State Bank of India News

Allowing MFs to launch passive ELSS a welcome step: Motilal Oswal AMC

SEBI allowed mutual funds to launch passively managed ELSS, though with a caveat that mutual funds can have either an actively-managed ELSS scheme or passively-managed one, but not in both categories

TMS EP451: RBI repo rate pause, PSU banks, markets, Nvidia GPUs_67132

Will today's pause by RBI lead to a pivot? Why are public sector banks under pressure? Markets factoring in most positives; what's next? Why are Nvidia GPUs so important? All answers here

Ex-Tesla Autopilot chief CJ Moore leaves Apple electric car project 1_66882

CJ previously served as a director of development of Tesla's autopilot software with seven years at the company, and most recently as a director of autonomous systems at Apple.

Analysts cut target prices on SBI stock as lender misses Q4 estimates_63287

SBI Q4 result review: Global brokerage Nomura has cut the lender's target from Rs 650 to Rs 610 as it reported flat net interest margin (NIM) of 3.15 per cent

Trading strategies in SBI, BoB, Tech Mahindra, DMart post Q4 results_63219

Watch out for these key levels on SBI and Bank of Baroda, while Tech Mahindra and DMart can be avoided for now.

Stocks to Watch: Adani Group, RIL, SBI, Dmart, Railtel, Bandhan Bank, PSBs_63094

Stocks to Watch Today: Bharat Forge, Fino Payments Bank, MCX India, RateGain Travel, Raymond and VIP Industries are some of the notable companies scheduled to announce Q4 results on Monday.

M-cap of eight biggest firms falls over Rs 2.48 trn; Reliance biggest drag_63054

The market valuation of Reliance Industries tumbled Rs 1,30,627.7 crore to reach Rs 16,42,568.98 crore.

SBI posts record quarterly profit of Rs 9,114 cr, misses Street estimates_62743

The bank's profit growth was mainly due to improvement in its net interest margins and a sharp decline in loan loss provisions

SBI Q4 result: Profit rises 41% to Rs 9,113 cr; Rs 7.10-dividend announced_62528

SBI Q4 result: The numbers missed Street estimates, which was expecting the net profit to rise in the range of 63-72 per cent YoY to come in between Rs 10,493 crore and Rs 11,056.7 crore

SBI Q4 profit may rise over 60% YoY but NIM could contract mildly: Analysts_62055

SBI Q4 Preview: The increase in net profit would be aided by up to 19 per cent YoY/5 per cent QoQ growth in net interest income (NII) at Rs 32,100 crore

Rate hike impact: Rate sensitive shares tumble as RBI ups rate by 40bps_59687

At 02:27 PM: Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Auto and Nifty Auto index were down between 1.3 per cent and 2 per cent on the NSE.

Trading strategies for beaten down HDFC twins, bank stocks_54841

HDFC twins, HDFC in particular, may see some more downward pressure; whereas PSU banks like SBI, Canara Bank and BoB can rally up to 9 per cent.

Bank credit growth seen in double digits in Q4; flat NIMs likely: Analysts_52508

Q4 preview: Analysts believe earnings momentum is likely to gather pace, with healthy loan growth, stable margins, and improving asset quality trends

Bajaj Auto, DLF, SBI: Strategies for rate sensitive stocks post RBI policy_51871

AU Small Finance Bank and Bajaj Auto seem well placed on the technical charts and should be able to witness decent gains in the weeks ahead.

Rate sensitive shares trade mixed after RBI keeps repo rate unchanged at 4%_51859

At 10:40 am; barring the Nifty PSU index which gained nearly a per cent, most of the other sectoral indices such as Nifty Bank, Financial Services, Auto and Realty were more or less unmoved.

Foreign investors likely to return to Indian equities soon: Chris Wood_44696

Foreign portfolio investors exited India in droves and have sold stocks since October 2021 amid fears of an earlier and faster-than-expected rate hike by the US Federal Reserve (US Fed)

Bouncing Back! SBI, Axis Bank, AU SFB cross key hurdles, more upside likely_41819

Banking shares have bounced back strongly in trades on Thursday amid hopes of a peace deal between Russia and Ukraine on planned diplomatic talks.

Finance stocks in focus; Axis Bank, Bajaj Finserv, SBI rally up to 6%_41828

At 11:53 am; Nifty Bank, Nifty Financial Services, Nifty PSU Bank and Nifty Private Bank indices were up 4 per cent, as compared to a 2.3 per cent rise in the Nifty50 index.

Selling in bank stocks to continue despite 20% fall since Feb, say analysts_40934

Nomura pointed out that even though the outlook for banks remains positive, a prolonged conflict-like situation would be negative for global growth

RBI Policy impact: Nifty PSU Bank index, SBI can rally up to 12%; BoB 17%_30075

The RBI left key rates - repo and reverse repo unmoved at 4 per cent and 3.35 per cent, respectively.