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19.05.25 - 15:18
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SBI posts record $9.2 billion profit in FY25, driven by digital cohort (Times of India)
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State Bank of India reported record profits driven by its digital banking platform, YONO, despite a relatively small digital user base. While YONO contributes significantly to loan disbursements and transactions, SBI faces challenges in converting its vast legacy customer base to digital platforms. Experts suggest optimizing digital adoption and phasing out underutilized physical infrastructure to enhance efficiency and market valuation....
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22.11.24 - 07:07
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State Bank of India rises after Jefferies highlights strong earnings momentum (Reuters EN)
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BUZZ-State Bank of India rises after Jefferies highlights strong earnings momentum ** State Bank of India SBI.NS rises 2.2%; among top five Nifty 50 gainers ** Country's largest public lender's stable asset quality, rise in recoveries and plans to improve deposit growth will aid earnings in H2 of FY24, Jefferies says after meeting with management *...
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08.11.24 - 11:43
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SBI Q2 results: Net profits increased by more than 27 per cent (Times of India)
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State Bank of India reported a net profit of Rs 18,331 crore in the second quarter of FY25, marking a 27.92% increase. Net interest income also saw a rise of 5.37%, reaching Rs 41,620 crore. The bank's credit grew by 14.93% year-on-year, reaching Rs 39.21 lakh crore, with significant growth in domestic advances, SME, and retail personal loans....
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