SBI shares in focus on Rama Mohan Rao Amara’s appointment as MD

 19 Dec 2024 09:00 AM

Shares of State Bank of India (SBI) are likely to remain in focus following the announcement of the appointment of Rama Mohan Rao Amara as the bank's Managing Director (MD). His appointment is effective for a period of three years, starting from the date he assumes the role. Previously, Amara served as the Deputy Managing Director and Chief Risk Officer at SBI.

SBI shares drop 2% on Rama Mohan Rao Amara’s appointment as new MD

 19 Dec 2024 09:00 AM

Shares of State Bank of India (SBI) drop 2% following the announcement of the appointment of Rama Mohan Rao Amara as the bank's Managing Director (MD). His appointment is effective for a period of three years, starting from the date he assumes the role. Previously, Amara served as the Deputy Managing Director and Chief Risk Officer at SBI.

STATE BANK OF INDIA: CO SAYS APPOINTMENT OF RAMA MOHAN RAO AMARA AS MANAGING DIRECTOR || CENTRAL GOV APPOINTS RAMA MOHAN RAO AMARA AS MD IN SBI

 18 Dec 2024 05:08 PM

STATE BANK OF INDIA: CO SAYS APPOINTMENT OF RAMA MOHAN RAO AMARA AS MANAGING DIRECTOR || CENTRAL GOV APPOINTS RAMA MOHAN RAO AMARA AS MD IN SBI

Government appoints Rama Mohan Rao Amara as SBI Managing Director: Report

 18 Dec 2024 05:04 PM

The State Bank of India (SBI) announced on Wednesday that the Government of India has appointed Rama Mohan Rao Amara as the new Managing Director of the bank. This appointment was reported by Reuters, citing sources.

Five of top-10 most valued firms together add Rs 1.13 lakh cr in market valuation; Airtel shines

 15 Dec 2024 11:50 AM

Five of the 10 most valued firms added Rs 1,13,117.17 crore to their total market valuation last week with Bharti Airtel stealing the show. While Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank and Infosys were the gainers, Reliance Industries, State Bank of India, Life Insurance Corporation of India (LIC), ITC and Hindustan Unilever took a hit in their valuations.

STATE BANK OF INDIA: BANK KEEPS ONE-YR MCLR UNCHANGED AT 9%

 13 Dec 2024 04:44 PM

STATE BANK OF INDIA: BANK KEEPS ONE-YR MCLR UNCHANGED AT 9%

SBI adds to record Samurai Loan boom with ¥30 billion debt plan

 13 Dec 2024 12:19 AM

State Bank of India (SBI) is securing a ¥30 billion ($197 million), five-year loan from Mitsubishi UFJ Financial Group Inc. The loan, arranged in India's Gujarat International Finance Tec-City, has a 60 basis point margin over TONA. This adds to the surge in Samurai loans as Asian borrowers seek lower financing costs compared to dollar-denominated options.

STATE BANK OF INDIA: SHOW THE HIGHEST IMPACT AS A PERCENTAGE OF NII AND PPOP DUE TO THEIR LARGE DEPOSIT BASES. A REDUCTION IN CRR RELEASES SIGNIFICANT FUNDS FOR LENDING OR INVESTMENT, IMPROVING PROFITABILITY.

 06 Dec 2024 10:41 AM

STATE BANK OF INDIA: SHOW THE HIGHEST IMPACT AS A PERCENTAGE OF NII AND PPOP DUE TO THEIR LARGE DEPOSIT BASES. A REDUCTION IN CRR RELEASES SIGNIFICANT FUNDS FOR LENDING OR INVESTMENT, IMPROVING PROFITABILITY.

SBI writes to RBI to consider non-financial transactions as well for tagging an account as operative

 04 Dec 2024 12:57 PM

The State Bank of India has asked the Reserve Bank to include non-financial transactions like balance checking to keep accounts active. The SBI is also addressing inoperative accounts and ensuring better outreach, especially for accounts with mobile phones. The bank aims to prevent misselling of products like insurance and focuses on CSR efforts for the differently abled.

Indian banks are reviewing Adani Group exposure after US charges

 28 Nov 2024 03:37 PM

Indian banks, including State Bank of India and ICICI Bank, are reassessing their exposure to Adani Group after U.S. bribery accusations against Chairman Gautam Adani, although this review may not change lending strategies.