Page 25 - Sbi

SBI cuts home loan interest rate to 6.7%, waives processing fees

SBI announces festive bonanza for home buyers

PSU Bank index up 4% ahead of FM press conference; SBI nears record high

A media report said the FM is expected to make announcements about a proposal to set up a bad bank

Sensex ends at record high, up 476 pts; Voda Idea gains 3% on govt relief

Both Sensex and Nifty hit fresh record highs in intra-day deals on Wednesday

Household debt may have declined to 34% in Q1 FY22, says SBI report

The household debt as a percentage of gross domestic product (GDP) may have declined to 34 per cent in the first quarter of 2021-22, according to an estimate by the State Bank of India's research report Ecowrap. The COVID-19 pandemic has resulted in a spike in household debt to the GDP rate. As per the report, it rose sharply to 37.3 per cent in 2020-21 from 32.5 per cent in 2019-20. We estimate that household debt as a percentage of GDP has declined to 34 per cent in Q1 FY22 with the commensurate rise in GDP in the first quarter, though it has increased in absolute terms, the research report released on Wednesday showed. In absolute numbers, the household debt has increased to Rs 75 lakh crore in the first quarter of FY22 from Rs 73.59 lakh crore in FY21, it said. It said the recently released India Debt & Investment Survey (AIDIS) report for 2018 showed an increase in the average amount of debt among rural as well as urban households between 2012 and 2018. The average amount of

State Bank of India to cut base rate by 5 bps to 7.45%, also reduce PLR

Also, it has cut its prime lending rate by 5 bps to 12.20 per cent

Banks call on government to ease pressure on debt-laden Vodafone Idea

Banks led by State Bank of India have called on the Indian government to give debt-laden Vodafone Idea more time to clear its tax dues and spectrum fees

Andhra appoints former SBI chief Rajnish Kumar as economic advisor

A former SBI chairman, Rajnish Kumar's tenure in the cabinet rank position is for two years.

Stocks to watch: Vedanta, Coal India, Hindustan Zinc, Eicher Motors, SBI

Indian Energy Exchange (IEX) has recorded an all-time high monthly trade of 9,538 million units (MU) in August which is 74 per cent higher compared to the same month last year.

SBI raises Rs 4,000 crore via AT1 bonds, coupon fixed at 7.72%

This was SBI's first such issuance at home after Sebi's new rules; bids in excess of Rs 10,000 crore were received against a base issue size of Rs 1,000 crore

India's GDP likely to grow at 18.5% in Q1FY22: SBI report

The country's gross domestic product (GDP) is expected to grow at around 18.5 per cent with an upward bias in the first quarter of the current financial year, according to SBI research report Ecowrap

SBI Card raises Rs 500 cr by issuing bonds on private placement basis

SBI Cards and Payment Services (SBI Card) has raised Rs 500 crore by issuing bonds on a private placement basis.

Moody's assigns 'Ba3' rating to HDFC Bank's AT1 dollar-denominated bonds

Country's largest lender State Bank of India has already raised capital through AT1 bonds from global markets

SBI MF launches open-ended dynamic asset allocation fund

The fund would manoeuvre across equity for long-term wealth creation and fixed income to provide stability to the overall scheme portfolio.

Yes Bank hits 52-week low in firm market, down 33% thus far in 2021

Analysts at Emkay Global Financial Services expect the bank's RoA trajectory to remain sub-par at 0.5-0.8 per cent over FY23-24E vs. management expectation of 1-1.5 per cent

Noida Airport's first phase funding sealed with Rs 3,725-cr loan from SBI

The Yamuna International Airport Pvt Ltd (YIAPL) has raised Rs 3,725 crore debt from State Bank of India for the development of the upcoming Noida International Airport, officials said on Tuesday

Analysts revise SBI target price post Q1, but Voda Idea overhang remains

SBI share price skidded 3 per cent to Rs 443 on the BSE in the intra-day trade today as analysts worry that Voda Idea's precarious position may hit the lender's asset quality going ahead

SBI logs its highest-ever quarterly profit at Rs 6,504 cr in Q1, up 55% YoY

Net interest income of the lender rose 3.74 per cent year-on-year to Rs 27,368 crore

Sensex up 546 pts, ends above 54K; Nifty tops 16,250; financial stocks gain

The broader market, however, saw profit booking as, both, the BSE Mid and SmallCap indices declined 1 per cent each.

SBI rebounds 5% from low post Q1 results; market-cap crosses Rs 4-trillion

The bank said slippages sttod at Rs 15,666 crore (2.47 per cent) in the June 2021 quarter, of which a significant amount has already been pulled back in July 2021

SBI reports highest-ever quarterly net profit of Rs 6,504 crore in Q1

Post result announcement, the stock of the lender rallied nearly 4 per cent and hit fresh record high of Rs 463.2 apiece on the BSE. Moreover, it's m-cap surpassed Rs 4.13 trillion-mark