
SBI hikes key lending rates across tenors: Check details here
The new rates will be applicable with effect from February 15, 2023.
The new rates will be applicable with effect from February 15, 2023.
Most brokerages have assigned “Buy” ratings to SBI shares after Q3 results, with a potential upside of 28% from the current market price.
The banking regulator had issued a framework for dealing with Domestic Systemically Important Banks (D-SIBs) in July 2014.
The board of SBI is scheduled to meet on January 3 to consider and approve a proposal to raise up to ₹10,000 crore through infrastructure bonds.
As credit offtake improves due to growing corporate interest and optimism around GDP growth, the banking sector is set to reap the riches.
Fundraising also includes a greenshoe option of ₹5,000 cr. SBI stock rises to an intra-day high of ₹613.50.
State Bank of India posted its highest ever standalone quarterly net profit at ₹13,265 crore in Q2 FY23, driven by strong loan growth and improved asset quality.
As an early gift to home buyers, the State Bank of India and HDFC bank are offering home loans at discounted rates of 8.40% as part of their festive offering.
State Bank of India has underwritten the entire debt requirement of ₹10,238 crore for the Ganga expressway projects, says Adani Enterprises.
After HDFC Bank and ICICI Bank, State Bank of India is the third lender to cross the ₹5 lakh crore market capitalisation mark.