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Business Upturn
16-07-2025
- Business
- Business Upturn
SBI board approves Rs 20,000 crore fundraise via bonds in FY26
State Bank of India (SBI) has announced that its Central Board, in a meeting held on July 16, 2025, has approved a proposal to raise up to ₹20,000 crore during FY26. In a regulatory filing dated July 16, 2025, SBI stated that the fundraising will be done through the issuance of Basel III-compliant Additional Tier 1 (AT1) and Tier 2 bonds in Indian Rupees, targeted at domestic investors. In the exchange filings, hte company shared, 'We refer to our letter no.: CC/S&B/AND/2025-26/247 dated 10.07.2025 intimating about the meeting of the Central Board of the Bank, pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Central Board of the 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.' The decision was taken during the Central Board meeting held earlier in the day, which started at 10:00 AM and concluded at 1:25 PM. In the meantime, SBI stock opened today at ₹816.00, touched an intraday high of ₹834.00, and dipped to a low of ₹815.30 during the session. SBI's 52-week high stands at ₹899.00, while the 52-week low is ₹680.00. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
The Hindu
03-05-2025
- Business
- The Hindu
SBI Q4 PAT slides 10% to ₹18,643 crore on higher provisions, board approves dividend of ₹15.90 per share
State Bank of India (SBI) for the fourth quarter ended March 31, 2025 reported 10% drop in net profit at ₹18,643 crore as compared with ₹20,698 crore in the year ago period due to higher provisions. Answering a question, SBI Chairman C.S. Setty said, 'There were some one-ups during the fourth quarter. The NII performed well and there was no major reason' The bank's Net Interest Income (NII) for the quarter grew 2.63% to ₹42,775 crore Year on Year (YoY). During the quarter the Net Interest Margin (NIM) was at 3.15% as against 3.47% YoY, down 32 bps. Loan Loss provisions during the quarter grew 20.35% to ₹3,964 crore. Central Board of the Bank, at its meeting held on Saturday declared a dividend of ₹ 15.90 per equity share of ₹ 1 each fully paid up for FY25. The record date for determining the eligibility of members entitled to receive dividend on equity shares is May 16. The bank has reported at it's advances increased 12.03% YoY to ₹42,20,703 crore and deposits grew 9.48% YoY to ₹53,82,190 crore. Gross NPA for the quarter was down 8.78% to ₹76,880 crore. Net NPA during the quarter reduced 6.58% to ₹19,667 crore. For FY25 the bank reported 16% growth in net profit at ₹70,901 crore. NII at ₹166,965 crore grew 4.43% YoY. For the full year the bank had a loan loss provision of ₹14,418 crore, an increase of 51.49% YoY. The bank has cut it's credit growth for this year. 'Our earlier guidance (for credit growth) was 14 to 16%, we are moderating that to 12 to 13%. The system level credit growth probably would be 10 to 11%,' Mr Setty said. He said the rate cut by the Reserve Bank of India would put pressure on the bank's margin but he could not quantify the impact. He said the bank's asset quality had been strong for the last five years and there was sufficient headroom to lend money for growth. The board has authorised the bank to raise ₹25,000 by way of Qualified Institutional Placement (QIP) or Follow on Public Offer (FPO).
Mint
24-04-2025
- Business
- Mint
SBI declares board meeting date to announce Q4 results 2025. Details here
The State Bank of India has declared the board meeting date to declare Q4 results 2025. 'In compliance with Regulation 29 (1) (a), Regulation 50 (1) and other applicable provisions of the SEBI (LODR) Regulations, 2015, we advise that a meeting of the Central Board of the Bank will be held on Saturday, 3rd May 2025 at Mumbai, inter-alia, to consider the financial results of the Bank for the quarter and year ended 31.03.2025,' SBI said. First Published: 24 Apr 2025, 12:13 PM IST
