SBI raises ₹7,500 cr via Tier 2 bonds; here’s how PSU bank stock reacts
The PSU bank has raised the fund at a coupon rate of 7.42% through its first Basel III compliant Tier 2 bond issuance for the current financial year.
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August 2024
July 2024
SBI shares fall 5% post strong Q1 amid global sell-off
SBI reported a net profit of ₹17,035 crore, witnessing a growth of 0.89% YoY, while its net interest income (NII) surged 5.71%
Bank Nifty extends fall for 2nd day; SBI, HDFC, Axis, ICICI Bank down up to 2%
10 out of 12 Nifty bank stocks were trading lower, barring Federal Bank and AU Small Finance Bank.
Stock market review: Movers and shakers of Budget day
In the BSE Sensex pack, 11 out of 30 stocks ended in green on Budget day, led by Titan, ITC, Adani Ports, NTPC, and Infosys.
Budget 2024: From RIL to SBI, BEL to Ultratech; top picks for July 23
The focus will be on continuation of existing capex agenda in infra, railways, defence, and renewable space, says JM Financial.
SBI raises ₹10,000 cr via infra bonds; here’s how stock reacted
This is the sixth infra bond issued by the PSU bank; the proceeds will be used for funding infrastructure and affordable housing segments.
SBI bats for tax parity of FDs with mutual funds, stocks
The government should tweak the tax rate on interest earned from fixed deposits, says SBI's group chief economic adviser
Banks Profit From Digital Connect
Technology is a top priority for Indian banks as they look to improve services and expand in a competitive market.
PC Jeweller shares hit 10% upper circuit on settlement offer from PNB
Last month, PC Jeweller had also received a similar proposal from Union Bank of India to settle its outstanding dues.
SBI Taps Tech To Boost Profits
India’s biggest lender banks on technology to grow in the face of onslaught by fintech players and private banks.
