State Bank of India will hold a meeting of the Board of Directors of the Company on 6 February 2025.Powered by Capital Market - Live News

State Bank of India announced that the term of Prafulla P. Chhajed, Director, nominated by the Central Government u/s 19(d) of the SBI Act, 1955, ended on 20 December 2024 on account of completion of his term.Powered by Capital Market - Live News

State Bank of India raised Rs 50,000 crore domestic bonds in FY 2025. The Bank raises Rs 5,000 crore AT1 Bonds, Rs 15,000crore Tier 2 Bonds and Rs 30,000 crore Long Term Bonds till date during FY25 at very competitive rate. All these issues have attracted overwhelming response from investors and were oversubscribed by more than 2 times against the respective base issue size. The investors were across provident funds, pension funds, insurance companies, mutual funds, Banks etc.Bank`s AT1 Bonds are rated AA+ (stable outlook) and both the Tier 2 and Long Term Bonds are rated AAA (stable outlook). These bonds are of 15 years tenor except for the AT1 Bonds which is perpetual. The AT1 and Tier 2 Bonds raised by the Bank during the year are issued with call option after 10 years or any anniversary date thereafter.Powered by Capital Market - Live News

State Bank of India (SBI) raised Rs 10,000 crore today at a coupon rate of 7.23% through its seventh infrastructure bond issuance. The issue attracted overwhelming response from investors with bids in excess of Rs 11,500 crore and was oversubscribed in excess of 2 times against the base issue size of Rs 5,000 crore. The total number of bids received was 85 indicating wider participation with heterogeneity of bids. The investors were across provident funds, pension funds, insurance companies, mutual funds etc. The proceeds of bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment.Based on the response, the Bank has decided to accept Rs 10,000 crore at a coupon rate of 7.23% payable annually for a tenor of 15 years. The instrument is rated AAA with stable outlook. Powered by Capital Market - Live News

Net profit of State Bank of India rose 22.88% to Rs 19782.76 crore in the quarter ended September 2024 as against Rs 16099.58 crore during the previous quarter ended September 2023. Total Operating Income rose 12.71% to Rs 121044.68 crore in the quarter ended September 2024 as against Rs 107390.78 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income121044.68107390.78 13 OPM %48.1944.72 - PBDT27474.3121935.71 25 PBT27474.3121935.71 25 NP19782.7616099.58 23 Powered by Capital Market - Live News