue to Government

    SBI Fixes Rs 274.37 Price for Preferential Share Issue to Government

    The bank will issue 19,65,59,390 equity shares on a preferential basis to the government for capital infusion of Rs 5,393 crore.

  • SBI to Get Infusion of Rs 5,393 Cr From Government

    SBI to Get Infusion of Rs 5,393 Cr From Government

    State Bank of India (SBI), the country's largest lender, on Tuesday said it will issue equity shares on a preferential basis to the government for capital infusion of Rs 5,393 crore.

  • Derivative Watch: Nifty Range Seen at 8,300-8,600; ACC, Hindalco in Focus

    Derivative Watch: Nifty Range Seen at 8,300-8,600; ACC, Hindalco in Focus

    Nirmal Bang Securities in a note said looking at the options spread the broad range for Nifty is likely to be 8,300-8,600 for Thursday. Maximum open interest (outstanding positions) remain in 8,600 strike Nifty calls; on Wednesday, OI in the 8,600 strike rose by 4 per cent to 51.8 lakh shares, indicating that Nifty is likely to face resistance arou...

  • Buy Bank of Baroda, Sell Canara Bank: Daljeet Kohli

    Buy Bank of Baroda, Sell Canara Bank: Daljeet Kohli

    Daljeet Kohli of IndiaNivesh Securities says recent gains in state-run banks are not justified because the government's 7-point reform plan to shake up the banking sector lacks a concrete strategy to tackle the worrisome bad loans situation. However, management changes at the top can have a positive impact on a lender's growth trajectory, he added.

  • Markets Fall Nearly 1%; SBI Drags Post Results

    Markets Fall Nearly 1%; SBI Drags Post Results

    The stock markets fell about 1 per cent on Tuesday, heading towards their biggest single-day loss in over two weeks, led by declines in lenders after State Bank of India's quarterly results disappointed investors.

  • Stock Talk: Avinnash Gorakssakar on GIC Housing, Kalyani Steels, DHFL

    Stock Talk: Avinnash Gorakssakar on GIC Housing, Kalyani Steels, DHFL

    Avinnash Gorakssakar of Precision Investment Services says a "meaningful correction" is expected in the Nifty towards 8250-8200 in case the GST Bill is not passed in the current session that ends on August 13.

  • Listed Firms Line Up Rs 55,000 Crore Fund-Raising Plans

    Listed Firms Line Up Rs 55,000 Crore Fund-Raising Plans

    This comes on top of close to Rs 13,000 crore having been already raised by various listed companies by issuance of shares to institutional investors so far in 2015.

  • SBI MF Lowers Stake in McDowell Holdings

    SBI MF Lowers Stake in McDowell Holdings

    SBI Mutual Fund has cut its stake by 3 per cent in Vijay Mallya-led McDowell Holdings to 5.77 per cent.

  • Banking Stocks Surge; ICICI, SBI, HDFC Bank Lead Gains

    Banking Stocks Surge; ICICI, SBI,  HDFC Bank Lead Gains

    Banking shares rallied on Monday with the sectoral index Bank Nifty rising nearly 1.8 per cent as compared to a 0.90 per cent gain in Nifty. Analysts attributed the outperformance to a catch-up rally.

  • Bank Stocks Struggle as Inflation Inches Up

    Bank Stocks Struggle as Inflation Inches Up

    Shares of banks stocks were struggling on Monday after data released on Friday showed that consumer price inflation inched higher in May.

  • PSU Banks Gain on Fund-Raising Boost

    PSU Banks Gain on Fund-Raising Boost

    Shares of PSU banks outperformed the broader markets today after the government signaled that it is ready to allow lenders raise funds from the market to meet their capital needs.

  • Bank Shares Surge as Rate Cut Hopes Rise Post Economic Survey

    Bank Shares Surge as Rate Cut Hopes Rise Post Economic Survey

    Analysts say if Budget to be presented tomorrow confirms the GDP and fiscal deficit numbers given in the economic survey, then rate cuts are possible after budget.

  • SBI to Fix Issue Price for Rs 2,970 Crore Infusion by March-End

    SBI to Fix Issue Price for Rs 2,970 Crore Infusion by March-End

    Also, Bank of Baroda (BOB) will decide upon issue price of shares for capitalisation worth Rs 1,260 crore on March 26.

  • SBI to Issue Shares Worth Rs 2,970 Crore to Government

    SBI to Issue Shares Worth Rs 2,970 Crore to Government

    The decision came after the government last week said it will infuse Rs 2,970 crore into the country's largest lender under its Rs 11,200 crore capital infusion plan for public sector banks announced in the Budget for 2014-15.

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