SBI to raise Rs 20,000 crore via bonds; share price climb 2%
On Wednesday, the SBI said that it will raise up to Rs 20,000 crore via issue of bonds to domestic investors in current fiscal year.
In a regulatory filing, SBI said its board has '…Bank in its meeting held today i.e. 16.07.2025, inter alia, accorded approval for raising funds in INR by issue of Basel III compliant Additional Tier 1 and Tier 2 Bonds, up to an amount of ₹ 20,000 Crores (Rupees Twenty Thousand Crores only) to domestic investors during FY26, subject to GOI approval wherever required.'
State Bank of India (SBI) is a component of the BSE Sensex. According to the BSE analytics (July 16), shares of SBI gave positive returns of 2.76 per cent and 2.46 per cent in the last 1 week and 2 weeks, respectively. In the last 1 month and 3 months, shares of the state-owned bank rose 5.09 per cent and 7.96 per cent, respectively. Shares of the PSB fell 5.41 per cent in the last 1 year. In the past 2 years, 3 years, 5 years, and 10 years, shares of the company gained 42.56 per cent, 73.95 per cent, 347.48 per cent, and 206.61 per cent, respectively.
SBI paid dividend of Rs 15.90 in May, 2025. Similarly, in 2021, 2022, 2023, and 2024, the PSU bank announced dividends of Rs 4, Rs 7.10, Rs 11.30, and Rs 13.70, respectively.
SBI never issued bonuses for its shareholders.
At the current market price, the dividend yield of SBI is 1.91 per cent.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
23 minutes ago
- Mint
ONGC, bp tie up to drill stratigraphic wells in offshore sedimentary basins
New Delhi: State-run Oil and Natural Gas Corp. Ltd (ONGC) on Thursday signed a memorandum of understanding (MoU) with global energy major bp to collaborate on drilling stratigraphic wells in four offshore sedimentary basins in India—Andamans, Mahanadi, Saurashtra and Bengal. The MoU was signed during the second edition of Urja Varta 2025, a conclave on upstream oil and gas sectors organized by the Directorate General of Hydrocarbons. A stratigraphic well is drilled specifically to obtain geological information rather than for oil or gas production. "ONGC has signed a strategic Memorandum of Understanding (MoU) with bp_plc on 17 July 2025, to collaborate on drilling stratigraphic wells in India's Category II & III offshore sedimentary basins: Andaman, Mahanadi, Saurashtra, and Bengal. This partnership will enhance geological understanding and unlock untapped hydrocarbon potential, strengthening India's long-term energy security," ONGC said in a tweet. Commenting on the development Kartikeya Dube, head of country, bp India and senior vice president, bp group said: "We are excited to underpin our existing alliance with ONGC in this project of national and strategic significance. We believe drilling of new stratigraphic wells will be very valuable and can lead to a new understanding and potential." He added that bp's experience in deep water exploration supported by new seismic technologies would be of great assistance during the evaluation and subsequent drilling of stratigraphic wells. In the ninth round of auctions under Centre's Open Acreage Licensing Policy (OALP), ONGC tied up with Reliance Industries Ltd and bp plc for a block in the Saurashtra Basin. This marked the entry of London-headquartered bp into India's upstream exploration & production (E&P) space. In the ninth round ONGC secured 15 blocks—four in partnership with other players, and 11 independently. In February this year ONGC had signed an MoU with bp for collaboration in exploration and production of oil and gas, energy trading and other segments in the energy business both in India and internationally. The state-run energy major's shares on the BSE closed at ₹ 243.90 on Thursday, higher by 0.41% from its previous close.
&w=3840&q=100)
Business Standard
23 minutes ago
- Business Standard
Markets end lower on selling in IT stocks, fresh foreign fund outflows
The 30-share BSE Sensex dropped 375.24 points or 0.45 per cent to settle at 82,259.24. During the day, it fell by 415.21 points or 0.50 per cent to 82,219.27 Press Trust of India Mumbai Benchmark stock indices Sensex and Nifty settled lower on Thursday following selling in information technology (IT) and banking shares and investors remaining in a wait-and-watch mode ahead of the outcome of the US-India trade talks. The 30-share BSE Sensex dropped 375.24 points or 0.45 per cent to settle at 82,259.24. During the day, it fell by 415.21 points or 0.50 per cent to 82,219.27. The 50-share NSE Nifty closed lower by 100.60 points or 0.40 per cent to 25,111.45. Fresh foreign fund outflows and subdued quarterly earnings dented investors' sentiment, experts said. Among Sensex firms, Tech Mahindra declined nearly 3 per cent after its June quarter earnings failed to cheer investors. IT services firm Tech Mahindra reported a nearly 34 per cent year-on-year increase in consolidated net profit to ₹1,140.6 crore for the quarter ending June 30, on the back of growth in communications and financial services verticals. Infosys, HCLTech, Eternal, Larsen & Toubro, Tata Consultancy Services, and Axis Bank were also among the laggards. However, Tata Steel, Trent, Titan and Tata Motors were among the gainers. Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,858.15 crore on Wednesday, according to exchange data. "Indian equity benchmarks ended marginally lower as investors exercised caution amid subdued Q1 earnings announcements, particularly in the technology and banking sectors. Market participants remained sidelined due to elevated valuations of largecap stocks and FII outflows owing to the uncertainty regarding US-India trade deal; however, any positive developments could amplify market sentiment," Vinod Nair, head of research, Geojit Investments Limited, said. The BSE smallcap gauge climbed 0.30 per cent and midcap index went up by 0.07 per cent. Among BSE sectoral indices, BSE Focused IT tanked 1.47 per cent, followed by IT (1.33 per cent), tech (1.06 per cent), bankex (0.51 per cent) and, utilities (0.25 per cent). Realty jumped 1.22 per cent, metal climbed 0.62 per cent, commodities (0.42 per cent), healthcare (0.28 per cent) and, consumer discretionary (0.25 per cent). 'Markets largely remained in the negative zone amid uncertainty over the impending announcement of the India-US tariff outcome, as investors resorted to selling in banking, IT and oil & gas shares that led the downfall in key benchmarks. Once the deal is announced and if it suits the interests of both the countries, there will be a relief in the markets and we may see short-term spurt, else the sluggish to pessimist mood could continue. ,'Prashanth Tapse, senior VP (Research), Mehta Equities Ltd, said. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index settled in the positive territory while Hong Kong's Hang Seng ended lower. European markets were trading higher. The US markets ended higher on Wednesday. Global oil benchmark Brent crude dipped 0.06 per cent to USD 68.49 a barrel. On Wednesday, the Sensex edged up 63.57 points or 0.08 per cent to settle at 82,634.48. The Nifty ended 16.25 points or 0.06 per cent higher at 25,212.05.
India.com
23 minutes ago
- India.com
After getting Rs 170000000, Mukesh Ambani's back to back launch, gets Sebi's approval for 5 new schemes of…
Mukesh Ambani (File) Jio BlackRock Asset Management, the 50:50 joint venture between Jio Financial Services and BlackRock, had already successfully raised over Rs 17,800 crore ($2.1 billion) through the initial offering of three debt mutual fund schemes. The company has also secured approval from market regulator SEBI to launch five mutual fund schemes. Jio BlackRock New Mutual Funds Scheme These funds are JioBackRock Nifty 50 index, JioBlackRock Nifty 8-13 yr G-Sec Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, JioBlackRock Nifty Next 50 Index Fund, and JioBlackRock Nifty Midcap 150 Index Fund, an update with Sebi showed on Wednesday. On July 7, JioBlackRock Asset Management announced the closure of its maiden New Fund Offer (NFO), recording a total investment of Rs 17,800 crore (USD 2.1 billion). The fund was mobilised from three cash/debt mutual fund schemes — JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO received an overwhelming response from over 90 institutional investors and more than 67,000 retail investors. Jio BlackRock NFO The three-day New Fund Offer (NFO), held from June 30 to July 2, drew investments from more than 90 institutional investors. According to a press release, this strong response highlights investor confidence in Jio BlackRock Asset Management's data-driven investment strategy and digital-first approach. 'The overwhelming response to our first NFO from institutional and retail investors is a powerful endorsement of JioBlackRock Asset Management's innovative investment philosophy, risk management capabilities and digital-first approach. This is a strong start to our journey towards becoming a transformative force in India's evolving investment landscape, catering to all types of investors,' said Sid Swaminathan, Managing Director and CEO, JioBlackRock Asset Management. (With Inputs From PTI)
