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STATE BANK OF INDIA PROFIT
SBI to sell 1.42% stake in SBI Funds in pre-IPO dealState Bank of India is selling a stake in its asset management unit. This pre-IPO placement provides an early valuation benchmark for the c...
SBI Funds Management sets IPO price band at Rs 545–574 for Rs 11,693 crore public offerThe anchor book will open on Monday, July 13. The IPO will open for subscription on Tuesday, July 14, and close on Thursday, July 16.
DBS Bank India profit jumps 49% on lower costs, better asset qualityDBS Bank India reported a significant 49% net profit increase. Advances grew fifteen percent while expenses and provisions saw a decrease. ...
SBI Funds Management IPO: What portion is reserved for SBI's 38 lakh shareholders?SBI Funds Management's Rs 11,693-crore IPO has earmarked up to 1.3 crore shares worth nearly Rs 750 crore for eligible SBI shareholders. Th...
This sector is set to dominate Q1 earnings for all the wrong reasonsOil marketing companies are set to dominate Q1 earnings but for the wrong reasons, with HPCL, BPCL and IOCL expected to post massive losses...
SBI’s 15-paise bet: How India's largest bank is turning a tiny cost into mindboggling 382,567% profitSBI and Amundi India Holding are set to earn combined profits of about Rs 11,658 crore from the Rs 11,693 crore IPO of SBI Funds Management...
State Bank of India draws over $1.5 billion in forex depositsState Bank of India has raised over $1.5 billion from overseas citizens. This program offers attractive returns due to Reserve Bank of Indi...
Private banks may lead PSU peers in Q1 PAT show amid macro pressuresPrivate banks are expected to show stronger profit growth than public sector banks this quarter. Analysts predict private lenders' profits ...
FCNR-B flows taper as higher costs trip math for double-digit returnsIndian banks are experiencing a slowdown in special foreign currency deposit collection. Rising overseas borrowing costs are impacting bank...
Suits & Sayings: Silence PaysET’s roundup of the wackiest whispers in corporate corridors
India weighs hybrid annuity model for East-West freight corridorThe East-West Dedicated Freight Corridor may use a Hybrid Annuity Model for development. This financing framework was discussed at a confer...
Airtel to Trent: 44 cos likely to report double-digit profit slump in Q1. Are your stocks on the list?Motilal Oswal expects 44 companies, including Bharti Airtel, Trent, IndiGo, HAL, GAIL and Cipla, to report double-digit year-on-year profit...
Nifty Bank rises 400 points as HDFC Bank, IndusInd, other stocks jump up to 3% after Q1 updatesThe Nifty Bank index rose over 400 points on Monday as gains in HDFC Bank, IndusInd Bank and ICICI Bank outweighed a sharp decline in Kotak...
Is enforcement of banking regulations ownership neutral?Bank of Baroda settled a $600 million dispute with NMC Healthcare administrators, ending a protracted legal battle. This significant payout...
SBI to recruit 1,500 probationary officers this yearState Bank of India is set to recruit 1,500 probationary officers this year to fuel business expansion, with applications closing on July 8...
SBI boosts AI-powered banking with new digital journeys for retail, corporate customersThe announcements span SBI's YONO platform, introducing new customer journeys, AI-driven capabilities and industry-first features that simp...
Ram temple donation row: Ayodhya lawyers boycott accused; demand for CBI probe; SC refuses urgent hearingSeparately, a plea seeking a time-bound investigation by a CBI-led multi-disciplinary team came before the Supreme Court, but the vacation ...