WESTERN ASSET INTERMEDIATE MUNI FUND INC.
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See all $SBI insider activity →SBI Group and Nodeinfra signed an MoU to develop Project Musubi, a Japan-South Korea cross-border payment network using the Canton Network. The initial phase will use yen and won test tokens, not commercial stablecoins, while regulators finalize rules. SBI launched its JPYSC yen stablecoin in June. No commercial launch date or participants were named.
SBI sold a five-year dollar bond at an 88 basis-point spread over Treasuries, tighter than expected, according to CreditSights. CreditSights says supply-related extra yield is fading and expects SBI’s spread to tighten toward about 80 bps in secondary trading. The deal follows offshore funding by HDFC Bank and ICICI Bank and SBI’s board approval to raise up to $2 billion in major currencies this fiscal year.
SBI Capital Markets (SBICAPS), a wholly owned SBI unit, will sell up to 87.80 lakh shares in the proposed NSE IPO, replacing part of SBI’s earlier stake sale. SBI will sell up to 1.59 crore shares, totaling about 2.47 crore shares. NSE’s IPO is an OFS of 14.89 crore shares, aiming for September and about ₹30,000 crore.
Recent SBI coverage spans market movers, sector analysis and earnings.
Near-term impact is mostly optionality. The MoU and sandbox testing suggest limited immediate revenue, but it can improve SBI’s positioning if Japan-Korea regulated stablecoin rails progress.
A tighter-than-expected new-issue spread can lower clearing yields for subsequent Indian bank USD issuance and improve relative funding economics for SBI-linked risk.
SBI’s reduced selling allocation versus prior plan may slightly moderate near-term supply from the group, but total OFS shares remain the same.
The quote is a policy and infrastructure direction for MSME credit scoring, but it is not a direct, near-term financial catalyst for SBI’s stock.
The issuance is a funding action that can modestly affect SBI’s funding costs and balance-sheet liquidity, but it is not a direct equity catalyst.
alphai scores every news story that mentions SBI with an AI model for sentiment and relevance, and aggregates insider trades from WESTERN ASSET INTERMEDIATE MUNI FUND INC.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
SBI Group and Nodeinfra signed an MoU to develop Project Musubi, a Japan-South Korea cross-border payment network using the Canton Network. The initial phase will use yen and won test tokens, not commercial stablecoins, while regulators finalize rules. SBI launched its JPYSC yen stablecoin in June. No commercial launch date or participants were named.
4 min readSBI sold a five-year dollar bond at an 88 basis-point spread over Treasuries, tighter than expected, according to CreditSights. CreditSights says supply-related extra yield is fading and expects SBI’s spread to tighten toward about 80 bps in secondary trading. The deal follows offshore funding by HDFC Bank and ICICI Bank and SBI’s board approval to raise up to $2 billion in major currencies this fiscal year.
4 min readSBI Capital Markets (SBICAPS), a wholly owned SBI unit, will sell up to 87.80 lakh shares in the proposed NSE IPO, replacing part of SBI’s earlier stake sale. SBI will sell up to 1.59 crore shares, totaling about 2.47 crore shares. NSE’s IPO is an OFS of 14.89 crore shares, aiming for September and about ₹30,000 crore.
4 min readState Bank of India’s MD Ashwini Kumar Tewari said GST and banking data cover only part of India’s MSME sector, noting about 1 crore of 9 crore are GST registered. He urged using alternative digital data like electricity use and telecom records via credit bureaus, with automated models, to improve credit assessment.
2 min readState Bank of India (SBI) raised USD 100 million by issuing senior unsecured floating rate notes, a tap of its existing notes due 6 July 2029 (ISIN: XS3433781062). The Reg-S notes pay SOFR plus 100 bps quarterly and were issued 14 August 2026 via SBI’s London branch, listed on India INX at GIFT City.
2 min readState Bank of India (SBI) shares fell up to 1.49% on Aug. 10 on the NSE despite Q1FY27 results beating estimates. SBI reported 10.23% YoY standalone net profit to Rs.21,121.22 crore and higher interest income. Asset quality improved, but provisions rose and fresh slippages increased. Brokerages JM Financial and Emkay kept BUY, raising targets to Rs.1,275 and Rs.1,350.
4 min readIndian equities opened lower as uncertainty about the Strait of Hormuz reopening outweighed expectations that the U.S. Federal Reserve may not raise rates next month. The BSE Sensex fell 84 points to 78,414 and the NSE Nifty slipped 26 points to 24,544. SBI shares declined 1.3% after reporting a 10% rise in Q1 standalone net profit.
2 min readIndustry data for Q1 FY27 shows assets mobilized via associate mutual fund distributors rose 5.5% to Rs. 5.00 lakh crore from Rs. 4.74 lakh crore in March 2026. Associate AUM reached 6.05% of total industry assets. SBI MF led with Rs. 2.61 lakh crore. Baroda BNP Paribas (+52.16%) and Canara Robeco (+44.65%) posted biggest gains; Kotak (-16.83%) fell most.
4 min readState Bank of India reported standalone Q1 net profit up 10.2% year on year to Rs 21,121 crore for the quarter ended June 30, 2026, beating estimates, despite pressure on net interest margins. Net interest income rose 12.1% to Rs 46,992 crore. Asset quality improved, with GNPA down to 1.74% and net NPA to 0.39%.
4 min readUS President Donald Trump said he expects the war with Iran to end “pretty soon” but noted US forces face shortages of some weapons. In India, investors await State Bank of India’s June-quarter results, with Net Interest Income forecast by a CNBC-TV18 poll to rise 11.5% to ₹45,800 crore. Alibaba plans revenue sharing for its next Qwen AI model.
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