SBI likely to raise up to Rs 5,000 cr more, via AT-1 bonds this month

SBI likely to raise up to Rs 5,000 cr more, via AT-1 bonds this month

State Bank of India is likely to raise funds worth up to Rs 5,000 crore through the issuance of additional tier-1 (AT-1) bonds in the third week of January as the country’s largest lender looks to garner long-term funds amid robust credit demand. “Bidding for the debt sale is likely on January 17th. It will … Read more

sbi share price: SBI delivers steady Q2 earnings, misses estimates. Should you buy the stock?

sbi share price: SBI delivers steady Q2 earnings, misses estimates. Should you buy the stock?

A clutch of top brokerages retained their buy view on PSU stock State Bank of India (SBI) after the bank reported steady September quarter earnings on Saturday, though they were slightly lower than the Street estimates. Net Interest Margins (NIMs) moderation surprised CLSA though the bank’s improving asset quality went in its favour. Kotak Institutional … Read more