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.
The bank said that it needs more time to disclose details of Electoral Bonds encashed by political parties.
Along with the sharp decline in poverty in India, there has also been a marked reduction in the rural-urban income divide in the country, according to an SBI Research analysis of a Consumer Expenditure Survey released on Tuesday.
The global investment banking firm Goldman Sachs has downgraded State Bank of India (SBI) and ICICI Bank, saying the Goldilocks period for banks is over.
The public sector lender earned Rs 105,733.78 crore in interest income in the reported quarter which was up 22% from Rs 86,616.04 crore reported by SBI in the year ago period.
The wage revision will be effective from 1.11.2022 for a period of five years.
