News for State Bank of India (SBIN.BO)

National Securities Depository Ltd, India’s first and largest securities depository, raised Rs 1,201.44 crore from anchor investors on Tuesday ahead of its initial public offering. The company allotted 1.5 crore shares at Rs 800 apiece to 61 anchor investors. Life Insurance Corp. got the highest allocation of 11.99%. SmallCap World Fund Inc. got the second highest allotment of 8.33% and Fidelity Funds-India Focus Fund got 5.41% stake in the company.

Titan, HCL Tech and State Bank of India were also among the laggards. However, Hindustan Unilever, Asian Paints, ICICI Bank, Power Grid, HDFC Bank and ITC were the gainers.

The Nifty Bank index closed 0.79 per cent down at 56084.9.

The review petition is JSW Steel’s last legal opportunity to retain control of Bhushan Power & Steel Ltd, which it took over through the corporate insolvency resolution process in 2021.

Supreme Infrastructure India (SIIL) has successfully executed a court-approved resolution plan, settling ₹2,200 crore debt with 13 lenders. The company repaid ₹387.92 crore through asset monetization and equity issuance, as per the NCLT-approved scheme. While some non-fund-based liabilities remain, SIIL anticipates resolving them soon, marking a significant step in its financial restructuring.

Reliance Power in its disclosure dated July 27, 2025, has clarified that it remains fully compliant with all SEBI listing obligations and disclosure requirements, adding that its business operations continue as normal and that it will promptly inform stock exchanges of any further material developments.

Bank holidays in August 2025: Banks across India will observe at least 15 holidays next month, including Independence Day, Ganesh Chaturthi, and the weekend leaves, as per the RBI schedule. Take a look at the full bank holiday schedule here…

The combined market valuation of 6 of the top-10 most valued firms diminished by Rs 2.22 lakh crore last week, with Reliance Industries taking the biggest hit, in-line with a bearish trend in equities.

Reliance Industries remained the most valued domestic firm followed by HDFC Bank, TCS and Bharti Airtel.

NSDL's upcoming IPO is set to generate substantial wealth for early institutional investors like SBI and IDBI Bank, potentially yielding returns as high as 39,900%. Driven partly by regulatory mandates requiring shareholding dilution, the IPO allows these shareholders to capitalize on their long-term investments.

NSDL announces Rs. 4011.6 crore OFS IPO priced at Rs. 760-800/share, with diluting shareholders including IDBI Bank, NSE, and more.

State Bank of India released call letters for Probationary Officer exam. Candidates can download admit cards from sbi.co.in. The preliminary exam is likely in late July or early August. This recruitment aims to fill 541 positions. Mains exam is tentatively scheduled for September 2025. Final evaluation will be in October or November. Selection is based on cumulative performance.

Personal loans offer quick access to funds without collateral, flexible usage, fixed EMIs and minimal paperwork, making them a popular financing option across the nation over credit cards or secured loans.

NSDL plans to raise ₹4,011 crore through IPO with a price band of ₹760 to ₹800 per share.

With outstanding bank debt surpassing <span class='webrupee'>₹</span>8,500 crore, MTNL's ability to monetize its properties could alleviate its financial woes, but the defaulting telco's hands are tied.

Lossing of loans of 12.08 lakh crore by the public sector banks in the financial years 201516 to 202425 have been written off with slim hopes. Among these, 10 of the 12 authorized banks by the RBI…

Home loan trends appear to tilt in favour of borrowers as interest rates soften following the RBI's repo rate cut in 2025, prompting fresh comparisons between refinancing and prepayment.

Country's largest lender State Bank of India (SBI) is looking to be among 10 top global banks in market capitalisation terms in the next five years, chairman CS Setty said on Wednesday. 'The scope for value creation for the stakeholders is potentially very high. So the larger ambition is if the market supports whether we can be part of the top 10 global banks in terms of the market capitalisation (five years),' he said after listing of shares issued under Qualified Institutional Placement (QIP) at NSE.

Prime Minister Modi's state visit to the Maldives marks a significant shift in bilateral relations, moving from a period of 'India Out' sentiment to renewed strategic warmth. India's policy of strategic restraint, coupled with substantial economic support, paved the way for this turnaround.