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Q3, India
State Bank of India expects margins to stabilise around 3%
State Bank of India on Thursday said it expects to maintain its net interest margin (NIM) at around 3%, after reporting a drop in domestic margins but beating third-quarter profit estimates. Indian lenders have been scrambling to raise deposits to meet rising demand for credit.
State Bank of India reports Q3 financial results
MUMBAI - State Bank of India (NSE:SBI), the country's largest lender, has released its financial results for the quarter and nine months ended December 31, 2024. The bank submitted its unaudited reviewed financial statements,
India’s scheduled commercial banks’ profits up 12.5% in Q3 FY2025
Operating expenses, treasury gains, and fee income all rose. The pre-provisioning profit of India' s scheduled commercial banks (SCBs) grew 12.5% year-on-year (YoY) to reach Rs 0.95 lakhs crore in Q3 FY 2025,
India's central bank to cut rates to boost economy
State Bank of India aims to raise 50 bln rupees via perpetual bonds, sources say
The State Bank of India is looking to raise around 50 billion rupees ($573.38 million) via Basel III-compliant additional Tier-I perpetual bonds before the end of February, three sources aware of the matter said on Wednesday.
India cuts policy rate for the first time in nearly five years, new central bank governor says
The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The Monetary Policy Committee decided to trim the repo rate by 25 basis points to 6.
India’s central bank cuts rates for the first time in nearly five years, forecasts faster growth next year
The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The central bank forecast real GDP growth for next fiscal year at 6.
14h
RBI’s repo rate cut likely to boost affordable home sale in Kolkata
Kolkata: Developers in Kolkata are eyeing a major boost in affordable home sales following the repo rate cut by the Reserve ...
22h
State Bank of India falls Friday, underperforms market
State Bank of India closed 19.19% short of its 52-week high of 912.10 rupees, which the company achieved on June 3rd.
15h
Rate easing cycle timely, contextual says SBI Chairman Setty
RBI's timely rate cut praised for balancing growth and stability, boosting consumer sentiment and real estate investment potential.
1d
Rate sensitive shares trade mixed as RBI cuts repo rate by 25 bps to 6.25%
Bank of Baroda, Axis Bank, Punjab National Bank, Canara Bank and ICICI Bank from the Nifty Bank index were trading lower ...
The Week
3d
After a demand stimulus in Union budget, will RBI follow with a rate cut this week?
This will be the central bank's first MPC meeting under Sanjay Malhotra who was appointed the RBI governor effective December ...
21h
on MSN
Indian central bank likely intervened to support rupee ahead of rate decision, traders say
The Reserve Bank of India likely intervened to support the rupee before the open of the local spot market ahead of a ...
6h
on MSN
Markets in red as RBI rate cut fails to excite investors
RBI’s first rate cut in nearly five years failed to enthuse the markets, leading to declines in the benchmark Nifty 50 and ...
1d
Rate-sensitive stocks react to RBI rate cut; banking, auto, realty sectors slip
Monetary Policy Committee (MPC) announced a 25 basis points (bps) repo rate cut to 6.25%, marking the first reduction in ...
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