Sharekhan

State Bank of India

Tue 6/05/2025,15:59:49 | NSE : SBIN

₹ 774.10-15.90 (-2.01%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 793.95

Previous Close

₹ 790.00

Volume

18869468

Mkt Cap ( Rs. Cr)

₹690854.84

High

₹ 799.15

Low

₹ 771.10

52 Week High

₹ 912.00

52 Week Low

₹ 680.00

Book Value Per Share

₹ 538.75

Dividend Yield

0.00

Face Value

₹ 1.00

What’s Your Call?

Collective community sentiment on State Bank of India

Your Vote -

Buy

66.01%

Hold

19.50%

Sell

14.49%

66.01%

284349 users have voted

Market Depth

How many stocks are available to buy or sell and at what prices.

Buy Order Quantity

0%

Sell Order Quantity

100%

Bid Price

Qty

0.00

0

0.00

0

0.00

0

0.00

0

0.00

0

Bid Total

0

Bid Price

Qty

774.10

3938

0.00

0

0.00

0

0.00

0

0.00

0

Bid Total

3938

Option Chain

Analyzes market sentiment, predicts State Bank of India' movement.

Call Price Open interest Strike Price Put Price Open interest

News

Media spotlight triggers state bank of india stock attention, sentiment.

  • State Bank plunges over 2% after Q4 earnings

    5 May 2025, 12:11PM Shares of State Bank of India fell over 2% on Monday following the release of its January-March quarter results, which showed an 8.34% drop in consoli
  • SBI - Book Closure For Dividend

    3 May 2025, 8:05PM Book Closure for dividend
  • SBI - Record Date For Dividend

    3 May 2025, 8:03PM Record date for dividend
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    3 May 2025, 8:01PM Audio Recording of Post Earnings Investor / Analyst Meeting
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    3 May 2025, 7:58PM SBIN: State Bank of India has informed the Exchange about Audio Recording of Post Earnings Investor / Analyst Meeting
  • SBI - Audited Financial Results For The Quarter And Year Ended 31.03.2025

    3 May 2025, 6:48PM Audited Financial Results for the quarter and year ended 31.03.2025
  • SBI - Integrated Filing (Financial)

    3 May 2025, 6:47PM Financial Results
  • SBI - Outcome of Board Meeting-XBRL

    3 May 2025, 4:39PM State Bank of India has informed the Exchange regarding Outcome of Board Meeting held on 03-May-2025 for Dividend
  • SBI - Compliances-Reg. 52 (7) - Statement of Material Deviations in proceeds of issue of NCD / NCRP

    3 May 2025, 4:22PM Statement under Regulation 52(7)/52(7A)
  • SBI - Statement of deviation(s) or variation(s) under Reg. 32

    3 May 2025, 4:20PM State Bank Of India has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
  • SBI - Compliances - Statement Of Deviation / Variation

    3 May 2025, 4:18PM Statement of deviation / variation in utilisation of funds
  • SBI Q4 net profit down 9.93% at Rs 18642.59 cr

    3 May 2025, 4:00PM The bank reported standalone net profit of Rs 18,642.59 crore for the quarter ended March 31, 2025 as compared to Rs 20698.35 crore in the same period
  • SBI - Corporate Action-Board to consider Dividend

    3 May 2025, 3:57PM Record date for dividend
  • SBI - Record Date

    3 May 2025, 3:55PM State Bank Of India has informed the Exchange that Record date for the purpose of Dividend is 16-May-2025.
  • SBI - Compliances-Reg. 54 - Asset Cover details

    3 May 2025, 3:00PM Asset Cover details as on 31.03.2025
  • SBI - Outcome of Board Meeting

    3 May 2025, 2:45PM State Bank Of India has informed the Exchange regarding Outcome of Board Meeting held on May 03, 2025 fund raising.
  • SBI - Dividend

    3 May 2025, 2:45PM State Bank Of India has informed the Exchange that Board of Directors at its meeting held on May 03, 2025, recommended Final Dividend of Rs. 15.90 per
  • SBI - Investor Presentation

    3 May 2025, 2:36PM State Bank Of India has informed the Exchange about Investor Presentation
  • SBI - Announcement under Regulation 30 (LODR)-Investor Presentation

    3 May 2025, 2:35PM Analyst presentation Q4-FY25
  • SBI - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    3 May 2025, 2:31PM Press Release on Q4FY25 Results
  • SBI - Press Release

    3 May 2025, 2:29PM State Bank Of India has informed the Exchange regarding a press release dated May 03, 2025, titled ""Press Release "".
  • SBI - Outcome of Board Meeting

    3 May 2025, 2:24PM State Bank Of India has informed the Exchange regarding Outcome of Board Meeting held on May 03, 2025 regarding Financial Results, Dividend and fund r
  • SBI - Board Meeting Outcome for Audited Financial Results For The Quarter And Year Ended 31.03.2025

    3 May 2025, 2:18PM Audited Financial Results for the quarter and year ended 31.03.2025
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    3 May 2025, 10:53AM Update on timing of analyst / investor meet
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    3 May 2025, 10:51AM SBIN: State Bank of India has informed the Exchange about update on timing of analyst meet
  • SBI - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    30 Apr 2025, 5:12PM STATE BANK OF INDIA has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • SBI - Change in Management

    30 Apr 2025, 5:03PM State Bank Of India has informed the Exchange about change in senior Management
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    30 Apr 2025, 3:05PM State Bank Of India has informed the Exchange about
  • SBI - Announcement under Regulation 30 (LODR)-Change in Management

    30 Apr 2025, 5:07PM Disclosure regarding change in Senior management of the Bank
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    30 Apr 2025, 3:12PM Details of the Analyst / investors meet
  • SBI - Updates

    29 Apr 2025, 7:57PM State Bank Of India has informed the Exchange regarding Gazette and newspaper publication ''.
  • SBI - Board Meeting Intimation

    29 Apr 2025, 7:35PM STATE BANK OF INDIA has informed the Exchange about Board Meeting to be held on 03-May-2025 to consider and approve the Yearly Audited Financial resul
  • SBI - Gazette And Newspaper Publication

    29 Apr 2025, 7:28PM General meeting updates-Gazette and newspaper publication
  • SBI - Update on board meeting

    29 Apr 2025, 4:10PM State Bank Of Indiahas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/05/2025 ,inter alia, to consider and
  • SBI - Corrigendum

    25 Apr 2025, 8:26PM State Bank of India has informed the Exchange regarding Corrigendum to Notice of General Meeting to be held on May 09, 2025
  • SBI - Corrigendum To The Notice Of General Meeting Of Shareholders Of State Bank Of India

    25 Apr 2025, 8:25PM Corrigendum to the Notice of General Meeting of Shareholders dated 09.05.2025.
  • SBI - Credit Rating

    25 Apr 2025, 3:09PM State Bank Of India has informed the Exchange about Credit Rating
  • SBI - Announcement under Regulation 30 (LODR)-Credit Rating

    25 Apr 2025, 3:01PM Affirmation of credit rating by S&P Global Ratings
  • SBI - Initial Disclosure In Respect Of Large Corporate Entities

    24 Apr 2025, 6:07PM Initial disclosure in respect of large Corporate Entities
  • SBI - Board Meeting Intimation

    24 Apr 2025, 11:14AM STATE BANK OF INDIA has informed the Exchange about Board Meeting to be held on 03-May-2025 to consider and approve the Yearly Audited Financial resul
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    24 Apr 2025, 10:59AM State Bank Of India has informed the Exchange about Schedule of meet
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    24 Apr 2025, 11:04AM Analyst meet post Q4FY25 results
  • SBI - Board Meeting Intimation for Financial Results For The Quarter / Year Ended 31.03.2025 And Declaration Of Dividend, If

    24 Apr 2025, 10:56AM State Bank Of Indiahas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 03/05/2025 ,inter alia, to consider and
  • SBI - Chapter XIV - Centralized Database For Bonds

    23 Apr 2025, 8:42PM Chapter XIV - Centralised database for Bonds
  • SBI - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    17 Apr 2025, 6:16PM STATE BANK OF INDIA has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • SBI has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    17 Apr 2025, 3:20PM As of March 2025, 57.43% is owned by Indian Promoters and 42.57% by Public. <p align=justify> Institutional holds 34.99% (Insurance Companies 10.75%)
  • SBI - Change In Statutory Auditors

    16 Apr 2025, 7:24PM Change in Statutory Auditors
  • SBI - Change in Auditors

    16 Apr 2025, 7:23PM State Bank Of India has informed the Exchange regarding Change in Auditors of the company.
  • SBI - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    8 Apr 2025, 3:38PM Certificate for the quarter ended 31.03.2025
  • SBI - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    8 Apr 2025, 3:33PM State Bank Of India has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
  • SBI - Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017)

    5 Apr 2025, 6:07PM Statement of Debt Securities for the half year ending March 31st 2025
  • SBI - Copy of Newspaper Publication

    4 Apr 2025, 4:45PM State Bank of India has informed the Exchange about Copy of Newspaper Publication
  • SBI - Copy of Newspaper Publication

    2 Apr 2025, 5:08PM State Bank of India has informed the Exchange about Copy of Newspaper Publication of Notice of General Meeting of shareholders
  • SBI - Shareholders meeting

    30 Mar 2025, 12:35PM State Bank of India has informed the Exchange regarding Notice of General Meeting to be held on May 09, 2025
  • SBI - General Meeting Of Shareholders

    30 Mar 2025, 12:36PM General Meeting of Shareholders on 9th May 2025
  • SBI - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    29 Mar 2025, 5:59PM STATE BANK OF INDIA has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
  • SBI - Change in Management

    29 Mar 2025, 5:56PM State Bank of India has informed the Exchange about change in Senior Management
  • SBI - Announcement under Regulation 30 (LODR)-Change in Management

    29 Mar 2025, 5:57PM Change in Senior Management
  • SBI - Update On Payment Of Redemption Amount For Bond Series INE649A09126

    29 Mar 2025, 4:44PM Update on payment of Redemption amount for Bond series INE649A09126
  • SBI - Announcement under Regulation 30 (LODR)-Credit Rating

    28 Mar 2025, 4:25PM Credit Rating affirmed by Fitch Ratings
  • SBI - Credit Rating

    28 Mar 2025, 4:19PM State Bank Of India has informed the Exchange about Credit Rating
  • SBI - Trading Window-XBRL

    27 Mar 2025, 5:56PM STATE BANK OF INDIA has informed the Exchange about Closure of Trading Window
  • SBI - Trading Window

    27 Mar 2025, 5:53PM State Bank Of India has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    26 Mar 2025, 5:35PM State Bank of India has informed the Exchange about investor interaction arranged by HSBC
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    26 Mar 2025, 5:40PM Investor interaction arranged by HSBC
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    25 Mar 2025, 7:03PM Investor interaction arranged by HSBC
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    25 Mar 2025, 7:00PM SBIN: State Bank of India has informed the Exchange about investor interaction arranged by HSBC
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    21 Mar 2025, 2:44PM SBIN: State Bank of India has informed the Exchange about investor interaction arranged by J P Morgan
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    21 Mar 2025, 2:38PM Investor interaction arranged by Nuvama in London, scheduled on 21.03.2025 has been cancelled.
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    21 Mar 2025, 2:32PM Investor interaction arranged by J P Morgan
  • SBI - Disclosure Regarding Payment Of Bond Proceeds On Maturity

    20 Mar 2025, 6:25PM Disclosure regarding payment of Bond proceeds on maturity
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    20 Mar 2025, 1:33PM State Bank Of India has informed the Exchange about Schedule of meet
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    20 Mar 2025, 1:25PM State Bank of India has informed the Exchange about investor interaction arranged by J P Morgan
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    20 Mar 2025, 1:43PM Investor meet by HSBC
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    20 Mar 2025, 1:41PM Investor meet by HSBC
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    20 Mar 2025, 1:29PM Investor interaction arranged by J P Morgan
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    13 Mar 2025, 12:25PM State Bank of India has informed the Exchange about Schedule of meet arranged by J P Morgan
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    13 Mar 2025, 12:37PM Investor interaction arranged by Nuvama
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    13 Mar 2025, 12:36PM Investor interaction arranged by J P Morgan
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    13 Mar 2025, 12:35PM Investor interaction arranged by J P Morgan
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    12 Mar 2025, 7:16PM Investor interaction arranged by Morgan Stanley, scheduled on 12.03.2025 was cancelled
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    12 Mar 2025, 7:10PM State Bank of India has informed the Exchange that the meeting arranged by Morgan Stanley, scheduled on 12.03.2025 was cancelled
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    7 Mar 2025, 6:44PM State Bank Of India has informed the Exchange about Schedule of meet: Investor interaction arranged by Morgan Stanley
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    7 Mar 2025, 6:40PM Investor interaction arranges by Morgan Stanley
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    5 Mar 2025, 5:39PM State Bank of India has informed the Exchange about investor interaction arranged by Autonomous
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    5 Mar 2025, 5:36PM Investor interaction arranged by Autonomous
  • SBI - General Updates

    4 Mar 2025, 2:40PM State Bank of India has informed the Exchange about divestment in Jio Payments Bank Limited
  • SBI - Divestment - Jio Payments Bank Limited

    4 Mar 2025, 2:41PM Divestment - Jio Payments Bank Limited
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    1 Mar 2025, 4:45PM SBIN: State Bank of India has informed the Exchange about investor interaction arranged by Autonomous
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    1 Mar 2025, 4:40PM Investor interaction arranged by Autonomous
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    28 Feb 2025, 6:10PM SBIN: State Bank of India has informed the Exchange about Investor Interaction arranged by CLSA
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    28 Feb 2025, 6:06PM Investor interaction arranged by CLSA
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    27 Feb 2025, 8:44PM Investor interaction arranged by IIFL
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    27 Feb 2025, 8:38PM SBIN: State Bank 0f India has informed the Exchange about investor interaction arranged by IIFL
  • SBI - Disclosure Under Regulation 15(6) And (7) Of NCS Regulations, 2021

    21 Feb 2025, 3:59PM Disclosure under Regulation 15 (6) and 15 (7) of NCS Regulations, 2021
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    20 Feb 2025, 8:14PM State Bank Of India has informed the Exchange about Schedule of meet
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    20 Feb 2025, 8:10PM Investor interaction arranged by IIFL Institutional Equities
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    20 Feb 2025, 8:09PM Investor interaction arranged by IIFL Institutional Equities
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    17 Feb 2025, 7:23PM State Bank of India has informed the Exchange about Investor interaction arranged by Kotak Securities Limited
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    17 Feb 2025, 7:16PM Investor interaction arranged by Kotak Securities Limited
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    14 Feb 2025, 6:56PM State Bank Of India has informed the Exchange about
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    14 Feb 2025, 6:52PM Outcome of Analyst/ Investor Meet
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    13 Feb 2025, 6:27PM State Bank of India has informed the Exchange about investor interaction arranged by HSBC Securities
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    13 Feb 2025, 6:25PM State Bank of India has informed the Exchange about Transcript
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    13 Feb 2025, 6:22PM Investor interaction arranged by HSBC Securities
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    13 Feb 2025, 6:18PM Transcript of Q3-FY25 analysts meet held on 06.02.2025
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    11 Feb 2025, 7:28PM State Bank of India has informed the Exchange about investor interaction by Elara Securities
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    11 Feb 2025, 7:25PM Investor interaction by Elara Securities
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    11 Feb 2025, 7:11PM State Bank of India has informed the Exchange about Schedule of meet arranged by Kotak Securities Limited
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    11 Feb 2025, 7:09PM Investor Interaction organised by Kotak Securities Limited
  • SBI - Copy of Newspaper Publication

    7 Feb 2025, 7:15PM State Bank of India has informed the Exchange about Copy of Newspaper Publication of the Financial Results
  • SBI - Analysts/Institutional Investor Meet/Con. Call Updates

    7 Feb 2025, 6:15PM State Bank Of India has informed the Exchange about Schedule of meet
  • SBI - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    7 Feb 2025, 6:06PM Analyst / Investors meet - intimation
  • Stock Update: State Bank of India

    5 May 2025 , 11:33AM Stock Update: State Bank of India Q4FY25 result review – Soft Q4
  • State Bank of India

    5 May 2025 , 9:02AM SBI: Q4 earnings were mainly aided by fee income/ treasury gains/other income offsetting weak NII/ higher opex (one off), supporting the return ratios. The core operating profitability would be under pressure in FY26E led by lower NIMs and slightly lower growth. Bank has slightly lowered loan growth guidance to 12% for FY26E vs 14% earlier but is confident of maintaining RoA at ~1% going ahead. Negative read through
  • State Bank of India

    30 Apr 2025 , 9:06AM SBI: Bank to consider raising of equity capital via QIP or FPO in board meeting scheduled on 3 may. Positive
  • Stock Update: State Bank of India

    11 Mar 2025 , 9:03AM Stock Update: State Bank of India - Stable outlook, risk-reward attractive
  • Stock Update: State Bank of India Q3FY25 result review

    7 Feb 2025 , 11:52AM Stock Update: State Bank of India Q3FY25 result review - Mixed Q3, no concerns on asset quality
  • Stock Update: State Bank of India

    18 Dec 2024 , 11:07AM Stock Update: State Bank of India - On strong footing
  • State Bank of India

    14 Aug 2024 , 10:57AM Media reports suggest that SBI is planning to sell its 24% stake in YES Bank, worth Rs 18,420 crore ($2.2 billion) by the end of March 2025.
  • Stock Update: State Bank of India Q1FY25 results

    5 Aug 2024 , 12:50PM Stock Update: State Bank of India Q1FY25 results– Normalised quarter, outlook stable
  • State Bank of India

    11 Jul 2024 , 11:25AM The bank has raised Rs 10,000 crores through infrastructure bond issuance at a coupon rate of 7.36%.
  • State Bank of India

    1 Jul 2024 , 1:03PM The Financial Services Institutions Bureau (FSIB) has recommended the appointment of Mr. Challa Sreenivasulu Setty for the position of Chairman in State Bank of India. He is currently the senior most Managing Director heading Global Markets & Technology. SBI existing Chairman Mr. Dinesh Kumar Khara’s tenure ends in August 2024.
  • SBI board approves fund raise of up to $3 bn in FY25

    11 Jun 2024 , 2:25PM Board meeting outcome for Long Term Fund Raising Of upto US$ 3 Billion
  • State Bank of India

    5 Jun 2024 , 10:56AM The board of directors will meet on June 11 to consider long-term fund raising in single/multiple tranches of up to $3 billion through a public offer or private placement of senior unsecured notes in US Dollar or any other major foreign currency during FY 2024-25.
  • Stock Update: State Bank of India

    10 May 2024 , 12:40PM Stock Update: State Bank of India – Q4FY24 Results- Strong Q4
  • State Bank of India

    14 Mar 2024 , 11:02AM The bank has accepted one time settlement (OTS) proposal submitted by PC Jeweller. The terms of OTS includes- cash and equity component, release of securities and mortgaged properties. The company owed the banks Rs 3,278 crore. The largest lenders are SBI with Rs 1,060 crore outstanding, Union Bank of India with Rs 530 crore, Punjab National Bank with Rs 478 crore and Indian Bank with Rs 226 crore. Positive for SBI and other PSU lenders.
  • Stock Update: State Bank of India

    1 Mar 2024 , 11:49AM Stock Update: State Bank of India - Maintain positive stance.
  • State Bank of India

    19 Jan 2024 , 10:43AM The bank has raised Rs 5,000 crore through 10-year AT-1 bonds
  • State Bank of India

    22 Dec 2023 , 11:38AM The bank signs USD 165 million Line of Credit from World Bank for supporting grid connected rooftop Solar PV Projects in Residential & Institutional sectors. Positive
  • SBI to sign €200 m line of Credit from European Invst Bank

    21 Dec 2023 , 11:10AM Signing of Euro 200 million line of Credit with European Investment Bank
  • State Bank of India

    14 Dec 2023 , 10:41AM State Bank of India will be signing EURO 70 million Line of Credit with KfW (German Development Bank) for supporting Solar PV projects in India, on 14th December 2023 at Bank’s IFSC Gift City Branch, Ahmedabad.
  • State Bank of India

    6 Dec 2023 , 11:54AM The bank has proposed to acquire a 20% stake from SBI Capital Markets (SBICAPS) in SBI Pension Funds for Rs 229.52 crore. Post-acquisition, it will have an 80% stake in the SBI Pension Fund.
  • State Bank of India

    1 Dec 2023 , 10:40AM The bank plans to raise Rs. 5,000 crore through AT1 Bonds to shore up CET 1 ratio.
  • Stock Update: State Bank of India Q2FY24 results

    6 Nov 2023 , 12:14PM Stock Update: State Bank of India Q2FY24 results– Stable Q2, Valuation attractive
  • State Bank of India

    2 Nov 2023 , 10:37AM The bank has raised Rs 10,000 crore at a coupon rate of 7.81% through its Tier 2 bond. The bonds are issued for a 15-year term, with the first call option after 10 years
  • SBI drops as UBS cut target price

    13 Oct 2023 , 11:40AM SBI falls by 2% to Rs. 575, as UBS downgrade SBI rating from "Buy" to "Sell"
  • State Bank of India

    6 Oct 2023 , 11:07AM Government has extended the tenure of SBI Chairman Mr. Dinesh Khara till August 31, 2024. Positive
  • State Bank of India

    25 Sep 2023 , 11:10AM Bank has raised Rs 10,000 crore via infra bonds at a coupon rate of 7.49%.
  • State Bank of India

    25 Sep 2023 , 11:08AM Bank has raised Rs 10,000 crore via infra bonds at a coupon rate of 7.49%.
  • State Bank of India

    5 Sep 2023 , 11:01AM Financial Services Institutions Bureau has recommended the name of Mr. Vinay M. Tonse as managing director of bank. The post fell vacant after the appointment of Swaminathan Janakiraman as Deputy Governor of the Reserve Bank of India. Mr. Tonse is currently serving as deputy managing director at SBI. The bank has four MDs and one chairman.
  • State Bank of India

    25 Aug 2023 , 11:07AM As per the media reports, SBI Chairman Mr. Dinesh Khara is expected to receive 10-month extension. As per SBI rules, the chairman should retire when they turn 63. Mr. Khara will turn 63 next August. His current term is ending in October 2023.
  • State Bank of India

    7 Aug 2023 , 2:24PM State Bank of India: Bank intends to sell over Rs 96000 crore distressed loans to asset reconstruction companies in a fresh attempt to clean its books.
  • State Bank of India

    11 Jul 2023 , 10:54AM Bank has proposed to participate in an initial public offering (IPO) of National Securities Depositories (NSDL) through an offer-for-sale of up to 2% equity stake. The bank holds 5% stake in NSDL
  • State Bank of India

    12 Jun 2023 , 10:10AM State Bank of India: Bank has received board approval to raise up to Rs 50,000 crore through debt instruments in FY24.
  • State Bank of India

    6 Jun 2023 , 10:33AM Board of directors will meet on June 9 to consider fund raising during FY24 via issuance of debt instruments on a private placement basis.
  • State Bank of India

    28 Apr 2023 , 9:47AM SBI has raised $750-million through 5-year bonds at 4.875%.
  • State Bank of India

    19 Apr 2023 , 10:34AM The Board has approved the long-term fund-raising in single / multiple tranches up to $2 billion, through a public offer and/or private placement of senior unsecured notes in US dollar or any other convertible currency during FY24.
  • State Bank of India

    11 Apr 2023 , 11:07AM State Bank of India: Bank's board will meet on April 18 to decide on long term fund raising in single or multiple tranches of up to $2 billion through a public offer and/or private placement of senior unsecured notes.
  • State Bank of India

    9 Mar 2023 , 10:35AM State Bank of India: Bank has raised Rs 3,717 crore through its third AT-1 bond issuance at coupon rate of 8.25%.
  • State Bank of India

    3 Feb 2023 , 12:34PM Adani group companies exposure stands at around Rs.23,000 crore.
  • State Bank of India

    19 Jan 2023 , 11:31AM State Bank of India: Bank has raised Rs 9,718 crore through its second infrastructure bond issuance at a coupon rate of 7.70%. The proceeds of bonds will be utilized for funding infrastructure and affordable housing segment. The tenor of these bonds is 15 years.
  • State Bank of India

    12 Jan 2023 , 11:46AM Mr. Challa Sreenivasulu Setty to remain as MD for additional two years. The central government extended the term of office for a period of two years with effect from January 20, 2023. Neutral
  • State Bank of India

    4 Jan 2023 , 10:46AM State Bank of India: Board has approved raising money through Infrastructure Bonds up to an amount of Rs. 10,000 crores through a public issue or private placement, during Q4FY23.
  • State Bank of India

    29 Dec 2022 , 10:50AM State Bank of India: Board meeting is schedule on Jan, 3, 2023 to consider approval for raising of funds through the issuance of infrastructure bonds worth up to Rs.10,000 crores during the remaining fiscal year 2023.
  • State Bank of India

    15 Dec 2022 , 1:28PM State Bank of India: Board has approved raising additional tier I capital by way of issuance of Basel III compliant debt instrument in INR and / or any other convertible currency. The sum that can be raised till FY24 is up to Rs 10,000 crore.
  • State Bank of India

    12 Dec 2022 , 11:52AM Board will meet on December 14 to consider raising additional tier 1 capital through Tier I bonds.
  • Stock Update: State Bank of India

    2 Dec 2022 , 11:05AM Stock Update: State Bank of India – Best play among PSU banks
  • State Bank of India

    30 Nov 2022 , 10:08AM State Bank of India: Board has approved raising Infrastructure Bonds up to an amount of Rs. 10,000 crores (including a green shoe option of Rs. 5,000 crores) through a public issue or private placement, during H2FY23.
  • State Bank of India

    25 Nov 2022 , 10:51AM Board meeting scheduled on 29th November, 2022 to consider approval for raising of Infrastructure Bonds up to an amount of Rs. 10,000 crores (including a green shoe option of Rs. 5,000 crores) through a public issue or private placement.
  • Stock Update: State Bank of India

    22 Sep 2022 , 10:51AM Stock Update: State Bank of India – Standing Tall
  • State Bank of India

    22 Sep 2022 , 10:46AM SBI raises Rs. 4,000 crore Basel III compliant Tier 2 bonds at coupon rate of 7.57% for a tenor of 15 years with a call option after 10 years.
  • State Bank of India

    12 Sep 2022 , 2:08PM S&P affirms State Bank of India's 'BBB-' rating on improving asset quality. It also affirmed the short-term issuer credit rating 'A-3' and maintained stable outlook for the rating. Positive read through.
  • State Bank of India

    22 Aug 2022 , 11:18AM SBI sells KSK Mahanadi Power loan account (NPA account) to Aditya Birla ARC for Rs 1,622 crore accepting a haircut of almost 58 per cent against the total outstanding. KSK Mahanadi Power Company had total loan outstanding of Rs 3,815.04 crore towards SBI. Positive read through.
  • State Bank of India

    1 Jul 2022 , 2:33PM Bank would soon introduce WhatsApp banking for customers. It will also introduce API banking for aggregators & corporates, says Chairman. Positive read through in terms of building digital capabilities.
  • Stock Update: State Bank of India

    28 Jun 2022 , 11:40AM Stock Update: State Bank of India – Well positioned to capture growth going ahead
  • State Bank of India

    16 Jun 2022 , 2:27PM State Bank of India: SBI raises minimum rate for Home loan to 7.55% from 7.05% w.e.f from June 15.
  • State Bank of India

    14 Jun 2022 , 1:04PM SBI hikes 7-day to 2-year bulk term deposit rate by 50-75 bps. SBI also hikes 211-day to 3-year retail term deposit rates by 15-20 bps.
  • State Bank of India

    8 Jun 2022 , 12:19PM SBI steps up infra financing on signs of private capex pick up. In  FY22, about 10% of all new loans from the  bank by value were to the infrastructure sector vs 3% in FY21. SBI is boosting infra funding at a time when the government is aggressively pushing capex spending. It has doubled down on loans to the infrastructure segment comprising roads, ports and power in FY22, amid renewed demand for credit from private companies.
  • State Bank of India

    7 Jun 2022 , 2:03PM The centre has approved the appointment of Mr. Alok Kumar Choudhary, deputy managing director of State Bank of India as the managing director for a period of 2 years. He was currently in charge of the finance portfolio, will now be in charge of corporate banking and information technology in his new role at SBI. He replaces former MD Mr. Ashwani Bhatia who took charge as the whole time member of the Securities and Exchange Board of India (SEBI). With this appointment, SBI will have 4 managing directors led by the chairman. The three other MDs include Mr. CS Setty, MD in charge of retail banking; Mr. Swaminathan Janakiraman, MD in charge of stressed assets, risk and compliance; and Mr. Ashwini Kumar Tewari, MD in charge of international banking.
  • State Bank of India

    3 Jun 2022 , 10:34AM SBI along with 15 other banks has sold over Rs 8,000 crore of Suzlon Energy loans to Rural Electrification Corp (REC) and state-owned Indian Renewable Energy Development Agency (IREDA). The Suzlon Energy account has been a drag for nearly 15 years. Banks are getting rid of a troubled account which is showing no signs of recovery. SBI had Rs 2,900 crore of dues outstanding, followed by BoB with Rs 1,550 crore and IDBI Bank with Rs 1,500 crore in a consortium of 16 banks. The fact of the matter is that any recovery from this account looked doubtful. Infusion of equity from promoters was also taking time. Positive read through for SBI and other consortium banks.
  • State Bank of India

    2 Jun 2022 , 2:45PM SBI has set up a marketing team under its SARG (Stressed Assets Resolution Group) vertical to reach out to a broader investor base and showcase its stressed assets undergoing resolution under/ outside the Insolvency and Bankruptcy Code. In this regard, India’s largest bank, in its annual report, noted that resolution under IBC is a market-oriented mechanism where a higher number of bidders for a particular stressed corporate debtor result in better valuation and maximisation of recovery for lenders.
  • SBI Q4FY22 results

    13 May 2022 , 2:51PM SBI Q4FY22 results: On operational front results are below street expectations but slightly above our estimates
  • State Bank of India

    11 May 2022 , 11:03AM SBI: SBI's board approves raising up to $2 bn via bonds in FY23.
  • State Bank of India

    5 May 2022 , 10:11AM SBI to consider US$2 billion fund raising via US dollar denominated bonds on May 10. The funds will be raised in single or multiple tranches through a public offer and / or private placement basis, the state-owned lender said in an exchange filing.
  • Stock update: State Bank of India

    29 Mar 2022 , 9:46AM Stock update: State Bank of India- In a sweet spot with better credit growth
  • State Bank of India

    7 Mar 2022 , 9:33AM State Bank of India (SBI) has appointed Mr. Nitin Chugh as Deputy Managing Director (DMD) to drive digital banking operations for a term of three years. Prior to this appointment, Mr. Chugh was CEO and managing director of Ujjivan Small Finance Bank. Positive.
  • State Bank of India

    31 Dec 2021 , 9:46AM The bank announced the acquisition of 9.95% in India International Exchange (IFSC). Notably, IFSC is the first exchange to be set up at the Gujarat International Finance Tec-City's International Financial Services Centre (GIFT IFSC).
  • Stock Update: State Bank of India update

    23 Dec 2021 , 10:14AM Stock Update: State Bank of India update- Bank on it
  • Stock Update: State Bank of India update

    23 Dec 2021 , 9:59AM Stock Update: State Bank of India update- Bank on it
  • State Bank of India

    6 Dec 2021 , 10:37AM SBI has invited bids from asset reconstruction companies, and other financial institutions to sell the non-performing account (NPA) of KSK Mahanadi Power Company, with total outstanding against the company standing over ₹4,100 crore. Positive read-thru.
  • Stock update– State bank of India

    16 Sep 2021 , 9:53AM Stock update– State bank of India: A Value opportunity
  • State Bank of India

    28 Jun 2021 , 10:52AM SBI led consortium of banks received Rs 5,824 Cr after selling UBL shares for anti-money laundering charges on Vijay Mallya out of Rs 9,000 Cr originally lent to him. Another 800 Cr worth of shares will be sold soon. Last week, these banks had received Rs 1,357 Cr on selling similar UBL shares. Hence, SBI will receive around Rs 1,177 Cr, BoB Rs 404 Cr and PNB Rs 588 Cr on a proportionate basis as proceeds from the sale. This is positive for SBI as this was 100% provided for and now the bank will recover cash boosting its profits.
  • State Bank of India

    25 Jun 2021 , 10:56AM SBI launched Aarogyam Healthcare business loan: In this new product, entire healthcare ecosystem such as hospitals, nursing homes, diagnostic centres, pathology labs, manufacturers, suppliers, importers, logistic firms engaged in critical healthcare supply can avail of loans up to Rs 100 crore (as per the geographic location) repayable in 10 years. The Metro centres, loan under Aarogyam can be availed upto Rs 100 Cr, Tier 1 cities upto Rs 20 Cr and Tier II to IV upto Rs 10 Cr. This being a specialized kind of product being extended as loan will enhance SBI’s engagement with a majorly unnoticed healthcare segment no peer penetrated. Also, with the rates at which SBI can lend, it won’t see much competition in future as well and carve its share in SBI portfolio of advances like Xpress Credit.
  • State Bank of India

    22 Jun 2021 , 10:18AM SBI: to raise capital up to Rs 14,000 Cr as Additional Tier 1 capital. PSU Banks are under stress with requirement for more capital reserves for incremental lending. SBI has fared better than other PSBs with 3.4% QoQ advances growth in Q4FY21 but clearly requiring additional capital reserves at 13.74% CAR & 10.02% CET ratio.
  • SBI board OKs capital raising upto Rs. 14,000 cr

    22 Jun 2021 , 10:16AM Board approves raising additional tier-I capital of upto Rs. 14,000 crore through Basel-III bonds
  • State Bank of India

    17 Jun 2021 , 10:29AM The bank’s central board will meet on June 21 to consider raising Additional Tier 1 (AT 1) capital via public offer or private placement during FY22.
  • State Bank of India

    3 Jun 2021 , 9:07AM State Bank of India: The bank had an investor call
  • State Bank of India - Q4 FY2021 Results Review

    24 May 2021 , 10:53AM State Bank of India - Q4 FY2021 Results Review – A bright quarter performance
  • State Bank of India Q4 FY2021 – First Cut

    21 May 2021 , 3:20PM State Bank of India Q4 FY2021 – First Cut – Positive performance
  • State Bank of India

    17 May 2021 , 9:18AM State Bank of India: The bank will sell three bad accounts to asset reconstruction companies or other financial institutions next month to recover dues of over Rs 235 crore.
  • State Bank of India

    3 May 2021 , 10:16AM The bank has reduced its home loans rates to 6.70 %. Also, women borrowers will get a special concession of 5 bps.
  • SBI board approves $2-billion fund-raising plan for FY22

    28 Apr 2021 , 2:08PM The executive committee of the central board of SBI approves a proposal to raise up to $ 2 billion
  • State Bank of India

    27 Apr 2021 , 3:23PM State Bank of India: The Executive Committee of the Bank is scheduled to have a meeting on 28th April, 2021 to consider and decide on long term fund raising in single / multiple tranches up to US$ 2 Billion (US$ Two Billion) through a public offer and / or private placement of senior unsecured notes in US Dollar or any other convertible currency during FY 2021 - 22
  • State Bank of India

    23 Apr 2021 , 11:19AM In a media interview, the SBI management has said It too early to take a call on the delinquencies. The lockdown this year is not as severe as it was last year where there was no traffic on the roads, no toll collection, no flight or railway traffic. It is more measured, more calibrated and so the collapse of demand that happened last time may not be as strong this time around
  • State Bank of India

    22 Apr 2021 , 12:18PM SBI said IRDAI has imposed a penalty of Rs 25 lakh on SBI General Insurance, the unlisted subsidiary of SBI, for non-compliance with minimum obligations under Motor Third Party Business, for FY18.
  • State Bank of India

    16 Apr 2021 , 10:20AM State Bank of India: The bank has clarified that it has refunded the charges collected for all digital transactions to the BSBD account holders with effect from January 1, 2020, to September 14, 2020. The bank has stopped recovering charges in such accounts on all digital transactions from September 15, 2020, onwards.
  • State Bank of India

    12 Apr 2021 , 10:57AM As per media reports, State Bank of India (SBI) plans to overhaul its business model and strategies for loans to micro, small, and medium enterprises (MSMEs) to increase its market share to 20 per cent by March 2024, from over 15 per cent at present. This will require SBI to grow its SME loan book to Rs 4 trillion, from the current Rs 2.5 trillion.
  • State Bank of India

    5 Apr 2021 , 10:32AM State Bank of India (SBI) has hiked the minimum interest rate on home loans by 25 basis points (bps) from 6.70 per cent to 6.95 per cent with effect from April 1, 2021. This hike in minimum home loan rate by SBI may prompt other lenders too to follow suit.
  • State Bank of India

    1 Apr 2021 , 10:46AM State Bank of India signed a loan agreement of $1 billion with Japan Bank for International Cooperation (JBIC), taking the total facility to $2 billion. A similar facility for $1 billion was signed in October 2020. The loan is intended to promote the smooth flow of funds for the whole range of business operations of Japanese automobile manufacturers in India. The loan is in the form of refinancing against the funding support provided to the manufacturers, suppliers and dealers of Japanese automobiles in India, whose business activities are recovering from reduced sales due to Covid-19.
  • State Bank of India

    17 Mar 2021 , 10:32AM SBI has returned the money it raised 10 years ago from retail investors through bonds ahead of schedule. Investors, who put money into the 15-year SBI Retail Bonds in March 2011 that paid an interest rate of 9.95% annually, were repaid (exercised the call option) in the 10th year, allowing SBI thereby a saving on Interest Cost as the current interest rates are low (existing rates for five-year fixed deposits of banks are 5.4%) hence the pre-payment of the bonds was favorable for SBI. SBI had raised around Rs 2000 crores via these bonds. Also, in separate development, the Reserve Bank of India has imposed a penalty of Rs 2 crore on SBI over “deficiencies in regulatory compliance”.
  • State Bank of India

    12 Mar 2021 , 10:29AM The bank will conduct e-auctions of 12 bad accounts this month to recover dues of over Rs 506 crore under sale to asset reconstruction company (ARC) mechanism.
  • State Bank of India

    2 Mar 2021 , 10:27AM State Bank of India (SBI) has reduced its interest rate on Home Loans by 10 basis points under limited period offer till end Month. The revised rates will start with 6.70% and would be linked to CIBIL credit score. The borrower with higher CIBIL score will earn fine interest rate. For home loans upto Rs 75 lakh, the rates are 6.9 % for CIBIL score between 700-750; for scoring between 751 and 800, the rate is 6.8 % and for score above 800, interest will be 6.70 %. The rates are the floor rates which have been lowered by 10 basis point lower than earlier.
  • State Bank of India

    1 Mar 2021 , 2:38PM SBI offers interest concession up to 70 bps on home loans till March 31. Home loan interest rates start from 6.70% for loans up to Rs 75 Lk & 6.75% above Rs 75 Lk for SBI. State Bank of India is also offering 100% waiver on processing fees.
  • State Bank of India

    11 Feb 2021 , 12:34PM State Bank of India plans to double its mortgage loan portfolio to Rs 10 lakh crore in the next five years. SBI dominates the housing loan segment with a market share of 33%, reached a home loan portfolio of Rs 5 lakh crore earlier this month, and aims to reach Rs 7 Lakh crores size in 3 years’ time. Home loans account for 23% of the lender’s domestic loans. The bank is also working on various digital initiatives to improve efficiencies in home loan delivery, including a unique integrated platform Retail Loan Management System (RLMS) which will provide an end-to-end digital solution.
  • SBI Q3 FY2021 Result First Cut

    4 Feb 2021 , 4:14PM SBI Q3 FY2021 Result First Cut – Strong results
  • State Bank of India

    11 Jan 2021 , 2:46PM State Bank of India (SBI) has increased fixed deposit or FD rates for some select maturity periods. The revised SBI rates on retail FDs of less than Rs 2 crores are effective from 8 January. The bank has hiked the interest rates on fixed deposits (FDs) for 1 year to less than 2 years by 10 basis points (bps). The proposed rates of interest shall be made applicable to fresh deposits and renewals of maturing deposits. SBI had earlier revised interest rates on fixed deposits on 10 September 2020.
  • State Bank of India

    8 Jan 2021 , 2:57PM SBI announces interest concession up to 30 bps & 100% processing fee waiver on home loans. SBI says its home loan interest rates start at as low as 6.80% for up to Rs 30 lakh & 6.95% for above Rs 30 lakh.
  • Union Bank of India, State Bank of India

    8 Jan 2021 , 10:44AM Union Bank of India: The Bank is issuing Basel Ill compliant Perpetual Debt instruments in the nature of Additional Tier-1 Capital bonds of Rs. 300 crore with Green Shoe Option up to Rs.700 crore (maximum Rs.1,000 crore) on Private Placement basis. The coupon rate is to be at 8.64% pa.
  • State Bank of India

    7 Jan 2021 , 10:38AM SBI: International rating agency Moody's Investors Service on Wednesday voluntarily withdrawn the ratings on the short-term foreign currency programme of the nation's largest State Bank of India and its branches under its USD 10 billion global medium-term note programme "for its own business reasons".
  • State Bank of India

    25 Nov 2020 , 11:11AM The Bank’s board approved to allot Basel lll compliant Non-convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid-up Debt instruments in the nature of debentures qualifying as AT-1 Capital of the Bank, bearing a coupon of 7.73% p.a. payable annually aggregating to Rs, 2,500 crores.
  • State Bank of India

    20 Nov 2020 , 9:40AM The state-run largest lender has entered into MoU with Luxembourg Stock Exchange to promote ESG (Environmental, Social, and Corporate Governance) and green finance. With this MoU, LuxSE will create a sustainable environment for issuers, asset managers, and investors in terms of ESG focused funds and bonds.
  • State Bank of India

    11 Nov 2020 , 11:53AM The bank board of directors has approved the divestment of 8,510 equity shares constituting 8.51 % of Bank’s stake in UTI Trustee Company Private Limited.
  • State Bank of India – Q2 FY2021 Result Update

    5 Nov 2020 , 12:29PM State Bank of India – Q2 FY2021 Result Update: Q2 meets hopes, all eyes on NPAs
  • SBI Q2 FY2021 Results Review

    4 Nov 2020 , 3:39PM SBI Q2 FY2021 Results Review – In-Line performace
  • State Bank of India

    27 Oct 2020 , 10:18AM The State Bank of India (SBI) on Monday said it has raised Rs 5,000 crore by issuing Basel-III compliant non-convertible, taxable debt instruments. The debentures (qualifying as tier II capital) bear a coupon of 5.83% aggregating to Rs 5,000 crore. The interest on the bonds will be paid annually for a tenor of 10 years and call option after 5 years and on anniversary date thereafter
  • State Bank of India

    8 Oct 2020 , 11:14AM State Bank of India’s (SBI) new chairman Dinesh Kumar Khara said his priorities will be to maintain asset quality, protect net interest margins and sustain the drive on digitisation. The new SBI chairman indicated that the bank will be able to use the Reserve Bank of India’s (RBI) restructuring framework to prevent a spike in non-performing assets (NPAs).
  • State Bank of India

    7 Oct 2020 , 10:28AM The government appointed Dinesh Khara as chairman of State Bank of India for three years. He succeeds Rajnish Kumar. Mr Khara, was the senior-most managing director at SBI and was looking after SBI’s global banking and subsidiaries business.
  • State Bank of India

    5 Oct 2020 , 11:35AM Shri charanjit surinder Singh Attra has been appointed as chief Financial officer and has joined the Bank
  • SBI board approves raises additional AT1 bonds in FY21

    30 Sep 2020 , 2:44PM SBI board approves raising additional AT1 bonds up to Rs. 5,000 cr in FY21. It is within the capital plan earlier approved
  • State Bank of India

    29 Sep 2020 , 10:33AM The SBI stated that it would totally waive processing fee for all customers applying for car, gold, and personal loans through its Yono app that SBI had launched in 2017. It will also give a concession of upto 10 basis points (bps) on home loans.
  • State Bank of India

    23 Sep 2020 , 10:59AM State Bank of India (SBI) is planning to monetise its flagship digital banking platform Yono by allowing smaller lenders such as small finance banks and regional rural banks to use it. Other lenders would need to connect with the Yono API (application programming interface) for using the platform. SBI may soon carve out the integrated digital platform into a separate entity. The bank had earlier stated that Yono App (You Only Need One) is a profitable platform with 2.7 crore users which can have significant value proposition for the bank.
  • State Bank of India

    22 Sep 2020 , 11:46AM The SBI has started to offer Restructuring window to retail borrowers as per their own assessment if income/ job impact due to the Covid. Borrowers will need to get a resolution plan sanctioned before 31 December and the lender will need to implement it within 90 days. The restructured loan will continue to be considered as standard till the borrower sticks to the resolution plan. Using the portal, borrowers also have the option of requesting a moratorium of 1-24 months and extension of their loan term. However, borrowers will be charged 0.35% higher interest rates. The bank has also reduced its Deposit rates across various maturities by upto 20BPS.
  • State Bank of India

    22 Sep 2020 , 9:19AM Bank board has approved to allot Basel lll compliant Tier ll Capital bonds aggregating to Rs. 7000 crores (coupon of 6.24% p.a.) for a tenor of 10 years on 21 Sep 2020.
  • State Bank of India, Motherson Sumi System

    15 Sep 2020 , 9:58AM The country’s largest lender is in the process of raising up to Rs 7,000 crore more via tier-II bonds and is currently discussing the proposal with potential investors on the pricing part. In the past three-four weeks, SBI has sold around Rs 13,000 crore of bonds in two series. While the lender raised about Rs 8,900 crore via tier-II papers, it mopped up Rs 4,000 crore through perpetual bonds, billed as quasi-equity securities.
  • SBI raises Rs. 4,000 cr via AT1 bonds at a coupon of 7.74%

    10 Sep 2020 , 2:12PM SBI sell Rs. 4,000 crore of the Basel compliant Additional Tier 1 (AT1) bonds
  • State Bank of India

    10 Sep 2020 , 9:46AM SBI raised Rs 4,000 crore of Basel-compliant Additional Tier 1 (AT1) bonds at a coupon of 7.74%. This is the lowest pricing ever offered on such debt, issued by any bank since the country started implementing the stringent Basel III capital rules in 2013. As aggregate bids were in excess of Rs 6,000 crore, the Bank exercised the full greenshoe option of Rs 3,000 crore over and above the base issue size of Rs 1,000 crore. While State Bank of India has AAA credit rating from local credit agencies, its AT1 offering is rated AA+, which is the highest rating in the country for these instruments in view of the hybrid and high-risk nature of these instruments
  • Stock in news: State Bank of India

    9 Sep 2020 , 12:31PM State bank of India are trading lower in this weak market
  • State Bank of India

    8 Sep 2020 , 12:14PM The Bank has plans of recruiting more than 14,000 people this year
  • State Bank of India

    7 Sep 2020 , 12:29PM As per media reports the State Bank of India (SBI) has planned a voluntary retirement scheme (VRS) under which about 30,190 employees (~12% by numbers) may be eligible and the board approval is awaited. The scheme will be opened to all permanent officers and staff who have put in 25 years of service or have completed 55 years of age on the cut-off date. The scheme will open on December 1 and will remain open till the end of February. The response of the bank unions to the proposed VRS scheme will also need to be seen.
  • Tube Investments of India, SBI

    31 Aug 2020 , 11:16AM Tube Investments of India by their Letter of Intent that, upon conclusion of the Swiss Challenge bid process launched under the auspices of the Reserve Bank of India, they have declared TII’s offer as the successful offer and TII as the successful bidder for the acquisition of controlling state in CG Power. As per media reports, CG Power's total outstanding borrowings from banks / financial institutions is Rs 3,024 crore which includes term loan of Rs 1,375 crore. The exposure is mainly to a SBI led consortium, which also includes Axis Bank, Canara Bank etc. and the deal will be sentimentally positive for the same. Positive read thru for Tube Investments of India for long term.
  • State Bank of India

    31 Aug 2020 , 11:11AM The Banks Board Bureau has recommended Dinesh Khara for the position of chairman at State Bank of India. The incumbent chairman of the bank, Rajnish Kumar, is set to demit office in the first week of October. The 59-year-old currently looks after SBI’s global banking and subsidiaries business.
  • State Bank of India

    28 Aug 2020 , 10:06AM As per media reports, the Banks Board Bureau (BBB) is scheduled to hold interviews of candidates for the post of Chairman of the State Bank of India today.
  • State Bank of India

    27 Aug 2020 , 11:05AM As per media reports State Bank of India is planning to set up an entity to rival National Payments Corporation of India (NPCI) and enter the country’s highly competitive, yet fast growing, digital payments ecosystem as a primary stakeholder. SBI is “examining” the possibility of applying for a licence under the Reserve Bank of India’s New Umbrella Entity (NUE) framework for retail payments. Entities receiving approval can set up a payments company for owning and operating a pan-India digital payments network, exercising the same powers as NPCI. SBI will need to provide at least Rs 500 crore as paid-up capital if the entity does get the green light, as per the RBI guidelines. The NPCI currently controls over 60% of the volumes through crucial channels such as the UPI, IMPS and National Financial Switch. The RBI has set February 2021 as the deadline for interested entities to submit applications.
  • State Bank of India

    26 Aug 2020 , 10:12AM Moody's Investors Service has downgraded State Bank of India’s (SBI) Baseline Credit Assessment (BCA) and adjusted it to ba2 from ba1, reflecting the rating agency’s view that the bank's asset quality and profitability will deteriorate. Meanwhile, it affirmed the long-term local and foreign currency deposit ratings of SBI at Baa3, pointing that deposit ratings of SBI are at the same level as India's Baa3 sovereign rating.
  • State Bank of India

    24 Aug 2020 , 12:03PM The Government has appointed Mr Ashwani Bhatia as MD of SBI.
  • State Bank of India

    19 Aug 2020 , 9:44AM The SBI is planning to raise up to Rs 10,000 crore in a bond sale. SBI has plans to raise up to Rs 20,000 crore equity capital through various means in the current fiscal but the same is likely to be pushed behind as the bank looks for better market conditions. The tier-II bonds are expected to offer 6.65-6.75%, with a 15-year maturity, said two people with direct knowledge of the matter. The proposed bonds will likely come up for bidding on the electronic platform of stock exchanges on Wednesday.
  • Bank of Baroda, State Bank of India

    18 Aug 2020 , 10:06AM SEBI has imposed a penalty aggregating to Rs. 10 Lacs (Rupees Ten Lacs only) each on SBI and Bank of Baroda for non-compliance with the directions issued by the SEBI in the case of holding, more than prescribed limit, equity shares of UTIAMC Ltd and UTI Trustee Company Pvt. Ltd.
  • State Bank of India

    3 Aug 2020 , 10:41AM State Bank of India – Q1 FY21 Result Review: Encouraging performance; Valuations attractive
  • State Bank of India

    31 Jul 2020 , 3:17PM SBI Q1 FY21 First Cut – Encouraging asset quality performance
  • State Bank of India

    20 Jul 2020 , 12:13PM State Bank of India has decided that it will move to a new floating rate benchmark for business and retail loans, delivering an effective rate cut for existing loans worth Rs 8 lakh crore. The country’s largest bank will shift to the six-month marginal cost of lending rate (MCLR) versus one-year MCLR as per media reports. The external benchmark-based rate will be applicable for new loans. At present, while all new borrowers are taking benefit of the series of rate cuts, the MCLR borrowers have to wait for reset date. Hence, SBI has decided to change its benchmark to six-month MCLR. This will lead to much faster policy rate transmission as rates will reset faster. Customers were earlier only allowed to reset loans once a year.
  • State Bank of India

    16 Jul 2020 , 9:48AM State Bank of India (SBI) will raise Rs 25,000 crore capital through additional tier-1 (AT1) and tier-II bonds from the market in FY21. SBI board had given nod to raise fresh AT1 capital upto Rs 4,000 crore and to raise fresh tier-II capital up to Rs 10,000 crore. It will redeem existing tier-II bonds of Rs 11,015 crore that have call dates during the current financial year. It will replace them by raising fresh tier-II capital bonds of the same amount.
  • State Bank of India

    15 Jul 2020 , 9:48AM The shareholders have approved raising of equity capital up to Rs 20,000 crore through various modes from the market. SBI will have its board meeting today where it will seek approval to raise capital through additional tier-1 (AT1) and tier-II bonds from the markets in FY21. Also, the bank plans to save Rs 1,000 crore through cost optimisation, focus on cost reduction, rationalisation and reskilling of workforce, and improvement in staff productivity by redeploying workforce from administration offices to sales roles as it mitigates the impact of Covid-19 on its business.
  • State Bank of India

    10 Jul 2020 , 3:44PM SBI’s board meeting is scheduled on July 15, 2020, to consider and approve to seek approval for raising AT1 and Tier 2 capital by way of issuance of Basel III compliant debt instrument in USD and/or INR during FY 21.
  • SBI to consider raising capital via bonds

    10 Jul 2020 , 3:19PM Board to meet on July 15, to consider raising of fund via bonds
  • SBI may invest upto Rs. 1760 cr in Yes Bank's FPO

    9 Jul 2020 , 10:41AM SBI board approves to invest a maximum of Rs. 1,760 in private lender YES Bank’s follow-on public offer
  • State Bank of India

    8 Jul 2020 , 11:57AM SBI has announced a reduction in its benchmark lending rates across shorter tenors.Marginal cost of funds-based lending rate (MCLR) will be reduced by 5-10 bps to 6.65% and the new rates will take effect on July 10.
  • SBI cuts 3 months MCLR to 6.65%

    8 Jul 2020 , 9:45AM SBI cuts lending rate by 5-10 bps in the shorter tenors effective July 10
  • State Bank of India, Housing Development Finance Corporation

    17 Jun 2020 , 10:32AM State Bank of India: The SBI board meeting is to be held on 14 July 2020 to seek shareholders' approval to raise up to Rs 20,000 crore equity capital through various means in the current fiscal. The fund raising will be subject to the condition that the Government of India shareholding in equity share capital of the Bank does not fall below 52% at any point of time.
  • State Bank of India

    16 Jun 2020 , 11:38AM The OFS for SBI Life (at base price of Rs 725 per share) was successfully completed. Despite shortfall in retail demand, the OFS has sailed through successfully as the institutional investor portion had seen twice demand as against the shares on offer. Investment bankers said the unsubscribed retail portion will go to institutional investors. Through the OFS, promoter State Bank of India has raised over Rs 1,500 crore by paring 2.1 % stake in SBI Life (SBI held 57.6% in SBI Life, which will be 55.5% subsequent to the stake sale).
  • State Bank of India

    12 Jun 2020 , 4:35PM SBI has re-launched ‘SBI Insta Saving Bank Account’ an Aadhaar-based instant digital savings account online through bank’s banking app YONO. This new service will offer complete paperless and instant digital savings account opening experience with just PAN and Aadhaar number. The SBI Insta Saving Bank Account holders can have 24x7 banking access and will be issued basic personalized RuPay ATM-cum-debit card. Customers will have the flexibility to upgrade to full KYC by visiting their nearest SBI branch within one year’s time.– Coming on the back of similar digital products offered by peers such as Kotak Bank, IndusInd Bank etc, the new digital Account opening product will help the retail push of SBI.
  • State Bank of India

    12 Jun 2020 , 10:31AM State Bank of India: Bank to sell 2.1% stake in SBI Life via OFS - Sentimentally Positive for SBI
  • State Bank of India

    12 Jun 2020 , 9:11AM SBI has approved to divest 2.1 % stake in SBI Life Insurance through the offer for sale (OFS) route. In the notice to exchange, SBI proposes to sell more than 2 crore shares in SBI Life to achieve Minimum Public Shareholding of 25 %.
  • State Bank of India

    11 Jun 2020 , 10:44AM The bank’s board will meet today to decide on long-term fundraising up to USD 1.5 billion, through a public offer and/or private placement of senior unsecured notes in US Dollars or any other convertible currency during FY21.
  • State Bank of India

    9 Jun 2020 , 11:48AM State Bank of India (SBI) has reduced its Marginal Cost of funds-based Lending Rate (MCLR) by 25 bps across all tenors. The one year MCLR has now fallen to 7% per annum from 7.25 %, with effect from June 10. This comes on the back of recent reduction in the deposit rates by the bank. SBI’s External Benchmark-linked lending Rate (EBR) as well as Repo Linked Lending Rate (RLLR) also have reduced to 6.65% p.a. and 6.25 % p.a. respectively. – Sentimentally Negative
  • State Bank of India

    8 Jun 2020 , 11:07AM SBI – Q4FY2020 Result Review –Challenges exist, but lighter legacy burden to support
  • State Bank of India

    5 Jun 2020 , 3:39PM SBI – Q4 FY20 First Cut – Mixed performance
  • State Bank of India

    29 May 2020 , 11:17AM As per media reports, SBI will be starting its micro market vertical from June and has asked SBI Life Insurance chief executive Sanjeev Nautiyal to head the initiative. SBI plans to launch the specialized cell for small borrowers with 7,500 rural branches of SBI.
  • State Bank of India

    28 May 2020 , 9:42AM As per media reports, SBI has reached out to all of its eligible loan customers to offer them moratorium on their loan repayments. About 20% of its borrowers have availed of the moratorium so far as per the bank. Development is in line with RBI’s recent announcement of an extension of the moratorium on loan EMIs by three months, i.e. till August 31, 2020.
  • State Bank of India

    8 May 2020 , 2:15PM In a surprise move, the State Bank of India (SBI) has hiked its effective home loan rate by 20 basis points for new borrowers by widening the spread over its repo rate-linked external benchmark rate. This move comes at a time when the bank has reduced its marginal cost of funds-based lending rate (MCLR) across tenures by 15 bps, with effect from May 10. - Sentimentally positive.
  • State Bank of India

    8 May 2020 , 11:24AM The bank has cut its benchmark lending rate by 15 basis points, and introduced a special deposit scheme for senior citizens with higher interest rate. The new product will fetch an additional 30-bps premium.
  • State Bank of India

    8 Apr 2020 , 9:44AM The state-run largest lender has reduced its marginal cost of funds based lending rate (MCLR) by 35 bps across all tenors from April 10. The one-year MCLR comes down to 7.40 percent per annum from 7.75 percent with effect from April 10, 2020. It has also reduced savings rate to 2.75% on all deposits.
  • State Bank of India

    24 Mar 2020 , 9:51AM To commit 0.25 percent of its annual profit in FY21 to fight the Covid-19 outbreak situation in India. The fund used to fight the Covid-19 pandemic will be spent from Corporate Social Responsibility funds.
  • State Bank of India

    20 Mar 2020 , 9:44AM The bank’s board meeting on March 27 will consider an extension of approval accorded by the Central Board for raising equity capital from the market up to Rs 20,000 crore till March 31, 2021.
  • SBI to buy Rs. 7,250 crore stake in Yes Bank

    13 Mar 2020 , 11:49AM SBI to invest Rs 7,250 crore in Yes Bank
  • State Bank of India

    13 Mar 2020 , 10:17AM The SBI’s executive committee of central board approved the purchase of 725 crore shares in Yes bank at a price of Rs 10 per share amounting to Rs 7250 crores. State Bank of India’s shareholding will remain within 49% of the paid-up capital of Yes Bank. As per Media Reports, private lenders ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank as well as investors Radhakishan Damani, Rakesh Jhunjhunwala and the Azim Premji Trust may also invest in Yes Bank (to the tune of around~ Rs 12,000 crore)– View: The fund infusion in Yes Bank, from SBI along with other potential investors is positive for containing the contagion risks of Yes bank. Also, post the recentcorrection, SBI is available at ~0.8x FY22E BVPS. Sharekhan Research has a BUY rating on SBI.
  • State Bank of India

    12 Mar 2020 , 10:46AM The State bank of India (SBI) has announced that it will waive charges for non-maintenance of average monthly balance (AMB) for all 44.51 crore savings bank accounts. Currently SBI savings bank customers need to maintain average monthly balance of Rs 3000, Rs 2000 and Rs 1000 in metro, semi urban and rural areas respectively. Bank used to levy a penalty of Rs 5 to Rs15 plus taxes on non-maintenance of average monthly balance. Also, as per media reports, the bank has decided to enter the Microfinance business and has identified about 8000 branches where it will offer small ticket loans. Currently Pilot is running – Neutral.
  • Yes Bank, State Bank of India

    9 Mar 2020 , 10:46AM The RBI has announced a reconstruction plan for Yes Bank where SBI would take charge of Yes Bank once RBI's 30-day moratorium period ends. Also, as per media reports, SBI may buy up to 49% stake in Yes Bank with an initial investment of upto Rs 2,450 crore which can be increased to Rs 10,000 crore in the next three years during which it will have to a maintain 26 % stake in Yes Bank. SBI's cost of acquisition of Yes Bank shares works out to Rs 10 per share, much below the closing price of Yes Bank shares on Friday
  • State Bank of India

    6 Mar 2020 , 10:26AM The State Bank of India board has given in-principle approval to consider an “investment opportunity” in YES Bank. SBI, however, said no decision had yet been taken to pick up stake in the bank. – Sentimentally Negative for SBI till further clarity emerges on the deal structure.
  • State Bank of India

    26 Feb 2020 , 10:35AM SBI Cards will be launching its Initial Public offer at the price band to range of Rs 750-755 per Equity Share.
  • SBI Cards fixes IPO price range at Rs. 750-755 per share

    25 Feb 2020 , 10:38AM SBI Cards IPO will open for subscription on March 2 and close on March 5
  • SBI Cards IPO will start on March 2

    20 Feb 2020 , 12:19PM SBI Cards IPO to open for subscription on March 2
  • State Bank of India

    19 Feb 2020 , 10:20AM As per media reports, SBI Cards IPO is expected to be launched between March 2-5 with the offer price likely between Rs 745 and Rs 775 per share. A total dilution of around 14% is expected to be done through SBI Cards IPO via an offer for sale (OFS) route. Out of the 14 %, SBI is likely to dilute 4 % whereas the remaining 10 % will be diluted by private equity firm, Carlyle Group. View– Sentimentally Positive for SBI as will lead to value unlocking of its subsidiary. We have a Buy rating on SBI.
  • State Bank of India

    18 Feb 2020 , 10:17AM As per media reports SBI Cards and Payment Services Ltd, which is 74% owned by State Bank of India and private equity firm Carlyle Group, is targeting an early March launch for its Rs 9,000-crore initial public offering (IPO). SBI, which owns a 74% stake in the unit, and Carlyle Group, which holds 26% through its subsidiary CA Rover Holdings, will together sell ~130.5 million shares. SBI and Carlyle will pare their stakes by 4% and 10%, respectively, via the initial share sale. – Sentimentally Positive for SBI as will lead to value unlocking of its subsidiary. We have a Buy rating on the SBI stock.
  • State Bank of India

    12 Feb 2020 , 10:34AM As per media reports, The Securities and Exchange Board of India (SEBI) has given its approval for the initial public offer (IPO) of SBI Cards and Payment Services, the cards unit of the State Bank of India (SBI). The company may raise Rs 9,000 crore to Rs 10,000 crore and the IPO is likely by the end of the month. –Sentimentally positive for SBI.
  • State Bank of India

    6 Feb 2020 , 11:11AM SBl has received Rs. 67.95 crores as divestment proceeds of its entire equity stake in Equifax Credit lnformation Services Pvt Ltd (ECIS). – Neutral read thru
  • State Bank of India

    1 Feb 2020 , 9:17AM SBI Q3 FY20 Results Update – Asset-quality performance enthuses
  • State Bank of India

    31 Jan 2020 , 2:53PM SBI Q3 FY20 Results First Cut – Decent Results
  • State Bank of India

    15 Jan 2020 , 11:24AM The lender has revised interest rates on fixed deposits (FD) maturing between 1 year to 10 years. The bank has introduced a 15 basis points (bps) rate cut in the long-term deposits with the aforementioned maturity terms. – Sentimentally Positive
  • State Bank of India

    9 Jan 2020 , 12:48PM SBI Home loan borrowers from the bank will now be able to avail of a full refund of the principal amount if a builder fails to handover an occupancy certificate within a stipulated time. The product in which borrowers who buy apartments in projects, where SBI is the sole lender, will get this guarantee. RBBG will focus on affordable housing segment with home price of up to Rs 2.50 crore in seven Indian cities initially – View: Sentimentally Positive. While the bank already has a strong (~22% market share) such product may help it gain market share, and will be available to reputed builders with strong ratings
  • State Bank of India

    1 Jan 2020 , 9:42AM As per media reports SBI plans to float a distressed asset fund in the new year and will be roping in a global partner to raise money from international investors. At present, SBICAP Ventures, a fund management arm of the group, is managing a realty fund, and is likely to manage the distressed asset fund too. The size of the distressed asset fund is expected to be up to $2 billion.
  • Patanjali picks up stressed Ruchi Soya for Rs. 4,350 crore

    19 Dec 2019 , 1:53PM Bulk of deal proceeds to be paid to creditors including SBI
  • PSU banks to offload stakes via UTI AMC’s offer for sale

    19 Dec 2019 , 1:46PM SBI, BOB, and LIC are likely to sell ~1.05 cr shares each, while PNB may sell 38 lakh shares
  • State Bank of India

    5 Dec 2019 , 11:14AM The company Board has approved divestment of the bank’s stake in UTI AMC by up to 1.05 crore shares or 8.25 % equity through initial public offering via offer for sale. Other shareholders includes LIC, BOB and PNB, which holds 18.5% each. T Rowe Price holds 26%. Positive read through
  • State Bank of India (SBI)

    28 Nov 2019 , 11:48AM SBI Cards and Payment Services Ltd, (SCPS) the credit card unit of State Bank of India (SBI) has filed initial IPO share sale documents that could see SCPS sell shares worth around Rs 9,600 crore. SBI, which holds 74% stake in the unit, along with private equity firm Carlyle Group, which holds the rest 26% through its subsidiary CA Rover Holdings, will together sell 13.05 cr shares through the IPO. The secondary component of the IPO could be Rs 9,100 crore and will give a partial exit to both its shareholders. While Carlyle is looking to sell 10% stake via the IPO, SBI would sell 4% stake in the company. – Sentimentally Positive for SBI. Will result in monetization of assets as well as value unlocking for its own valuations.
  • State Bank of India

    15 Nov 2019 , 11:50AM The Bank’s board has accorded final approval for the divestment of SBI’s stake (upto 4% of shares) in SBI Cards through IPO by way of offer for sale of upto 3,72,93,371 equity shares, subject to the requisite approvals. – Sentimentally Positive
  • SBI up on stake sale nod in SBI Cards

    15 Nov 2019 , 10:29AM SBI rises by 4% to Rs. 319.2, after SBI to pare 4% stake in SBI cards via IPO
  • SBI

    11 Nov 2019 , 12:17PM SBI: As per media reports, the bank plans to raise around Rs 8,000 crore by selling a minority stake in the initial share sale of SBI Cards valuing it at ~Rs 57,000 crore – Sentimentally positive
  • State Bank of India

    31 Oct 2019 , 10:14AM SBI: Analyst Meet – key highlights
  • State Bank of India

    29 Oct 2019 , 10:55AM State Bank of India: Q2FY2020 Result update - Asset-quality performance enthuses
  • State Bank of India

    25 Oct 2019 , 2:37PM State Bank of India – Q2FY20 Result first cut: Strong Asset quality performance
  • State Bank of India

    18 Oct 2019 , 1:32PM Insurance Australia Group Ltd (IAG) has agreed to sell its entire 26% stake in SBI General Insurance to Warburg Pincus and Premji Invest for USD 432.38 Mn. Premji Invest will acquire 16% and Warburg Pincus to buy the remaining 10% - Neutral Read thru
  • State Bank of India

    9 Oct 2019 , 12:48PM State Bank of India: The SBI has cut interest rate on savings deposits with balance of upto Rs 1 lakh by 25 bps to 3.25% w.e.f November 1; cuts retail & bulk term deposit interest rates by 10 & 30 bps respectively for 1 year to less than 2 year tenor. – Positive read thru.
  • SBI drops as Morgan Stanley downgrades

    25 Sep 2019 , 11:54AM SBI falls by 5% to Rs. 288.45, after Morgan Stanley downgrade the stock to equal-weight
  • SBI to link all floating rate loans

    24 Sep 2019 , 11:41AM State Bank of India: The Bank will link all floating rate loans effective October 1 to RBI’s repo rate in order to have faster transmission of monetary policy – Neutral read thru
  • SBI drops plan to list gen insurance arm

    16 Sep 2019 , 2:44PM Lender had earlier planned IPO in FY21
  • SBI cuts lending rates across tenors

    9 Sep 2019 , 11:15AM Bank also slashes deposit rates
  • SBI's credit card business looking to raise Rs. 8000 crore via IPO

    30 Aug 2019 , 1:28PM SBI: SBI Card & Payments Services Ltd, the credit card subsidiary of State Bank of India (SBI), plans to raise about Rs 8000 cr ($1.12 billion) via an initial public offering in FY20. Roughly about an 8% stake will be divested. At the end of March 31, 2019, SBI Card, which is 74% owned by SBI and 26% by U.S private equity firm Carlyle Group (CG), had total assets worth Rs 19,593 cr rupees. – Sentimentally Positive. SBI has already indicated that it may not ask for equity infusion from the Govt. Hence, a monetisation of its subsidiary will provide support to its CRAR.
  • SBI lowers interest rate on recurring deposits

    28 Aug 2019 , 11:15AM State Bank of India: SBI has lowered the interest rate on recurring deposits (RDs) effective from 26 August 2019. SBI RD interest rates vary between 6.25%-6.70% for general public and an additional interest rate hike of 50 basis points for senior citizens. SBI recurring deposits have maturity ranging from 12 months to 120 months. – Positive read thru. Reducing cost of deposits will help the bank maintain its margins.
  • State Bank of India

    20 Aug 2019 , 11:40AM State Bank of India: As per media reports, SBI Card, in which SBI owns a 76% stake and private equity firm Carlyle owns the remaining 24%, is looking to raise Rs 1,000 crore in primary capital through the proposed IPO. The IPO will also comprise an offer for sale of up to 130.5 million shares, representing a 14% stake, owned by existing shareholders. However, the quantum of shareholding SBI and Carlyle will individually sell is not disclosed. The total IPO size is expected to be Rs 3,000-4,000 crore, valuing the firm at $2-2.5 billion. – Sentimentally Positive for SBI
  • SBI to divest its stake in an arm through IPO route

    14 Aug 2019 , 2:28PM SBI to divest its stake in SBI cards and payment services via IPO
  • SBI reduces its MCLR by 5 bps across all tenors

    10 Jul 2019 , 12:35PM State Bank of India (SBI): SBI has reduced its MCLR by 5 bps across all tenors. As a result interest rates on all loans linked to MCLR stand reduced by 5 bps w.e.f July 10, 2019 – Sentimentally Negative
  • State Bank of India cuts lending rates by 5 bps

    10 Jul 2019 , 12:06PM SBI reduces its MCLR by 5 bps across all tenors with 1 year MCLR coming down from 8.45% per annum to 8.40%
  • State+Bank+of+India+cuts+lending+rates+by+5+bps

    10 Jul 2019 , 12:13PM SBI+reduces+its+MCLR+by+5+bps+across+all+tenors+with+1+year+MCLR+coming+down+from+8.45%+per+annum+to+8.40%
  • SBI board will consider raising additional Tier 1

    27 Jun 2019 , 12:04PM State Bank of India (SBI): SBI board will consider raising additional Tier 1 (AT-1) capital via Basel-III compliant debt instruments in USD and/or INR from domestic/ international market during financial year 2020
  • SBI introduces a new home loan product linked

    10 Jun 2019 , 9:25AM State Bank of India (SBI): SBI introduced a new home loan product linked to repo rate and cuts rate for cash credit / overdraft of above Rs 1 lakh by 25 basis points to 8% - Neutral read thru
  • SBI board approves raising of fund via dollar notes

    25 Apr 2019 , 11:38AM State Bank of India (SBI): Board has approved raising up to $2.5 bn through dollar notes in FY20.
  • SBI cuts MCLR across tenors by 5 bps

    10 Apr 2019 , 11:28AM State Bank of India (SBI): Bank has cut MCLR across tenors by 5 bps. Home loan rates for up to Rs 30 lakh have been cut by 10 bps – Neutral read thru
  • SBI likely to raise fund via QIP

    9 Apr 2019 , 11:47AM State Bank of India (SBI): As per media reports, SBI is likely to raise ~ Rs 10,000-15,000crore via QIP this week. The bank has board approval to raise up to Rs 20,000crore for FY20 – Sentimentally positive
  • State Bank of India link its interest rate on savings account

    11 Mar 2019 , 10:35AM State Bank of India (SBI) has linked its interest rate on savings account (with balance above Rs 1 lakh, comprises ~33% of deposits) and short-term loans to Reserve Bank of India's (RBI) repo rate, effective 1 May 2019. This means that savings account interest rates and interest rate on a few loans will change as and when the regulator changes its repo rate. – Positive read thru
  • SBI posts strong results for Q3 FY19

    1 Feb 2019 , 2:54PM State Bank of India: Q3 FY19 Results First Cut - Strong results
  • Hitachi Payment to buy stake in SBI Payment Services

    22 Jan 2019 , 12:11PM State Bank of India: Hitachi Payment Services (HPSPL) will purchase a 26% stake in SBI Payment Services (SPS) by investing between Rs 1,250 – 1500 crore. The investment will be through a combination of subscription to new shares and purchase of SBI’s stake in the company. The deal values SPS at 5000-6000 crores. – Positve read thru
  • SBI put its entire loan to Essar Steel for sale

    17 Jan 2019 , 11:03AM State Bank of India (SBI): The lender has put its entire loan of Rs 15,431 crore to Essar Steel on sale, setting a floor price that amounts to a haircut of more than a third on the sum due and demonstrating the intent of the country’s biggest lender to get its money back at the earliest. – Sentimentally Positive. Bank can gain with writeback of provisions for the loans .
  • SBI to buy assets, mostly loans from NBFCs

    10 Oct 2018 , 12:09PM SBI: SBI to buy assets, mostly loans, worth Rs. 45000 crore from NBFCs which will provide much needed liquidity – sentimentally negative for SBI as the quality of loans acquired may be impact asset quality
  • SBI to sell 4% stake in SBI General Insurance

    27 Sep 2018 , 11:02AM State Bank of India to sell 4% stake in SBI General Insurance for Rs481 crore and has received ECCB nod for the same – positive read thru
  • SBI gets nod to sell stake

    29 Aug 2018 , 12:40PM SBI gets approval to initiate sale of up to 3.9% stake in NSE – positive read thru
  • SBI plans to sell stake in NSE

    29 Aug 2018 , 10:11AM SBI rises over 1% to Rs309, after bank plans to sell stake in the National Stock Exchange of India
  • SBI plans to divest 4% in SBI General Insurance

    28 Aug 2018 , 2:35PM SBI: Plans to divest up to 4% in SBI General Insurance via IPO.
  • State Bank of India: Q1FY19 results

    10 Aug 2018 , 2:51PM State Bank of India: Q1FY19 results – Asset quality improves
  • SBI increases fixed deposit rates

    31 May 2018 , 10:16AM Neutral read through for SBI.
  • test news

    7 May 2018 , 6:38PM test disc
  • SBI reduces penalties for non-maintenance of average monthly balance

    2 Apr 2018 , 12:33PM Negative read through considering the bank had earned Rs1700 crores for the same for the 9M FY18.
  • SBI announces reduction in charges levied on savings bank account

    14 Mar 2018 , 10:56AM Negative read through for State Bank Of India as it has announced up to 75% reduction in charges levied on savings bank account customers for not maintaining the average monthly balance (AMB) but has retained the AMB.
  • State Bank of India hikes retail term deposit rates by 10-50 BPS

    28 Feb 2018 , 12:16PM Negative read through for SBI as this will result to increase in cost of funds.
  • test sbin

    12 Feb 2018 , 5:30PM test
  • State Bank of India (SBI) has posted weak numbers for Q3FY18

    12 Feb 2018 , 4:47PM Asset quality, lower Treasury income impacts performance of SBI. We have maintained our BUY recommendation with a revised price target of Rs.350.
  • title

    9 Feb 2018 , 11:40AM short
  • SBI raises rates on bulk deposits by 50-140 points

    31 Jan 2018 , 9:38AM Positive read through for State Bank of India as SBI has significant size so the move may prompt rival lenders to increase interest rates, given tight liquidity conditions and the expected rise in loan demand.
  • Government finalizes Rs 88,000 cr PSU bank recapitalization into public sector banks

    25 Jan 2018 , 12:40PM Positive read through for public sector banks (the quantum of infusion is given below) as the move will help banks to address issue of bad loans and provide enough capital for them to support future growth in lending.
  • SBI to raise funds via bonds for affordable housing

    12 Jan 2018 , 11:45AM SBI plans to raise Rs20,000 crore through long-term bonds for affordable housing
  • State Bank of India cuts base rate by 30 BPS to 8.65%

    2 Jan 2018 , 5:15PM Neutral read through as State Bank of India cuts base rate by 30 BPS to 8.65%, 25% of the book is currently linked to base rate.
  • SEBI Board approves various norms to address key issues in BFSI space

    29 Dec 2017 , 10:53AM A sponsor of a mutual fund or its associates cannot hold more than 10% in any other asset management company or have a board seat.
  • SBI gets nod to raise fund to meet Basel III capital norms

    28 Dec 2017 , 12:09PM SBI announces that board approves raising Rs8000 crore till March 31, 2017.
  • SEBI considers to put 10% cross-shareholding cap in mutual funds

    28 Dec 2017 , 9:47AM Stock to be in focus as the new measure may have an impact on the shareholding pattern of UTI Asset Management Company (AMC).
  • SBI to increase rates on deposits effective today

    30 Nov 2017 , 8:58AM Sentimentally negative as the move reflects the relative liquidity in the system, which till recently had been in surplus zone.
  • SBI may consider listing its general insurance arm

    21 Nov 2017 , 8:59AM Positive read through for SBI as it also plans to raise Rs 2,500 crore by divesting 20% in SBI General.
  • SBI Q2 results better than expected

    13 Nov 2017 , 1:13PM State Bank of India – Q2 FY18 Result update: Healthier balance sheet, Capital Infusion are key positives
  • SBI Q2 posts good set of numbers

    10 Nov 2017 , 3:20PM State Bank of India: Q2FY18 results first cut – Improvement in asset quality is positive
  • SBI plans to raise fund via Basel-III bonds

    3 Aug 2017 , 12:54PM State Bank of India plans to raise Rs2,000 crore by allotting Basel-III compliant bonds to various investors
  • SBI nods divestment of stake in SBI Life

    11 Jul 2017 , 10:34AM SBI announces that central board approves dilution of its stake in its life insurance arm through an IPO for which it has already secured the sectoral regulatory approval

Key fundamentals

Evaluate the intrinsic value of State Bank of India stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 6179693.945 5516978.5265 4987597.4054 4534429.6312 3951393.918
Liabilities 6179693.945 5516978.5265 4987597.4054 4534429.6312 3951393.918
Equity 892.4612 892.4612 892.4612 892.4612 892.4612
Gross Profit 33452.7126 33887.3164 6106.5224 -12637.7028 -17115.4241
Net Profit 61076.6202 50232.4536 31675.9805 20410.4694 14488.1106
Cash From Operating Activities 19021.8923 -91351.8152 58415.453 89865.5392 25687.8616
NPM(%) 14.71 15.12 11.49 7.69 5.63
Revenue 415130.6555 332103.0602 275457.2904 265150.6338 257323.5922
Expenses 381677.9429 298215.7438 269350.768 277788.3366 274439.0163
ROE(%) 12.7 10.44 6.58 4.24 3.01

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
16 May 2025 15.9 1590 0 790
22 May 2024 13.7 1370 0 819.8
31 May 2023 11.3 1130 0 574.2
25 May 2022 7.1 710 0 444.65
03 Jun 2021 4 400 0 401.2
26 May 2017 2.6 260 0 308
03 Jun 2016 2.6 260 0 176.8
28 May 2015 3.5 350 0 282.45
29 May 2014 15 150 0 2282.55
11 Mar 2014 15 150 0 1550.35
28 May 2013 41.5 415 0 2293.05
20 May 2011 30 300 0 2675
0 0 0 2704.65
09 Jun 2010 20 200 0 2287.85
05 Feb 2010 10 100 0 2091.6
10 Jun 2009 29 290 0 1258.2
29 May 2008 21.5 215 0 1822.4
13 Jun 2007 14 140 0 1122.9
19 Jun 2006 14 140 0 1002.15
17 Jun 2005 12.5 125 0 649
25 Jun 2004 11 110 0 617.05
04 Jul 2003 8.5 85 0 357.55
11 Jul 2002 0 60 0 222.65
02 Jul 2001 0 50 0 226.7
0 25 0 230.5
0 25 0 196.35
0 25 0 255.9
0 40 0 243.55
0 40 0 210.15
0 40 0 340.8

Peers

Other companies within the same industry or sector that are comparable to State Bank of India

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Equitas Small Finance Bank Ltd 61.76 -4.34 47.88 87857.31 12.90 0.00
Fino Payments Bank Ltd 230.14 -4.25 20.70 6442.03 111.19 0.00
Central Bank of India 34.84 -5.35 8.01 672034.75 43.47 0.54
Kotak Mahindra Bank Ltd 2074.00 -0.52 18.64 153894.89 2225.67 0.00

Company Info

 2022-State Bank of India has successfully raised Rs. 10,000 crore for infrastructure and affordable housing.-SBI signs Rs 1,240-cr loan agreement with Germanys KfW for solar projects.-SBI has acquired 13.82% equity of existing shareholders, that Post investment, SBI will hold 100% shareholding in SBI Global Factors through subscription of 15,98,85,365 equity shares.2023-SBI 'Signing of USD 165 million World Bank Line of Credit for financing grid connected rooftop Solar PV Projects in Residential sector'.-SBI 'Signing of EURO 70 million KfW Line of Credit for Solar Projects'.-SBI 'entered into an agreement in relation to purchase of 40% stake in Commercial Indo Bank LLC (CIBL), Moscow held by Canara Bank'. 1955 - On 1st July State Bank of India was constituted under the State Bank of India Act 1955, for the purpose of taking over the undertaking and business of the Imperial Bank of India. The Imperial Bank of India was founded in 1921 under the Imperial Bank of India Act 1920. The Bank transacts general banking business of every description including, foreign exchange, merchant banking and mutual funds. 1959 - On September State Bank of India (Subsidiary Bank) Act was passed. On October State Bank of Hyderabad become the first subsidiary of SBI. 1960 - During this period, State Bank of Jaipur, State Bank of Bikaner, State Bank of Indore, State Bank of Travancore, State Bank of Mysore, State Bank Patiala and State Bank of Saurashtra became subsidiaries of the bank. 1962 - The Bhor State Bank Ltd was Amalgamated with the Bank bring the total number of minor State associated banks so amalgamated to five. A scheme for amalgamation of the Bank of Aundh Ltd., was also approved. On 20th August, the Unit Bank Ltd. Chennai was taken over by the Bank. 1963 - In october Branch in London become bankers to the Indian High Commission, thereby taking over a function till then performed by the office of RBI. Of the other business transacted by the Branch, an important aspect was medium term loans mostly to Indian shipping companies. 1969 - On November 8th the Bank of Behar Ltd was amalgamated. 1972 - A merchant banking division was set up in the central office to cater to promotional needs of the corporate sector. 1977 - During the year bank introduced the Perennial Pension Plan Scheme under which if the depositors make a regular monthly payment of a fixed amount for a period of 84 to 132 months, they become eligible from the 86th and 134th months respectively for getting a monthly pension of predetermined amount forever. In order to meet all the developmental needs of the villages including their social and cultural needs, the bank launched an integrated rural developement programme, aimed at not only covering the credit needs of agriculture and agricultural activities and village industries, but also housing and social activities. 1980 - Bank introduced the cash Certificate Scheme under which deposit certificate are issued for a fixed period on payment of the issue price specified for the respective maturity period and the face value corresponding to the issue price plus interest compounded at quarterly intervals is paid on maturity. The certificates are issued for the face value of Rs 100, Rs 1000, Rs 10,000 and Rs 50,000 maturing after 29,65,84 and 120 months. 1982 - The Non-Resident Investment Cell was set up, which had streamlined the working operations of the non-resident investment sections at important centers. 1983 - SBI launched self employment scheme, for providing self-employment to educated unemployed youth. Educated unemployed youths are encouraged to undertake self-employment ventures in industry, services and business. 1984 - The bank provide need-based rehabitation assistance to large and medium sick industrial units. 1985 - During the year, company set up a data bank of sick units available for taken over by healthy units. With effect from 26th August, the Bank of Cochin Ltd with 108 branches was also amalgamated with the Bank. (i) All shares in the Capital of the Imperial Bank of India was vested in the RBI. The SBI was registered with an Authorised capital of Rs.20 crores, and an issued and paid up capital of Rs.562,50,000 divided into 562,500 shares of Rs.100 each. (ii) Every person who on the 30th June, 1955, was registered as a holder of shares in the Imperial Bank of India was paid by the Reserve Bank of India. 44,37,500 No. of shares issued at a premium of Rs 160 per share. 1986 - At the end of the year 324 sick units with an outstanding of Rs 1069 crores were assisted. Of these, 107 units were considered viable and 60 from them were placed under regular nursing programme. On 1st August a new subsidiary named SBI Capital Market was functioning independently, took up leasing business and certain other new services. 100,00,00 No. of shares issued at a prem. of Rs 160 per share. 1987 - Up to the end of the year the bank had sponsored 30 Regional Rural Banks covering 66 backward and underbanked districts in the country. In terms of deployment, the advances portfolio of overseas offices rose to Rs 5,767 crores. Investments in inter-bank money markets and also in prime securities amounted to Rs 2,670 crores by the end of the year. 1988 - During the year bank initiated UPTECH an Industrial Technology Group to direct and guide programmes aimed at facilitating technology upgradation. Also a scheme to develop enterpreneurship among woman under the name "Stree Shakti" was launched. Several concessions in respect of margin and and rate of interest have been built into the package. Three pilot programmes were launched at Chennai, Calcutta, and Hyderabad. On 20th September, the bank inaugurated `SBINET,' an integrated communication project aimed at improving customer service, operational efficiency and administrative convenience. The network has been designed to handle voice, fax data and manages through the trunk routes and exchanges in important centres. The bank sponsored 30 RRB's covering 66 divisions in the country. 74 branches were opened raising the branch network to 2,306. 1989 - SBICAP, in their capacity as Trustee and Manager of Mutual Fund, launched two scheme viz., Mangnum Monthly Income Scheme 1989 and Magnum Tax Service Scheme 1990. During the same period SBI in association with Morgan Stanley Asset Management Inc. of USA, launched the India Magnum Fund. 1990 - New products launched during the year included a Regular Income Scheme, offering an assured return in excess of 12% and the first Pure Growth Scheme aimed at capital appreciation. A Second offshore fund of US $ 12 million called Asian Convertible and Indian Fund was launched in association with Asian Development Bank, Manila. During Kharif 1990, the bank introduced an agricultural credit card, known as SBI Green Card to give greater liquidity and flexibility to farmers in procuring agricultural inputs. The scheme was introduced on a pilot basis in 125 intensive centre branches. As at on 31st March, SBIMF had over 3,40,000 Indian investors and about Rs 475 crores by way of investible domestic funds. 50,00,000 No. of shares issued at a prem. of Rs 160 per share. 1991 - During February the bank set up a new subsidiary called the SBI Factors and Commercial Serviced Pvt. Ltd. for rendering factoring services to the industrial and commercial units in Western India. 1992 - The bank sponsored 30 RRBs with a network of 3189 offices covering 102 backward and under banked districts of the country. A sum of Rs 15.25 crores was contributed towards the share capital of the RRBs. During the period bank intoduced `Stockinvest' scheme. Also introduced a `Gyan Jyoti' that replaced earlier education loan schemes and offers substantial augmented assistance to students pursuing higher studies. Moreover dedicated NRI branches equipped with State-of-the-art technology was set up at Mumbai and Delhi to cater to the special needs of NRI residents. 1993 - During the year as a part of its overseas expansion the bank established representative office in Tashkent. During December, the bank issued 124,000,000 equity shares of Rs.10 each for cash at a premium of 90 per share of which 245,00,000 shares each were reserved for allotment on a preferential basis to Indian Financial Institutions and Indian Mutual Funds. Balance issued to the public. Simultaneously it came out with another issue of 50,00,000 12% unsecured redeemable floating rate bonds in the nature of promisory notes of the face value of 1000 each. Oversubscription upon a further amount of Rs 500 crores (in all Rs 1000 crores) was to be allowed. The face value of each bond would be redeemed at par at the expiry of 10 years from the date of allotment. In the event that the State Bank decides to exercise its option to call up the bonds they would be redeemed at the rate of 5% at the end of 5th year, at 3% at the end of 7th year and 1% at the end of 9th year. It was proposed to issue 1200,00,000 right equity shares of Rs.10 each at a premium of Rs.50 per share in the proportion of 3:5. Also another 120,00,000 equity shares of Rs.10 each were to be issued at a premium of Rs.50 per share to employees on an equitable basis. 250 sick units with the bank were referred to the BIFR including 31 public sector units. Approved rehabilitation packages being implemented in 85 units and 41 have been recommended to be wound up. The bank continued to be appointed as the operating agency and rehabilitation packages were submitted to BIFR in 48 cases. Equity shares subdivided. 1418,50,000 No. of Equity Shares of Rs. 10 each issued at a prem. of Rs 90 per share to the public. Another 1319,78,726 shares of Rs 10 each offered at a prem. of Rs 90 per share on Rights basis and to employees. 1994 - 358 sick units with the bank were referred to the BIFR including 55 public sector units. Approved rehabilitation packages implemented in 87 units. 1,80,463 No. of Shares kept in abeyance were issued. 1995 - 351 sick units with the bank were referred to the BIFR including 66 public sector units. Approved rehabilitation packages implemented in 112 units. 683 No. of shares kept in abeyance were allotted. 1996 - On 3rd October the Bank Issued 261,45,000 GDRs amounting to 5,22,90,000 equity shares. 1 GDR is issued to 2 equity shares. The issue price of GDR was US $ 14.15 per GDR. 1997 - Shares issued to employees of the bank bearing distinctive numbers 46,26,00,001 to 47,46,00,000 will not be good delivery. The rights issue was for 12 crore equity shares at a premium of Rs.50 aggregating Rs.720 crore in addition to a further issue of 1.2 crore equity shares of Rs.10 at a premium of Rs.50 aggregating Rs.72 crore for State Bank employees. The price of the rights had been Rs.60 per share. After SBI Capital Markets, Manila-based Asian Development bank will pick up 15 per cent equity stake in the new stock broking subsidiary of State Bank of India to be made operational by mid-1997. The balance 85 per cent will be subscribed to by SBI. SBI Securities Ltd the 100 per cent stockbroking subsidiary of SBI, has recently received the much-awaited letter of incorporation from the Registrar of Companies. Following this, both SBI and ADB will pick up their respective shares in the new stockbroking firm. SSL will have an equity base of Rs.50 crore. The State Bank of India has tied up with GE Capital to float a venture in Mumbai. State Bank signed the memorandum of understanding with GE Caps in March. State Bank will tie up with either VISA or Mastercard or even both for the franchise network. GE Caps through this joint venture will be imparting technology, credit card expertise and payment card mechanism. The Reserve bank of India has directed the SBI to set up a $300 million stand-by facility for the Indian oil corporation. State Bank of India (SBI) signed an agreement with the National Securities Depository Ltd (NSDL) for dematerialisation of its shares. Besides, SBI has also become an equity stake holder in NSDL to the extent of 4.76%. SBI Commercial and International Bank, has become the country's first public sector bank to introduce optical disk (OD) facilities for data storage. 1998 - State Bank of India will kick-start its credit card business on July 1 by floating two joint ventures with GE Capital. The largest financial intermediary in the country will sign the joint venture agreement with GE Caps in the last week of January. The State Bank of India on Jan 27 kicked off its foray into the payment cards business with a joint venture agreement with US-based financial services giant, General Electric Capital Corporation (GE Capital). State Bank of India (SBI) on June 24 signed an exclusive agreement with the world's largest payment system - Visa International - for payment cards in India. The agreement was signed in Mumbai between the SBI managing director, Mr O P Sethia, and the general manager and executive vice president (South East Asia) of Visa, Mr James G Murray. 1999 - State Bank of India (SBI) has bagged the mandate to syndicate the $ 120 million loan for the National Thermal Power Corporation (NTPC). The State Bank of India (SBI) proposes to take up the life insurance and general insurance business once the sector is opened up. State Bank of India has tied up with its associate banks to market the SBI Card. The SBI has tied up with State Bank of Patiala in Chandigarh and State Bank of Mysore in Bangalore to help market its credit card. SBI proposes to introduce a value-added service for cardholders whereby the credit card can also be used as an ATM card. The State Bank of India will tie up with international investment banker Credit SuisseFirst Boston and three domestic public sector banks to form a gold assaying venture. The State Bank of India (SBI) has decided to take over SBI Home Finance (SBIHF), with its assets and liabilities. Having the largest stake, SBI has been weighing various options for bailing out the joint venture company which has slipped into huge losses. The State Bank of India (SBI) has signed up with Central Depository Services (I) (CDSIL) for the dematerialisation of its shares. SBI shares have already been admitted as security with National Securities Depository (NSDL). Besides, SBI also has a stake (Rs 10 cr) in the equity of CSDL. According to an agreement entered into with the development bank, State Bank of India (SBI) was to reduce its stake in its investment banking subsidiary to below 50 per cent by March 31. The State Bank of India (SBI) has entered into an agreement with Moody's Investor Service and Icra, under which SBI will pick up Moody's 11 per cent stake in Icra in case the global rating firm wants to get out of its investment in India. State Bank of India (SBI) has taken the lead in `convenience banking' by becoming the first public sector bank to offer its `savings bank' account holders the benefits of fixed deposits (higher interest rates) and current accounts (overdraft facility). 2000 - The Bank has embarked upon the expansion of its ATM network in the twin cities of Hyderabad and Secunderfabad. The Bank has become the first government owned financial institution to join the rank of companies declaring interim dividend. The Bank has proposed to come out with an issue under private placement of unsecured, non-convertible, subordinated bonds in the nature of promissory notes of Rs 1 lakh each aggregating Rs 600 crores with an option to retain oversubscription of up to Rs 40 crores. The Bank launched the "Metal (Gold) Loan Scheme" in Coimbatore. This is the third scheme to be introduced by SBI. SBI is also forming a subsidiary - SBI Gold and Precious Metals Pvt. Ltd. with 50 per cent equity participation. Mr. Vepa Kamesam, Deputy Managing Director, has been appointed as Managing Director with effect from 1st June. SBI board cleared the setting up of a separate subsidiary for information technology. KC Raut has recently taken charge as general manager at State Bank of India, Chennai. The Bank has become the first public sector bank to offer fixed-rate home loans. The State Bank of India has tied up with State Bank of Mysore to launch co-branded credit cards as part its strategy to collaborate with associate banks to expand its cardholder base. Central Depository Services (India) Ltd has signed an agreement with State Bank of India as its Depository participant. State Bank of India and the Exim Bank of the US have signed amemorandum of understanding, involving $500 million, to support the small and medium-sized ndian companies to purchase US goods and services. Mr. Suresh Kumar Mehra, Workmen Directors, ceased to be a member of the Central Board of the bank effect from October 1, due to his retirement at the close of the business on September 30. The Bank has launched an international credit cards for doctors, the frist of its kind in the country, offering facilities including special discounts on medical equipment and personal loans from GE countrywide. The State Bank of India has introduced a new scheme to boost exports. The CRISIL has assigned a triple-A (AAA) rating to the State Bank of India's Rs 3,000 crore bonds programme. The Bank have decided to close down its fully-owned foreign subsidiary - SBI European Bank Ltd., in London. Mr. S. Mukerji, Managing Director, of the bank retired from the bank on 30th of November. State Bank of India Mutual Fund has launched the Magnum Gilt Fund, dedicated to investing in government securities. 2001 - The Bank has signed an MoU with Cardif S.A. for the bank's life insurance business. The Bank has introduced Voluntary Retirement Scheme for eligible employees, open from the 15th January 2001 to the 31st January 2001. The Bank has incorporated a subsidiary `SBI Life Insurance Company Ltd.,' for doing life insurance business. The Bank will install 10 more Automated Teller Machines in the north-eastern region in addition to the one already commissioned at Guwahati. State Bank of India launched three more ATMs i n Bangalore. Mr Y Radhakrishnan has been promoted to the post of managing director of State Bank of India. SBI Cards has set up a special insurance cell in Ahmedabad for facilitating the claims of SBI cardholders affected by the tragic earthquake in Gujarat. SBI has assigned the Delhi-based HCL Com Net to provide it ATM teller inter-connectivity which could involve investments running into several hundred crores. SBI chief general manager Madhav M Mehta, who is currently the operational head in Gujarat, has been transferred to its corporate office in Mumbai as chief general manager (CGM). July 3- Announces the launch of the SBI International card and the SBI Global Card for global travelers in India. SBI International cards and SBI Gold Cards would be accepted at over 20 million Visa outlets worldwide and one lakh outlets in India. State Bank of India has embarked upon an ambitious Rs 800-crore technology upgradation programme. The bank has appointed KPMG, a consultant in computer technology, to provide inter connectivity networking to the computerised branches and also to the ATMs across the country enabling its customers to transact any kind of business from anywhere State Bank of India was presented the award for JD Power Asia Pacific's 2001 India Sales Satisfaction Index (SSI) and Consumer Financing Satisfaction (CFS) State Bank of India has added three more ATMs to its network. The new ATMs were installed at SBI's Andheri (west),Goregaon (east),and Borivili (east) branches on September 22 State Bank Of India (SBI) has informed BSE that Shri K.J.Udeshi, ED, RBI has been nominated on the Central Board of the Bank as nominee of RBI in place of Dr.Y.V.Reddy, w.e.f. September 22, 2001 under Sec.19(f) of SBI Act. State Bank of India has slashed the interest rate on home loans by 0.5 per cent to 12 per cent, effective from September 15. IN A significant move, the State Bank of India has decided to distance itself from its subsidiaries - SBI Capital Markets, SBI Gilts, SBI AMC and State Bank of Credit and Commerce International. They will have the autonomy, independent chairmen and external executives at the senior management level at market-related salaries. At present, the SBI chairman is the ex-officio chairperson of all the subsidiaries, including the associate banks. The new scheme will be aimed only at the award staff, a category that was included with officers in the January 2001 voluntary retirement scheme. SBI Cards on July 3, announced the launch of the SBI International card and the SBI Global Card for global travelers in India. - VRS implemented in which around 21,000 employees, including officers, were permitted to retire - The Bank has crossed another milestone by making a successful foray into insurance. SBI is the only Bank to have been permitted a 74% stake in the insurance business. The Bank's insurance subsidiary, SBI Life Insurance Company, a joint venture with the Bank holding 74% and Cardif S.A., the Joint venture partner, the balance 26%, was incorporated to undertake life insurance and pension business. Cardif S.A. is a wholly-owned subsidiary of BNP-Paribas, which is the largest bank in France and one of the top ten banks in the world. Cardif S.A. is the largest bancassurance company in France. - The bank's efforts to establish a world -class credit information bureau in India culminated in the successful setting up of the Credit Information Bureau (India) Ltd., a joint venture of the Bank with HDFC Ltd., Dun and Bradstreet Information Services India Pvt. Ltd. and Trans Union International Inc. 2002 - In order to reduce risk and develop a transparent and active debt market in general and government securities market in particular, the Clearing Corporation of India Ltd. has been set up in Mumbai with the Bank as the chief promoter. -E K Thakur resigns from Directorship of SBI. -TCS bags order of Rs 500 crore from SBI. -SBI has informed that the following change in Directors. 1. Shri A C Kalita, Director on the Bank's Central Board ceased to be a Director on the Board wef May 13, 2002 on expiry of his term on May 12, 2002.2. Shri Y Radhakrishnan Managing Director & GE (CB) has relinquished office of the Managing Director as on June 30, 2002 and ceased to be Director on the Board wef July 01, 2002. -State Bank of India has informed BSE that Mr D C Gupta IAS Secretary (Financial Sector), Ministry of Finance, Department of Economic Affairs, New Delhi has been nominated as Director on the Board of State Bank of India with effect from July 17, 2002 vice Mr S K Purkayastha. -State Bank of India has informed BSE that Mr S Govindarajan, Managing Director & GE (NB) has relinquished office of the Managing Director as on July 31, 2002 and ceased to be Director on the Board w e f August 01, 2002.Further Mr P R Khanna, Director on the Bank's Central Board ceased to be a Director on the Board w e f August 20, 2002 consequent upon his resignation. -State Bank of India has informed BSE that the Bank has decided to close SBI Securities Ltd (SBISL), a subsidiary of the Bank, following a Directive in this regard from the RBI. -State Bank of India has informed that the Central Government appointed Mr A K Batra, Deputy Managing Director, State Bank of India as Managing Director, State Bank of India for the period from the date of his taking charge and upto August 31, 2003. Also, Mr P N Venkatachalam, Deputy Managing Director, State Bank of India, has been appointed as Managing Director, State Bank of India for the period from the date of his taking charge and upto March 31, 2004. -State Bank Of India has informed that Shri Prithvi Raj Khanna and Shri Kumar Bery have been duly elected as Directors under Section 19(c) of SBI Act at the General Meeting of the -State Bank of India has informed that it has appointed Mr Ananta Chandra Kalita, as a Director on the Central Board of the Bank from amongst the employees of the Bank, who are workmen, for a period not exceeding six months commencing from October 03, 2002 or until his successor is appointed or till he ceases to be workmen employee of State Bank of India, or until further orders, whichever event occurs earlier.shareholders of the bank held on September 09, 2002. -State Bank of India has informed BSE that Shri Janki Ballabh, Chairman has relinquished office of Chairman at the close of business hours on his attaining superannuation on October 31, 2002. -State Bank of India has informed that Smt Vineeta Rai, Secretary (Banking & Insurance), Ministry of Finance and Company Affairs, Department of Economic Affairs (Banking Division), New Delhi has been nominated as Director of the Board with effect from October 30, 2002. -State Bank of India has informed that the Central Government, after consultation with the Reserve Bank of India, appointed Shri A K Purwar, Deputy Managing Director, State Bank as Chairman, State Bank of India from the date of his taking charge of the post and upto May 31, 2003 i.e. date of his superannuation or until further orders whichever is earlier. Shri A K Purwar assumed the charge of Chairman, State Bank of India, on November 13, 2002. 2003- State Bank of India (SBI) and Maruti Udyog Ltd have announced a joint initiative aimed at making car finance affordable to middle and lower middle class customers. Customers will now have transparent car finance involving no hidden charges and pre-closure penalties, and also get the dealers' margins, Mr S.K. Bhattacharya, Chief General Manager, SBI, told newspersons. "It will help both the bank and Maruti to aggressively tap the Andhra Pradesh market," he said. SBI offers finance facility even for lifetime tax, insurance and accessories of the vehicle. - State Bank of India has informed that the Bank has appointed Shri Ananta Chandra Kalita, Head Assistant, State Bank of India as a Director on the Central Board of the Bank amongst the employees of the Bank, who are workmen for a period of 3 years commencing from July 15, 2003 or until he ceases to be a workmen employee of the Bank or until further orders, whichever is earlier provided that he shall not hold the office continously for a period exceeding six year. - SBI group's total profit identified at Rs 3,354 cr in '02 - Mr. D C Gupta nominated as Director on the Board of SBI - SBI introduces IT upgradation plan with KPMG help - SBI Cards and Payment Services Private Ltd, the credit card subsidiary of the State Bank of India, introduces two new schemes recently- SBI Advantage Card to the bank's fixed deposit customers and SBI International Card for its home loan borrowers - Launches a new credit appraisal system targeting the small and medium enterprises (SME) for loans up to Rs 25 lakh - SBI selects TCS to execute trade finance solution - SBI and ICICI Bank among the top 100 banks in Asia in 2001 as per the study by Asian Banker Journal - Introduces SBI Cash Plus, its Maestro Debit Card that allows customers to access their deposit accounts from ATMs and merchant establishments 2003 - Promotes three Chief General Managers (CGM) to the posts of Deputy Managing Directors (DMDs). They are: A D Kalmankar, CGM in charge of Staff College of Hyderabad, A K Das, CGM, Hyderabad; and R K Sinha, CGM, Chandigarh - SBI appoints Mr. S K Bhattacharya as the new Chief General Manager for Hyderabad circle - Increases its equity stake in Discount and Finance House of India Ltd (DFHIL) to 51% - Ties up with Maruti Udyog Ltd. (MUL) for car finance - Receives permission from Insurance Regulatory and Development Authority (IRDA) to sell healthcare products to individuals - Increases its Equity Stake in DFHIL to 55.30% - Starts new 'Plus schemes' loans such as Justice Plus intended for the judges and court employees, Police Plus for the police personnel, Teacher Plus for the teaching community and Doctor Plus for the medical practitioners - Receives RBI licence to set up offshore banking units (OBUs) in special economic zones (SEZs) - Launches SBI Bangalore card meant for a broad-based target audience in the 25 plus age group ranging from upwardly mobile professionals and middle class segments - SBI unveils Hyderabad card, an exclusive initiative for the citizens of Hyderabad - Ananta Chandra Kalita ceases to be a Director of SBI - Christens the tieup with Maruti Udyog Ltd. as SBI-Maruti Finance - Orders For 1,500 ATMs With NCR Corporation - Orange, the cellular service operator of the Hutch group for the Mumbai circle, ties up with State Bank of India for prepaid card refill options - Ropes in US-based consultant McKinsey & Co to undertake Business Process Re-engineering (BPR) exercise for the bank - Launches charter for Small Scale Industries (SSIs) - NPA (Non Performing Assets) slashed to 4.5 pc, writes off Rs 4,000 crore worth of assets - Forays into stock market - Stock price crosses the Rs 400 mark for the first time since listing on BSE - Mr. A K Batra, Managing Director & Group Executive (Corporate Banking) of the Bank ceases to be a Director on the Board with effect from July 8, 2003 - Plans a new scheme to attract Resurgent India Bonds (RIB) - N S Sisodia, Secretary (Banking & Insurance), Ministry of Finance and Company Affairs, Department of Economic Affairs (Banking Division), has been nominated as a Director on the Board of State Bank of India w.e.f. July 11, 2003 - Mr. Ananta Chandra Kalita, Head Assistant, State Bank of India, appointed as a Director on the Central Board of the Bank amongst the employees of the Bank - Inks two important agreements with its employees' unions and officers' associations. According to the contract SBI's staff will be having no rights to interfere in bank's computerisation plans - SBI, AirTel launch mobility service at Rs 299 - Central government nominates Mr. Arun Singh as a director on the board of the bank wef July 25, 2003 for a period of three years. - State Bank of India along with ANZ Investment Bank have consummated 5 year syndicate loan facility of $100 million to Indian Petrochemicals Corporation (IPCL) - Opens cheque clearing cente at Kolkata - Inks pact with Mahindra & Mahindra (M&M) for co-branded tractor scheme SBI-Mahindra Tractor Plus - Joins hands with Tractors and Farm Equipment Ltd (TAFE) for tractor loans - Launches insurance scheme in Kerala - Unveils new retail bank loan product Credit Khazana, which targets the bank's housing loan account holders - Unveils online ticket reservation system 'e-Rail' - Reserve Bank of India nominates Dr Rakesh Mohan, Deputy Governor, RBI, on the Central Board of the bank - Appoints Mr C. Narasimhan as the Chief General Manager of the SBI's Kerala Circle -Unveils Credit Khazana, retail bank loan product, to target the bank's housing loan account holders - MRO-TEK Ltd has secured State Bank of India's order of Rs 15-crore to provide networking solutions of 2Mbps and 64 Kbps high-end leased line modems for SBI to connect more than 800 branches across the country. -SBI joins hands with LIC to dentify long-term investment proposals for LIC -Tied with bajaj Auto to finance its two wheelers. -SBI granted Rs 125-cr loan to Nethaji Apparel park to set up units and buy machinery for the first batch of 54 garment plants in the 65-acre special apparel park. -The bank has tied up with TVS motor company to finance two wheeler loans -Tied up with apollo hospital enterprise to finance for the hospital treatement. -The company launched mobile pre-paid cards recharge facility at its ATM's -Tied up with ICICI Bank and HDFC for sharing ATM networks 2003-Bank has entered into MOU with both ICICI Bank and HDFC Bank for sharing Bank's ATM Network with them on bilateral terms. -The Central Government after consultation with the Reserve Bank of India, appointed Shri Chandan Bhattacharya, Deputy Managing Director State Bank Of India as Managing Director State Bank Of India for the period from December 17, 2003 to January 31, 2005. -The State Bank of India has announced a special package to BSNL employees by allowing concessional interest rates for different types of loans to be availed by the BSNL staff. 2004 -Former KCCI President nominated to SBI Bangalore Local Board -State Bank Of India has informed that Reserve Bank of India has nominated Shri A V Sardesai, Executive Director, Reserve Bank of India on the Central Board of State Bank of India vice Dr. Rakesh Mohan. -SBI sets up ATM counter in Ernakulam -Bahrain Monetary Agency (BMA) grants in-principle licence to Statte Bank of India (SBI) -SBI sets up India's first drive-in ATM in Hyderabad -State Bank of India has entered into an alliance with HDFC Bank for sharing ATM networks to be operationalised from February 3, this year. 2004 -SBI unveils new branch in Manjeri -Bank awarded special prize for lending to self help group run by women -SBI unveils floating ATM -State Bank of India appointed six new Deputy Managing Directors on February 11, 2004. The new DMDs are: Mr T.S. Bhattacharya, CGM, Product Development and Marketing, Mr M.M.Lateef, Managing Director, SBI Gilts, Mr Yogesh Agarwal, CGM, Chandigarh, Mr Krishnamurthy, CGM, Madras LHO and Mr R.Ramanathan, CGM, Technology and Mr Vijay Anand, CGM, Corporate Account group. These top level appointments follow the appointment of the new Managing Director for the bank, Mr Chandan Bhattacharya, in December. -GAIL ties up SBI for e-banking system -SBI join hands with Visa for travel card -SBI enters into ATM sharing agreements with UTI Bank & HDFC Bank -Signs a Memorandum of Understanding (MoU) under which the bank will provide term loans to farmers for purchasing capital inputs from Jain Irrigation Systems Ltd (JISL) -Join hands with Siemens for financing the medical equipments sold by Siemens -Joins hands with VST Tillers to launch SBI-VST Shakti, a new loan scheme for farm mechanisation programme -Unveils Vishwa Yatra foreign travel card, a prepaid card which offers the traveller a convenient and secure way to carry cash -Ties up with Same Deutz-Fahr India for tractor financing -In ally with Sikkim govt to beef up SMEs -The government has chosen State Bank of India (SBI) for channelising government credit to other countries which runs into billions of dollar -SBI opens MICR cheque processing center -Signs MoU with HMT Ltd. for financing their tractors -State Bank of India deploys Flexcube as core banking solution at Frankfurt -Mr Ashok K. Kini appointed as new Managing Director of State Bank of India with effect from April 1, 2004 to December 31, 2005 -SBI unveils Foreign Travel card in Orissa -ICICI Bank, SBI, LIC in pact for Rs 20,000-cr projects -Reliance Info in ATM pact with SBI -State Bank of India, Bangalore Circle, has announced its tie-up with New India Assurance Company Ltd (NIAC), for distribution of NIAC's general insurance products in Karnataka - SBI unveils new credit card in Ahmedabad -State Bank of India joined the billion dollar club -THE State Bank of India opened its 236th branch in the State at Tripunithura on June 16 -SBI inaugurates first Internet shoppe in Kochi -State Bank of India has opened a fully computerised branch at Karunagappally in Kollam district -L&T-John Deere Private Ltd has signed a memorandum of understanding (MoU) with State Bank of India for tractor finance -Buys 10% stake in Multi Commodity Exchange of India Ltd. (MCDEX) for Rs 2.1 crore -SBI join hands with Hero Honda to unveil co-branded credit card -State Bank of India launched its first mobile ATM for increasing the banking convenience of its customers -State Bank of India has signed a Memorandum Of Understanding (MOU) with the Societe Generale Asset Management of France (SGAM) for inducting Societe Generale Asset Management as a stake holding partner for SBI's mutual fund arm, SBI Fund Management Private Ltd (SBIFMPL) -State Bank of India, (SBI) with a view to expand the ambit of its educational loan schemes, has unveiled a unique educational loan scheme, christened "Nursing Plus," for the nursing students of the country -SBI forges alliance with Hero Honda -SBI offers new scheme`School Plus' for schools -SBI Card has launched 'Instant Card' offering customers in need of instant credit opportunity. With this, the customers will get an opportunity to get ready to use credit card within a few hours of filing in their application form -SBI selects Finacle for international ops -SBI enters ATM tie up with Andhra Bank -SBI join hands with LIC for funding infrastructure projects -Tata Motors on December 7, 2004, signs an MoU with State Bank of India (SBI) -SBI partners with Eicher Motors on December 27, 2004 2005 -Raj Travels joins hands with SBI for travel loans -SBI opens branch at Vadakara -SBI join hands with Apollo Health to offer loans -SBI rolls out new loan scheme -SBI opens first branch in Lakshadweep island of Kavaratti -SBI enters into agreement for bilateral sharing of ATMs with PNB on May 10, 2005 -SBI signs MOU with Corporation Bank for ATM sharing -State Bank of India and 8 associate banks have entered into an agreement with Bharat Petroleum Corporation Ltd (BPCL) for enhancing card usage at fuel stations -SBI launches new mortgage loan scheme for traders -SBI launches SBI card in Madurai -SBI inaugurates RBO in Thrissur -SBI signed a memorandum of understanding with Small Industries Development Bank of India for co-financing small and medium enterprises in Andhra Pradesh, Tamil Nadu, Uttar Pradesh, Jammu & Kashmir, Jharkhand, Delhi and Bihar -State Bank of India and Crisil have signed a memorandum of understanding under which latter will assign ratings to small-scale industries that are borrowers of SBI -NSIC join hands with SBI to offer credit to SSI 2006 -SBI teams up with Nihilent to unveil feedback system -Bhatt to become SBI's new MD -State Bank of India (SBI) has informed that Shri. Yogesh Agarwal has been appointed as Managing Director on the Board of the Bank with effect from October 10, 2006 to the June 30, 2010 2007 -State Bank of India (SBI) has appointed Shri. S K Bhattacharya as Managing Director on the Board of the Bank with effect from October 08, 2007 to the October 31, 2010, as per the Notification dated October 08, 2007, by the Government of India. - The State Bank of India (SBI) has become the first foreign bank to set up a branch in the Israel's diamond exchange. Besides diamonds, they also see huge potential in telecommunications, hi-tech, chemicals, textiles, agriculture and water management, food processing, pharma and health care. 2008 -State Bank of India (SBI) has informed that the Government of India in pursuance of clause (e) of Section 19 of the State Bank of India Act, 1955 (23 of 1955) has nominated Shri. Arun Ramanathan, Secretary, Ministry of Finance, Department of Financial Services, New Delhi as a Director on the Central Board of State Bank of India with effect from January 18, 2008, vice Shri. Vinod Rai. -State Bank of India (SBI) has informed that the Central Government, in consultation with the Reserve Bank of India and in pursuance of clause (d) of Section 19 of the State Bank of India Act, 1955 (23 of 1955), has nominated Dr. (Mrs.) Vasantha Bharucha as a part-time non-official Director on the Central Board of State Bank of India for a period of three years with effect from February 25, 2008, vice Shri Piyush Goel. - State Bank of India (SBI) has informed that the Central Government, in consultation with the Reserve Bank of India and in pursuance of clause (d) of Section 19 of the State Bank of India Act, 1955 (23 of 1955), has nominated Dr. Rajiv Kumar as part-time non-official director on the Central Board of Directors of State Bank of India for a period of three years with effect from September 08, 2008 or until further orders, whichever is earlier. - State Bank of India (SBI) has signed a Joint Venture Agreement with Insurance Australia Group to form a Joint Venture Company which will be engaged in General Insurance business in India. - State Bank of India has rolled out a micro insurance scheme 'Grameen Shakti', for its Self Help Group (SHG) members. The product was launched on Nov 26 at the Tamil Nadu Agricultural University. The bank is hopeful to cover at least five lakh SHG members by December 31. -The company has issued rights in the ratio of 1:5 at a premium of Rs.1580/- Per Share. -State Bank of India Issues Rights in the Ratio of 1:5 2009 - State Bank of India yesterday slashed its benchmark lending rate by half a percentage point to 11.75 per cent. The Benchmark Prime Lending Rate (BPLR) was revised down by 50 basis points with effect from June 29, SBI informed the Bombay Stock Exchange. This move would benefit home, car and corporate loan customers - State Bank of India on June 30 launched two new home loan products called as SBI Easy Home Loan and SBI Advantage Home Loan, with zero processing fees for both waived off till September 30. While SBI Easy Home is for loans amount up to Rs 30-lakh while the SBI Advantage Home is for loans above Rs 30-lakh, a press release issued here said. - State Bank of India, entered into an agreement with the government of Gujarat to create a fund of Rs 5,000 crore for investing in equity of infrastructure projects. 2010 - State Bank of India, with a debit card base of over 70 million, comprising SBI Cash Plus, SBI Gold Debit Card and SBI Yuva Card, has added chip and PIN-based Platinum Debit Card to its bouquet on March 26. - Mr Arun Kumar Agarwal has taken over charge as General Manager at State Bank of India, Kerala Circle. Until now, he has been General Manager at the Lucknow Circle of the bank. Mr Agarwal is Certified Associate of Indian Institute of Bankers and joined State Bank of India as a Probationary Officer in 1977. An expert in credit and foreign exchange, he has held several assignments ranging from Branch Manager to Regional Manager in the Patna and Delhi circles. He also served in the bank's foreign department at Kolkata handling investment of the FCNB portfolio, derivatives and correspondent relations. He has headed the Pune Module of the bank and has also served as the Deputy General Manager and Business Head for Network-1 of the Mumbai Circle. - State Bank of India (SBI) has signed a pact with Unique Identification Authority of India (UIDAI) to work as a registrar for the UID registration of residents. It has become the first bank to take up registration work for the UIDAI project. As a registrar, SBI will capture through empanelled enrolment agencies, the biometric characters such as finger prints, iris and so on and send the information to UIDAI. - Stata Bank of India (SBI) has come up with an exclusive branch in Hyderabad, for their ultra high networth individual (HNIs) which is by far is first of its kind in the country. - State Bank of India acquired State Bank of Indore. - SBI - Joint Venture agreement with State General Reserve Fund (SGRF), Sultanate of Oman - State Bank of India has consortium of Elavon Incorporation, USA and Visa International, USA as its Joint Venture (JV) Partner for Merchant Acquiring Business. - State Bank of India launched a special concessional banking scheme for the Air Force personnel. - State Bank of India (SBI) has signed an agreement with Unique Identification Authority of India (UIDAI) in order to work as a registrar for the UID registration of residents. 2011 - State Bank of India, with a debit card base of over 70 million, comprising SBI Cash Plus, SBI Gold Debit Card and SBI Yuva Card, has added chip and PIN-based Platinum Debit Card to its bouquet on March 26. - Witnessed a joint venture between the nation's largest lender, State Bank of India and the telecom lead, Bharti Airtel with an aim to provide the banking services amongst the unbanked population of the country. - SBI - Acquisition of SBICI Bank - State Bank of India shifted from Varma Chambers, Fort, Mumbai to the following address with effect from September 28, 2011.Shares & Bonds Dept., State Bank of India,Corporate Centre,8th Floor, State Bank Bhavan, Madam Cama Road, Mumbai - 400 021Telephone nos.: 022-22740841-48 (eight lines) Fax number(s): 022-22855348. - P Choudhary has been appointed as the new chairman of State Bank of India after getting clearance from the government. - Experian Credit Information Company of India Private Limited, the first CICRA licensed credit bureau in India on September 23, 2011 said it has signed a membership agreement with State Bank of India (SBI), the largest consumer lender in India to contribute data to Experian's credit bureau and enhance the effectiveness of company's range of products and services. 2012 - State Bank of India signed a Preliminary Non-Binding Memorandum of Understanding with Russian Direct Investment Fund (RDIF), to facilitate advancing bilateral economic cooperation and trade between Russia and India aimed at exploring investment opportunities in both the countries. - India's largest public sector lender, State Bank of India (SBI) has entered into an agreement with StarAgri Warehousing Ltd (StarAgri), India's leading agri-services & solutions provider, for Warehousing Receipt Financing and Collateral Management Services. - SBI launched virtual debit cards to check online fraud and promote ecommerce - SBI, ICICI Bank leading m-banking revolution in India. With the advent of smartphones and 3G services, the Mobile Banking (m-Banking) services have been fast catching up with Indian customers for conducting balance inquiries, account transactions, utility payments, and other banking activities using a mobile handset - India's largest lender State Bank of India (SBI) has been planning to cut the processing and conversion fee for home loans to leverage the approaching festival season when Indians usually spur buying as businesses offer healthy discounts. 2013 - India's leading Public Sector lender the State Bank of India (SBI) is stepping up efforts to expand its presence in the world's second biggest economy with the lender set to launch its second branch in China. -SBI Issue of 5 year Bonds -SBI inaugurates 2nd branch in Tianjin and China -SBI to launch 100 branches in AP -SBI introduces smart pre-paid card for students, blue collar workers -AMW Motors collaborates with SBI to finance sale of vehicles -SBI launches 10 branches in Raebareli 2014 -SBI announces 150% interim dividend -State Bank of In-dia launches new digital Online and self-service banking solutions with support from Accenture -State Bank of India unveils 6 digital branches -SBI launches Tech Learning Centres (TLCs) for customers -State Bank of India has splits its face value from Rs 10/- to 1/- 2015 -State Bank of India has launched a RuPay Platinum debit card in association with National Payment Corporation of India (NPCI) -SBI builds foundation for group CSR activities -SBI introduces online facility for overdraft against FDs -SBI partners with Amazon -SBI entered into a MoU with PayPal, an American online money transfer services provider firm, for facilitating cross-border transactions - State Bank of India said it has launched SBI eforex -SBI launched an initiative to provide doorstep services and expedite home loans application process -State Bank of India jointly launched a cyber crime awareness campaign 2016 -SBI opens first branch in South Korea. -SBI launches new home loan plan for executives. -SBI cuts home loan interest rate to 9.45 pct. -Govt asks SBI to merge five associate banks. -SBI launches mVisa. -SBI launches debit card-less instant money transfer facility. -SBI gets deposits of Rs 83,702 cr in five daysfollowing the governments decision to demonetise the old Rs 500 and Rs 1,000 notes, reported PTI. -SBI in talks with Microsoft to push digital banking in rural areas. 2017 -SBI Acquired State Bank of Travancore,State Bank of Patiala , State Bank of Hyderabad, State Bank of Bikaner & Jaipur ,State Bank of Mysore. -SBI acquired Bhartiya Mahila Bank (BMB). -SBI becomes lead bank for new district Kalimpong, West Bengal. -SBI, BPCL launch co-branded credit card -SBI creates wholly-owned subsidiary to manage real estate - SBI received Golden Peacock Award For Excellence In Corporate Governance - State Bank of India Inaugurates the Bank of Bombay Heritage Gallery `Down Memory Lane' - SBI launches its own generic Top Level Domain with its website "bank.sbi" -SBI signs $274 mln agreement with German Development Bank KfW to finance affordable housing 2018 -SBI launches Global NRI Centre in Kochi. -SBI launches digital transaction initiative MOPAD. -SBI ranked as India's most patriotic brand. 2019 --SBI becomes first Indian bank to have office in Australia's Victoria. -SBI Card launches contactless mobile phone payments facility. -SBI has launched its digital banking app YONO in the UK, marking its global launch. 2020 - SBI wins three awards at Digixx 2020 Virtual Summit. -State Bank Bhavan awarded the Performance Challenge Award 2020 by Indian Green Building Council (IGBC). 2021 - SBI Recognised As Iconic Brand Of India 2021 By The Economic Times. 2023 - 'Signing of USD 165 million World Bank Line of Credit for financing grid connected rooftop Solar PV Projects in Residential sector'. 2024 -Signing of EURO 150 million KfW Line of Credit for financing Climate Friendly Energy Generation Projects.

 2022-State Bank of India has successfully raised Rs. 10,000 crore for infrastructure and affordable housing.-SBI signs Rs 1,240-cr loan agreement with Germanys KfW for solar projects.-SBI has acquired 13.82% equity of existing shareholders, that Post investment, SBI will hold 100% shareholding in SBI Global Factors through subscription of 15,98,85,365 equity shares.2023-SBI 'Signing of USD 165 million World Bank Line of Credit for financing grid connected rooftop Solar PV Projects in Residential sector'.-SBI 'Signing of EURO 70 million KfW Line of Credit for Solar Projects'.-SBI 'entered into an agreement in relation to purchase of 40% stake in Commercial Indo Bank LLC (CIBL), Moscow held by Canara Bank'. 1955 - On 1st July State Bank of India was constituted under the State Bank of India Act 1955, for the purpose of taking over the undertaking and business of the Imperial Bank of India. The Imperial Bank of India was founded in 1921 under the Imperial Bank of India Act 1920. The Bank transacts general banking business of every description including, foreign exchange, merchant banking and mutual funds. 1959 - On September State Bank of India (Subsidiary Bank) Act was passed. On October State Bank of Hyderabad become the first subsidiary of SBI. 1960 - During this period, State Bank of Jaipur, State Bank of Bikaner, State Bank of Indore, State Bank of Travancore, State Bank of Mysore, State Bank Patiala and State Bank of Saurashtra became subsidiaries of the bank. 1962 - The Bhor State Bank Ltd was Amalgamated with the Bank bring the total number of minor State associated banks so amalgamated to five. A scheme for amalgamation of the Bank of Aundh Ltd., was also approved. On 20th August, the Unit Bank Ltd. Chennai was taken over by the Bank. 1963 - In october Branch in London become bankers to the Indian High Commission, thereby taking over a function till then performed by the office of RBI. Of the other business transacted by the Branch, an important aspect was medium term loans mostly to Indian shipping companies. 1969 - On November 8th the Bank of Behar Ltd was amalgamated. 1972 - A merchant banking division was set up in the central office to cater to promotional needs of the corporate sector. 1977 - During the year bank introduced the Perennial Pension Plan Scheme under which if the depositors make a regular monthly payment of a fixed amount for a period of 84 to 132 months, they become eligible from the 86th and 134th months respectively for getting a monthly pension of predetermined amount forever. In order to meet all the developmental needs of the villages including their social and cultural needs, the bank launched an integrated rural developement programme, aimed at not only covering the credit needs of agriculture and agricultural activities and village industries, but also housing and social activities. 1980 - Bank introduced the cash Certificate Scheme under which deposit certificate are issued for a fixed period on payment of the issue price specified for the respective maturity period and the face value corresponding to the issue price plus interest compounded at quarterly intervals is paid on maturity. The certificates are issued for the face value of Rs 100, Rs 1000, Rs 10,000 and Rs 50,000 maturing after 29,65,84 and 120 months. 1982 - The Non-Resident Investment Cell was set up, which had streamlined the working operations of the non-resident investment sections at important centers. 1983 - SBI launched self employment scheme, for providing self-employment to educated unemployed youth. Educated unemployed youths are encouraged to undertake self-employment ventures in industry, services and business. 1984 - The bank provide need-based rehabitation assistance to large and medium sick industrial units. 1985 - During the year, company set up a data bank of sick units available for taken over by healthy units. With effect from 26th August, the Bank of Cochin Ltd with 108 branches was also amalgamated with the Bank. (i) All shares in the Capital of the Imperial Bank of India was vested in the RBI. The SBI was registered with an Authorised capital of Rs.20 crores, and an issued and paid up capital of Rs.562,50,000 divided into 562,500 shares of Rs.100 each. (ii) Every person who on the 30th June, 1955, was registered as a holder of shares in the Imperial Bank of India was paid by the Reserve Bank of India. 44,37,500 No. of shares issued at a premium of Rs 160 per share. 1986 - At the end of the year 324 sick units with an outstanding of Rs 1069 crores were assisted. Of these, 107 units were considered viable and 60 from them were placed under regular nursing programme. On 1st August a new subsidiary named SBI Capital Market was functioning independently, took up leasing business and certain other new services. 100,00,00 No. of shares issued at a prem. of Rs 160 per share. 1987 - Up to the end of the year the bank had sponsored 30 Regional Rural Banks covering 66 backward and underbanked districts in the country. In terms of deployment, the advances portfolio of overseas offices rose to Rs 5,767 crores. Investments in inter-bank money markets and also in prime securities amounted to Rs 2,670 crores by the end of the year. 1988 - During the year bank initiated UPTECH an Industrial Technology Group to direct and guide programmes aimed at facilitating technology upgradation. Also a scheme to develop enterpreneurship among woman under the name "Stree Shakti" was launched. Several concessions in respect of margin and and rate of interest have been built into the package. Three pilot programmes were launched at Chennai, Calcutta, and Hyderabad. On 20th September, the bank inaugurated `SBINET,' an integrated communication project aimed at improving customer service, operational efficiency and administrative convenience. The network has been designed to handle voice, fax data and manages through the trunk routes and exchanges in important centres. The bank sponsored 30 RRB's covering 66 divisions in the country. 74 branches were opened raising the branch network to 2,306. 1989 - SBICAP, in their capacity as Trustee and Manager of Mutual Fund, launched two scheme viz., Mangnum Monthly Income Scheme 1989 and Magnum Tax Service Scheme 1990. During the same period SBI in association with Morgan Stanley Asset Management Inc. of USA, launched the India Magnum Fund. 1990 - New products launched during the year included a Regular Income Scheme, offering an assured return in excess of 12% and the first Pure Growth Scheme aimed at capital appreciation. A Second offshore fund of US $ 12 million called Asian Convertible and Indian Fund was launched in association with Asian Development Bank, Manila. During Kharif 1990, the bank introduced an agricultural credit card, known as SBI Green Card to give greater liquidity and flexibility to farmers in procuring agricultural inputs. The scheme was introduced on a pilot basis in 125 intensive centre branches. As at on 31st March, SBIMF had over 3,40,000 Indian investors and about Rs 475 crores by way of investible domestic funds. 50,00,000 No. of shares issued at a prem. of Rs 160 per share. 1991 - During February the bank set up a new subsidiary called the SBI Factors and Commercial Serviced Pvt. Ltd. for rendering factoring services to the industrial and commercial units in Western India. 1992 - The bank sponsored 30 RRBs with a network of 3189 offices covering 102 backward and under banked districts of the country. A sum of Rs 15.25 crores was contributed towards the share capital of the RRBs. During the period bank intoduced `Stockinvest' scheme. Also introduced a `Gyan Jyoti' that replaced earlier education loan schemes and offers substantial augmented assistance to students pursuing higher studies. Moreover dedicated NRI branches equipped with State-of-the-art technology was set up at Mumbai and Delhi to cater to the special needs of NRI residents. 1993 - During the year as a part of its overseas expansion the bank established representative office in Tashkent. During December, the bank issued 124,000,000 equity shares of Rs.10 each for cash at a premium of 90 per share of which 245,00,000 shares each were reserved for allotment on a preferential basis to Indian Financial Institutions and Indian Mutual Funds. Balance issued to the public. Simultaneously it came out with another issue of 50,00,000 12% unsecured redeemable floating rate bonds in the nature of promisory notes of the face value of 1000 each. Oversubscription upon a further amount of Rs 500 crores (in all Rs 1000 crores) was to be allowed. The face value of each bond would be redeemed at par at the expiry of 10 years from the date of allotment. In the event that the State Bank decides to exercise its option to call up the bonds they would be redeemed at the rate of 5% at the end of 5th year, at 3% at the end of 7th year and 1% at the end of 9th year. It was proposed to issue 1200,00,000 right equity shares of Rs.10 each at a premium of Rs.50 per share in the proportion of 3:5. Also another 120,00,000 equity shares of Rs.10 each were to be issued at a premium of Rs.50 per share to employees on an equitable basis. 250 sick units with the bank were referred to the BIFR including 31 public sector units. Approved rehabilitation packages being implemented in 85 units and 41 have been recommended to be wound up. The bank continued to be appointed as the operating agency and rehabilitation packages were submitted to BIFR in 48 cases. Equity shares subdivided. 1418,50,000 No. of Equity Shares of Rs. 10 each issued at a prem. of Rs 90 per share to the public. Another 1319,78,726 shares of Rs 10 each offered at a prem. of Rs 90 per share on Rights basis and to employees. 1994 - 358 sick units with the bank were referred to the BIFR including 55 public sector units. Approved rehabilitation packages implemented in 87 units. 1,80,463 No. of Shares kept in abeyance were issued. 1995 - 351 sick units with the bank were referred to the BIFR including 66 public sector units. Approved rehabilitation packages implemented in 112 units. 683 No. of shares kept in abeyance were allotted. 1996 - On 3rd October the Bank Issued 261,45,000 GDRs amounting to 5,22,90,000 equity shares. 1 GDR is issued to 2 equity shares. The issue price of GDR was US $ 14.15 per GDR. 1997 - Shares issued to employees of the bank bearing distinctive numbers 46,26,00,001 to 47,46,00,000 will not be good delivery. The rights issue was for 12 crore equity shares at a premium of Rs.50 aggregating Rs.720 crore in addition to a further issue of 1.2 crore equity shares of Rs.10 at a premium of Rs.50 aggregating Rs.72 crore for State Bank employees. The price of the rights had been Rs.60 per share. After SBI Capital Markets, Manila-based Asian Development bank will pick up 15 per cent equity stake in the new stock broking subsidiary of State Bank of India to be made operational by mid-1997. The balance 85 per cent will be subscribed to by SBI. SBI Securities Ltd the 100 per cent stockbroking subsidiary of SBI, has recently received the much-awaited letter of incorporation from the Registrar of Companies. Following this, both SBI and ADB will pick up their respective shares in the new stockbroking firm. SSL will have an equity base of Rs.50 crore. The State Bank of India has tied up with GE Capital to float a venture in Mumbai. State Bank signed the memorandum of understanding with GE Caps in March. State Bank will tie up with either VISA or Mastercard or even both for the franchise network. GE Caps through this joint venture will be imparting technology, credit card expertise and payment card mechanism. The Reserve bank of India has directed the SBI to set up a $300 million stand-by facility for the Indian oil corporation. State Bank of India (SBI) signed an agreement with the National Securities Depository Ltd (NSDL) for dematerialisation of its shares. Besides, SBI has also become an equity stake holder in NSDL to the extent of 4.76%. SBI Commercial and International Bank, has become the country's first public sector bank to introduce optical disk (OD) facilities for data storage. 1998 - State Bank of India will kick-start its credit card business on July 1 by floating two joint ventures with GE Capital. The largest financial intermediary in the country will sign the joint venture agreement with GE Caps in the last week of January. The State Bank of India on Jan 27 kicked off its foray into the payment cards business with a joint venture agreement with US-based financial services giant, General Electric Capital Corporation (GE Capital). State Bank of India (SBI) on June 24 signed an exclusive agreement with the world's largest payment system - Visa International - for payment cards in India. The agreement was signed in Mumbai between the SBI managing director, Mr O P Sethia, and the general manager and executive vice president (South East Asia) of Visa, Mr James G Murray. 1999 - State Bank of India (SBI) has bagged the mandate to syndicate the $ 120 million loan for the National Thermal Power Corporation (NTPC). The State Bank of India (SBI) proposes to take up the life insurance and general insurance business once the sector is opened up. State Bank of India has tied up with its associate banks to market the SBI Card. The SBI has tied up with State Bank of Patiala in Chandigarh and State Bank of Mysore in Bangalore to help market its credit card. SBI proposes to introduce a value-added service for cardholders whereby the credit card can also be used as an ATM card. The State Bank of India will tie up with international investment banker Credit SuisseFirst Boston and three domestic public sector banks to form a gold assaying venture. The State Bank of India (SBI) has decided to take over SBI Home Finance (SBIHF), with its assets and liabilities. Having the largest stake, SBI has been weighing various options for bailing out the joint venture company which has slipped into huge losses. The State Bank of India (SBI) has signed up with Central Depository Services (I) (CDSIL) for the dematerialisation of its shares. SBI shares have already been admitted as security with National Securities Depository (NSDL). Besides, SBI also has a stake (Rs 10 cr) in the equity of CSDL. According to an agreement entered into with the development bank, State Bank of India (SBI) was to reduce its stake in its investment banking subsidiary to below 50 per cent by March 31. The State Bank of India (SBI) has entered into an agreement with Moody's Investor Service and Icra, under which SBI will pick up Moody's 11 per cent stake in Icra in case the global rating firm wants to get out of its investment in India. State Bank of India (SBI) has taken the lead in `convenience banking' by becoming the first public sector bank to offer its `savings bank' account holders the benefits of fixed deposits (higher interest rates) and current accounts (overdraft facility). 2000 - The Bank has embarked upon the expansion of its ATM network in the twin cities of Hyderabad and Secunderfabad. The Bank has become the first government owned financial institution to join the rank of companies declaring interim dividend. The Bank has proposed to come out with an issue under private placement of unsecured, non-convertible, subordinated bonds in the nature of promissory notes of Rs 1 lakh each aggregating Rs 600 crores with an option to retain oversubscription of up to Rs 40 crores. The Bank launched the "Metal (Gold) Loan Scheme" in Coimbatore. This is the third scheme to be introduced by SBI. SBI is also forming a subsidiary - SBI Gold and Precious Metals Pvt. Ltd. with 50 per cent equity participation. Mr. Vepa Kamesam, Deputy Managing Director, has been appointed as Managing Director with effect from 1st June. SBI board cleared the setting up of a separate subsidiary for information technology. KC Raut has recently taken charge as general manager at State Bank of India, Chennai. The Bank has become the first public sector bank to offer fixed-rate home loans. The State Bank of India has tied up with State Bank of Mysore to launch co-branded credit cards as part its strategy to collaborate with associate banks to expand its cardholder base. Central Depository Services (India) Ltd has signed an agreement with State Bank of India as its Depository participant. State Bank of India and the Exim Bank of the US have signed amemorandum of understanding, involving $500 million, to support the small and medium-sized ndian companies to purchase US goods and services. Mr. Suresh Kumar Mehra, Workmen Directors, ceased to be a member of the Central Board of the bank effect from October 1, due to his retirement at the close of the business on September 30. The Bank has launched an international credit cards for doctors, the frist of its kind in the country, offering facilities including special discounts on medical equipment and personal loans from GE countrywide. The State Bank of India has introduced a new scheme to boost exports. The CRISIL has assigned a triple-A (AAA) rating to the State Bank of India's Rs 3,000 crore bonds programme. The Bank have decided to close down its fully-owned foreign subsidiary - SBI European Bank Ltd., in London. Mr. S. Mukerji, Managing Director, of the bank retired from the bank on 30th of November. State Bank of India Mutual Fund has launched the Magnum Gilt Fund, dedicated to investing in government securities. 2001 - The Bank has signed an MoU with Cardif S.A. for the bank's life insurance business. The Bank has introduced Voluntary Retirement Scheme for eligible employees, open from the 15th January 2001 to the 31st January 2001. The Bank has incorporated a subsidiary `SBI Life Insurance Company Ltd.,' for doing life insurance business. The Bank will install 10 more Automated Teller Machines in the north-eastern region in addition to the one already commissioned at Guwahati. State Bank of India launched three more ATMs i n Bangalore. Mr Y Radhakrishnan has been promoted to the post of managing director of State Bank of India. SBI Cards has set up a special insurance cell in Ahmedabad for facilitating the claims of SBI cardholders affected by the tragic earthquake in Gujarat. SBI has assigned the Delhi-based HCL Com Net to provide it ATM teller inter-connectivity which could involve investments running into several hundred crores. SBI chief general manager Madhav M Mehta, who is currently the operational head in Gujarat, has been transferred to its corporate office in Mumbai as chief general manager (CGM). July 3- Announces the launch of the SBI International card and the SBI Global Card for global travelers in India. SBI International cards and SBI Gold Cards would be accepted at over 20 million Visa outlets worldwide and one lakh outlets in India. State Bank of India has embarked upon an ambitious Rs 800-crore technology upgradation programme. The bank has appointed KPMG, a consultant in computer technology, to provide inter connectivity networking to the computerised branches and also to the ATMs across the country enabling its customers to transact any kind of business from anywhere State Bank of India was presented the award for JD Power Asia Pacific's 2001 India Sales Satisfaction Index (SSI) and Consumer Financing Satisfaction (CFS) State Bank of India has added three more ATMs to its network. The new ATMs were installed at SBI's Andheri (west),Goregaon (east),and Borivili (east) branches on September 22 State Bank Of India (SBI) has informed BSE that Shri K.J.Udeshi, ED, RBI has been nominated on the Central Board of the Bank as nominee of RBI in place of Dr.Y.V.Reddy, w.e.f. September 22, 2001 under Sec.19(f) of SBI Act. State Bank of India has slashed the interest rate on home loans by 0.5 per cent to 12 per cent, effective from September 15. IN A significant move, the State Bank of India has decided to distance itself from its subsidiaries - SBI Capital Markets, SBI Gilts, SBI AMC and State Bank of Credit and Commerce International. They will have the autonomy, independent chairmen and external executives at the senior management level at market-related salaries. At present, the SBI chairman is the ex-officio chairperson of all the subsidiaries, including the associate banks. The new scheme will be aimed only at the award staff, a category that was included with officers in the January 2001 voluntary retirement scheme. SBI Cards on July 3, announced the launch of the SBI International card and the SBI Global Card for global travelers in India. - VRS implemented in which around 21,000 employees, including officers, were permitted to retire - The Bank has crossed another milestone by making a successful foray into insurance. SBI is the only Bank to have been permitted a 74% stake in the insurance business. The Bank's insurance subsidiary, SBI Life Insurance Company, a joint venture with the Bank holding 74% and Cardif S.A., the Joint venture partner, the balance 26%, was incorporated to undertake life insurance and pension business. Cardif S.A. is a wholly-owned subsidiary of BNP-Paribas, which is the largest bank in France and one of the top ten banks in the world. Cardif S.A. is the largest bancassurance company in France. - The bank's efforts to establish a world -class credit information bureau in India culminated in the successful setting up of the Credit Information Bureau (India) Ltd., a joint venture of the Bank with HDFC Ltd., Dun and Bradstreet Information Services India Pvt. Ltd. and Trans Union International Inc. 2002 - In order to reduce risk and develop a transparent and active debt market in general and government securities market in particular, the Clearing Corporation of India Ltd. has been set up in Mumbai with the Bank as the chief promoter. -E K Thakur resigns from Directorship of SBI. -TCS bags order of Rs 500 crore from SBI. -SBI has informed that the following change in Directors. 1. Shri A C Kalita, Director on the Bank's Central Board ceased to be a Director on the Board wef May 13, 2002 on expiry of his term on May 12, 2002.2. Shri Y Radhakrishnan Managing Director & GE (CB) has relinquished office of the Managing Director as on June 30, 2002 and ceased to be Director on the Board wef July 01, 2002. -State Bank of India has informed BSE that Mr D C Gupta IAS Secretary (Financial Sector), Ministry of Finance, Department of Economic Affairs, New Delhi has been nominated as Director on the Board of State Bank of India with effect from July 17, 2002 vice Mr S K Purkayastha. -State Bank of India has informed BSE that Mr S Govindarajan, Managing Director & GE (NB) has relinquished office of the Managing Director as on July 31, 2002 and ceased to be Director on the Board w e f August 01, 2002.Further Mr P R Khanna, Director on the Bank's Central Board ceased to be a Director on the Board w e f August 20, 2002 consequent upon his resignation. -State Bank of India has informed BSE that the Bank has decided to close SBI Securities Ltd (SBISL), a subsidiary of the Bank, following a Directive in this regard from the RBI. -State Bank of India has informed that the Central Government appointed Mr A K Batra, Deputy Managing Director, State Bank of India as Managing Director, State Bank of India for the period from the date of his taking charge and upto August 31, 2003. Also, Mr P N Venkatachalam, Deputy Managing Director, State Bank of India, has been appointed as Managing Director, State Bank of India for the period from the date of his taking charge and upto March 31, 2004. -State Bank Of India has informed that Shri Prithvi Raj Khanna and Shri Kumar Bery have been duly elected as Directors under Section 19(c) of SBI Act at the General Meeting of the -State Bank of India has informed that it has appointed Mr Ananta Chandra Kalita, as a Director on the Central Board of the Bank from amongst the employees of the Bank, who are workmen, for a period not exceeding six months commencing from October 03, 2002 or until his successor is appointed or till he ceases to be workmen employee of State Bank of India, or until further orders, whichever event occurs earlier.shareholders of the bank held on September 09, 2002. -State Bank of India has informed BSE that Shri Janki Ballabh, Chairman has relinquished office of Chairman at the close of business hours on his attaining superannuation on October 31, 2002. -State Bank of India has informed that Smt Vineeta Rai, Secretary (Banking & Insurance), Ministry of Finance and Company Affairs, Department of Economic Affairs (Banking Division), New Delhi has been nominated as Director of the Board with effect from October 30, 2002. -State Bank of India has informed that the Central Government, after consultation with the Reserve Bank of India, appointed Shri A K Purwar, Deputy Managing Director, State Bank as Chairman, State Bank of India from the date of his taking charge of the post and upto May 31, 2003 i.e. date of his superannuation or until further orders whichever is earlier. Shri A K Purwar assumed the charge of Chairman, State Bank of India, on November 13, 2002. 2003- State Bank of India (SBI) and Maruti Udyog Ltd have announced a joint initiative aimed at making car finance affordable to middle and lower middle class customers. Customers will now have transparent car finance involving no hidden charges and pre-closure penalties, and also get the dealers' margins, Mr S.K. Bhattacharya, Chief General Manager, SBI, told newspersons. "It will help both the bank and Maruti to aggressively tap the Andhra Pradesh market," he said. SBI offers finance facility even for lifetime tax, insurance and accessories of the vehicle. - State Bank of India has informed that the Bank has appointed Shri Ananta Chandra Kalita, Head Assistant, State Bank of India as a Director on the Central Board of the Bank amongst the employees of the Bank, who are workmen for a period of 3 years commencing from July 15, 2003 or until he ceases to be a workmen employee of the Bank or until further orders, whichever is earlier provided that he shall not hold the office continously for a period exceeding six year. - SBI group's total profit identified at Rs 3,354 cr in '02 - Mr. D C Gupta nominated as Director on the Board of SBI - SBI introduces IT upgradation plan with KPMG help - SBI Cards and Payment Services Private Ltd, the credit card subsidiary of the State Bank of India, introduces two new schemes recently- SBI Advantage Card to the bank's fixed deposit customers and SBI International Card for its home loan borrowers - Launches a new credit appraisal system targeting the small and medium enterprises (SME) for loans up to Rs 25 lakh - SBI selects TCS to execute trade finance solution - SBI and ICICI Bank among the top 100 banks in Asia in 2001 as per the study by Asian Banker Journal - Introduces SBI Cash Plus, its Maestro Debit Card that allows customers to access their deposit accounts from ATMs and merchant establishments 2003 - Promotes three Chief General Managers (CGM) to the posts of Deputy Managing Directors (DMDs). They are: A D Kalmankar, CGM in charge of Staff College of Hyderabad, A K Das, CGM, Hyderabad; and R K Sinha, CGM, Chandigarh - SBI appoints Mr. S K Bhattacharya as the new Chief General Manager for Hyderabad circle - Increases its equity stake in Discount and Finance House of India Ltd (DFHIL) to 51% - Ties up with Maruti Udyog Ltd. (MUL) for car finance - Receives permission from Insurance Regulatory and Development Authority (IRDA) to sell healthcare products to individuals - Increases its Equity Stake in DFHIL to 55.30% - Starts new 'Plus schemes' loans such as Justice Plus intended for the judges and court employees, Police Plus for the police personnel, Teacher Plus for the teaching community and Doctor Plus for the medical practitioners - Receives RBI licence to set up offshore banking units (OBUs) in special economic zones (SEZs) - Launches SBI Bangalore card meant for a broad-based target audience in the 25 plus age group ranging from upwardly mobile professionals and middle class segments - SBI unveils Hyderabad card, an exclusive initiative for the citizens of Hyderabad - Ananta Chandra Kalita ceases to be a Director of SBI - Christens the tieup with Maruti Udyog Ltd. as SBI-Maruti Finance - Orders For 1,500 ATMs With NCR Corporation - Orange, the cellular service operator of the Hutch group for the Mumbai circle, ties up with State Bank of India for prepaid card refill options - Ropes in US-based consultant McKinsey & Co to undertake Business Process Re-engineering (BPR) exercise for the bank - Launches charter for Small Scale Industries (SSIs) - NPA (Non Performing Assets) slashed to 4.5 pc, writes off Rs 4,000 crore worth of assets - Forays into stock market - Stock price crosses the Rs 400 mark for the first time since listing on BSE - Mr. A K Batra, Managing Director & Group Executive (Corporate Banking) of the Bank ceases to be a Director on the Board with effect from July 8, 2003 - Plans a new scheme to attract Resurgent India Bonds (RIB) - N S Sisodia, Secretary (Banking & Insurance), Ministry of Finance and Company Affairs, Department of Economic Affairs (Banking Division), has been nominated as a Director on the Board of State Bank of India w.e.f. July 11, 2003 - Mr. Ananta Chandra Kalita, Head Assistant, State Bank of India, appointed as a Director on the Central Board of the Bank amongst the employees of the Bank - Inks two important agreements with its employees' unions and officers' associations. According to the contract SBI's staff will be having no rights to interfere in bank's computerisation plans - SBI, AirTel launch mobility service at Rs 299 - Central government nominates Mr. Arun Singh as a director on the board of the bank wef July 25, 2003 for a period of three years. - State Bank of India along with ANZ Investment Bank have consummated 5 year syndicate loan facility of $100 million to Indian Petrochemicals Corporation (IPCL) - Opens cheque clearing cente at Kolkata - Inks pact with Mahindra & Mahindra (M&M) for co-branded tractor scheme SBI-Mahindra Tractor Plus - Joins hands with Tractors and Farm Equipment Ltd (TAFE) for tractor loans - Launches insurance scheme in Kerala - Unveils new retail bank loan product Credit Khazana, which targets the bank's housing loan account holders - Unveils online ticket reservation system 'e-Rail' - Reserve Bank of India nominates Dr Rakesh Mohan, Deputy Governor, RBI, on the Central Board of the bank - Appoints Mr C. Narasimhan as the Chief General Manager of the SBI's Kerala Circle -Unveils Credit Khazana, retail bank loan product, to target the bank's housing loan account holders - MRO-TEK Ltd has secured State Bank of India's order of Rs 15-crore to provide networking solutions of 2Mbps and 64 Kbps high-end leased line modems for SBI to connect more than 800 branches across the country. -SBI joins hands with LIC to dentify long-term investment proposals for LIC -Tied with bajaj Auto to finance its two wheelers. -SBI granted Rs 125-cr loan to Nethaji Apparel park to set up units and buy machinery for the first batch of 54 garment plants in the 65-acre special apparel park. -The bank has tied up with TVS motor company to finance two wheeler loans -Tied up with apollo hospital enterprise to finance for the hospital treatement. -The company launched mobile pre-paid cards recharge facility at its ATM's -Tied up with ICICI Bank and HDFC for sharing ATM networks 2003-Bank has entered into MOU with both ICICI Bank and HDFC Bank for sharing Bank's ATM Network with them on bilateral terms. -The Central Government after consultation with the Reserve Bank of India, appointed Shri Chandan Bhattacharya, Deputy Managing Director State Bank Of India as Managing Director State Bank Of India for the period from December 17, 2003 to January 31, 2005. -The State Bank of India has announced a special package to BSNL employees by allowing concessional interest rates for different types of loans to be availed by the BSNL staff. 2004 -Former KCCI President nominated to SBI Bangalore Local Board -State Bank Of India has informed that Reserve Bank of India has nominated Shri A V Sardesai, Executive Director, Reserve Bank of India on the Central Board of State Bank of India vice Dr. Rakesh Mohan. -SBI sets up ATM counter in Ernakulam -Bahrain Monetary Agency (BMA) grants in-principle licence to Statte Bank of India (SBI) -SBI sets up India's first drive-in ATM in Hyderabad -State Bank of India has entered into an alliance with HDFC Bank for sharing ATM networks to be operationalised from February 3, this year. 2004 -SBI unveils new branch in Manjeri -Bank awarded special prize for lending to self help group run by women -SBI unveils floating ATM -State Bank of India appointed six new Deputy Managing Directors on February 11, 2004. The new DMDs are: Mr T.S. Bhattacharya, CGM, Product Development and Marketing, Mr M.M.Lateef, Managing Director, SBI Gilts, Mr Yogesh Agarwal, CGM, Chandigarh, Mr Krishnamurthy, CGM, Madras LHO and Mr R.Ramanathan, CGM, Technology and Mr Vijay Anand, CGM, Corporate Account group. These top level appointments follow the appointment of the new Managing Director for the bank, Mr Chandan Bhattacharya, in December. -GAIL ties up SBI for e-banking system -SBI join hands with Visa for travel card -SBI enters into ATM sharing agreements with UTI Bank & HDFC Bank -Signs a Memorandum of Understanding (MoU) under which the bank will provide term loans to farmers for purchasing capital inputs from Jain Irrigation Systems Ltd (JISL) -Join hands with Siemens for financing the medical equipments sold by Siemens -Joins hands with VST Tillers to launch SBI-VST Shakti, a new loan scheme for farm mechanisation programme -Unveils Vishwa Yatra foreign travel card, a prepaid card which offers the traveller a convenient and secure way to carry cash -Ties up with Same Deutz-Fahr India for tractor financing -In ally with Sikkim govt to beef up SMEs -The government has chosen State Bank of India (SBI) for channelising government credit to other countries which runs into billions of dollar -SBI opens MICR cheque processing center -Signs MoU with HMT Ltd. for financing their tractors -State Bank of India deploys Flexcube as core banking solution at Frankfurt -Mr Ashok K. Kini appointed as new Managing Director of State Bank of India with effect from April 1, 2004 to December 31, 2005 -SBI unveils Foreign Travel card in Orissa -ICICI Bank, SBI, LIC in pact for Rs 20,000-cr projects -Reliance Info in ATM pact with SBI -State Bank of India, Bangalore Circle, has announced its tie-up with New India Assurance Company Ltd (NIAC), for distribution of NIAC's general insurance products in Karnataka - SBI unveils new credit card in Ahmedabad -State Bank of India joined the billion dollar club -THE State Bank of India opened its 236th branch in the State at Tripunithura on June 16 -SBI inaugurates first Internet shoppe in Kochi -State Bank of India has opened a fully computerised branch at Karunagappally in Kollam district -L&T-John Deere Private Ltd has signed a memorandum of understanding (MoU) with State Bank of India for tractor finance -Buys 10% stake in Multi Commodity Exchange of India Ltd. (MCDEX) for Rs 2.1 crore -SBI join hands with Hero Honda to unveil co-branded credit card -State Bank of India launched its first mobile ATM for increasing the banking convenience of its customers -State Bank of India has signed a Memorandum Of Understanding (MOU) with the Societe Generale Asset Management of France (SGAM) for inducting Societe Generale Asset Management as a stake holding partner for SBI's mutual fund arm, SBI Fund Management Private Ltd (SBIFMPL) -State Bank of India, (SBI) with a view to expand the ambit of its educational loan schemes, has unveiled a unique educational loan scheme, christened "Nursing Plus," for the nursing students of the country -SBI forges alliance with Hero Honda -SBI offers new scheme`School Plus' for schools -SBI Card has launched 'Instant Card' offering customers in need of instant credit opportunity. With this, the customers will get an opportunity to get ready to use credit card within a few hours of filing in their application form -SBI selects Finacle for international ops -SBI enters ATM tie up with Andhra Bank -SBI join hands with LIC for funding infrastructure projects -Tata Motors on December 7, 2004, signs an MoU with State Bank of India (SBI) -SBI partners with Eicher Motors on December 27, 2004 2005 -Raj Travels joins hands with SBI for travel loans -SBI opens branch at Vadakara -SBI join hands with Apollo Health to offer loans -SBI rolls out new loan scheme -SBI opens first branch in Lakshadweep island of Kavaratti -SBI enters into agreement for bilateral sharing of ATMs with PNB on May 10, 2005 -SBI signs MOU with Corporation Bank for ATM sharing -State Bank of India and 8 associate banks have entered into an agreement with Bharat Petroleum Corporation Ltd (BPCL) for enhancing card usage at fuel stations -SBI launches new mortgage loan scheme for traders -SBI launches SBI card in Madurai -SBI inaugurates RBO in Thrissur -SBI signed a memorandum of understanding with Small Industries Development Bank of India for co-financing small and medium enterprises in Andhra Pradesh, Tamil Nadu, Uttar Pradesh, Jammu & Kashmir, Jharkhand, Delhi and Bihar -State Bank of India and Crisil have signed a memorandum of understanding under which latter will assign ratings to small-scale industries that are borrowers of SBI -NSIC join hands with SBI to offer credit to SSI 2006 -SBI teams up with Nihilent to unveil feedback system -Bhatt to become SBI's new MD -State Bank of India (SBI) has informed that Shri. Yogesh Agarwal has been appointed as Managing Director on the Board of the Bank with effect from October 10, 2006 to the June 30, 2010 2007 -State Bank of India (SBI) has appointed Shri. S K Bhattacharya as Managing Director on the Board of the Bank with effect from October 08, 2007 to the October 31, 2010, as per the Notification dated October 08, 2007, by the Government of India. - The State Bank of India (SBI) has become the first foreign bank to set up a branch in the Israel's diamond exchange. Besides diamonds, they also see huge potential in telecommunications, hi-tech, chemicals, textiles, agriculture and water management, food processing, pharma and health care. 2008 -State Bank of India (SBI) has informed that the Government of India in pursuance of clause (e) of Section 19 of the State Bank of India Act, 1955 (23 of 1955) has nominated Shri. Arun Ramanathan, Secretary, Ministry of Finance, Department of Financial Services, New Delhi as a Director on the Central Board of State Bank of India with effect from January 18, 2008, vice Shri. Vinod Rai. -State Bank of India (SBI) has informed that the Central Government, in consultation with the Reserve Bank of India and in pursuance of clause (d) of Section 19 of the State Bank of India Act, 1955 (23 of 1955), has nominated Dr. (Mrs.) Vasantha Bharucha as a part-time non-official Director on the Central Board of State Bank of India for a period of three years with effect from February 25, 2008, vice Shri Piyush Goel. - State Bank of India (SBI) has informed that the Central Government, in consultation with the Reserve Bank of India and in pursuance of clause (d) of Section 19 of the State Bank of India Act, 1955 (23 of 1955), has nominated Dr. Rajiv Kumar as part-time non-official director on the Central Board of Directors of State Bank of India for a period of three years with effect from September 08, 2008 or until further orders, whichever is earlier. - State Bank of India (SBI) has signed a Joint Venture Agreement with Insurance Australia Group to form a Joint Venture Company which will be engaged in General Insurance business in India. - State Bank of India has rolled out a micro insurance scheme 'Grameen Shakti', for its Self Help Group (SHG) members. The product was launched on Nov 26 at the Tamil Nadu Agricultural University. The bank is hopeful to cover at least five lakh SHG members by December 31. -The company has issued rights in the ratio of 1:5 at a premium of Rs.1580/- Per Share. -State Bank of India Issues Rights in the Ratio of 1:5 2009 - State Bank of India yesterday slashed its benchmark lending rate by half a percentage point to 11.75 per cent. The Benchmark Prime Lending Rate (BPLR) was revised down by 50 basis points with effect from June 29, SBI informed the Bombay Stock Exchange. This move would benefit home, car and corporate loan customers - State Bank of India on June 30 launched two new home loan products called as SBI Easy Home Loan and SBI Advantage Home Loan, with zero processing fees for both waived off till September 30. While SBI Easy Home is for loans amount up to Rs 30-lakh while the SBI Advantage Home is for loans above Rs 30-lakh, a press release issued here said. - State Bank of India, entered into an agreement with the government of Gujarat to create a fund of Rs 5,000 crore for investing in equity of infrastructure projects. 2010 - State Bank of India, with a debit card base of over 70 million, comprising SBI Cash Plus, SBI Gold Debit Card and SBI Yuva Card, has added chip and PIN-based Platinum Debit Card to its bouquet on March 26. - Mr Arun Kumar Agarwal has taken over charge as General Manager at State Bank of India, Kerala Circle. Until now, he has been General Manager at the Lucknow Circle of the bank. Mr Agarwal is Certified Associate of Indian Institute of Bankers and joined State Bank of India as a Probationary Officer in 1977. An expert in credit and foreign exchange, he has held several assignments ranging from Branch Manager to Regional Manager in the Patna and Delhi circles. He also served in the bank's foreign department at Kolkata handling investment of the FCNB portfolio, derivatives and correspondent relations. He has headed the Pune Module of the bank and has also served as the Deputy General Manager and Business Head for Network-1 of the Mumbai Circle. - State Bank of India (SBI) has signed a pact with Unique Identification Authority of India (UIDAI) to work as a registrar for the UID registration of residents. It has become the first bank to take up registration work for the UIDAI project. As a registrar, SBI will capture through empanelled enrolment agencies, the biometric characters such as finger prints, iris and so on and send the information to UIDAI. - Stata Bank of India (SBI) has come up with an exclusive branch in Hyderabad, for their ultra high networth individual (HNIs) which is by far is first of its kind in the country. - State Bank of India acquired State Bank of Indore. - SBI - Joint Venture agreement with State General Reserve Fund (SGRF), Sultanate of Oman - State Bank of India has consortium of Elavon Incorporation, USA and Visa International, USA as its Joint Venture (JV) Partner for Merchant Acquiring Business. - State Bank of India launched a special concessional banking scheme for the Air Force personnel. - State Bank of India (SBI) has signed an agreement with Unique Identification Authority of India (UIDAI) in order to work as a registrar for the UID registration of residents. 2011 - State Bank of India, with a debit card base of over 70 million, comprising SBI Cash Plus, SBI Gold Debit Card and SBI Yuva Card, has added chip and PIN-based Platinum Debit Card to its bouquet on March 26. - Witnessed a joint venture between the nation's largest lender, State Bank of India and the telecom lead, Bharti Airtel with an aim to provide the banking services amongst the unbanked population of the country. - SBI - Acquisition of SBICI Bank - State Bank of India shifted from Varma Chambers, Fort, Mumbai to the following address with effect from September 28, 2011.Shares & Bonds Dept., State Bank of India,Corporate Centre,8th Floor, State Bank Bhavan, Madam Cama Road, Mumbai - 400 021Telephone nos.: 022-22740841-48 (eight lines) Fax number(s): 022-22855348. - P Choudhary has been appointed as the new chairman of State Bank of India after getting clearance from the government. - Experian Credit Information Company of India Private Limited, the first CICRA licensed credit bureau in India on September 23, 2011 said it has signed a membership agreement with State Bank of India (SBI), the largest consumer lender in India to contribute data to Experian's credit bureau and enhance the effectiveness of company's range of products and services. 2012 - State Bank of India signed a Preliminary Non-Binding Memorandum of Understanding with Russian Direct Investment Fund (RDIF), to facilitate advancing bilateral economic cooperation and trade between Russia and India aimed at exploring investment opportunities in both the countries. - India's largest public sector lender, State Bank of India (SBI) has entered into an agreement with StarAgri Warehousing Ltd (StarAgri), India's leading agri-services & solutions provider, for Warehousing Receipt Financing and Collateral Management Services. - SBI launched virtual debit cards to check online fraud and promote ecommerce - SBI, ICICI Bank leading m-banking revolution in India. With the advent of smartphones and 3G services, the Mobile Banking (m-Banking) services have been fast catching up with Indian customers for conducting balance inquiries, account transactions, utility payments, and other banking activities using a mobile handset - India's largest lender State Bank of India (SBI) has been planning to cut the processing and conversion fee for home loans to leverage the approaching festival season when Indians usually spur buying as businesses offer healthy discounts. 2013 - India's leading Public Sector lender the State Bank of India (SBI) is stepping up efforts to expand its presence in the world's second biggest economy with the lender set to launch its second branch in China. -SBI Issue of 5 year Bonds -SBI inaugurates 2nd branch in Tianjin and China -SBI to launch 100 branches in AP -SBI introduces smart pre-paid card for students, blue collar workers -AMW Motors collaborates with SBI to finance sale of vehicles -SBI launches 10 branches in Raebareli 2014 -SBI announces 150% interim dividend -State Bank of In-dia launches new digital Online and self-service banking solutions with support from Accenture -State Bank of India unveils 6 digital branches -SBI launches Tech Learning Centres (TLCs) for customers -State Bank of India has splits its face value from Rs 10/- to 1/- 2015 -State Bank of India has launched a RuPay Platinum debit card in association with National Payment Corporation of India (NPCI) -SBI builds foundation for group CSR activities -SBI introduces online facility for overdraft against FDs -SBI partners with Amazon -SBI entered into a MoU with PayPal, an American online money transfer services provider firm, for facilitating cross-border transactions - State Bank of India said it has launched SBI eforex -SBI launched an initiative to provide doorstep services and expedite home loans application process -State Bank of India jointly launched a cyber crime awareness campaign 2016 -SBI opens first branch in South Korea. -SBI launches new home loan plan for executives. -SBI cuts home loan interest rate to 9.45 pct. -Govt asks SBI to merge five associate banks. -SBI launches mVisa. -SBI launches debit card-less instant money transfer facility. -SBI gets deposits of Rs 83,702 cr in five daysfollowing the governments decision to demonetise the old Rs 500 and Rs 1,000 notes, reported PTI. -SBI in talks with Microsoft to push digital banking in rural areas. 2017 -SBI Acquired State Bank of Travancore,State Bank of Patiala , State Bank of Hyderabad, State Bank of Bikaner & Jaipur ,State Bank of Mysore. -SBI acquired Bhartiya Mahila Bank (BMB). -SBI becomes lead bank for new district Kalimpong, West Bengal. -SBI, BPCL launch co-branded credit card -SBI creates wholly-owned subsidiary to manage real estate - SBI received Golden Peacock Award For Excellence In Corporate Governance - State Bank of India Inaugurates the Bank of Bombay Heritage Gallery `Down Memory Lane' - SBI launches its own generic Top Level Domain with its website "bank.sbi" -SBI signs $274 mln agreement with German Development Bank KfW to finance affordable housing 2018 -SBI launches Global NRI Centre in Kochi. -SBI launches digital transaction initiative MOPAD. -SBI ranked as India's most patriotic brand. 2019 --SBI becomes first Indian bank to have office in Australia's Victoria. -SBI Card launches contactless mobile phone payments facility. -SBI has launched its digital banking app YONO in the UK, marking its global launch. 2020 - SBI wins three awards at Digixx 2020 Virtual Summit. -State Bank Bhavan awarded the Performance Challenge Award 2020 by Indian Green Building Council (IGBC). 2021 - SBI Recognised As Iconic Brand Of India 2021 By The Economic Times. 2023 - 'Signing of USD 165 million World Bank Line of Credit for financing grid connected rooftop Solar PV Projects in Residential sector'. 2024 -Signing of EURO 150 million KfW Line of Credit for financing Climate Friendly Energy Generation Projects.

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Parent Organisation

State Bank of India

Founded

31/12/1955

Managing Director

Mr.Challa Sreenivasulu Setty

NSE Symbol

SBINEQ

FAQ

The current price of State Bank of India is ₹ 774.10.

The 52-week high for State Bank of India is ₹ 799.15 and the 52-week low is ₹ 771.10.

The market capitalization of State Bank of India is currently ₹ 690854.84. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

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The CEO of State Bank of India is Mr.Challa Sreenivasulu Setty, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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