SBI share surges 4% post Q4; analysts see up to 51% upside
Post Q4 results, most analysts have maintained a 'buy' rating on SBI shares, with a potential upside of 51% from current market price.
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May 2022
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SBI shares slumped 5% despite strong growth in Q4 profit; here's why
Post Q4 results, SBI share price plunged 7.75% from the day’s high as top and bottom line growth failed to meet market estimates.
SBI Q4 net profit soars 41% to ₹9,113.53 crore
The bank's net interest income (NII) jumped 15% year-on-year to ₹31,198 crore in Q4.
ICICI Bank pips SBI in m-cap race, becomes second-most valuable Indian bank
With market capitalisation of ₹4,83,680 crore, ICICI Bank has become the second-most valuable Indian bank after HDFC Bank.
SBI to raise up to $2 bn via bonds in FY23
The public sector lender will raise the long-term funds in single or multiple tranches in U.S. dollar or any other convertible currency.
SBI’s Digital Drive
The country’s largest lender is on a digital overswing. The results speak for themselves.
SBI raises $500 million via IFSC Gift City branch
The three-year syndicated loan facility is for $400 million, with a green shoe-option of $100 million, says SBI.
After PNB, SBI acquires stake in ONDC; here’s all you need to know about the e-commerce platform
State Bank of India has acquired a 7.84% stake in Open Network for Digital Commerce (ONDC) for consideration of ₹10 crore.
Markets in bear grip: Sensex, Nifty end in red for 5th day, Tata Steel, TCS, SBI lead fall
All the sectoral indices , barring power, ended in the red; realty and PSU indices declined the most.
Good news for depositors! SBI hikes interest rates on FDs
State Bank of India has hiked interest rates on fixed deposits across various tenors.
