State Bank of India (Hindi: भारतीय स्टेट बैंक) (SBI) (BSE: 500112, LSE: SBID) is the largest state-owned banking and financial services company in India, by almost every parameter - revenues, profits, assets, market capitalization, etc. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. The Government of India nationalized the Imperial Bank of India in 1955, with the Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India. In 2008, the Government took over the stake held by the Reserve Bank of India.
SBI provides a range of banking products through its vast network of branches in India and overseas, including products aimed at NRIs. The State Bank Group, with over 16,000 branches, has the largest banking branch network in India. With an asset base of $352 billion and $285 billion in deposits, it is a regional banking behemoth. It has a market share among Indian commercial banks of about 20% in deposits and advances, and SBI accounts for almost one-fifth of the nation's loans.
Banks to start rate cuts after prod by govt
Mar 18 - The Times of India
Owner's profile linked to car cover
Feb 28 - The Times of India
Feb 27 - The Times of India
SBI slashes education loan rates by up to 1pc
Feb 27 - The Times of India
Nothing final on fresh loans to Kingfisher: SBI
Feb 26 - The Times of India
Sensex dips 283 pts, SBI plunges 8%
Feb 22 - The Times of India
Bank bailout for Kingfisher hangs in balance
Feb 22 - The Times of India
SBI likely to usher in lower rate regime
Feb 19 - The Times of India
SBI education loans set to get cheaper
Feb 13 - The Times of India
Record interest spreads boost SBI Q3 net by 15%
Feb 13 - The Times of India
SBI Q3 net profit up 15%, beats forecast
Feb 13 - The Times of India
SBI waives service fee on SME loans under CGT scheme
Feb 05 - The Times of India
Govt will infuse Rs 7,900 crore into SBI
Jan 30 - The Times of India
Govt will infuse 7,900cr into SBI
Jan 30 - The Times of India
State Bank of India may return to overseas markets
Jan 27 - The Times of India
Jan 19 - The Times of India
SBI slashes processing fee on home loans
Jan 12 - The Times of India
Banks seek review of AI debt recast plan
Jan 10 - The Times of India
CRR cut unlikely in RBI review: SBI chief
Jan 10 - The Times of India
Kingfisher Airlines in default, a non-performing asset: SBI
Jan 05 - The Times of India
By IBTimes
Bombay Stock Exchange's benchmark Sensex fell Tuesday by more than 145 points, or 1 percent, as the rupee tumbled to a record low of 55.39 against the dollar. (May 22)
MORE TOPICS: BOMBAY STOCK EXCHANGE, INDIA, RBI, ICICI
By IBTimes IN
The BSE Sensex posts its third consecutive daily gain on Monday after State Bank of India boosted the outlook of the stock market with its impressive earning last week. However, rupee hits a new record low at 55 per dollar, which could affect the stocks. (May 21)
MORE TOPICS: INDIA, MORGAN STANLEY, RBI, INFOSYS, ICICI, INVESTMENT
By IBTimes
The Indian rupee Monday touched a record low of 55 against the dollar because of the strong demand for dollar from importers, weak global cues and delay over policy reforms from the government. (May 21)
MORE TOPICS: FTSE, BOMBAY STOCK EXCHANGE, INDIA, RBI, ICICI
By IBTimes
Bombay Stock Exchange (BSE) sensex closed at a four month low by shedding nearly 67 points on Wednesday as weak global trends triggered heavy fund outflows. The BSE bench mark 30 share index lost 66.60 points to reach 16,479. (May 09)
MORE TOPICS: GOLD, BOMBAY STOCK EXCHANGE, GOLD PRICES, ELECTIONS, INDIA, ICICI
By IBTimes
Asian markets were down Friday as more negative outlook by European Central Bank president Mario Draghi and weaker-than-expected US Institute for Supply Management non-manufacturing report weighed on investor sentiments. (May 04)
MORE TOPICS: MANUFACTURING, AUSTRALIA, INDIA, EUROPEAN CENTRAL BANK, MANAGEMENT
By IBTimes IN
The BSE Sensex fell by 0.45 percent in the opening trade on Wednesday because of the long weekend ahead. Traders are precautious, as the market will be closed on Thursday and Friday for holidays. (Apr 04)
By IBTimes IN
The BSE Sensex was up by 0.68 percent on Tuesday, its highest close in two weeks. Heavy Electricals (BHEL) gained after posting positive provisional earnings and lenders also expect the Reserve Bank of India (RBI) to cut rate this month. (Apr 03)
By IBTimes IN
The BSE Sensex gained over 1.2 percent in the previous session but it closed nearly one percent down on Wednesday. Banks lead the fall on worries of a rise in cost of funds and heavy government borrowing. (Mar 28)
MORE TOPICS: BOMBAY STOCK EXCHANGE, INDIA, ICICI
By IBTimes IN
The BSE Sensex closed up by 1.65 Percent on Wednesday, its second straight rise. Software companies and financial institutions gained on renewed growth hopes. (Mar 21)
MORE TOPICS: INDIA, INFOSYS, MAHINDRA SATYAM, ICICI
By IBTimes IN
The BSE Sensex fell yet again on Monday as the country's financial sectors like banks have been hit. Earning worries also hit the technology stocks, leading to fall of stocks for a third straight session. (Mar 19)
MORE TOPICS: INDIA
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