SBI Q4 result today: What to expect?
SBI share price: SBI shares were trading 1.99% higher at Rs 392.20 on BSE at 12.18 pm on Friday. The stock opened 1.5 per cent higher at Rs 390.45 against the previous close of Rs 384.55
BusinessToday.In | May 21, 2021 | Updated 12:28 IST
SBI will announce its Q4 FY21 and full year results on Friday, May 21
The State Bank of India (SBI) is likely to post a profit of Rs 6,166.2 crore in the March quarter, up from Rs 3,580 crore in the same period last year, as per a Bloomberg assessment of 10 analysts.
The public sector lender will announce its Q4 FY21 and full year results on Friday, May 21.
BENGALURU: State Bank of India, the country s largest lender by assets, on Friday posted a record quarterly profit, helped by lower provisions for bad loans, and announced its first dividend in four years.
Net profit rose 80% to Rs 6,451 crore ($883.09 million) for the three months ended March 31, from Rs 3,581 crore a year earlier, SBI said in a regulatory filing. Analysts had expected a profit of Rs 6,147 crore, according to Refinitiv IBES data.
SBI announced a dividend of Rs 4 per share, its first payout since May 2017, when it had rewarded shareholders with Rs 2.6 per share.
The lender reportedly received a windfall of nearly Rs 4,000 crore as part of dues owed by bankrupt steelmaker Bhushan Power and Steel.
Big news! State Bank of India charging money on digital transactions, card swipes from SBI account holders
A new study by IIT-Bombay has revealed that SBI collected over Rs 300 crore by imposition of service charges during the period 2015-20.
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Updated: Apr 12, 2021, 11:54 AM IST
A study by IIT-Bombay has revealed State Bank of India and several other banks in the country have been imposing excessive charges on certain services wbich are provided to those with zero-balance or Basic Savings Bank Deposit Accounts (BSBDA). According to the study, the decision by SBI, which is country s largest public lender, to levy a charge of Rs 17.70 for every debit transaction beyond four by the BSBDA account holders is not reasonable.
SBI collects Rs 300 cr from 12 cr zero balance accounts in 5 years
The study highlighted that the imposition of service charges resulted in undue collections to the tune of over Rs 300 crore from among nearly 12 crore Basic Savings Bank Deposit Account (BSBDA) holders of SBI during the period 2015-20
PTI | April 11, 2021 | Updated 17:55 IST
Levying of charges on BSBDA is guided by September 2013 RBI guidelines
Several banks, including State Bank of India (SBI), have been imposing excessive charges on certain services provided to poor persons having zero-balance or Basic Savings Bank Deposit Accounts (BSBDA), a study by the IIT-Bombay has revealed.
The study observed that the SBI s decision to levy a charge of Rs 17.70 for every debit transaction beyond four by the BSBDA account holders cannot be considered as reasonable.
Big news for SBI customers as State Bank of India issues alert for Fixed Deposit frauds - Details here - The SBI posted a tweet asking its customers to control access to their account by not sharing personal details.