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...
by Megha Malhotra | Feb 7, 2022 | Financial News, India
State Bank of India (SBI) reported a 62% jump in its Q3 profits to INR 84bn ($1.1bn), its highest quarterly net profit ever. The bank’s domestic non income margin was at 3.40%, increasing 6bps YoY. Its gross non-performing asset (NPA) ratio declined by 94bp to...
