Tag: State Bank of India

SBI’s credit card business aims to raise $1.1bn via IPO

MUMBAI: SBI Card & Payments Services Ltd, the credit card subsidiary of State Bank of India (SBI) , plans to raise about 80 billion Indian...

State Bank of India first-quarter profit misses estimates on tax expense

BENGALURU: State Bank of India (SBI) on Friday reported a smaller-than-expected profit of 23.12 billion rupees ($332.15 million) for the first quarter, hit by a...

India’s SBI tightens lending terms for auto dealers

MUMBAI: State Bank of India (SBI) has tightened lending terms dramatically for auto dealerships, according to a source and an internal memo seen by Reuters,...

State Bank of India gets sealed bid for Jet Airways from Etihad

BENGALURU: A unit of State Bank of India , which is overseeing the bidding process for Jet Airways Ltd, said on Friday it had received...

State Bank of India says two bids received for Jet Airways

MUMBAI: State Bank of India (SBI)  said on Friday that it has received two unsolicited bids for ailing Jet Airways, nearly a month after the...

State Bank of India turns in profit for fourth quarter

BENGALURU: State Bank of India (SBI)reported a profit for the fourth quarter, compared with a record loss a year ago, as the country's largest lender...

Lenders to Jet to reach final resolution in one week

MUMBAI: A consortium of lenders led by the State Bank of India (SBI) should reach a final resolution plan to rescue embattled Jet Airways in...

State Bank of India fixes glitch that may have exposed customer data

State Bank of India (SBI), the country's largest lender, has fixed a glitch in its systems that may have exposed the financial information of millions...

State Bank of India posts biggest quarterly profit in nearly 7 years

State Bank of India beat expectations and posted its highest quarterly profit in nearly seven years on Friday, as the country's biggest lender by assets...

SBI sees asset quality improve further after quarterly profit beats estimates

State Bank of India (SBI) on Friday said it expects non-performing asset levels to come down in the short term after it beat expectations with...