Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  State Bank of India    SBI   INE062A01012

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

State Bank of India : to Raise up to $558.3 Million via Preferential Share Allotment to Government

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/19/2013 | 01:17pm CET
   By Ashutosh Joshi 
 

MUMBAI--State Bank of India (500112.BY) on Saturday said its board has approved raising up to 30.04 billion rupees ($558.3 million), via preferential allotment of shares to the Indian government.

Earlier this month, the government approved a proposal to inject up to INR122 billion ($2.27 billion) of capital into several state-run banks.

The government's decision is aimed at helping the state-run banks raise funds necessary to boost lending and meet higher capital requirements under the Basel-III rules that are being implemented in phases.

State Bank of India, also India's biggest lender by assets, said the fundraising will also enable it to support national and international banking operations of its units and it is seeking necessary approvals from the central bank and the government for increasing its capital size.

The funds will be injected this fiscal year that ends March 31, 2013.

The Indian government currently owns 61.6% of the bank.

Write to Ashutosh Joshi at ashutosh.joshi@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on STATE BANK OF INDIA
09:58a STATE BANK OF INDIA : Fake notes spill out of SBI ATM
02:55a STATE BANK OF INDIA : India’s top lender examining notes at ATMs after fak..
02/21 STATE BANK OF INDIA : website gets a new avatar
02/20 STATE BANK OF INDIA : EDELWEISS ARC MAKES Rs500-CRORE BID FOR ADHUNIK
02/19 TOP MUTUAL FUND PERFORMER : ICICI Prudential Banking Fund
02/19 AHEAD OF MERGER WITH SBI, ASSOCIATE SBT TO RAISE UP TO Rs600 CRORE
02/18 Ranganathan, Mehta appointed Non-Official Director in IOB, PNB
02/18 State Bank of India gets Cabinet nod for merger
02/18 STATE BANK OF INDIA : Post-merger, 400 branches of sbi, arms in kerala may close..
02/16 SBI, associate banks soar up to 14% after merger nod
More news
Sector news : Banks - NEC
10:45a DEUTSCHE LUFTHANSA : Brussels Airport prepped for sale as Australia's Macquarie ..
10:27a RSA posts 2016 operating profit beat, shares hit 5-1/2 year high
10:01aDJGlobal Shares Follow Wall Street Lower--2nd Update
09:46aDJBARCLAYS : Swings to Profit as Restructuring Nears End -- Update
09:33a BARCLAYS : to pay $988 million to split from African business
More sector news : Banks - NEC
Advertisement
Financials ( INR)
Sales 2017 934 357 M
EBIT 2017 448 477 M
Net income 2017 113 188 M
Debt 2017 -
Yield 2017 1,08%
P/E ratio 2017 19,00
P/E ratio 2018 13,38
Capi. / Sales 2017 2,32x
Capi. / Sales 2018 2,16x
Capitalization 2 171 185 M
More Financials
Chart STATE BANK OF INDIA
Duration : Period :
State Bank of India Technical Analysis Chart | SBI | INE062A01012 | 4-Traders
Full-screen chart
Income Statement Evolution
More Financials
Consensus 
Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 298  INR
Spread / Average Target 9,6%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Dinesh Kumar Khara Managing Director
Arundhati Bhattacharya Chairman
Anshula Kant Chief Financial Officer & Deputy Managing Director
Mrityunjay Mohapatra Chief Information Officer
Deepak Ishwarbhai Amin Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
STATE BANK OF INDIA-83.13%32 485
JPMORGAN CHASE & CO.5.47%325 837
WELLS FARGO & CO5.70%293 102
BANK OF AMERICA CORP12.13%249 205
INDUSTRIAL AND COMMRCL..6.12%242 237
CHINA CONSTRUCTION BAN..9.19%208 257
More Results