SBI to raise $3 billion from foreign market in FY26
The SBI announced on Tuesday that its board has approved a plan to raise up to $3 billion in long-term funds during the financial year 2025-26.
The SBI announced on Tuesday that its board has approved a plan to raise up to $3 billion in long-term funds during the financial year 2025-26.
State Bank of India (SBI) in its research report has projected India’s GDP growth for Q4 FY25 at around 6.4-6.5 per cent, and for FY25, at 6.3 per cent.
The year-on-year increase in profit in absolute terms rose by about Rs 37,100 crore in FY25.
With the RBI’s 50 basis points cumulative reduction in policy rates since February this year, transmission of the rate cut by banks is expected in the coming quarters, according to an SBI report.
Tata Capital, the financial services arm of Tata Sons, has appointed around 10 investment banks to manage its initial public offering (IPO), which is scheduled this year, it has been announced.
SBI now offers interest rates starting as low as 6.90 per cent for a home loan of up to Rs 30 lakh and 7 per cent for above Rs 30 lakh.
Under the partnership, HUL's retailers who use the company's Shikhar app will be able to avail of credit facility.
SBI commands nearly 34 per cent market share in home loans and nearly 33 per cent in the auto loans segment.
COVID-19 stressed retail borrower accounts shall be eligible for resolution which were standard, but not in default for more than 30 days.
SBI was the top gainer in the Sensex pack, gaining over 2 per cent, followed by TCS, Tech Mahindra, HUL, Bajaj Finance, Kotak Bank and Titan.
