Shares of SBI Cards and Payment Services (SBI Cards) plunged 6 per cent to Rs 1,012 on the National Stock Exchange (NSE) and BSE in intra-day trade on Tuesday as private equity (PE) firm Carlyle Group’s proposed to divest 3.4 per cent stake in the company through a block trade.

As of 10:07 am; a combined 37.18 million equity shares representing 4 per cent equity of SBI Cards changed hands on the NSE (36.84 million shares) and BSE (1.31 million shares), the data shows. The names of the buyers were not ascertained immediately.

State Bank of India (SBI), on Wednesday, reported 55.24 per cent year-on-year increase in standalone net profit at Rs 6,504 crore for April-June quarter (Q1FY22), meeting Street expectations. The net profit in the year-ago period was Rs 4,189.4 crore.

Analysts, on average, projected profit after tax (PAT) to rise anywhere between 33-63 per cent, up to Rs 6,841 crore.

State Bank India (SBI) joined the elite club of companies with Rs 4-trillion market capitalization (m-cap) on the BSE on Wednesday after its share price hit a new high of Rs 448.45 in the intra-day trade. The stock of the country's largest state-owned lender surpassed its previous high of Rs 444.35, touched on July 30, 2021.

The bank is scheduled to announce its Q1FY22 results later today. In the past three months, the stock has rallied 27 per cent as compared to a 12.4 per cent rise in the S&P BSE Sensex.

Shares of State Bank India (SBI) moved higher by 3 per cent to Rs 438.60 on the BSE in intra-day trade on Thursday on the back of heavy volumes. The stock inched towards its record high ahead of its April-June quarter (Q1FY22) results next week. Analysts expect SBI to report a healthy performance, supported by recoveries and modest opex.

The stock of the state-owned lender had hit an all-time high of Rs 442 on June 3, 2021, after it reported a strong set of numbers for the March 2021 (Q4FY21) quarter.

India’s biggest bank is caught between Larry Fink and Narendra Modi.

State Bank of India needs to finance coal projects to meet the Indian leader’s push to electrify more homes, yet it wants to back renewable projects to appease investors like BlackRock Inc. For now it’s doing a bit of both.

State Bank of India (SBI) and HDFC Bank have moved the Supreme Court and sought a stay on the Reserve Bank of India's directive to banks to provide financially sensitive data under the RTI act, The Times of India reported on Friday.

According to the report, the two largest banks of India feared that such directive could be detrimental to their business operations and compromise the confidentiality of customer information.

Shares of State Bank of India (SBI) were up 4.4 per cent at Rs 418.90 on the BSE in intra-day trade on Monday, having rallied 9 per cent in the past two trading days, after the bank on Friday reported a strong performance on the asset quality front wherein slippages and restructuring were within guidance while sufficient provisioning buffer also provided comfort.

State Bank of India’s (SBI’s) net profit rose 80.1 per cent year-on-year (YoY) to Rs 6,451 crore in the fourth quarter ended March 2021, beating analysts' estimates on high net interest income (NII) and lower provisions. It had posted a net profit of Rs 3,581 crore in Q4FY20. Sequentially, net profit was up by 24.14 per cent against Rs 5,196 crore in Q3FY21.

In a good news for lakhs of savings account holders of State Bank of India, they can change the SBI Bank Branch work online from their home using the Online Banking services of the bank. The launch of the service means that SBI customers do not need to go to the branch for doing this work.

The SBI has taken this decision due to COVID-19 outbreak.

If you have an account in State Bank of India, HDFC Bank, Punjab National Bank, Axis Bank, Bank of Baroda, HDFC Bank, then there is very important news for you, because in the coming days you may face problems in banking services. Banks will be closed for 7 days from March 27 to April 4, but in the meantime, another worrying news is that you may face problems in online banking as well.

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