Wed, Apr 24, 2024
SBI Card Q4 preview: Net interest margin (NIM), is estimated to be in the range of 10.8 to 11 per cent, compared to 11.3 per cent. Advances are expected to rise by up to 28 per cent.
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Tue, Apr 23, 2024
5 Stocks To Buy: Benchmark equity indices continued their winning momentum for the third day running on Tuesday amid firm global market trends. The 30-share BSE Sensex climbed 411.27 points to 74,059.89 and the NSE Nifty advanced 111.15 points to 22,447.55 in early trade.
Mon, Apr 15, 2024
To borrow money against your life insurance, you must have a policy with cash value, which is often found in permanent life insurance policies. Term life insurance is ineffective in this situation since it has no monetary value. The reason you need adequate cash value in your life insurance is to utilise it as collateral for a loan.
Fri, Dec 11, 2020
If you are an SBI account holder, then you need to pay total attention to this or there is threat to your money and this threat is from the side of the customer only
Mon, Dec 07, 2020
The report has been authored by Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India.
Thu, Dec 03, 2020
SBI PO recruitment 2020: There is an alert for the candidates who have been planning to apply for state Bank of India Probationary Officer post and haven’t applied yet
Tue, Dec 01, 2020
SBI transaction failures: Many customers of State Bank of India (SBI) took to social media on Tuesday to complain about SBI online technical glitches leading to transaction failures. The reactions have come in the wake of inability of SBI bank account holders to successfully carry out their financial transactions, causing worry and frustration.
Mon, Nov 30, 2020
NII story is playing out well as NIMs further gained traction benefitting from incremental higher growth in retail credit (the corporate book actually shrunk QoQ), lower NPL drag (interest on pro forma slippages not reversed) and a sharp cut in deposit rates. Interest expenses grew by only 2-3% despite deposit growing by 14-15%. NIMs are more likely to settle at current levels over the medium term - going forward, deployment of surplus liquidity and resolutions may offset any downward pressure on NIMs.
Thu, Nov 26, 2020
SBI share price outlook: If you are a State Bank of India (SBI) stockholder or are planning to invest in this stock, this is what you need to know about the all-round perspective of the stock from technical to fundamental standpoint
Wed, Nov 25, 2020
The SBI Ecowrap research report from the State Bank of India’s Economic Research Department in its latest edition has asked - Time for RBI to lean with the wind in the foreign exchange market?
Most private banks (PBs) and NBFCs reported improvement in collection efficiency, especially in the tail months of Q2 and most banks guided for low restructuring levels. The quarter saw an uptick in NII growth (helped by fall in cost of funds) and incremental normalising of disbursement (especially recovery in retail disbursements), with certain segments reaching pre-COVID levels.
Mon, Nov 23, 2020
SBI has found support near its multiyear (11 years) long horizontal trend line on the monthly chart. In the previous three instances whenever prices have found support near its multi year long trend line stock has almost doubled. Vishal believes that the positional trend of the SBI has turned bullish, but looking at the steep rise it is advisable to utilize short-term dips to accumulate longs.
SBI Apprentice recruitment 2020: State Bank of India (SBI) has released a notification for recruitment to the post of apprentices on its official website: sbi.co.in
Sat, Nov 21, 2020
The MoU will help SBI and LuxSE to set up a long-term cooperation mechanism and promote ESG (Environmental, Social, and Corporate Governance) and green finance.
Fri, Nov 20, 2020
The SBI Ecowrap research report from the State Bank of India’s Economic Research Department has revealed that positive events improve India’s Q2 GDP projections
Thu, Nov 19, 2020
The SBI stocks look positive on charts and reflect a positive bias, Technical Analyst Nilesh Jain said. This stock surpassed a September 2020 high of Rs 231 which is a positive for this stock.
The bank fixed deposits have remained one of the safest investment options over the years. Bank FDs offer a wide range of tenures to choose from, ranging from 7 days to up to 10 years. All the banks offer different interest rates, giving some flexibility to investors.
Wed, Nov 18, 2020
Steady NII growth and controlled opex drive earnings Q2 FY21 has been an exciting quarter for the sector. The asset quality outlook appears to be better than was initially feared as collection efficiency improved sharply in Q2 and most banks guided for low restructuring levels. Motilal Oswal also saw an uptick in NII growth, aided by improved cost of funds and recovery in retail disbursements, with certain segments reaching pre-COVID levels.
Sun, Nov 15, 2020
SBI PO recruitment 2020: In a good news for banking aspirants, Central Recruitment & Promotion Department of the State Bank of India, Mumbai, has invited applications for Probationary Officers (PO).
Thu, Nov 12, 2020
After being included in MSCI list, the stock has seen some good traction. There was some pressure on the stock in morning after a bulk deal but again saw buying at lower levels and moved strongly after that. The stock has risen 14% in just the last 5 trading sessions
Investors should buy Yes Bank with stop loss of Rs 12 and target of Rs 15 - Rs 16. Investors can buy on dips and hold for the long term on news of Yes Bank being included in MSCI Index, which is positive for it. We also highlight here another top banking stock - the State Bank of India (SBI). Notably, NSE Nifty closed 58 points down today at 12691 while BSE Sensex closed 236 points down at 43357.
NII grew 15% yoy to Rs 281.8 bn (Q1: +16% yoy; +6% qoq), led by a 12 bps yoy rise in the domestic NIM to 3.34% and loan growth of 6% yoy. Collection efficiency at 97% (ex agri) was very comforting. Furthermore, management guidance of slippages and restructuring at 2.6% for FY 2021 would alleviate some concerns around asset quality.
Sun, Nov 08, 2020
The State Bank of India (SBI) has an important message for its customers who use SBI internet banking, YONO and YONO Lite.
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