State Bank of India’s results for the last quarter of 2011-12 and the whole financial year have provided a much-needed pick-me-up, no matter how fleeting, to the gloomy mood in the financial sector.

The country’s largest lender, State Bank of India (SBI), on Monday closed 3.27 per cent higher after leading foreign brokerages upgraded the stock to a ‘buy’ rating.

State Bank of India (SBI) is trading higher by 3.5% at Rs 2,011, extending its previous day’s rally of over 5%, after reporting a better-than-expected net profit of Rs 4,050 crore for the March 2012 quarter, due to higher interest income and lower

Beating expectations, State Bank of India (SBI) has posted a 200-times rise in net profit to Rs 4,050 crore for the fourth quarter of the financial year ending March 2012, on lower provisioning and healthy growth in core income.

The bank was downgraded by ratings agency Moody's in October because of its thin capital base and worsening asset quality.

State Bank of India has rallied 4% to Rs 1,914, bouncing back over 5% from intra-day’s low of Rs 1,820 after reporting better-than-expected net profit at Rs 4,050 crore for the fourth quarter ended March 2012, due to lower provisioning and higher

State Bank of India, the country's biggest lender, beat market expectations with a sharp rise in its fourth-quarter net profit, mainly due to a lower base last year and strong demand for loans.

SBI Cards, like most other credit card issuers in the country, suffered losses during the financial crisis of 2008-09 due to sharp increase in delinquencies.

State Bank of India (SBI), the country’s biggest lender, eyes 50 per cent growth in home loans in 2012-13. The bank had lent Rs 2,214.30 crore in this segment in the previous fiscal in the Odisha circle, riding mainly on the boom in the realty

The bank Nifty, which tracks the movement of banking shares, hits three-month low is down by 3% at 9,835 points, compared with less than 2% fall in the benchmark index Nifty in late noon trades. In past two trading days, the bank Nifty lost 472 points.

The scramble to raise funds from the local bond market is set to intensify after Standard & Poor’s changed its outlook on India’s sovereign rating.

India's top 10 banks, including the SBI, ICICI Bank and HDFC Bank today suffered a collateral damage following the Standard and Poor's lowering the country's sovereign rating outlook.

State Bank of India (SBI), the country’s largest lender, will reduce interest rate on loans given to small and medium enterprises by 150 to 200 basis points (bps) by the end of the month.

The State Bank of India (SBI) has cut retail deposit rates by 25-100 basis points, following the changed policy stance of the Reserve Bank of India.

Within a month of raising its retail deposit rates, State Bank of India (SBI) has largely rolled those back.

Led by State Bank of India (SBI), five more banks today cut interest rates on loans and deposits up to 1%, following reduction in the short-term policy rates by Reserve Bank last week.

State Bank of India, the country's biggest lender, may not cut lending rates in the near term as costs of deposits continue to be high, Chairman Pratip Chaudhuri said on Monday, after the bank lowered its deposit rates.

The State Bank of India, aims to up 20-22 per cent in credit and 25 per cent in deposit growth in the current financial year, way above the performance of last year that had seen a mere 15-16 per cent in growth in credit expansion and 18 per cent increase

The CBI has arrested three State Bank of India (SBI) officers for their alleged involvement in siphoning off money to the tune of Rs 1.35 crore from Non-Resident Indian (NRI) accounts, sources said today.

State Bank of India, the country's largest lender, will cut lending rates on loans that have high interest rates, Chairman Pratip Chaudhuri said on Tuesday.