The Executive Committee of the Central Board of Directors of State Bank of India approved the divestment of Bank`s entire stake, i.e., 7,90,80,000 equity shares at a price of Rs 13.22 per equity share in Jio Payments Bank to Jio Financial Services realizing Rs 104,54,37,600/-, subject to all regulatory approvals. Powered by Capital Market - Live News

Net profit of State Bank of India rose 70.40% to Rs 18853.16 crore in the quarter ended December 2024 as against Rs 11064.14 crore during the previous quarter ended December 2023. Total Operating Income rose 10.44% to Rs 124653.66 crore in the quarter ended December 2024 as against Rs 112868.34 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Total Operating Income124653.66112868.34 10 OPM %47.9444.51 - PBDT25566.4022344.83 14 PBT25566.4022344.83 14 NP18853.1611064.14 70 Powered by Capital Market - Live News

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