Following are the key corporate results for the quarter ended March 2012 announced on May 18: India`s largest lender, State Bank of India (SBI) has posted better-than-expected net profit of Rs 40.5 billion for the quarter ended March 31, 2012. The market…

The net profit of State Bank of India zoomed to Rs.4,050.27 crore for the fourth quarter ended March 31, 2012, from a meagre Rs.20.88 crore in the year-ago period. Higher provisioning for bad loans and increased tax outgo hit the profit on the last occasion. For the whole of 2011-12,…

Benchmark indices ended positively on Friday with State Bank of India posting a net profit of Rs 4,050 crore for the March quarter. The SBI scrip rose 5.82 per cent over Thursday to close at Rs 1,956 a share on the NSE. Being a heavyweight on the Nifty...

State Bank of India (SBI), India's largest lender, is expected to announce buoyant numbers for the quarter ended March today, marking a return to strong profit growth after several quarters, thanks mainly to lower provisioning costs and higher revenues. According to an average of…

State Bank of India (SBI), the country's top lender, is looking to strengthen its retail car loans portfolio by reintroducing a lower 11.25% rate of interest for all tenures, which will be now the card rate. The bank claimed it financed the highest numbers of cars among banks last…

The Skindia GDR Index was up 0.08 to 2031.23 today (compared to last close) while the Nifty was down 0.18%. Of the eight GDRs of Skindia GDR Index, five were up, and three were down. The main gainers were Mahindra & Mahindra (+2.47%; weight 1.60%), GAIL (+2.40%; weight 1.49%) and…

The BSE Sensex and NSE Nifty closed listless trade flat for the third consecutive session on Friday. ICICI Bank topped the buying list after better than expected numbers for Q4. Technology stocks too helped the market while State Bank of India, Reliance, BHEL, LT and ITC were under pressure.

NEW DELHI (Reuters) - State Bank of India is cutting its loan rates for small and medium enterprises by 1.5 to 2.0 percentage points, Chairman Pratip Chaudhuri said, adding that the move would not squeeze margins at India's largest lender.

Mumbai, April 23 (IANS) The State Bank of India (SBI), the country's largest lender, said Monday that it will cut interest rates on term deposits by upto 1 percent. However, the bank has not announced any change in lending rates, keeping borrowings costlier despite reduction in policy…

REUTERS - State Bank of India, the country's biggest lender, may not cut lending rates in the near term as costs of deposits continue to be high, Chairman Pratip Chaudhuri said on Monday, after the bank lowered its deposit rates.

MUMBAI (Reuters) - The BSE Sensex and Nifty edged higher on Monday led by rate-sensitive stocks such as State Bank of India after data showing easing inflation cemented hopes for the first rate cut in three years.

Many large banks, including State Bank of India, raised deposit rates for shorter tenor products to get more funds.

MUMBAI, April 7 (Reuters) - State Bank of India, the country's top commercial lender, is increasingly confident the central bank, faced with a slowing economy and rising inflation, will this month...

MUMBAI (Reuters) - State Bank of India, the country's top lender, is expecting the Reserve Bank of India to cut the cash reserve ratio (CRR) or the repo rate at its April 17 policy review, Chairman Pratip Chaudhuri said.

REUTERS - A consortium of 19 banks, led by State Bank of India , has approved the financial restructuring plan of debt-laden state-run airline Air India , the Business Standard newspaper reported on Sunday.

The Adani group will use its own funds and the new five-year loan, which was raised at around 275 basis points over swaps, to pay back the bridging loan from State Bank of India and Standard Chartered

India's Adani Ports and Special Economic Zone has raised $1.25 billion in non-recourse funding from a group of Australian and Asian lenders to help refinance a $2 billion bridging loan due in May, four sources with knowledge of the deal said, Reuters reports. The Adani group will use its…

Mumbai, Mar 30: State Bank of India (SBI) on Friday, Mar 30 extended its business hours for Mar 31. All branches of the bank will remain open up to 5 PM for business transactions.Meanwhile, SBI has urged all customers to complete

Top lender State Bank of India along with private-sector lender ICICI Bank and state-run explorer Oil and Natural Gas Corp (ONGC) led the fall

Reuters Market Eye - NIfty remained weak in afternoon trade, with financials leading the decline on concerns banks may follow top lender State Bank of India (SBI) and increase deposit rates, which may pressure their margins, traders and analysts said.

State Bank of India (SBI) has announced Tuesday a hike in the retail term deposit rates with effect from Mar. 28, 2012. India`s largest lender announced 100 bps increase on 7-90 days and 181-240 days term deposits. Meanwhile, it…

Macquarie Research Equities has maintained `Underperform` on State Bank of India (SBI) with a price target of Rs 1,700 as against the current market price (CMP) of Rs 2,299.45 in its report dated Mar. 20, 2012. The broking house gave the following rationale:…

The banking index fell by 2.09 per cent as State Bank of India fell by 2.34 per cent.

ICICI Bank rose a provisional 2.7% while State Bank of India advanced a provisional 1.3% ahead of the Reserve Bank of India’s policy meeting on Thursday

State Bank of India (SBI) is moving ahead of its domestic rivals, with plans to open two more branches on the mainland, aiming to further profit from booming Sino-Indian trade, which is expected to top US$100 billion in three years.