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

SBI Q3 Results: India's largest public sector lender State Bank of India (SBI) on Saturday reported 24% y ...More

SBI Q3 Results: India's largest public sector lender State Bank of India (SBI) on Saturday reported 24% year-on-year (YoY) growth in its standalone net profit at Rs 21,028 crore in the third quarter. Net interest income for the same period increased 9% YoY to Rs 45,190 crore. ...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 Q3 Results 2025: The profit exceeded Street estimates of Rs 16,219 crore. The interest income in Q3FY ...More

SBI Q3 Results 2025: The profit exceeded Street estimates of Rs 16,219 crore. The interest income in Q3FY25 stood at Rs 1,17,427 crore, up 10% over Rs 1,06,734 crore reported in the corresponding quarter of the last financial year. ...Less

The profit was boosted by other income of Rs 1,755 crore the company generated on sale of 3.9 per cent st ...More

The profit was boosted by other income of Rs 1,755 crore the company generated on sale of 3.9 per cent stake in a subsidiary SBI Life Insurance Company. ...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 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 shares fell 2% due to high wage costs affecting earnings. Jefferies and Nomura maintain buy ratings o ...More

SBI shares fell 2% due to high wage costs affecting earnings. Jefferies and Nomura maintain buy ratings on SBI for strong loan growth. Kotak and Nuvama also recommend buying SBI stock. SBI reported a 35% decrease in net profit. SBI reported a standalone net profit of Rs 9,164 crore which was down by over 35% from 14,205.34 crore reported by the state lender in the year-ago period. ...Less

SBI Q3 Results: Net interest income (NII), the difference between interest earned and interest expended, ...More

SBI Q3 Results: Net interest income (NII), the difference between interest earned and interest expended, rose 24% on year to Rs 38,068.62 crore. This was largely on expected lines. ...Less

State Bank of India reported its highest-ever quarterly net profit, surging nearly 25% year-on-year to ₹2 ...More

State Bank of India reported its highest-ever quarterly net profit, surging nearly 25% year-on-year to ₹21,028 crore in the December quarter. This significant growth was boosted by one-time gains from SBI Mutual Fund dividends and foreign exchange benefits, alongside a 9% rise in net interest income. ...Less

ICICIDirect expects loan growth of 6.7 per cent YoY at Rs 26.1 lakh crore and deposits growth at 9 per ce ...More

ICICIDirect expects loan growth of 6.7 per cent YoY at Rs 26.1 lakh crore and deposits growth at 9 per cent YoY. It sees NII growing at 6.5 per cent YoY to Rs 30,600 crore. Non-interest income is seen improving sequentially to Rs 8,600 crore. ...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

Percentage of net NPAs stood at 2.65 per cent compared with 3.95 per cent last year. ...More

Percentage of net NPAs stood at 2.65 per cent compared with 3.95 per cent last year. ...Less

"We don't see much impact of the third wave on our books," said Dinesh Khara, chairman, SBI. ...More

"We don't see much impact of the third wave on our books," said Dinesh Khara, chairman, SBI. ...Less

The bank earned Rs 105,733.78 crore in interest income in the reported quarter which was up 22% from Rs 8 ...More

The bank earned Rs 105,733.78 crore in interest income in the reported quarter which was up 22% from Rs 86,616.04 crore reported by SBI in the year ago period. ...Less

Kotak Institutional Equities said SBI’s loan growth will be subdued at 6 per cent on a yearly basis. ...More

Kotak Institutional Equities said SBI’s loan growth will be subdued at 6 per cent on a yearly basis. ...Less

Chairman Dinesh Khara however reiterated the bank’s target of maintaining a return on equity (RoE) of 15% ...More

Chairman Dinesh Khara however reiterated the bank’s target of maintaining a return on equity (RoE) of 15% on a sustainable basis even as he maintained that the bank will continue to record loan growth of 14% to 16%. ...Less

Net interest income is likely to grow around 6% year-on-year (YoY) in the December quarter, according to ...More

Net interest income is likely to grow around 6% year-on-year (YoY) in the December quarter, according to an average estimate of five brokerages. Net profit for the same period is seen declining 12% YoY. ...Less

Provisions and contingencies declined sharply 68 per cent YoY to Rs 6,006.22 crore in Q3. ...More

Provisions and contingencies declined sharply 68 per cent YoY to Rs 6,006.22 crore in Q3. ...Less

The figure came in higher than Rs 8,200 crore profit estimated by analysts in an ET NOW poll. ...More

The figure came in higher than Rs 8,200 crore profit estimated by analysts in an ET NOW poll. ...Less

SBI on Friday reported a 68.5% YoY increase in net profit for the quarter ended December 2022 to Rs 14,20 ...More

SBI on Friday reported a 68.5% YoY increase in net profit for the quarter ended December 2022 to Rs 14,205.34 crore. >> For more such web stories click on the ET icon below ...Less

The profit at Rs 5,583.36 crore for the quarter was dented by two-fold jump in tax expenses. ...More

The profit at Rs 5,583.36 crore for the quarter was dented by two-fold jump in tax expenses. ...Less

Consolidated net interest income jumped 4.38% YoY to Rs 19,659.36 crore. However, the standalone NII adva ...More

Consolidated net interest income jumped 4.38% YoY to Rs 19,659.36 crore. However, the standalone NII advanced 7.7% YoY to Rs 14,751.54 crore. ...Less

SBI is expected to report a 10.3% YoY rise in Q3 net profit to Rs 3600 crore from Rs 3263.10 crore report ...More

SBI is expected to report a 10.3% YoY rise in Q3 net profit to Rs 3600 crore from Rs 3263.10 crore reported in the year-ago period. ...Less

The brokerage has a ‘Buy’ recommendation on the stock and will review the rating after detailed analysis. ...More

The brokerage has a ‘Buy’ recommendation on the stock and will review the rating after detailed analysis. ...Less

The state-owned lender's net profit is likely to zoom by a massive 60-70%, compared with the last-year pe ...More

The state-owned lender's net profit is likely to zoom by a massive 60-70%, compared with the last-year period, while net interest income (NII) too, is expected to grow in healthy double digits. ...Less

I am really quite positively surprised by the NPA numbers, says Siddharth Purohit ...More

I am really quite positively surprised by the NPA numbers, says Siddharth Purohit ...Less

"Once we have a sense of the valuation and the market positioning, we will unlock value from our general ...More

"Once we have a sense of the valuation and the market positioning, we will unlock value from our general insurance and mutual fund subsidiaries one by one." ...Less

The market feels that the worst may be over for SBI’s balance sheet, as the stock soared 15 per cent -- i ...More

The market feels that the worst may be over for SBI’s balance sheet, as the stock soared 15 per cent -- its highest intraday gain since March 2020 -- to a record high of Rs 408.35. ...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 lender’s net non-performing assets ratio in the quarter stood at 1.23 per cent as against 1.59 per ce ...More

The lender’s net non-performing assets ratio in the quarter stood at 1.23 per cent as against 1.59 per cent in the previous quarter. ...Less

REC Q3 Results: The company reported total revenue from operations of Rs 41,033.01 crore for the quarter ...More

REC Q3 Results: The company reported total revenue from operations of Rs 41,033.01 crore for the quarter ended December 31, 2024, marking a 17.81% YoY increase from Rs 34,827.57 crore. Additionally, its total income, including other income, rose to Rs 41,085.66 crore from Rs 34,864.57 crore in 2023, highlighting the company's continued financial growth and stability. ...Less

Unlike a year ago, SBI did not have to make a ₹7,100-crore provision for employee pension and wages, boos ...More

Unlike a year ago, SBI did not have to make a ₹7,100-crore provision for employee pension and wages, boosting profit growth at the country's most-valued government-owned company. ...Less

The profit figure came in way higher than Rs 2,000 crore estimated by analysts in an ET NOW poll. ...More

The profit figure came in way higher than Rs 2,000 crore estimated by analysts in an ET NOW poll. ...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

174 companies are announcing their third quarter earnings on Tuesday, including key players like SBI, ITC ...More

174 companies are announcing their third quarter earnings on Tuesday, including key players like SBI, ITC, Airtel, Britannia, Trent, and Hero MotoCorp. ITC is likely to see a slight revenue growth but a profit decline. Airtel's net profit may see a significant rise, boosted by Indus Towers consolidation. SBI expects steady growth driven by robust loan performance. ...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

"SBI’s core fundamentals continue to be on a strong footing and sustained solid earnings delivery should ...More

"SBI’s core fundamentals continue to be on a strong footing and sustained solid earnings delivery should drive incremental re-rating for the stock in our view. While SBI may need to raise equity capital over the next 12-24 months (CET1 at 9.26%), stake sale in subsidiaries (SBI Funds, SBI General Insurance) remains another option to augment capital and may delay the eventual dilution. ...Less

SBI is set to post steady Q3FY26 results with healthy loan growth and resilient net interest income, but ...More

SBI is set to post steady Q3FY26 results with healthy loan growth and resilient net interest income, but sequential profit may dip as margins compress, provisions rise and one-off gains are absent, keeping focus on asset quality and management commentary. ...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

SBI Q4 results: The bank posted an operating profit of Rs 31,286 crore in Q4FY25, marking an 8.83% increa ...More

SBI Q4 results: The bank posted an operating profit of Rs 31,286 crore in Q4FY25, marking an 8.83% increase over Rs 28,748 crore a year ago. However, the loan loss provisions surged 20.35% YoY to Rs 3,964 crore from Rs 3,294 crore in Q4FY24. ...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

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

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

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 shares climbed significantly on Monday. The bank reported its highest-ever quarterly ...More

State Bank of India shares climbed significantly on Monday. The bank reported its highest-ever quarterly profit in Q3FY26. This strong performance was driven by loan growth and stable margins. Net interest income rose, and operating profit saw a substantial jump. Asset quality improved with declining NPA ratios. Brokerage firm Nuvama Research raised its target price for SBI shares.State Bank of India shares surged after reporting a record Q3 profit of Rs 21,028 crore, driven by robust loan growth and stable margins. ...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

Provisions have declined substantially over last year and are at some Rs 2000 crore, says Nitin Kumar of ...More

Provisions have declined substantially over last year and are at some Rs 2000 crore, says Nitin Kumar of Quant Broking. ...Less

State-run SBI could report profit after tax (PAT) growth upwards of 80% on the back of comparatively bett ...More

State-run SBI could report profit after tax (PAT) growth upwards of 80% on the back of comparatively better deposit growth and lower wage costs, while HDFC Bank may report less than 7% rise in PAT amid muted loan and deposit growth across the banking sector. ...Less

State Bank of India has surpassed TCS to become the fourth-largest listed firm by market capitalisation a ...More

State Bank of India has surpassed TCS to become the fourth-largest listed firm by market capitalisation after a sharp rally driven by strong quarterly earnings. Robust profit growth, stable margins, improving asset quality and bullish brokerage views boosted investor sentiment. ...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

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