Sentiment in the markets which was really low for the last few weeks because of high inflation and interest rate regimes, was hit by a double whammy on Tuesday with the Centre’s reported move to make ONGC share a higher subsidy burden and SBI shocking the street with a dip of 99 per cent in its net profit for the Q4FY11 on higher provisioning.

May 17: The country’s largest public sector lender State Bank of India reported a dip of 99 per cent in its net profit to Rs 21 crore, on standalone basis, for the fourth quarter of 2010-11 against a

The country's largest lender, State Bank of India (SBI), on Tuesday reported a sharp fall in net profit for the quarter ended March 31 at 20.9 crores, as various provisioning measures, including those for pension, hit the bank's bottom-line.

The nation's largest lender State Bank has welcomed the RBI decision to hike the interest rate on savings deposits saying, the measure will in fact bring down the cost of its funds.

As many as 57 Indian companies including Reliance Industries, State Bank of India and Oil & Natural Gas Corp. figure in The Forbes Global 2000 list of public companies based on their rankings for sale

April 20: After facing months of disapproval from the RBI, the country’s top lender, State Bank of India has finally discontinued its popular ‘teaser rate’ home loan scheme. Under this scheme, borrow

State Bank of India and ICICI Bank have together picked up close to 11 per cent stake in debt- trapped Kingfisher Airlines as part of debt recast process.

SBI was alloted 2.8 crore equity shares on

State Bank of India (SBI) on Thursday extended its controversial special interest rate home loans product (teaser loans) till further notice.

The product, which has faced flak from the sector regula

Outgoing State Bank chairman Om Prakash Bhatt continued his defiance of the central bank on the teaser loan front saying "the Reserve Bank never understood our special home loan product".

"Obviously

State Bank of India is looking to buy banks in Africa and Southeast Asia as it seeks to ramp up its overseas operations, a senior company source with direct knowledge of the matter said.