Written by Sonu
State Bank of India (SBI), the country’s largest lender, posted a 12.48% year-on-year (YoY) rise in standalone net profit to ₹19,160 crore for the first quarter of FY26, surpassing market estimates. The growth was primarily driven by a healthy increase in operating income and improved asset quality. Despite the strong financial performance, SBI shares fell … Continue reading “SBI Reports 12% YoY Rise in Q1 Profit; HSBC Upgrades Rating to ‘Buy’ Despite Share Dip”
Written by Harsh
One of Japan’s biggest banks, SMBC, is gearing up to acquire a 20% stake in Yes Bank for ₹13,483 crore by buying shares held by SBI and other banks at the price of ₹21.50 per share. This transaction has strongly endorsed the turnaround story of Yes Bank in its 2020 rescue led by SBI along … Continue reading “SMBC To Buy 20 percent stake in Yes Bank, Buy it Now ?”
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