State Bank Of India News - Latest Updates & Headlines
RBI's revised priority sector lending norms to benefit banks: Experts
New Delhi, March 25: The Reserve Bank of India's (RBI) decision to revise priority sector lending (PSL) norms will benefit banks with a significant housing loan portfolio, while also intensifying competition in the renewable energy sector, experts said on Tuesday.
SBI reports 84% jump in net profit for Q3FY25, strong credit growth and improved asset quality
New Delhi, February 6: The State Bank of India (SBI) has reported a significant 84.32 per cent year-on-year (YoY) growth in net profit, reaching Rs16,891 crore in Q3FY25. This strong performance was driven by higher operating profit and improved asset quality.
SBI posts robust 84 pc surge in net profit at Rs 16,891 crore in Q3
Mumbai, Feb 6: India's largest public sector lender, the State Bank of India (SBI) on Thursday reported an impressive 84.32 per cent surge in net profit (year-on-year) at Rs 16,891 crore for the October-December quarter (Q3 FY25), from Rs 9,164 crore in the year-ago period.
Govt market borrowings for FY26 are well placed, but alternative funding options should be explored: SBI Report
New Delhi, February 5: The government's market borrowing plans for the financial year 2025-26 (FY26) appear well-placed to support fiscal policy while complementing monetary policy, according to a report by the State Bank of India (SBI).
RBI may use CRR as a regulatory intervention tool rather than liquidity management tool: SBI Report
New Delhi, February 4: The Reserve Bank of India (RBI) may start using the Cash Reserve Ratio (CRR) more as a regulatory intervention tool rather than just a liquidity management tool in the future, according to a report by the State Bank of India (SBI).
Despite high tax transfers in Union budget, states face fiscal challenges: Report
New Delhi, February 2: Despite good tax transfer from the Centre to the states, the financial health of the states is struggling highlights a report by State bank of India.
Indian banks facing margin pressure amid high interese and declining loan growth: S&P Global
New Delhi, January 29: Indian banks are facing margin pressure as loan growth slows amid high interest rates, according to a report by S&P Global Market Intelligence.
Budget 2025: SBI says govt may introduce new funding methods for infrastructure, disaster pool, sectoral PLIs
New Delhi, January 27: The Union government, in its upcoming Budget 2025, may announce innovative measures to boost infrastructure, agriculture, MSMEs, and other critical sectors, according to a report by the State Bank of India.
Investment announcements in India reach Rs 32.01 lakh crore in 9 months this fiscal
New Delhi, Jan 26: The total investment announcements stood at Rs 32.01 lakh crore in the nine months this fiscal (FY25), marking a 39 per cent increase from Rs 23 lakh crore in the same period last fiscal, reflecting a positive investment outlook, the government said on Sunday, citing a recent report by the State Bank of India (SBI).
India records 39 per cent surge in investments to Rs 32 lakh crore in 9 months of FY 25
New Delhi, Jan 24: India has recorded a robust 39 per cent surge to Rs 32 lakh crore in domestic investments announced by public and private sector companies during the first nine months (April-Dec) of the current financial year (FY25), compared to the corresponding figure of Rs 23 lakh crore for the same period of the previous financial year, according to data compiled by the State Bank of India (SBI).
Domestic investment announcements cross Rs 37 Lakh Crore in last two years: SBI Report
New Delhi, January 23: Domestic investment announcements in India have seen a remarkable surge, crossing Rs 37 lakh crore in the last two fiscal years (FY23 and FY24), according to a report by the State Bank of India (SBI).
Investments by Indian firms surge 39 pc to Rs 32 lakh crore in April-Dec 2024: SBI report
Mumbai, Jan 23: Indian companies have announced investments of over Rs 32 lakh crore during the first nine months (April-December) of the current financial year, which represents a 39 per cent jump compared to the corresponding figure of Rs 23 lakh crore for the same period of the previous financial year, according to a State Bank of India (SBI) report.
RBI steps to boost liquidity in banking system are smart, pragmatic: SBI
Mumbai, Jan 20: More changes in the RBI Liquidity Management Framework are likely after the daily dynamic VRR has been taken as the first step to manage liquidity in the banking system, according to an SBI research report.
RBI may revise liquidity management framework, introduce longer-term buy-sell swaps: SBI
Mumbai, January 20: The Reserve Bank of India (RBI) is likely to announce significant changes to its Liquidity Management Framework (LMF), according to a report by the State Bank of India (SBI).
Assam CM Himanta Biswa Sarma approves Rs 2,000 crore for various schemes
Guwahati, January 17: Assam Chief Minister Himanta Biswa Sarma approved Rs 2,000 crore allocation for the implementation of various schemes on Thursday.
Trump's impact on Indian Rupee likely to be short-lived: SBI Report
New Delhi, January 14: The "Trump Tantrum," referring to the impact of Donald Trump's presidency on the Indian rupee, is likely to be a short-term phenomenon, says a report by State Bank of India (SBI).
Banks hike interest rates on FDs amid fierce competition for deposits
Mumbai, Jan 14: Banks have started offering higher returns on FDs amid fierce competition to raise more deposits. While leading banks such as SBI and HDFC were the first to raise interest rates on FDs, smaller banks such as IDBI have followed suit for fear of getting left behind in the race.
India's per capita nominal GDP to increase by Rs 35k in FY25 despite slower overall growth: SBI
New Delhi, January 8: Despite a slowdown in real GDP growth and stagnant nominal GDP growth, per capita nominal GDP is expected to rise significantly in FY25, according to a report by the State Bank of India (SBI).
SBI downgrades India's GDP growth forecast to 6.3% for FY25 after NSO estimate of 6.4%
Mumbai, January 8: The State Bank of India (SBI) has revised its forecast for India's GDP growth in FY25 to 6.3 per cent, slightly lower than the National Statistical Office's (NSO) estimate of 6.4 per cent.