State Bank of India (SBI) shares were trading 1 per cent higher at Rs 362 on the BSE, after the state-owned lender said its board will consider raising capital additional tier-1 capital. The stock was trading close to its all-time high of Rs 364 touched on May 23, 2019 in intra-day trade.

The meeting of the bank's central board is scheduled to be held on Monday, July 1, to consider raising capital via Basel-III compliant debt instruments during the financial year 2020, SBI said in the filing after market hours on Wednesday.

Shares of SBI Life Insurance Company hit a 52-week high of Rs 715 per share, up 6 per cent intra-day, on the BSE on Wednesday with heavy buying being seen at the counter in respose to excessive bids being received for stake sale. The stock erased its entire loss of 5 per cent witnessed during Tuesday's trading session after the share-sale opened.

SBI Life Insurance shares dipped 5 per cent to Rs 675 in early morning trade on the BSE on Tuesday, as BNP Paribas Cardif's offer-for-sale (OFS) opened today. The floor price has been fixed at Rs 650 per share.

BNP Paribas Cardif, the foreign partner of SBI Life Insurance, will sell up to 25 million shares, representing 2.5 per cent stake in the insurance company, for at least Rs 1,625 crore through OFS mechanism. The two-day OFS today opened for non-retail investors and on Wednesday for retail investors.

After a rally of about 10% in Indian stocks over the past year, the nation’s second-biggest life insurer has one message for investors: it’s time to take some profit.

“It’s time to take some money out of equities because valuations are looking stretched,” Gopikrishna Shenoy, chief investment officer at SBI Life Insurance Co., which has most of its equity assets in larger stocks, said in an interview at his office in Mumbai.

State Bank of India (SBI), the country’s largest lender, plans to raise up to Rs 5,000 crore in debt to shore up capital adequacy and support business growth.

The bank will issue Basel III compliant tier-II bonds to raise debt capital.

The State Bank of India's (SBI) loan sanction process to a subsidiary of debt-laden pharmaceutical company Sterling Biotech has come under a cloud. A consortium banks led by the SBI provided guarantees of Rs 1,298.10 crore to Sterling Biotech's overseas oil subsidiary when the promoters of the company, Nitin Sandesara, Chetan Sandesara, Dipti Sandesara and Hitesh Patel, were already in the Reserve Bank of India's (RBI) wilful defaulters' list.

Mumbai: The country's largest lender State Bank of India (SBI) on Friday announced introduction of repo rate-linked home loans from July 1. The development comes after the Reserve Bank of India (RBI) in its Monetary Policy statement of June 6 cut the policy rate (repo rate) by 25 basis points.

According to experts, the new category of home loans linked to repo rate may see quicker transmission.

The country’s largest lender State Bank of India (SBI) has revised interest rates on its recurring deposits (RDs) with effect from 9 May 2019, according to the bank’s website. SBI RD interest rates vary between 6.4%-7% for general public and an additional interest rate hike of 0.50 percentage points for senior citizens. SBI recurring deposits has terms ranging from 12 months to 120 months.

State Bank of India (SBI) chairman Rajnish Kumar expects fiscal 2020 to be a turning point for India’s biggest lender. The bank will direct its efforts to achieve a more sustainable mix of business both in its domestic and overseas operations, Kumar wrote to the bank’s shareholders in SBI’s FY19 annual report.

State Bank of India (SBI) on Tuesday put on sale four non-performing assets (NPAs) worth Rs 230 crore on a 100% cash basis, with reserve prices implying haircuts of up to 79% for the accounts.

The four assets are Lovely International and Lovely Enterprises (Rs 95 crore), Abhijeet Ferrotech (Rs 89 crore), Trichy Tanjavur Expressway (Rs 24 crore) and Madurai Tuticorin Expressway (Rs 22 crore). The reserve prices for the four accounts suggest that the haircuts SBI is prepared to take stand at 79%, 63%, 48% and 43% respectively.

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