SBI

The State Bank of India (SBI), the country’s largest lender, has revised its home loan interest rates upward by 25 basis points, aligning with evolving market conditions and interest rate dynamics. This change is expected to influence both new borrowers and existing customers with floating-rate loans, potentially increasing monthly equated installments (EMIs). While the hike reflects broader shifts in the cost of funds, it also underscores the balancing act between maintaining profitability for banks and affordability for consumers.

The State Bank of India (SBI) has introduced the Agniveer Loan Scheme, designed to provide tailored financial support to recruits of the Indian Armed Forces under the Agnipath programme. This initiative aims to offer accessible credit for meeting personal and family needs during their service tenure, ensuring that young defence personnel can manage expenses without financial strain. The scheme features competitive interest rates, minimal documentation, and a streamlined approval process, reflecting SBI’s commitment to empowering the nation’s military aspirants.

The State Bank of India (SBI) has announced a revision in its Immediate Payment Service (IMPS) transaction charges, effective August 15. The changes will apply to transactions conducted through branch channels, impacting certain transaction slabs while keeping smaller-value transfers free of cost. The move is aimed at aligning transaction costs with operational expenses and encouraging greater adoption of digital payment modes.

State Bank of India (SBI), the country's largest public sector lender, posted a net profit of Rs. 19,160 crore for the quarter ended June 2025, marking a 12% year-on-year increase. The earnings growth was fueled by robust loan disbursements, higher net interest income, and controlled asset quality. The bank also benefited from stable margins and improved operational efficiency. Despite a challenging macroeconomic environment, SBI’s quarterly performance reflects resilient fundamentals and a diversified portfolio strategy.

The recent public listing of National Securities Depository Ltd. (NSDL) has transformed into an extraordinary wealth-creation event for its key stakeholders, including the National Stock Exchange (NSE), State Bank of India (SBI), and HDFC Bank. The IPO, which debuted at a moderate valuation, has unlocked staggering value—catapulting initial investments into multibagger territory with a jaw-dropping return of up to 39,900%.

State Bank of India (SBI), the country’s largest lender, has launched a qualified institutional placement (QIP) aiming to raise up to Rs. 10,000 crore, with the floor price fixed at Rs. 811.05 per share. This strategic capital infusion, the bank’s largest equity raise since its 2020 QIP, is designed to bolster its capital adequacy in anticipation of sustained credit demand. The issue has already attracted keen interest from domestic and global institutional investors, underscoring robust confidence in SBI’s growth trajectory amid a resilient banking sector backdrop.

State Bank of India (SBI), the nation’s largest lender, is preparing to bolster its capital reserves through a significant debt market exercise. In a strategic move aimed at sustaining credit growth and fortifying its balance sheet, SBI plans to issue infrastructure bonds totaling up to Rs. 20,000 crore during the financial year 2025-26. This initiative underlines the bank’s confidence in India’s economic momentum and its readiness to support expansive funding needs across infrastructure and allied sectors.

State Bank of India (SBI), the country's largest public sector lender, commemorated its 70th anniversary with a large-scale humanitarian initiative—mobilizing employees and their families in a nationwide blood donation drive. The campaign, conducted across multiple branches and centers, resulted in the collection of more than 89,000 units of blood, underscoring the bank’s commitment not only to financial inclusion but also to social responsibility.

In response to expanding business demands, India’s public sector banks (PSBs) are set to onboard approximately 50,000 new employees in the current financial year, with around 21,000 officer-level positions and the remainder comprising clerical and support staff. Leading the recruitment drive, State Bank of India (SBI) plans to hire nearly 20,000 personnel, including specialized officers.

In a significant development, State Bank of India (SBI) has officially designated Reliance Communications Ltd.’s (RCom) loan account as “fraud,” implicating its former director, Anil Ambani, in the process. The move prompted swift responses from two other Reliance Group entities—Reliance Infrastructure and Reliance Power—both of which issued clarifying statements to assure markets of their independence from RCom. Despite their efforts to contain the damage, investor sentiment weakened, with shares of both companies falling sharply on July 4.