State Bank of India (NSE: SBIN)
India
· Delayed Price · Currency is INR | Market Cap | 6.97T |
| Revenue (ttm) | 3.36T |
| Net Income (ttm) | 715.56B |
| Shares Out | 8.92B |
| EPS (ttm) | 80.18 |
| PE Ratio | 9.74 |
| Forward PE | n/a |
| Dividend | 13.70 (1.71%) |
| Ex-Dividend Date | n/a |
| Volume | 29,481,857 |
| Open | 798.50 |
| Previous Close | 803.00 |
| Day's Range | 761.55 - 798.50 |
| 52-Week Range | 558.30 - 912.00 |
| Beta | 0.80 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Oct 31, 2024 |
About State Bank of India
State Bank of India provides banking products and services to individuals, commercial enterprises, corporates, public bodies, and institutional customers in India and internationally. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business segments. It offers personal banking products and services, including current accounts, savings accounts, salary accounts, and fixed and recurring deposits; home, personal, auto, education, and gold loans, as well as loans against insu... [Read more]
Financial Performance
In 2023, State Bank of India's revenue was 3.27 trillion, an increase of 23.35% compared to the previous year's 2.65 trillion. Earnings were 670.85 billion, an increase of 20.55%.
Financial StatementsNews
Delhi HC asks SBI to compensate man who lost Rs 2.6L to internet banking fraud
The Delhi High Court has ordered the State Bank of India (SBI) to compensate a customer who lost Rs 2.6 lakh to phishing. The court found SBI negligent in handling the customer's complaint and failing...
SBI plans to open 500 new branches in FY 2025: FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman announced the establishment of 500 new State Bank of India branches in 2025. She commended SBI's growth, highlighting its contribution to financial inclusion throug...
Man with hearing, speech impairment held for bank break-in
A hearing and speech-impaired individual was apprehended by Triplicane police after attempting a burglary at the State Bank of India. The suspect's identity remains unknown, and police are using CCTV ...
SBI seeks $1.25bn loan in one of country's largest bank lending in '24
State Bank of India is seeking a $1.25 billion loan, potentially the largest from an Indian financial institution this year. The five-year loan, coordinated by international banks, will be used for ge...
State Bank of India’s market cap declines Rs 18,659 crore as stock falls 2.53%
Shares of State Bank of India (SBI) saw a decline, closing at ₹805.80, which represents a 2.53% drop from the previous close of ₹826.70. This decrease led to a reduction of approximately ₹18,659 crore...
SBI Life Insurance appoints Challa Sreenivasulu Setty as Chairman and Nominee Director
SBI Life Insurance Company Limited has announced the appointment of Mr. Challa Sreenivasulu Setty as the new Chairman and Nominee Director of the company, effective November 12, 2024. The nomination w...
State Bank of India’s market cap drops by Rs 15,783 crore as stock declines 2.12%
State Bank of India (SBI) saw its stock price fall by 2.12% on November 12, 2024, closing at Rs 829.65, down from its previous close of Rs 847.65. This drop in share price brought the bank’s market ca...
Rupee may depreciate 8-10% during 2nd Trump presidency, says SBI report
The State Bank of India predicts the Indian Rupee might weaken against the US dollar if Donald Trump returns to power, potentially reaching between Rs 87 to Rs 92. However, the bank assures this depre...
India may see shifts in FDI inflows during Trump 2.0: SBI report
A State Bank of India report suggests that Donald Trump's second term as US President could bring about shifts in foreign direct investment (FDI) to India. While Trump's policies during his first term...
State Bank of India shares rise on positive brokerage call from Jefferies; Target price raised to Rs 1,030
State Bank of India (SBI) shares gained momentum after global brokerage firm Jefferies maintained its ‘buy’ rating on the stock, raising the target price from ₹1,000 to ₹1,030. The brokerage remains o...
State Bank of India (SBI) share price: Buy, sell, or hold? Here’s what brokerages are saying
Brokerages are largely positive on SBI, citing strong fundamentals, healthy loan growth, and stable asset quality as key factors. Here’s a summary of recommendations and insights from top brokerage fi...
Jefferies maintains ‘Buy’ rating on SBI with 22% upside potential, target price of Rs 1030
Jefferies has reiterated its ‘Buy’ rating on State Bank of India (SBI), setting a target price of ₹1,030 per share, indicating a potential 22% upside from the current market price (CMP) of ₹841.10. Th...
Bernstein maintains ‘Market Perform’ rating on SBI with 4% downside from current stock price
Bernstein has reiterated its ‘Market Perform’ rating on State Bank of India (SBI), setting a target price of ₹810 per share, indicating a potential 4% downside from the current market price (CMP) of ₹...
CLSA maintains ‘Outperform’ rating on SBI with 28% upside from current share price
CLSA has reiterated its ‘Outperform’ rating on State Bank of India (SBI), setting a target price of ₹1,075 per share, indicating a potential 28% upside from the current market price (CMP) of ₹841.10. ...
Nomura maintains ‘Buy’ rating on SBI with 25% upside from CMP
Nomura has reiterated its ‘Buy’ rating on State Bank of India (SBI), setting a target price of ₹1,050 per share, indicating a potential 25% upside from the current market price (CMP) of ₹841.10. The b...
Kotak Institutional Equities maintains ‘Buy’ rating on SBI with 16% upside from current share price
Kotak Institutional Equities has reiterated its ‘Buy’ rating on State Bank of India (SBI), setting a target price of ₹975 per share. This suggests a potential 16% upside from the current market price ...
Stock performance comparison: HDFC Bank share vs SBI Bank share this week (Nov 4 to Nov 8)
This past week, both HDFC Bank and State Bank of India (SBI) demonstrated positive movement in their stock prices on the NSE. Here’s a breakdown of their performance from November 4 to November 8, 202...
SBI net up 28% at Rs18k cr in September quarter
State Bank of India (SBI) recorded its highest-ever net profit of Rs 18,331 crore in the September quarter, marking a 28% surge. This achievement was fueled by substantial growth in both interest and ...
SBI Drops After India’s Biggest Bank Sees Tighter Margins
Shares of State Bank of India fell after the country’s largest lender reported a contraction in margins and higher provisions for bad loans. The bank forecast lower-than-expected deposit growth for th...
SBI Q2 results: Net profits increased by more than 27 per cent
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'...
SBI Q2 FY25 Results – Asset Quality Improves as Gross NPA Ratio Drops to 2.13% and Net NPA Falls to 0.53%
State Bank of India (SBI) has shown a marked improvement in asset quality in its Q2 FY25 results, with a reduction in both Gross NPA and Net NPA ratios. This improvement underscores the bank’s effecti...
SBI Q2 FY25 Results – Deposits up 9.13% YoY, Domestic Advances Increase 15.55% YoY
In its Q2 FY25 financial results, State Bank of India (SBI) reported a solid balance sheet with substantial growth in deposits and advances. The bank’s deposits rose by 9.13% year-over-year (YoY), dri...
SBI Q2 FY25 Results – Net Interest Income (NII) up 5.37% YoY, Net Profit Surges 27.92% YoY
State Bank of India (SBI) has announced its financial results for Q2 FY25, showing notable growth in key profitability metrics. The bank’s Net Interest Income (NII) for the quarter grew by 5.37% year-...
State Bank of India (SBI) Q2 Results: Net profit jumps 28% YoY to ₹18,331 crore
SBI has reported impressive Q2 results, with a net profit of ₹18,331 crore, marking a significant increase from ₹14,330 crore in the same quarter last year. The reported net profit also exceeded analy...
SBI official held taking bribe of 20k in Bundi
An official from the State Bank of India was caught red-handed accepting a bribe of Rs 20,000 for processing a farmer's loan application in Bundi. The incident, reported by the Anti-Corruption Bureau,...