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State Bank of India (SBIN.BO)

779.40

+10.65

+(1.39%)

At close: May 9 at 3:58:20 PM GMT+5:30

Japan's SMBC to take 20% stake in India's Yes Bank

MUMBAI/TOKYO (Reuters) -Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) has signed a definitive agreement to take a 20% stake in Indian private lender Yes Bank, a deal that marks the largest cross-border merger and acquisition deal in India's financial sector. The total value of the deal, which involves SMBC buying shares from eight existing shareholders, comes up to 134.8 billion rupees ($1.58 billion), Sumitomo Mitsui Financial Group said in a statement. SMBC, is a unit of Sumitomo Mitsui Financial Group and is Japan's second-biggest bank.

Reuters 2 days ago

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SMFG
State Bank of India (SBKFF) Q4 2025 Earnings Call Highlights: Strong Profitability Amidst Challenges

State Bank of India (SBKFF) reports a 16.08% net profit increase, despite missing credit growth targets and facing global economic uncertainties.

GuruFocus.com 6 days ago

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State Bank of India targets 12-13% loan growth on tariff uncertainty

MUMBAI (Reuters) -State Bank of India, the country's biggest lender by assets, aims for loan growth of 12%-13% in 2025-26, almost flat from the previous year to take account of the impact of global tariffs, its Chairman said on Saturday. U.S. President Donald Trump's tariffs have sent shockwaves through financial markets, shaken investor confidence and complicated the task of forward-planning. "The uncertainty on tariffs is going to impact the overall economic scenario and investment scenario," C.S. Setty said at a conference in Mumbai.

Reuters 8 days ago

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State Bank of India shelves $1.7 billion fund raising as yields elevated, sources say

MUMBAI (Reuters) -State Bank of India, the country's largest lender by assets, is shelving plans to raise funds this fiscal year, discouraged by elevated bond yields despite a policy rate cut and liquidity boost from the central bank, three sources aware of the matter said on Monday. The bank had planned to raise as much as 150 billion rupees (about $1.7 billion) through sale of bonds before the end of March, but will now tap the market in the next financial year that starts in April, the sources said. "The bank has been waiting for an opportune time to enter the market, but yields have stayed high for the last several weeks, and hence the bank is avoiding tapping the market in the near term," one of the sources said.

Reuters last month

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Reliance's Jio Financial to buy Jio Payments Bank shares from SBI for 1.05 billion rupees

The financial services provider owns about 82.17% of Jio Payments Bank, begun in 2018. Its current stake-buy plans are subject to approval by the Reserve Bank of India, it said in its statement. Jio Financial has been ramping up operations since it was spun off from the Mukesh Ambani-led conglomerate in 2023 and has recently been planning to set up a mutual fund business with U.S.-based BlackRock.

Reuters 2 months ago

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State Bank of India sees sector's personal loan woes easing on tighter credit rules

State Bank of India (SBI), the country's top lender by assets, expects the industry's concerns over retail borrowers defaulting on small-ticket loans to ease on the back of tighter credit reporting rules, its chairman said. In January, India's central bank mandated that credit bureaus update borrowers' credit information on a fortnightly basis against once a month earlier. "Lenders now know that a certain customer has reached his leverage, and beyond that, we should not give him additional credit," Challa Sreenivasulu Setty, the chairman of SBI, said in an interview late on Tuesday.

Reuters 2 months ago

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State Bank of India (SBKFF) Q3 2025 Earnings Call Highlights: Robust Profit Growth Amidst ...

State Bank of India (SBKFF) reports an 84% increase in net profit, while navigating challenges in operating profit and margins.

GuruFocus.com 3 months ago

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State Bank of India aims to raise 50 billion rupees via perpetual bonds, sources say

The State Bank of India is looking to raise around 50 billion rupees ($573.38 million) via Basel III-compliant additional Tier-I perpetual bonds before the end of February, three sources aware of the matter said on Wednesday.

Reuters 3 months ago

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BPCL secures financial closure for Bina Refinery expansion project in India

The project aligns with India's goals to boost industrial growth, enhance infrastructure and strengthen energy security.

Offshore Technology 3 months ago

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State Bank of India plans significant expansion of branch network

The bank is planning to add 500 new branches in the country in the financial year 2025.

Retail Banker International 5 months ago

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State Bank of India (FRA:SID) Q2 2025 Earnings Call Highlights: Robust Profit Growth and ...

State Bank of India (FRA:SID) reports a 28% profit increase, driven by strong credit growth and strategic sector focus, amidst challenges in deposit growth.

GuruFocus.com 5 months ago

SBIN.NS
How to invest in the Indian stock market

India’s stock market capitalisation topped $4.3tn to overtake Hong Kong as the world’s fourth-largest market.

Yahoo Finance UK 6 months ago

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HSBC

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India's SBI aims to sell its Yes Bank stake worth $2.2 billion by end-March, sources say

State Bank of India (SBI), the country's largest lender, aims to strike a deal by end-March for the sale of its 24% stake worth 184.2 billion rupees ($2.2 billion) currently in smaller rival Yes Bank, four sources with direct knowledge said. Japanese lender Sumitomo Mitsui Banking Corp and Dubai-based Emirates NBD are in advanced talks to acquire a majority stake in Yes Bank, two of these sources said. Sumitomo Mitsui is a unit of Sumitomo Mitsui Financial Group, Japan's second-biggest bank.

Reuters 8 months ago

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State Bank of India's Dividend Analysis

State Bank of India (SBKFF) recently announced a dividend of $1.64 per share, payable on a to-be-announced date, with the ex-dividend date set for 2024-05-21. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's delve into State Bank of India's dividend performance and assess its sustainability.

GuruFocus.com 11 months ago

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Performance Overview

Return	SBIN.BO	S&P BSE SENSEX (^BSESN)
YTD	-1.97%	+1.68%
1-Year	-3.32%	+9.74%
3-Year	+72.48%	+45.87%

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State Bank of India (SBIN.BO)

Japan's SMBC to take 20% stake in India's Yes Bank

State Bank of India (SBKFF) Q4 2025 Earnings Call Highlights: Strong Profitability Amidst Challenges

State Bank of India targets 12-13% loan growth on tariff uncertainty

State Bank of India shelves $1.7 billion fund raising as yields elevated, sources say

Reliance's Jio Financial to buy Jio Payments Bank shares from SBI for 1.05 billion rupees

State Bank of India sees sector's personal loan woes easing on tighter credit rules

State Bank of India (SBKFF) Q3 2025 Earnings Call Highlights: Robust Profit Growth Amidst ...

State Bank of India aims to raise 50 billion rupees via perpetual bonds, sources say

BPCL secures financial closure for Bina Refinery expansion project in India

State Bank of India plans significant expansion of branch network

State Bank of India (FRA:SID) Q2 2025 Earnings Call Highlights: Robust Profit Growth and ...

How to invest in the Indian stock market

India's SBI aims to sell its Yes Bank stake worth $2.2 billion by end-March, sources say

State Bank of India's Dividend Analysis

Performance Overview