Public Sector Banks have achieved a record net profit of Rs 1.98 lakh crore in FY 2025-26, marking their ...More

Public Sector Banks have achieved a record net profit of Rs 1.98 lakh crore in FY 2025-26, marking their fourth consecutive year of strong financial performance. Improved asset quality, robust credit growth, and increased income fueled this historic achievement. Banks are now well-capitalized and poised to support India's economic expansion. ...Less

State Bank of India's board will consider a fundraising plan of up to $2 billion on May 12. The bank will ...More

State Bank of India's board will consider a fundraising plan of up to $2 billion on May 12. The bank will also release its Q4 results today, with analysts expecting muted profit growth due to treasury losses, despite stable loan growth and margins. SBI shares have seen significant gains over the past year. ...Less

Titan Q4 Results: Titan Company reported a robust 35% growth in net profit for Q4FY26, reaching Rs 1,179 ...More

Titan Q4 Results: Titan Company reported a robust 35% growth in net profit for Q4FY26, reaching Rs 1,179 crore, driven by a strong performance in its jewellery segment. The company's total income surged by 46% to Rs 20,300 crore. Titan's Board also recommended a dividend of Rs 15 per equity share. ...Less

SBI Q1 Results: The public sector lender reported PAT at Rs 16,884.29 crore in the year-ago period. The S ...More

SBI Q1 Results: The public sector lender reported PAT at Rs 16,884.29 crore in the year-ago period. The Street had estimated PAT at around Rs 16,786 crore. During the reported quarter, the interest earned amounted to Rs 1,11,526 crore, marking a 16% increase compared to the Rs 95,975 crore reported by the lender in the same quarter of the previous financial year. The bank's interest expenditure for the April-June quarter was Rs 70,401 crore, up from Rs 57,041 crore, representing a 23% year-over-year increase. ...Less

SBI's net interest income (NII) in Q1FY24 rose 24.7% YoY to Rs 38,905 crore during the quarter. Its gross ...More

SBI's net interest income (NII) in Q1FY24 rose 24.7% YoY to Rs 38,905 crore during the quarter. Its gross NPA reduced to 2.76% vs 2.78% quarter-on-quarter (QoQ) and 3.9% YoY. ...Less

SBI Q1 Results: SBI reported 6% YoY growth in interest income to Rs 1,17,996 crore for Q1FY26, while inte ...More

SBI Q1 Results: SBI reported 6% YoY growth in interest income to Rs 1,17,996 crore for Q1FY26, while interest expenses rose 9% to Rs 76,923 crore. Profit growth was attributed to operating efficiency and controlled expenses. Despite weak market sentiment, shares recovered from day’s low post-results, trading over 1% lower on NSE after the announcement during market hours. ...Less

The year-on-year fall in provisions by nearly 20 per cent also helped the lender post a 55 per cent year- ...More

The year-on-year fall in provisions by nearly 20 per cent also helped the lender post a 55 per cent year-on-year rise in net profit to Rs 6,504 crore. ...Less

Loan loss provisions increased 70% year on year to ₹4,518 crore from ₹2,652 crore in the year earlier, sq ...More

Loan loss provisions increased 70% year on year to ₹4,518 crore from ₹2,652 crore in the year earlier, squeezing net profit despite loan growth remaining strong. Chairman Dinesh Khara said the provisions were mostly related to legacy standard assets and the asset-quality outlook for the bank remained unchanged."We don't have any challenges in asset quality," Khara said. ...Less

The bank made a loss of Rs 1,048 crore in the form of depreciation in investment, and a Rs 300-crore loss ...More

The bank made a loss of Rs 1,048 crore in the form of depreciation in investment, and a Rs 300-crore loss on equity investments. ...Less

SBI on Friday reported third straight quarterly loss for the June quarter at Rs 4,876 crore. ...More

SBI on Friday reported third straight quarterly loss for the June quarter at Rs 4,876 crore. ...Less

Gross NPAs stood at 7.53 per cent compared with 10.69 per cent in the same quarter a year ago. ...More

Gross NPAs stood at 7.53 per cent compared with 10.69 per cent in the same quarter a year ago. ...Less

Net non-performing assets for the quarter came in at 5.97 per cent for the quarter. ...More

Net non-performing assets for the quarter came in at 5.97 per cent for the quarter. ...Less

Edelweiss Securities sees 11.60 per cent year-on-year increase in net profit in Q1FY18. ...More

Edelweiss Securities sees 11.60 per cent year-on-year increase in net profit in Q1FY18. ...Less

Bank credit at Rs 79 lakh crore is 11 times more than bond sales, showing that a shift needs to happen to ...More

Bank credit at Rs 79 lakh crore is 11 times more than bond sales, showing that a shift needs to happen to prevent asset-liability mismatches in balance sheets. ...Less

Net interest income (NII) for the quarter rose 12.87 per cent YoY to Rs 31,196 crore compared with Rs 27, ...More

Net interest income (NII) for the quarter rose 12.87 per cent YoY to Rs 31,196 crore compared with Rs 27,638 crore in the corresponding quarter last year. ET NOW poll estimated NII figure at Rs 32,500 crore. ...Less

Net interest income (NII) for the quarter came in at Rs 22,938 crore. ...More

Net interest income (NII) for the quarter came in at Rs 22,938 crore. ...Less

Global broking firm Morgan Stanley believes that slippages should stay elevated at Rs 15,000 crore. ...More

Global broking firm Morgan Stanley believes that slippages should stay elevated at Rs 15,000 crore. ...Less

Kotak Institutional Equities sees net loss at Rs 3,025.30 crore for SBI in Q1 FY19. ...More

Kotak Institutional Equities sees net loss at Rs 3,025.30 crore for SBI in Q1 FY19. ...Less

The largest state-run lender had reported Rs 7718.17 crore loss in March quarter. ...More

The largest state-run lender had reported Rs 7718.17 crore loss in March quarter. ...Less

Net profit more than doubled year-on-year to a high of ₹16,884 crore in the quarter ended June 2023, beat ...More

Net profit more than doubled year-on-year to a high of ₹16,884 crore in the quarter ended June 2023, beating Bloomberg's ₹14,949-crore estimate. The bank had turned in a net profit of ₹6,068 crore in the corresponding period last year. ...Less

SBI’s Q1 FY26 results are expected to show moderate bottom-line growth amid contracting NIMs, higher prov ...More

SBI’s Q1 FY26 results are expected to show moderate bottom-line growth amid contracting NIMs, higher provisions, and tepid loan growth. Analysts flag margin trends, credit costs, and asset quality as key metrics to track. PAT is estimated between Rs 16,530–19,576 crore. ...Less

“After reaching 1.22%, we would like to see ROA remaining sustainable. With ROE at 25%, hopefully we shou ...More

“After reaching 1.22%, we would like to see ROA remaining sustainable. With ROE at 25%, hopefully we should be in a position to keep it around this level. Also, we have got very well-oiled machinery on ground to take care of any stress book.” ...Less

‘The moratorium, which has been a niggling issue in the minds of investors, is turning out to be better t ...More

‘The moratorium, which has been a niggling issue in the minds of investors, is turning out to be better than expected.’ ...Less

"In home loan, SBI has already overtaken HDFC and now runs more than over Rs 6 lakh crore loan books. I a ...More

"In home loan, SBI has already overtaken HDFC and now runs more than over Rs 6 lakh crore loan books. I am not really too concerned. The softness on loan growth and maybe on the NII the market wanted a little better. We would wait for a day or two. But otherwise, it looks okay to me." ...Less

SBI Share Price: State Bank of India's shares plunged 3% after it reported a standalone net profit of Rs ...More

SBI Share Price: State Bank of India's shares plunged 3% after it reported a standalone net profit of Rs 17,035 crore for the June quarter, marginally up from the previous year. Despite this, brokerages like Nomura, Jefferies, and Nuvama maintained their buy ratings, forecasting target prices between Rs 900 and Rs 1,030 amid stable asset quality and loan growth. ...Less

Long-term investors can consider buying the stock now or on dips for a possible target of over Rs 600-650 ...More

Long-term investors can consider buying the stock now or on dips for a possible target of over Rs 600-650 in the next 12 months which translates into an upside of over 13-22 per cent from Rs 530 recorded on 5 August, suggested experts. ...Less

Nearly 50 companies, including Archean Chemical Industries, Affle, Balu Forge, Clean Science and Technolo ...More

Nearly 50 companies, including Archean Chemical Industries, Affle, Balu Forge, Clean Science and Technology, Gujarat Alkalies & Chemicals, and Krishna Institute of Medical Sciences (KIMS), will announce their December quarter earnings. The market is particularly interested in the results of PSU lender State Bank of India (SBI). ...Less

Foreign brokerage Jefferies noted that asset quality is holding up for the PSU bank while Kotak Instituti ...More

Foreign brokerage Jefferies noted that asset quality is holding up for the PSU bank while Kotak Institutional Equities sees a limited downside and called SBI its top pick in the space. Nuvama maintained its buy on strong asset quality though it put NIMs and loan growth as key monitarables for the counter. ...Less

As far as asset quality is concerned, SBI's gross NPA number has improved by just two basis points, while ...More

As far as asset quality is concerned, SBI's gross NPA number has improved by just two basis points, while the net NPA has worsened by four basis points. So, I do not attach much importance to this kind of number given the backdrop that the bank is now growing quite strongly in terms of advance growth. ...Less

As of now, some succor is available on margins from a pick-up in sentiments and therefore disbursement ve ...More

As of now, some succor is available on margins from a pick-up in sentiments and therefore disbursement velocity in the relatively high-yield NBFC adjacent risk-on loan segments like CV/CE, micro-SME, rural, etc. These are inherently higher-yield segments and should provide incremental support to loan yields, in our view. ...Less

State Bank of India (SBI) surpassed D-Street expectations with a 12% increase in its June-quarter net pro ...More

State Bank of India (SBI) surpassed D-Street expectations with a 12% increase in its June-quarter net profit, reaching ₹19,160 crore. This growth was primarily driven by higher treasury income and expansion in retail loans. The bank benefited from gains on government securities sales due to policy rate cuts and increased foreign exchange trading income. ...Less

SBI Chairman Dinesh Kumar Khara highlighted the bank's balance of stakeholder interests and profitability ...More

SBI Chairman Dinesh Kumar Khara highlighted the bank's balance of stakeholder interests and profitability. He expressed satisfaction with their current growth and future goals, including a profit target of one trillion after tax. Khara addressed the rise in loan loss provisions and emphasized continued focus on corporate credit growth and loan book expansion. ...Less

SBI is seen reporting a loan growth of 8.1 per cent YoY to Rs 24,80,546.20 crore and deposit growth of 8. ...More

SBI is seen reporting a loan growth of 8.1 per cent YoY to Rs 24,80,546.20 crore and deposit growth of 8.6 per cent at Rs 37,69,359.80 crore. Credit cost is seen at 1.4 per cent. ...Less

The profit came in much higher than a Rs 4,000 crore estimate that analysts had made in an ETNow poll. ...More

The profit came in much higher than a Rs 4,000 crore estimate that analysts had made in an ETNow poll. ...Less

Prabhudas Lilladher said that SBI may report a net profit of Rs 2,937.80 cr in Q1FY20. ...More

Prabhudas Lilladher said that SBI may report a net profit of Rs 2,937.80 cr in Q1FY20. ...Less

Indian equities experienced volatile trading before closing flat on expiry day. Several companies are in ...More

Indian equities experienced volatile trading before closing flat on expiry day. Several companies are in focus due to Q1 results: LIC reported a 5% profit increase, while BSE saw a 103% surge. Titan's profit grew by 34%, and Kalyan Jewellers by 49%. HPCL's profit jumped significantly by 1,128%. ...Less

ICICI Securities said SBI's moratorium of 23 per cent may decline in line with peers, led by retail and S ...More

ICICI Securities said SBI's moratorium of 23 per cent may decline in line with peers, led by retail and SME segments. It sees the state-run bank reporting a 7.5 per cent growth in loan book at Rs 21,98,400 crore. ...Less

Garden Reach Shipbuilders & Engineers (GRSE) reported a strong first quarter for FY26, with a 37.8% YoY i ...More

Garden Reach Shipbuilders & Engineers (GRSE) reported a strong first quarter for FY26, with a 37.8% YoY increase in profit after tax, reaching Rs 120.17 crore. Revenue from operations also saw a significant rise of 29.7% YoY, totaling Rs 1,309.87 crore. The company's earnings per share improved to Rs 10.49, reflecting overall positive financial performance. ...Less

Info Edge (India) reported a 27% year-on-year increase in consolidated net profit for the June quarter, r ...More

Info Edge (India) reported a 27% year-on-year increase in consolidated net profit for the June quarter, reaching Rs 296 crore. Revenue also saw a 17% rise to Rs 791 crore. Standalone billings grew by 11.2%, with recruitment business increasing by 9.0% and non-recruitment portfolio growing by 17.6%. However, the recruitment segment faced headwinds and a sectoral slowdown. ...Less

FPIs purchased a significant amount of domestic shares in July 2024, amounting to Rs 32,365 crore. This b ...More

FPIs purchased a significant amount of domestic shares in July 2024, amounting to Rs 32,365 crore. This buying trend continued from June, where they also invested heavily. However, there was a period of net selling in April and May, where they offloaded shares. The year began with a negative trend in January, but February and March saw them return as net buyers, making significant investments in the market. ...Less

PG Electroplast shares fell 23% after Q1 net profit dropped 20% YoY and 54% QoQ to ₹67 crore. Despite 14% ...More

PG Electroplast shares fell 23% after Q1 net profit dropped 20% YoY and 54% QoQ to ₹67 crore. Despite 14% YoY revenue growth, early monsoon hit seasonal AC sales. Management stays optimistic on long-term outlook. ...Less

State Bank of India, India's largest public sector bank, is expected to report a slight decrease in profi ...More

State Bank of India, India's largest public sector bank, is expected to report a slight decrease in profits for the first quarter of 2024 due to increased provisions, despite a projected 10% growth in net interest income. ...Less

CDSL reported a 22% YoY decline in PAT to Rs 100.39 crore for Q3FY25, with revenue from operations dippin ...More

CDSL reported a 22% YoY decline in PAT to Rs 100.39 crore for Q3FY25, with revenue from operations dipping 6.7% YoY to Rs 224.45 crore. The board has recommended a final dividend of Rs 12.50 per share. While depository activity revenue saw a slight decrease, data entry and storage revenue experienced a sharp decline. ...Less

Provisions and contingencies dipped 19.6 per cent on-year to Rs 10,051.96 crore in the reported quarter, ...More

Provisions and contingencies dipped 19.6 per cent on-year to Rs 10,051.96 crore in the reported quarter, while other income soared 48.5 per cent to Rs 11,802.7 crore. ...Less

SBI shares: SBI reported a quarterly profit of ₹19,160 crore, an increase from ₹17,035 crore in the same ...More

SBI shares: SBI reported a quarterly profit of ₹19,160 crore, an increase from ₹17,035 crore in the same period last year, beating market expectations of ₹17,095 crore. The bank's interest income grew by 6% year-on-year, reaching ₹1,17,996 crore, up from ₹1,11,526 crore. ...Less

State Bank of India rose as much as 9.1% in the afternoon trade on Friday after the largest public sector ...More

State Bank of India rose as much as 9.1% in the afternoon trade on Friday after the largest public sector bank reported results for the quarter ended June 30. ...Less

Sensex rallies 292 pts while Nifty50 surges above its crucial level of 8,650 supported by gains in realty ...More

Sensex rallies 292 pts while Nifty50 surges above its crucial level of 8,650 supported by gains in realty, power, oil & gas, capital goods, and banking stks. ...Less

Over 150 companies, including major players like SBI, LIC, Tata Motors, and Vedanta, are set to release t ...More

Over 150 companies, including major players like SBI, LIC, Tata Motors, and Vedanta, are set to release their July-September 2024 quarter results today. SBI is predicted to show single-digit growth in net interest income, while Tata Motors is expected to see a 30% rise in net profit despite muted revenue growth. ...Less

Foreign Institutional Investors (FIIs) have shifted from being net sellers to net buyers in Indian equiti ...More

Foreign Institutional Investors (FIIs) have shifted from being net sellers to net buyers in Indian equities, purchasing ₹40,145 crores in the last 12 trading days. This reversal is attributed to President Trump's tariff pause and a weakening US dollar, which boosted emerging markets like India. However, modest earnings growth of around 5% in FY25 may constrain future FII inflows. ...Less

Q4 results today: On Thursday, State Bank of India (SBI), the foremost public sector lender in India, wil ...More

Q4 results today: On Thursday, State Bank of India (SBI), the foremost public sector lender in India, will be among the 69 companies set to unveil their financial results for the quarter ending March 2024. Investors will also keep a close eye on companies like Asian Paints, BPCL, and Indian Overseas Bank as they announce their results. ...Less

SBI has guided for a shortfall of Rs 10,000 crore towards the new wage agreement, which will be spread ov ...More

SBI has guided for a shortfall of Rs 10,000 crore towards the new wage agreement, which will be spread over two quarters of H2FY24. In the second quarter, SBI had a one-off wage provision of Rs 3400 crore. ...Less

SBI Chairman Dinesh Kumar Khara retires, leaving behind a goal of Rs 1 trillion annual profit for his suc ...More

SBI Chairman Dinesh Kumar Khara retires, leaving behind a goal of Rs 1 trillion annual profit for his successor. During his tenure, SBI's profit rose significantly, deposits grew, and non-performing assets decreased. Khara, who took over during the Covid crisis, leaves a legacy of remarkable financial growth and stock performance. ...Less

State Bank of India (SBI) is expected to report high single-digit growth in net interest income (NII) for ...More

State Bank of India (SBI) is expected to report high single-digit growth in net interest income (NII) for Q3 FY25, driven by strong loan growth. Estimated topline is between Rs 42,290 crore and Rs 42,845 crore, with net profit potentially rising 61%-89%. Provisions may increase YoY, while NIMs could dip. Earnings will be announced on February 6, 2025. ...Less

SBI, which is expected to complete the process by March 2017, is expected to bear Rs 3,500 crore on accou ...More

SBI, which is expected to complete the process by March 2017, is expected to bear Rs 3,500 crore on account of harmonisation of employee pension plans. ...Less