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SBI's improving performance warrants better valuation, chairman Setty says: Report
State Bank of India's chairman believes the bank is undervalued, citing improvements in financial strength, customer base, and earnings. He highlighted the success of the Yono digital platform, strengthened capital position, and the significant growth in value from its subsidiaries. SBI is also focusing on technology adoption, including AI, and sees opportunities in power, MSME, and retail lending, positioning itself for future growth despite evolving funding landscapes.
PSU banks see sharp jump in green deposits FY26; deploy funds for clean transport, renewable energy
Indian state-owned banks witnessed a significant rise in green deposits during FY26. This growth reflects growing depositor interest in sustainable finance. The Reserve Bank of India's Green Deposit Framework, introduced in 2023, has played a key role. Banks are channeling these funds into environmentally friendly projects like renewable energy and clean transportation.
Infosys, State Bank of India, Tata Motors PV, Cognizant, Belrise Industries And More On Brokerages' Radar
Brokerages' Radar
HDFC Bank Over SBI: Why Are Analysts Turning Bullish On Private Banks vs PSU Banks?
Shah also said State Bank of India remains his preferred PSU banking play because of its growth visibility and stronger positioning relative to peers.
INR rebounds under Rs 96/$ mark tracking positive cues from local equities
The Indian rupee rose for the second consecutive session on Friday to close at 95.73 (provisional) against the US dollar on softening of crude oil prices and supposed intervention by the Reserve Bank. Markets found some comfort after comments from US Secretary of State Marco Rubio hinted that diplomatic talks linked to the Iran situation were moving in a constructive direction. Moreover, positive domestic equities and a decline in US treasury yields also supported the rupee. Indian shares ended modestly higher on Friday, giving up some early gains amid renewed optimism about U.S.-Iran talks. The NIFTY 50 and BSE Sensex settled higher, with the Sensex up 231.99 points (0.31%) to end at 75,415.35 and the NIFTY adding 64.60 points (0.27%) to close at 23,719.30.
Banks casual in granting big loans, strict with small borrowers: SC
The Supreme Court has noted a troubling trend where banks like State Bank of India are casual in sanctioning large corporate loans. However, they impose difficult conditions on ordinary citizens seeking small personal loans. The court suggested the government frame policies for easier loan access for the less privileged.
Banks casual in granting big loans, strict with small borrowers: SC
The Supreme Court has noted a troubling trend where banks like State Bank of India are casual in sanctioning large corporate loans. However, they impose difficult conditions on ordinary citizens seeking small personal loans. The court suggested the government frame policies for easier loan access for the less privileged.
Vodafone Idea draws up ₹1 trillion cash strategy amid dues, capex push
Vodafone Idea's plan comes as analysts raise concerns about the company’s future payment obligations to clear spectrum dues, and the company is confident it can raise funds from a State Bank of India-led consortium.
SBI, Groww among 10 companies which saw the highest increase in FII holdings in value terms in Q4
FII holdings rose sharply in key large-cap names such as State Bank of India, Power Grid Corporation of India, NTPC, and others in Q4 despite overall foreign outflows.
CMS Info Systems bags Rs 400 crore HDFC Bank ATM management mandate
CMS Info Systems has won a significant Rs 400 crore contract with HDFC Bank. The deal spans five years and involves managing 6,000 ATMs. CMS will offer complete ATM services, including cash management and AI-driven optimization. This partnership follows CMS's previous work with ICICI Bank and State Bank of India.
Top gainers and losers, May 8: Titan up 4.8%, Apollo Hospitals surges 3.4%; State Bank India down 6.7% - Upstox
Top gainers and losers, May 8: Titan up 4.8%, Apollo Hospitals surges 3.4%; State Bank India down 6.7%Upstox
RBI move may push govt NBFCs into Upper-Layer NBFC category
The Reserve Bank of India is proposing new rules for classifying large financial companies. State-owned firms like Power Finance Corp and REC may now be considered Upper-Layer NBFCs. This change aims for clearer regulations based on asset size. The RBI's proposal could bring more entities under stricter oversight.