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09.08.25 - 00:54
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SBI′s Q1 net rises 10% to Rs 21k cr on strong treasury, forex gains (Times of India)
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State Bank of India's Q1 FY26 consolidated profit rose 9.7% to Rs 21,201 crore, fueled by strong treasury and forex income. While advances grew 11.6%, net interest income slightly decreased due to margin contraction. The bank anticipates a U-shaped recovery in NIMs and maintains its FY26 loan and deposit growth guidance at 12% and 10%, respectively....
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10.07.25 - 09:48
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SBI Said to Plan $2.9 Billion Share Sale as Early as Next Week (Bloomberg)
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State Bank of India, the country's largest lender by assets, is preparing to sell as much as 250 billion rupees ($2.9 billion) of shares to institutional investors as soon as next week, according to people familiar with the matter, in what could be the nation's biggest deal of its kind....
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06.07.25 - 11:06
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PSBs to hire 50,000 staff in FY26; monetisation of subsidiaries on cards (Times of India)
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Public sector banks are gearing up to recruit approximately 50,000 personnel this financial year, including 21,000 officer-level positions, to expand operations and enhance customer service. State Bank of India will lead the hiring spree, onboarding around 20,000 individuals. While facing short-term margin pressures, the sector anticipates healthy earnings growth between FY25 and FY27....
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