$SBI

State Bank of India (SBI) has agreed to develop a 4.46 lakh sq ft residential complex for staff in Amaravati, investing INR 214 crore. Construction is set to start in June 2027, with completion targeted for 2028. This project is part of SBI's expansion in the region, where it is also building a regional office.

State Bank of India (SBI) Chairman CS Setty projects the bank's total business could double to ₹200 lakh crore by 2030, based on current growth rates. SBI's total business, including loans and advances, reached ₹110.01 lakh crore in June 2026. Setty links SBI's expansion to India's economic growth, targeting 11-12% annual balance sheet growth with a 7-8% economic growth rate. SBI aims to maintain a 12% CET1 ratio and 15% CRAR, focusing on efficiency and productivity gains.

State Bank of India (SBI) plans to charge Rs 17.70 (Rs 15 + 18% GST) for cash withdrawals beyond four per month from basic accounts, effective October 1, according to Manickam Tagore. He alleges other banks may follow, criticizing the Centre's reported UPI transaction charges, citing a rise in cash usage.

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.

State 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.

State 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.

State 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.

Indian 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.