State Bank of India

State Bank of India announced that SBI Funds Management has filed the red herring prospectus for its IPO. The offering is an sale of up to 203.71 million shares, with SBI divesting 128.33 million. The IPO opens for subscription on July 14, 2026.

A State Bank of India (SBI) manager's Form 16 showing an annual gross salary of ₹ 35.24 lakh has gone viral on social media, sparking a conversation about the difference between gross salary and actual take-home pay. The post triggered an array of reactions from the netizens.

The controversy surrounding the alleged misappropriation of donations at the Ram Temple in Ayodhya has taken a fresh turn, with bank sources claiming that the State Bank of India had recommended replacing the temple's cash-counting staff nearly three months before the alleged scam surfaced.

NSE IPO: State Bank of India (SBI) is the largest shareholder participating in the OFS of NSE IPO. SBI will sell up to 2.48 crore NSE shares. According to the DRHP, SBI’s weighted average acquisition cost for these shares is merely ₹ 0.80 per share.

The NSE IPO is a pure offer-for-sale of 149 million equity shares by investors led by State Bank of India, even as largest shareholder LIC abstains.

Vodafone Idea's plan comes as analysts raise concerns about the company’s future payment obligations to clear spectrum dues, and the company is confident it can raise funds from a State Bank of India-led consortium.

State Bank of India shares fell 4.5% to ₹ 974, marking a second-day cumulative decline of 11%. The drop followed disappointing Q4 results, erasing ₹ 1.11 lakh crore in market cap. Brokerages adjusted their earnings estimates but maintained 'buy' ratings with revised target prices.

The flagship Nifty Bank index tumbled 1.70% in intraday deals today, as barring Bank of Baroda (BoB), all stocks faced intense selling pressure. State Bank of India (SBI) emerged as the biggest laggard as it extended its post-earnings decline.