SBI seeks largest dollar-denominated loan of 2024 worth USD 1.25 bn: Report
The loan is being raised for general corporate purposes through its branch at the Gujarat International Finance Tec-City, the report said.
The loan is being raised for general corporate purposes through its branch at the Gujarat International Finance Tec-City, the report said.
State Bank of India (SBI) on Friday reported 28 per cent spike in net profit at Rs 18,331 crore for the quarter ended September 30, 2024. In the year ago period, it reported net profit of Rs 14,330 crore. On a sequential basis, SBI's Q2 profit rose 7.6 per cent from Rs 17,035.16 crore.
State Bank of India MD Rana Ashutosh Kumar Singh, CGM, Kolkata circle Satyendra Kumar Singh, network GMs Sanatan Mishra and Nand Kishor Singh and GM
Reliance Industries, ICICI Bank, State Bank of India, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, and Infosys faced erosion from their market valuation.
The number of crorepati taxpayers in India increased five times to 2.2 lakh in the income tax assessment year (AY) 2024, compared to AY 2014, according to a new report.
SCNL said the private placement of bonds to SBI carry a coupon rate of 10.20 per cent per annum, payable semi-annually.
A seasoned banker, Sengupta, has more than 30 years of experience with the State Bank of India.
The bank originally received 93 per cent subscriptions but after adding the anchor investors' portion the total numbers rose to 95 per cent.
One-year MCLR, to which majority of the consumer loans are tied, now stands at 7.40 per cent against 7.60 per cent earlier.
The FPO issue will open from July 15 to July 17 and bidding by anchor investors will be held on July 14.
