State Bank of India`s Executive Committee of the Central Board (ECCB) has accorded its final approval for acquiring 100% stake held by SBI Capital Markets in SBICAP Ventures by State Bank of India at meeting held on 06 February 2024. Powered by Capital Market - Live News

Net profit of State Bank of India declined 28.51% to Rs 11064.14 crore in the quarter ended December 2023 as against Rs 15477.22 crore during the previous quarter ended December 2022. Total Operating Income rose 23.33% to Rs 112868.34 crore in the quarter ended December 2023 as against Rs 91517.66 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Total Operating Income112868.3491517.66 23 OPM %44.5138.27 - PBDT22344.8321355.40 5 PBT22344.8321355.40 5 NP11064.1415477.22 -29 Powered by Capital Market - Live News

State Bank of India announced that the application for voluntary retirement of Rajay Kumar Sinha, Deputed as MD & CEO of SBI Capital Markets was approved by the competent authority and accordingly he was released from Bank`s services at the close of business on 23 January 2024.Powered by Capital Market - Live News

State Bank of India has completed the acquisition of 6.35% stake in Canpac Trends on 19 January 2024. Powered by Capital Market - Live News

State Bank of India has successfully raised Rs. 5,000 crore Non-convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid-up Basel III compliant Additional Tier 1 Bonds in the nature of debentures at a coupon of 8.34%. The date of allotment is 19 January 2024. Powered by Capital Market - Live News