by Amruth Sundarkumar | Apr 26, 2023 | India, Investment Grade Bonds
Indian state-owned issuers led by State Bank of India (SBI) are planning to tap dollar bond markets over the upcoming weeks. SBI has already appointed six banks to arrange investor calls for a likely 5Y issuance, via its London branch. Besides SBI, Indian Railway...
by Amruth Sundarkumar | Aug 8, 2022 | Banks, India
Indian state-owned lender SBI reported a 6.7% YoY decrease in net profits to INR 65bn ($820mn) for the quarter ended June, missing analyst expectations of INR 74.96bn ($940mn). The dip in profits was impacted by MTM Losses on its investment book. The bank’s total...
by Amruth Sundarkumar | Jul 22, 2022 | Banks, India
Indian state-lender State Bank of India (SBI) plans to raise capital via the issuance of Basel lll compliant debt instruments in USD/INR or any other convertible currency, during the current financial year. The bank looks to raise fresh Additional Tier 1 (AT-1)...
by Amruth Sundarkumar | May 17, 2022 | Banks, India
India’s biggest lender State Bank Of India (SBI) reported its highest ever quarterly net profit with a 41% YoY jump to INR 91.14bn ($1.14bn) during its quarter ending-March 2022. The total income of the bank rose to INR 826.13bn ($10.63bn), up 1.6% YoY. SBI’s net...
by Amruth Sundarkumar | May 5, 2022 | Banks, India
India’s state-owned lender State Bank Of India (SBI) plans to raise $2bn by issuing long-term offshore bonds in the current financial year 2022-23. The bond issuance could be under a single deal or multiple tranches through a public offer or private placement of...
