sbi stock update

SBI share price can surge up to Rs 1,000, say bulls after Q4 results

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SBI share price can surge up to Rs 1,000, say bulls after Q4 results

Brokerages remain bullish on State Bank of India(SBI) after the lender made a swift recovery in earnings reporting a standalone net profit of Rs 20,698 crore in Q4, up 24% YoY. The estimates on the target price for SBI go as high as Rs 1,000. The profit was higher than the Street estimate of Rs … Read more

SBI board approves fund raise of Rs 10,000 cr via infra bonds to meet credit growth

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SBI board approves fund raise of Rs 10,000 cr via infra bonds to meet credit growth

MUMBAI – The has approved raising another Rs 10,000 crore through infrastructure bonds this quarter to fund credit growth, an official at the nation’s largest lender said on Tuesday. The executive committee of the bank’s central board, at a meeting held earlier in the day, approved the fundraise through a public issue or private placement … Read more