State Bank of India
State Bank of India is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history.
What State files
- Others189
- Investor Meet153
- Updates56
- Important40
- Board Meeting13
- Dividend/Bonus11
United Forum of Bank Unions has served strike notices, proposing multiple strike dates starting September and a continuous strike from October. While the bank is arranging to maintain normal branch functioning, operations may face disruptions. Monitor service availability closely.
State Bank of India successfully raised USD 500 Million via 5-year senior unsecured fixed-rate notes, carrying a 5.25% coupon. These bonds will be listed on Singapore Stock Exchange, India INX, and NSE-IX GIFT City, diversifying funding sources.
State Bank of India successfully issued USD 100 million in senior unsecured floating rate notes. These funds enhance capital and will be listed on India INX, GIFT City.
Q1FY27 Net Profit surged 10.23% YoY to ₹21,121 Cr, with Operating Profit up 9.77% to ₹33,529 Cr. Business surpassed ₹110 Trillion, driven by 18.63% YoY advances growth. Asset quality improved significantly, with Gross NPA at 1.47% and Net NPA at 0.38%.
The Bank successfully issued ₹4,691 Cr in Basel III compliant Additional Tier 1 bonds, securing capital at a 7.75% perpetual coupon. This move enhances the bank's capital adequacy, reflecting strong investor interest with 89 bids.