Tag Archives: SBI

MUMBAI: SBI Cards reported a 6.4% decline in net profit to Rs. 556 crore for the June quarter, compared with Rs. 594 crore a year earlier, as higher impairment losses and bad debts offset revenue growth. The provisions rose 22.8% YoY to Rs. 1,352 crore. Source link

State Bank of India (SBI) and seven other lenders announced on Friday the sale of 20 percent of their combined stakes in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for Rs 13,483 crore, marking the largest cross-border investment in the Indian banking sector. Upon completion of this transaction, SMBC will become the single largest shareholder of Mumbai-based Yes …

The State Bank of India (SBI) will maintain a return on assets (RoA) of over 1 per cent in FY26 despite expected margin pressure due to the softening interest rate cycle, Chairman C S Setty said on Saturday.RoA is a key profitability ratio that reflects how efficiently a company generates profit from its assets. Speaking to analysts after announcing the …

MUMBAI: Kotak Mahindra Bankreported a 14% year-on-year decline in standalone net profit to Rs 3,552 crore for the quarter ended March 2025, as rising provisions and narrowing margins weighed on earnings. For the full year, standalone profit after tax rose 6% to Rs 13,720 crore, excluding a Rs 2,730 crore gain from the sale of a stake in its general …

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NEW DELHI: SBI’s main branch in the national capital marked the beginning of its centenary year with the release of a special cover on Tuesday. The branch was set up on Jan 4, 1926, and named Raisina Road Branch. It was renamed New Delhi Branch on March 4, 1926. Source link

MUMBAI: SBI chairman C S Setty said most banks don’t have the risk appetite to fund startups at an early stage. Nevertheless, he indicated the bank’s readiness to participate in funding from the Series B stage and beyond. “We need to work out an ecosystem where the equity support from the banking system is also available to the startups,” Setty …

MUMBAI: C S Setty, who took over as SBI chairman in August 28, is positioning the country’s largest bank as an entity focused on delivering quality service to customers by preparing the state-owned lender to harness technology. While upbeat on the economy, Setty tells TOI that the Budget should focus on pushing private sector capex. Also read: Economy to grow …