State Bank of India has allotted 10,00,000 Non-convertible, Taxable, Redeemable, Unsecured, Fully Paid-up Long-Term Bonds in the nature of debentures of face value Rs.1 lakh each at a coupon of 7.23% aggregating Rs 10,000 crore on 19 November 2024. Powered by Capital Market - Live

State Bank of India (SBI) raised Rs 10,000 crore today at a coupon rate of 7.23% through its seventh infrastructure bond issuance. The issue attracted overwhelming response from investors with bids in excess of Rs 11,500 crore and was oversubscribed in excess of 2 times against the base issue size of Rs 5,000 crore. The total number of bids received was 85 indicating wider participation with heterogeneity of bids. The investors were across provident funds, pension funds, insurance companies, mutual funds etc. The proceeds of bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment. Based on the response, the Bank has decided to accept Rs 10,000 crore at a coupon rate of 7.23% payable annually for a tenor of 15 years. The instrument is rated AAA with stable outlook. Powered by Capital Market - Live

The Nifty November 2024 futures closed at 24,196.40, a premium of 48.20 points compared with the Nifty's closing 24,148.20 in the cash market. In the cash market, the Nifty 50 lost 51.15 points or 0.21% to 24,148.20. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, fell 2.45% to 14.57. State Bank of India, Reliance Industries and Mahindra & Mahindra were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live

Net profit of State Bank of India rose 22.88% to Rs 19782.76 crore in the quarter ended September 2024 as against Rs 16099.58 crore during the previous quarter ended September 2023. Total Operating Income rose 12.71% to Rs 121044.68 crore in the quarter ended September 2024 as against Rs 107390.78 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income121044.68107390.78 13 OPM %48.1944.72 - PBDT27474.3121935.71 25 PBT27474.3121935.71 25 NP19782.7616099.58 23 Powered by Capital Market - Live

Profit before tax in second quarter of FY25 stood at Rs 24,788.01 crore, registering a growth of 28.43% on YoY basis. Net interest income rose 5.37% YoY to Rs 41,620 crore in September 2024 quarter. Net interest margin (domestic) reduced by 16 bps to 3.27% in Q2 FY25 as against 3.43% in Q2 FY24. Operating profit climbed 50.87% to Rs 29,294 crore in Q2 of FY25 as compared with Rs 19,417 crore posted in corresponding quarter last year. Total deposits grew 9.13% to Rs 51,17,285 crore as on 30 September 2024 as against Rs 46,89,218 crore as on 30 September 2023, out of which CASA Deposit grew by 4.24% YoY. CASA ratio slipped 185 bps to 40.03% as on September 2024. The bank's return on assets (ROA) for the quarter stood at 1.17% as against 1.01% in Q2 FY24. Provision coverage ratio (PCR) improved by 21 bps YoY to 75.66%. PCR (including AUCA) stood at 92.21%, up 28 bps YoY. The bank's gross non-performing assets (NPAs) slipped to Rs 83,369.23 crore as on 30 September 2024 as against Rs 86,974.08 crore as on 30 September 2023. The ratio of gross NPAs to gross advances stood at 2.13% as on September 2024 as against 2.55% as on September 2023. The ratio of net NPAs to net advances stood at 0.53% as on 30 September 2024 as against 0.64% as on 30 September 2023. The bank's credit growth stood at 14.93% YoY with domestic advances growing at 15.55% YoY and foreign offices' advances rose by 11.56% YoY. Capital Adequacy Ratio (CAR) as at the end of Q2 FY25 reduced by 52 bps YoY and stands at 13.76%, slippage ratio was at 0.51%, up by 5 bps YoY while credit cost rose 16 bps to 0.38%. State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. As of 30 September 2024, the Government of India held 57.51% stake in the bank. The scrip declined 2.24% to currently trade at Rs 840 on the BSE.Powered by Capital Market - Live

The Board of State Bank of India at its meeting held on 08 November 2024 has accorded approval for raising Long Term Bonds up to an amount of Rs 20,000 crore through a public issue or private placement, during FY 25. Powered by Capital Market - Live

State Bank of India is up for a fifth straight session in a row. The stock is quoting at Rs 857.6, up 0.33% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 1.03% on the day, quoting at 24231.5. The Sensex is at 79637.73, down 0.92%. State Bank of India has added around 9.74% in last one month. Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has added around 1.87% in last one month and is currently quoting at 52317.4, down 0.65% on the day. The volume in the stock stood at 74.1 lakh shares today, compared to the daily average of 131.31 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 861.7, up 0.26% on the day. State Bank of India is up 47.79% in last one year as compared to a 24.63% gain in NIFTY and a 19.05% gain in the Nifty Bank index.The PE of the stock is 11.49 based on TTM earnings ending June 24.Powered by Capital Market - Live

The Nifty November 2024 futures closed at 24,293.65, a premium of 80.35 points compared with the Nifty's closing 24,213.30 in the cash market. In the cash market, the Nifty 50 jumped 217.95 points or 0.91% to 24,213.30. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, dropped 4.08% to 16.01. State Bank of India, HDFC Bank and ICICI Bank were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live

State Bank of India will hold a meeting of the Board of Directors of the Company on 8 November 2024.Powered by Capital Market - Live

The agency has also reaffirmed its 'CRISIL AAA/CRISIL AA+/Stable/CRISIL A1+' ratings on the other debt instruments. CRISIL stated that the ratings continue to centrally factor in the SBI group's dominant market position in the Indian banking industry, strong resource profile and adequate capitalisation. The ratings also factor in the continued strong support that the bank is likely to receive from its majority owner, Government of India (GoI), both on an ongoing basis and in the event of distress. These strengths are partially offset by the average asset quality of the group. There are upward factors to the current rating of SBI. However, material change in expectation of support from GoI; and significant and continuous increase in delinquencies (GNPAs crossing 10%), leading to decline in profitability could lead to a ratings downgrade. State Bank of India (SBI) is the oldest and largest bank in India. As on March 31, 2024, GoI owned 56.92% of the bank's equity capital. The SBI group offers a wide range of banking and non-banking products and services to its corporate and retail customers. The bank had 22,542 branches and 63,580 automated teller machines (ATMs) as on March 31, 2024. It has presence across the world. Through its non-banking subsidiaries and joint ventures, it offers a wide range of financial services, such as investment banking, credit cards, life insurance, general insurance, fund management, primary dealership, broking and factoring. The scrip rose 0.11% to currently trade at Rs 805.50 on the BSE. Powered by Capital Market - Live