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State Bank of India

India’s SC asks SBI for data to link political fund donors, recipients

NEW DELHI: India’s Supreme Court ordered the State Bank of India (SBI) on Monday to submit all the details of...

Published 19 Mar, 2024 04:53am

World

India bank ordered to publish anonymous election bond data

NEW DELHI: India’s top court on Monday ordered the state-run bank to publish details of previously anonymous...

Published 11 Mar, 2024 02:14pm

World

India’s January services growth at six-month high on robust demand

BENGALURU: India’s dominant services sector expanded at the fastest pace in six months in January on robust demand,...

Published 05 Feb, 2024 11:13am

Markets

Indian shares off to a muted start; financials weigh

BENGALURU: Indian shares were muted at the open on Monday, dragged by financials after State Bank of India’s...

Published 05 Feb, 2024 10:10am

World

India considers raising retirement age for state-owned bank bosses

NEW DELHI: India is considering raising the retirement age for chairmen and managing directors of state-owned banks,...

Published 26 Aug, 2023 08:45pm

Business & Finance

India’s SBI says further financing to Adani projects to be evaluated on merit

MUMBAI: State Bank of India, the country’s largest lender, said on Friday any further financing to projects of the...

Published 03 Feb, 2023 04:55pm

Business & Finance

India’s top lender SBI smashes estimates with record Q3 profit

BENGALURU: State Bank of India, the country’s largest lender, on Friday said its quarterly profit surged a...

Published 03 Feb, 2023 04:50pm

Markets

Unauthorised foreign exchange activities: SBP introduces whistle blowing forum

Move aimed at promoting environment of accountability and integrity

Published 11 Nov, 2022 08:10pm

Markets

Indian shares end at over 9-month high as bank, auto boost

BENGALURU: Indian shares settled at over nine-month high on Monday, led by gains in banks, automobile, and metal...

Updated 07 Nov, 2022 03:45pm

Business & Finance

India’s SBI sees loan growth staying strong after record profit

MUMBAI: State Bank of India (SBI), the country’s largest lender, expects credit growth to remain in double-digits...

Published 05 Nov, 2022 05:29pm

India’s top lender asks exporters to trade with Bangladesh in rupee, taka

New Delhi: Top lender State Bank of India has asked exporters to avoid settling deals with Bangladesh in the dollar...

Published 20 Sep, 2022 05:51am

World

India's top lender asks exporters to trade with Bangladesh in rupee, taka

NEW DELHI: Top lender State Bank of India has asked exporters to avoid settling deals with Bangladesh in the dollar...

Updated 20 Sep, 2022 01:20am

Business & Finance

India's trade with Russia in rupees to start soon

NEW DELHI: India will soon start trading with Russia in rupees as top lender State Bank of India has agreed to...

Published 14 Sep, 2022 06:50pm

Top Indian lender SBI posts Q1 profit fall on investment book losses

Business & Finance

India’s biggest lender SBI reports 41% rise in Q4 profit

MUMBAI: State Bank of India (SBI) , India’s biggest lender, said on Friday its fourth quarter profit rose 41% to...

Published 13 May, 2022 01:44pm

Markets

Indian shares gain on IT, Airtel boost; SBI results in focus

BENGALURU: Indian shares rose on Wednesday, helped by IT stocks and telecom firm Bharti Airtel after its upbeat...

Published 03 Nov, 2021 10:04am

Business & Finance

India needs more big banks the size of largest lender SBI

MUMBAI: India needs at least four or five banks of a size matching its biggest lender, the State Bank of India, to...

Published 27 Sep, 2021 05:51am

Markets

Indian shares flat as tech stocks offset gains in metals

The blue-chip NSE Nifty 50 index was down 0.08% at 17,364.35 by 0359 GMT and the benchmark S&P BSE Sensex fell 0.1% to 58,236.83

Published 07 Sep, 2021 10:22am

Business & Finance

Indian banks get extra time to comply with revised current account rules

"The instructions were issued to enforce credit discipline amongst the borrowers as well as to facilitate better monitoring by the lenders," the central bank said.

Published 04 Aug, 2021 06:03pm

Business & Finance

India's SBI pins hopes on economic recovery after record quarterly profit

If economic activity is back on track, our ability to maintain better performance in terms of asset quality will be maintained
He expected its loan book to grow by 9% in the current financial year, versus an earlier estimate of 10%.

Published 04 Aug, 2021 05:36pm

Markets

Indian shares rise on auto, financial boost; CPI data awaited

ICICI Bank rose 1.7% and State Bank of India climbed 0.9%.

Published 12 Jul, 2021 09:30am

Markets

Indian shares gain over 2pc as banks, JSW Steel rise after Bhushan deal

The blue-chip NSE Nifty 50 index rose 2.3% to 14,845.10 and the benchmark S&P BSE Sensex gained 2.2% at 50,084. Both the indexes fell more than 1% last week.
Major lenders to Bhushan, including State Bank of India Punjab National Bank, Canara Bank gained more than 1% each and ICICI Bank rose 2.3%.

Published 30 Mar, 2021 05:27pm

Business & Finance

India's largest lender cuts credit growth outlook on weak corporate lending

The Mumbai-based bank expects credit growth to be 7% for the financial year ending March 31, Chairman Dinesh Khara said on a post-earnings call, compared to a prior estimate of 8%-9%.
SBI said it plans to grow its unsecured loan book for at least four more quarters even as other banks have raised concerns over their quality of lending in the retail segment.

Published 04 Feb, 2021 07:08pm

Business & Finance

India's largest bank expects RBI to hold interest rate

The stance will continue to remain accommodative but they may not be in a position to cut interest rate in immediate future.
India's retail inflation remained above 7% in October for a second straight month, with vegetable prices at elevated levels.

Published 26 Nov, 2020 10:49pm

Business & Finance

India's largest bank sees stronger credit growth after profit beat

SBI rounds off a strong quarterly earnings season for Indian banks as many benefited from a drop in bad loan provisions or increased interest income.
The bank now expects credit growth to be between 8%-9% for the year, it said, compared with an earlier forecast of 8%. Retail loans grew 14.55% in the second quarter.

Published 04 Nov, 2020 05:53pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 6	279.23
USD PKR Interbank Buying / Feb 6	279.03
USD to Japanese Yen / Feb 6	152.65
USD to Swiss Franc / Feb 6	0.90
Pound Sterling to USD / Feb 6	1.25
Euro to USD / Feb 6	1.04
UK LIBOR % / Feb 5	4.96

Stock	Volume
S&P 500 / Feb 5	6,049.46
Nasdaq / Feb 5	19,692.33
Dow Jones / Feb 5	44,873.22
India Sensex / Feb 6	78,158.10
Tokyo Nikkei / Feb 6	39,066.53
Hang Seng / Feb 6	20,891.62
FTSE 100 / Feb 6	8,693.63
Germany DAX 30 / Feb 6	21,705.71
France CAC40 / Feb 6	7,912.28

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 5	18,285
Gold 10 Grams PKR / Feb 5	252,314
Petrol/Litre / Feb 6	257.13
Crude Oil USD/Barrel / Feb 6	71.31
Gold Spot USD/Ounce / Feb 6	2,854.03
Diesel/Litre / Feb 6	267.95
Cotton US¢/pound / Feb 6	65.90

Gainers
Losers
Leaders

Stock	Price
Silk Bank Ltd / Feb 6 Silkbank Limited(SILK)	1.20 ▲ 0.17 (16.5%)
Bank Makramah / Feb 6 Bank Makramah Limited(BML)	4.17 ▲ 0.41 (10.9%)
Chashma / Feb 6 Chashma Sugar Mills Limited(CHAS)	90.72 ▲ 8.25 (10%)
Sanghar Sugar / Feb 6 Sanghar Sugar Mills Limited(SANSM)	49.39 ▲ 4.49 (10%)
Lalpir Power / Feb 6 Lalpir Power Limited(LPL)	27.95 ▲ 2.54 (10%)
First Tri-Star Mod. / Feb 6 First Tri-Star Modaraba(FTSM)	13.76 ▲ 1.25 (9.99%)
Saritow Spinning / Feb 6 Saritow Spinning Mills Limited(SSML)	21.69 ▲ 1.97 (9.99%)
Haseeb Waqas / Feb 6 Haseeb Waqas Sugar Mills Limited(HWQS)	12.45 ▲ 1.13 (9.98%)
National Silk / Feb 6 The National Silk & Rayon Mills Limited(NSRM)	40.81 ▲ 3.7 (9.97%)
Unicap Modaraba / Feb 6 Unicap Modaraba(UCAPM)	3.28 ▲ 0.29 (9.7%)

Stock	Price
Burj Clean Energy Modaraba / Feb 6 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9 ▼ -1 (-10%)
Tariq Corporation / Feb 6 Tariq Corporation Limited(TCORP)	18.01 ▼ -2 (-10%)
Intermarket Securities / Feb 6 Intermarket Securities Limited(IMS)	54.03 ▼ -6 (-10%)
Leather Up Ltd. / Feb 6 Leather Up Limited(LEUL)	39.18 ▼ -4.35 (-9.99%)
GOC (Pak) / Feb 6 GOC (Pak) Limited.(GOC)	60.31 ▼ -6.53 (-9.77%)
Next Capital / Feb 6 Next Capital Limited(NEXT)	8.90 ▼ -0.96 (-9.74%)
Suhail Jute / Feb 6 Suhail Jute Mills Limited(SUHJ)	81.02 ▼ -8.55 (-9.55%)
Reliance Weaving / Feb 6 Reliance Weaving Mills Limited(REWM)	131 ▼ -13.74 (-9.49%)
Gadoon Textile / Feb 6 Gadoon Textile Mills Limited(GADT)	270 ▼ -27.99 (-9.39%)
Shezan Inter. / Feb 6 Shezan International Limited(SHEZ)	123 ▼ -12.59 (-9.29%)

Stock	Volume
Silk Bank Ltd / Feb 6 Silkbank Limited(SILK)	119,509,368 ▲ 0.17
WorldCall Telecom / Feb 6 Worldcall Telecom Limited(WTL)	80,117,084 ▼ -0.05
Bank Makramah / Feb 6 Bank Makramah Limited(BML)	64,480,312 ▲ 0.41
Cnergyico PK / Feb 6 Cnergyico PK Limited(CNERGY)	21,090,416 ▼ -0.19
K-Electric Ltd. / Feb 6 K-Electric Limited(KEL)	20,621,518 ▼ -0.1
B.O.Punjab / Feb 6 The Bank of Punjab(BOP)	17,154,831 ▼ -0.24
National Bank / Feb 6 National Bank of Pakistan(NBP)	16,342,844 ▼ -3.33
Pak Refinery / Feb 6 Pakistan Refinery Limited(PRL)	14,915,543 ▼ -0.59
TRG Pak Ltd / Feb 6 TRG Pakistan Limited(TRG)	13,119,209 ▼ -0.25
Fauji Cement / Feb 6 Fauji Cement Company Limited(FCCL)	12,847,614 ▼ -1.11

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