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SBI shares surge 3% in morning trade after merger approval with associate banks

SBI shares surge 3% in morning trade after merger approval with associate banks

Shares of State Bank of India today surged over three per cent in early morning trade after its board cleared the merger of five associate banks and Bharatiya Mahila Bank with itself.

Expert advice on SBI shares

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SBI gets shareholders nod to raise Rs 15,000 crore

SBI gets shareholders nod to raise Rs 15,000 crore

Country's largest lender SBI Friday said its has got shareholders' approval to raise up to Rs 15,000 crore by public issue or overseas issuance of shares.

Investing in heavyweights: SBI Vs ICICI

Find out the best performing heavyweights. Find out, which is better between SBI and ICICI Bank

SBI shares end nearly 4% up; mcap rises by Rs 7,025 crore post Q2

SBI shares end nearly 4% up; mcap rises by Rs 7,025 crore post Q2

The stock was the top gainer among the 30-Sensex components.

 

Hot Stocks: Expert's Take on SBI Bank and Axis Bank

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SBI shares down 5%; m-cap declines Rs 10,441 cr on Q1 numbers

State Bank of India's shares Tuesday fell by nearly 5 percent, wiping out Rs 10,441 crore from its market valuation, after the company saw increase in net non-performing assets on sequential basis in the June quarter.

SBI shares down nearly 3% post earnings; top loser on Sensex

The company's market value fell by Rs 2,312.46 crore to Rs 2,13,707.54 crore.

SBI may offer stock options, recruit specialists to overhaul debt-heavy sector

State Bank of India , the country`s largest lender, may offer employee share options, recruit specialists and promote faster - radical changes that promise to shake up a bloated, debt-heavy sector.

SBI to divest up to 10% stake in SBI Life Insurance

SBI Life Insurance is a joint venture between the State Bank of India and BNP Paribas Cardif, the life, property and casualty insurance arm of France`s BNP Paribas SA.

SBI Q3 net profit surges 30%; keeps NPAs, costs under control

SBI Q3 net profit surges 30%; keeps NPAs, costs under control

Country's largest lender State Bank of India Friday reported a 30 percent rise in net profit at Rs 2,910 crore for the third quarter ended December 2014 helped by higher treasury income and tight cost control steps.

SBI shares hit 52-week high; up over 4% post healthy earnings

The stock was the top gainer among the blue-chips on both Sensex and Nifty.

SBI shares down over 1% after Q1 results

Shares of SBI fell by over 1 percent Friday after the company reported a nominal increase of 3.3 percent in net profit for the quarter ended June 30.

SBI shares fall over 2% as investors book profit

Shares of SBI Monday ended more than 2 percent down as investors booked profit in the blue-chip stock after a sharp rally in the previous session.

SBI shares zoom over 10%; top gainer on Sensex, Nifty

Shares of SBI today soared by over 10 per cent, adding Rs 18,175 crore to its market value, after its fourth quarter earnings came in at better-than-expected.

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

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.

SBI undecided on QIP issue due to weak market conditions

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.

SBI to raise Rs 2,000 cr from bonds

The bonds with tenure of 120 months (10 year bullet) carries a coupon 9.69 per cent, it said.

SBI fixes issue price at Rs 1,783 for preferential allotment

State Bank of India (SBI) on Thursday fixed an issue price of Rs 1,782.74 a share for a preferential stock allotment to the government to raise Rs 2,000 crore as part of the capital infusion plan for this fiscal.

SBI shares rise 4% despite graft case against Deputy MD

Stocks of the country's biggest bank gained 3.84 percent to Rs 1,809 during afternoon trade at BSE.