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SBI Q3 net profit down 34% at Rs 2,234 crore

Last Updated: Friday, February 14, 2014, 13:33

The country's largest lender, State Bank of India, on Friday reported a consolidated net profit of Rs 2,234 for the third quarter ended December 31.

State Bank of India raises $1.28 billion via share sale

Last Updated: Friday, January 31, 2014, 09:49

State Bank of India, the country's largest lender, said it has raised 80.32 billion rupees through a sale of shares to institutional investors to boost its capital requirements.

SBI raises Rs 8,032 cr in country's biggest QIP issue

Last Updated: Thursday, January 30, 2014, 22:37

State-owned bank SBI has raised Rs 8,032 crore by selling shares through qualified institutional placement, making it the biggest ever equity sale via this route, but largely aided by LIC.

State Bank of India launches up to $1.5 billion share sale

Last Updated: Tuesday, January 28, 2014, 23:12

India`s largest lender, which accounts for a quarter of the country`s loans and deposits, will use the proceeds to boost its domestic and overseas banking operations, said the sources.

SBI undecided on QIP issue due to weak market conditions

Last Updated: Tuesday, January 28, 2014, 01:50

The public sector lender has already received approval from its shareholders for the QIP and it will be followed by the Rs 2,000-crore fund infusion from the government.

RBI may keep rates steady in Jan 28 review: SBI research

Last Updated: Thursday, January 16, 2014, 16:23

The Reserve Bank of India may keep interest rates "steady" in its monetary policy review later this month and a rate cut is likely only in the next financial year, according to an SBI research report.

SBI fears more strain on asset quality

Last Updated: Tuesday, January 14, 2014, 18:32

SBI's gross NPA fell to 5.64 percent of total advances as on September 2013.

SBI says ATM ops in losses, supports idea charging customers

Last Updated: Sunday, January 12, 2014, 13:39

SBI has the largest network of ATMs.

SBI gives 2-years sabbatical to women staff; may extend to males

Last Updated: Wednesday, January 08, 2014, 18:54

State Bank of India (SBI) is likely to extend this facility to single male parents as well.

FIR against guards for embezzlement of Rs 1.14 cr from ATM

Last Updated: Sunday, January 05, 2014, 14:57

Two guards of a private security agency have been booked for alleged embezzlement of Rs 1.14 crore from an ATM in Bihar`s Muzaffarpur district.

Asset strains to haunt for at least 3 quarters: SBI

Last Updated: Sunday, January 05, 2014, 14:32

Faced with rising stressed assets over the past two years, the nation's largest bank SBI has said it does not expect to come out of the woods till the end of 2014 and an uptick in growth is central to the turnaround of the banking system.

No new capital needed for 2 yrs post Rs 11.5K cr QIP: SBI

Last Updated: Friday, January 03, 2014, 15:20

SBI will not require fresh capital for two years after its forthcoming Rs 11,500 crore qualified institutional placement goes through, and any overseas bond sale is expected only after the QIP.