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Fri, 18 May 2012 02:40:28 -0700

State Bank Of India's 4Q Net Profit Tops Forecast
State Bank of India (500112.BY), the nation's largest lender by assets, Friday exceeded market expectations for its fourth-quarter net profit, driven by strong loan growth and lower provisions against bad loans and cost.
Fri, 18 May 2012 07:37:01 -0700

SBI winning the war on bad loans; Q4 net jumps
KOLKATA (Reuters) - State Bank of India, the country's top lender, reported better-than-expected fourth-quarter net profit and expects asset quality to improve further as it focuses on restructuring some corporate debt and boosts credit recovery mechanisms. The state-run bank, which posted record profit in the March quarter, expects growth of 16 percent to 18 percent in loan demand in the fiscal ...
Fri, 18 May 2012 01:01:46 -0700

State Bank Of India - Final Results
? STATE BANK OF INDIAGLOBAL DEPOSITORY RECEIPTS (GDRs)COMMON CODE 6996167, ISIN - US 8565522039 CINS - 856552203LISTING AGREEMENT WITH STOCKEXCHANGES IN INDIA:CLAUSE 41: AUDITED WORKING RESULTS OF STATE ...
Fri, 18 May 2012 00:48:24 -0700

State Bank Of India Jan-March Net Profit At INR40.50 Billion; Tops View
State Bank of India (500112.BY) Friday topped analyst expectations with a surge in unconsolidated net profit for the January-March quarter, aided by strong interest income as well as a decline in provisions against bad loans and operating cost.
Fri, 18 May 2012 01:01:42 -0700

State Bank Of India - Dividend Declaration
? The Executive Director The BSE Ltd. 18.05.2012 Phiroze Jeejeebhoy Tower, 25 th Floor, Dalal Street, CC/S∓B/VKJ/0393 Mumbai - 400001 Dear Sir/Madam, LISTING AGREEMENT: CLAUSE 20 ∓ 20A: DECLARATION ...
Fri, 18 May 2012 01:45:53 -0700

India's State Bank Quarterly Profit Jumps Nearly 20 Times
The CNBC Analytics team looked into IPOs from 2000 to the present to see which ones have been successful or not. How would a Facebook IPO stack up against other Internet-related IPOs?
Fri, 18 May 2012 17:31:34 -0700

India’s State Bank Q4 profit jumps 200 times
MUMBAI: Quarterly profit at State Bank of India (SBI), the country’s biggest lender, jumped nearly 200 times on the back of a sharp drop in provisions for bad loans and strong credit demand, sending its shares up 4% in a subdued market.
 
Fri, 18 May 2012 21:10:46 GMT


Calcutta Telegraph

SBI delivers a scorcher
Calcutta Telegraph
Calcutta, May 18: The State Bank of India (SBI), the country's largest lender, today reported a net profit of Rs 4050 crore for the quarter ended March 2012, up from Rs 21 crore in the same period a year ago. The bank's net profit in 2011-12 increased ...
SBI annual net profit surges nearly 42 percentNew York Daily News
SBI Q4 net zooms to Rs.4050 crThe Hindu
SBI's war on bad loans paying offLivemint
Pakistan Daily Times -Hindustan Times -Indian Express
all 151 news articles »
Fri, 18 May 2012 11:39:04 GMT


Daily News & Analysis

Indian shares gain on SBI's earnings, bucking Asian falls
Reuters
SBI shares gain 5 percent after Q4 earnings * BSE index recovers from earlier fall of up 1.6 pct * Outlook weak; BSE posts fourth consecutive weekly loss By Manoj Dharra MUMBAI, May 18 (Reuters) - India's main index recovered from its lowest intraday ...
Sensex closes 80 points up, on SBI and rupee showsNew York Daily News
SBI's strong quarterly results revives Sensex from intra-day lowsEconomic Times
Markets bank on SBI to bounce back from lowsBusiness Standard
Daily News & Analysis -Firstpost -Hindustan Times
all 242 news articles »
Fri, 18 May 2012 09:26:19 GMT


State Bank Of India's 4Q Net Profit Tops Forecast
Wall Street Journal
By Nupur Acharya MUMBAI (Dow Jones)--State Bank of India (500112.BY), the nation's largest lender by assets, Friday exceeded market expectations for its fourth-quarter net profit, driven by strong loan growth and lower provisions against bad loans and ...
State Bank of India Climbs as Profit Hits a Record: Mumbai MoverBusinessWeek
Indian chips end higherPakistan Daily Times
Indian shares gainBusiness Recorder (blog)
Reuters
all 17 news articles »
Sat, 19 May 2012 01:39:26 GMT


SBI's limited usage cheques upset account holders
Economic Times
State Bank of India's new multi-city cheque books with a 'usage limit' have not gone down well with many well-heeled account holders. While the new cheque books, issued a few months ago, are aimed at minimising frauds, customers investing large sums in ...

and more »
Fri, 18 May 2012 12:44:22 GMT


Business Today

Indian Rupee Recovers From Record Low; Bonds Fall
Wall Street Journal
But, a recovery in local stocks following better-than-expected results from State Bank of India, the country's largest lender by assets, and a bounce in the euro brought some relief for the rupee. The dollar was at INR54.42 late Friday in Asia, ...
Rupee rebounds after hitting latest record lowTimes of India
Indian rupee reboundsBusiness Recorder (blog)
In rupee fall, RBI may target oil nextManoramaonline

all 60 news articles »
Fri, 18 May 2012 07:40:57 GMT


State Bank Of India Jan-March Net Profit At INR40.50 Billion; Tops View
Fox Business
MUMBAI – State Bank of India (500112.BY) Friday topped analyst expectations with a surge in unconsolidated net profit for the January-March quarter, aided by strong interest income as well as a decline in provisions against bad loans and operating cost ...

and more »
Fri, 18 May 2012 06:51:41 GMT


Business Insider

India Stock Futures Drop as U.S., Europe Fan Weak Rupee
Bloomberg
Tata Motors Ltd. (TTMT), the Indian owner of Jaguar Land Rover, tumbled to a three-month low. Bharat Heavy Electricals Ltd. (BHEL), the country's biggest power-equipment producer, plunged to a five- year low. State Bank of India, the biggest lender, ...
Indian stocks to watch-May 18Reuters
Indian Stock Futures Gain on Fed Stimulus Optimism, CrudeBusinessWeek
MARKET EYE-SGX Nifty down; rupee watchedReuters India

all 19 news articles »
 
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