State Bank of India

The domestic indices ended with significant gains after the RBI cuts the repo rate by 25 basis points to 5.25%. The Nifty reclaimed strength, ending above 26,150 after slipping to an intraday low of 25,985.35. Investors monitored IPO activity, movements in crude oil, and global market cues, while attention remained on Friday's US PCE data, a key input for the Fed's policy outlook. PSU Bank, IT, private bank shares advanced while media, consumer durables and pharma shares declined. As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 447.05 points or 0.52% to 85,712.37. The Nifty 50 index added 152.70 points or 0.59% to 26,186.45. In the past two trading sessions, the Nifty and Sensex declined 0.77% and 0.71%, respectively. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 0.19% and the S&P BSE Small-Cap index fell 0.32%. The market breadth was negative. On the BSE, 1,804 shares rose and 2,314 shares fell. A total of 193 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 4.64% to 10.32. IPO Update: Meesho received bids for 19,32,85,80,315 shares as against 27,79,38,446 shares on offer, according to stock exchange data at 15:33 IST on Friday (5 December 2025). The issue was subscribed 69.54 times. The issue opened for bidding on 3 December 2025 and it will close on 5 December 2025. The price band of the IPO is fixed between Rs 105 and 111 per share. Aequs received bids for 3,95,94,23,800 shares as against 4,20,26,913 shares on offer, according to stock exchange data at 15:27 IST on Friday (5 December 2025). The issue was subscribed 94.21 times. The issue opened for bidding on 3 December 2025 and it will close on 5 December 2025. The price band of the IPO is fixed between Rs 118 and 124 per share. Vidya Wires received bids for 1,11,03,69,888 shares as against 4,33,34,009 shares on offer, according to stock exchange data at 15:27 IST on Friday (5 December 2025). The issue was subscribed 25.62 times. The issue opened for bidding on 3 December 2025 and it will close on 5 December 2025. The price band of the IPO is fixed between Rs 48 and 52 per share. RBI MPC Outcome: The Reserve Bank of India Governor Sanjay Malhotra, announcing the fifth bi-monthly policy review of FY26 said that RBI's MPC has unanimously decided to reduce the policy repo rate by 25 basis points to 5.25%, keeping its stance neutral. The MPC voted unanimously to reduce the rate under the liquidity adjustment facility, which also revised the standing deposit facility (SDF) rate to 5% and the marginal standing facility (MSF) and Bank Rate to 5.50%, while maintaining a neutral stance. The RBI raised its real GDP growth forecast for FY26 to 7.3% from 6.8% earlier, expecting 7% growth in Q3 and 6.5% in Q4. For Q1 and Q2 FY27, growth is projected at 6.7% and 6.8%, respectively. The CPI inflation forecast for FY26 was lowered to 2% from 2.6%, with expectations of 0.6% in Q3 and 2.9% in Q4. CPI for Q1 and Q2 FY27 is projected at 3.9% and 4%. The MPC noted that headline inflation has eased sharply due to exceptionally benign food prices, while core inflation has softened and is expected to stay anchored near the 4% target in the first half of FY27. The committee said the balance between growth and inflation continues to offer policy space to support economic momentum. The minutes of the meeting will be published on 19 December, and the next MPC meeting will be held from 4 to 6 February 2026. Buzzing Index: The Nifty PSU Bank index added 1.51% to 8,381.75. The index jumped 1.56% in the two consecutive trading sessions. State Bank of India (up 2.44%), Punjab National Bank (up 1.86%), Bank of Baroda (up 1.56%), Bank of India (up 1.19%), Canara Bank (up 0.81%), Indian Bank (up 0.78%), Union Bank of India (up 0.68%), Punjab & Sind Bank (up 0.11%), Bank of Maharashtra (up 0.09%) surged. Stocks in Spotlight: Kaynes Technologies slumped 12.26% after a domestic brokerage flagged inconsistencies in its related-party disclosures. The broker said it identified mismatches in FY2025 filings made by Kaynes Technology, Kaynes Electronics Manufacturing and its subsidiary Iskraemeco, prompting concerns over the accuracy of inter-company transactions and year-end balances. Tenneco Clean Air India shed 0.08%. The company reported 10% increase in consolidated net profit to Rs 150.49 crore on 9.58% rise in revenue from operations to Rs 1,280.64 crore in Q2 FY26 over Q2 FY25. Z-Tech (India) added 2.39% after the company announced that it has secured new urban development projects worth Rs 7.09 crore from the Municipal Corporation of Delhi (MCD). Lupin fell 0.14%. The company announced that it has received tentative approval from the U.S. Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Siponimod Tablets in 0.25 mg, 1 mg and 2 mg. Kesoram Industries surged 19.85% after Frontier Warehousing announced an open offer to acquire 8.07 crore shares, representing a 26% stake, at Rs 5.48 per share. The offer was triggered after Frontier Warehousing entered into a share purchase agreement with Kesoram's promoter-group entities to acquire 13,29,69,279 equity shares at Rs 4 per share. This block represents 42.8% of Kesoram's voting share capital. Earlier this year, UltraTech Cement announced a 1:52 share swap ratio for its acquisition of Kesoram Industries, issuing one UltraTech share for every 52 held by Kesoram shareholders. ZEN Technologies gained 0.37% after the company announced that it has secured orders worth Rs 120 crore from the Ministry of Defence (MoD), Government of India. In a regulatory filing, the company said the orders pertain to the supply of a Comprehensive Training Node (CTN), which includes a suite of various training simulators and related equipment. The project is scheduled to be completed within one year. Niraj Cement Structurals dropped 0.94% after the company bagged two orders aggregating Rs 164.18 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) and the Northeast Frontier Railway. The larger order, valued at Rs 82.66 crore, has been awarded by MMRDA for providing connectivity from the SGMC Monorail Station to the Mahalaxmi Metro and suburban railway stations through an FOB equipped with a travellator. Additionally, the company has received an order worth Rs 81.52 crore from the Northeast Frontier Railway for the construction of multiple-span 12.20-meter PSC slab underpasses, Major Bridge No. 727, retaining wall, guide wall, embankment, and one minor bridge. Global Markets: Most European markets advanced on Friday, while Asian markets traded mixed, as Wall Street finished largely flat. Investors weighed growing expectations of a Federal Reserve rate cut ahead of next week's Fed policy decision. US equities ended largely unchanged overnight, supported by firm bets that the Fed will ease policy next week while investors await a key inflation reading. The Dow Jones Industrial Average slipped 0.07%, the S&P 500 rose 0.11% and the NASDAQ Composite added 0.22%. The probability of a 25-basis-point cut at the Fed's December 9-10 meeting has risen, with futures now pricing in about an 87% chance. Fresh labour data added to the uncertainty. Weekly jobless claims fell sharply by 27,000 to a seasonally adjusted 191,000, the lowest since September 2022, though holiday-related distortions may have amplified the decline. Earlier in the week, ADP reported a 32,000 drop in private-sector payrolls, the steepest fall in more than two and a half years. Challenger, Gray & Christmas noted that announced job cuts dropped sharply in November, although hiring plans remained subdued. These indicators arrive against the backdrop of an unprecedented 43-day government shutdown that postponed the Bureau of Labor Statistics' official jobs report, now expected only after the Fed's policy decision. In corporate news, Hewlett Packard Enterprise shares fell 9% in after-hours trade after the company missed fourth-quarter revenue expectations, reporting $9.68 billion against the consensus estimate of $9.94 billion.Powered by Capital Market - Live

State Bank of India (SBI) announced its decision to divest 3,20,60,000 equity shares, being equivalent to 6.3007% of total equity capital of SBI Funds Management (SBIFML) through Initial Public Offering (IPO), subject to regulatory approvals. Amundi India Holding, the other promoter of SBIFML will divest 1,88,30,000 equity shares, being equivalent to 3.7006% of total equity capital of SBIFML, with a total of 10.0013% stake comprising of 5,08,90,000 shares to be listed. Both the promoters of SBIFML have jointly initiated the IPO, which will likely be completed in 2026.  Presently, SBI and Amundi India Holding hold 61.91% and 36.36% stake in SBIFML respectively. SBIFML is the largest asset management company in the country with market share of 15.55% managing Quarterly Average Assets Under Management (QAAUM for Q2 FY2025-26) of Rs.11.99 trillion under various schemes of SBI Mutual Funds and AUM of Rs.16.32 trillion under Alternates as on 30th September 2025. SBI Chairman, Shri Challa Sreenivasulu Setty said, 'SBI Funds Management Limited (SBIFML) will be the third subsidiary of SBI to be listed after SBI Cards and SBI Life Insurance. Considering SBIFML's sustained strong performance and market leadership over the years, it is considered an opportune time to launch the IPO process. Apart from maximizing value realization for the existing stakeholders, the IPO will create opportunities for the general shareholders, broaden market participation and lead to increased awareness of products to a wider set of potential investors. This will further enhance the public visibility of the Company, thereby reinforcing its position as a leading player in the asset management industry'.Powered by Capital Market - Live

The Nifty October 2025 futures closed at 25,699, a premium of 101.35 points compared with the Nifty's closing at 25,597.65 in the cash market. In the cash market, The Nifty 50 index declined 165.70 points or 0.64% to 25,597.65. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, was down 0.09% to 12.65. State Bank of India (SBI), HDFC Bank and Suzlon Energy were the top-traded individual stock futures contracts in the F&O segment of the NSE. The November 2025 F&O contracts will expire on 25 November 2025.Powered by Capital Market - Live

Net profit of State Bank of India rose 6.85% to Rs 21137.33 crore in the quarter ended September 2025 as against Rs 19782.76 crore during the previous quarter ended September 2024. Total Operating Income rose 5.78% to Rs 128040.50 crore in the quarter ended September 2025 as against Rs 121044.68 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Total Operating Income128040.50121044.68 6 OPM %43.5648.19 - PBDT25630.0727474.31 -7 PBT25630.0727474.31 -7 NP21137.3319782.76 7 Powered by Capital Market - Live

Total income stood at Rs 1,34,979.47 crore in the quarter ended 30 September 2025, rising 4.52% YoY but declining 0.26% quarter-on-quarter (QoQ). Net interest income (NII) came in at Rs 41,620 crore, up 3.28% YoY but down 4.65% QoQ. The bank's net interest margin (NIM) for the whole bank stood at 2.97% in Q2 FY26, down 17 basis points (bps) YoY and up 7 bps QoQ. Domestic NIM was 3.09%, down 18 bps YoY and up 7 bps QoQ. Operating income rose 10.56% YoY to Rs 62,903 crore, and 7.68% QoQ. Operating profit grew 8.91% YoY to Rs 31,904 crore and increased 4.45% sequentially. Provisions rose to Rs 11,744 crore, up 7.14% YoY but down 3.17% QoQ. Whole bank deposits grew 9.27% YoY, while CASA deposits increased 8.06% YoY. The CASA ratio stood at 39.63% as on 30 September 2025. During the quarter, the cost-to-income ratio improved to 49.28% from 47.71% in Q1 FY26 and 48.51% a year ago. Cost to assets stood at 1.80%, up from 1.66% in the preceding quarter and 1.76% in the same quarter last year. The bank's gross non-performing assets (GNPA) stood at Rs 76,243 crore, down 2.30% QoQ and 8.55% YoY. Net NPA (NNPA) stood at Rs 18,460 crore, up 7.28% QoQ and 9.04% YoY. On the asset quality front, the bank's GNPA ratio reduced to 1.73% in Q2 FY26, compared with 1.83% in Q1 FY26 and 2.13% in Q2 FY25. The NNPA ratio stood at 0.42% in Q2 FY26, as against 0.47% in Q1 FY26 and 0.53% in Q2 FY25. The Provision Coverage Ratio (PCR) improved by 13 bps YoY to 75.79%, while PCR (including AUCA) improved by 8 bps to 92.29%. The slippage ratio for Q2 FY26 improved by 6 bps YoY to 0.45%, while the credit cost for the quarter stood at 0.39%. The bank's Capital Adequacy Ratio (CAR) as of the end of Q2 FY26 stood at 14.62%. State Bank of India is engaged in providing a wide range of products and services to individuals, commercial enterprises, large corporates, public bodies, and institutional customers. The counter rose 0.43% to Rs 954.30 on the BSE. Powered by Capital Market - Live

The Nifty November 2025 futures closed at 26,099, a premium of 162.8 points compared with the Nifty's closing at 25,936.20 in the cash market. In the cash market, the Nifty 50 index lost 29.85 points or 0.11% to 25,936.20. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.80% to 11.95. State Bank of India, ICICI Bank and Reliance Industries were the top-traded individual stock futures contracts in the F&O segment of the NSE. The November 2025 F&O contracts will expire on 25 November 2025.Powered by Capital Market - Live

State Bank of India will hold a meeting of the Board of Directors of the Company on 4 November 2025.Powered by Capital Market - Live

State Bank of India announced that CARE has assigned/ reaffirmed the credit rating 'CARE AAA; Stable' for the bank's debt instruments including Tier II bonds, infrastructure bonds and Tier I bonds. Powered by Capital Market - Live

State Bank of India has received affirmation in credit rating at ICRA AA+; Stable for Basel III Tier I bonds aggregating Rs 19,500 crore and ICRA AAA; Stable for Basel III Tier II bonds and infrastructure bonds aggregating Rs 75,200 crore. Powered by Capital Market - Live

State Bank of India is up for a third straight session in a row. The stock is quoting at Rs 842.5, up 1.32% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.37% on the day, quoting at 25332.7. The Sensex is at 82679.48, up 0.36%. State Bank of India has added around 1.79% in last one month. Meanwhile, Nifty Bank index of which State Bank of India is a constituent, has added around 0.61% in last one month and is currently quoting at 55147.6, up 0.45% on the day. The volume in the stock stood at 70.66 lakh shares today, compared to the daily average of 56.93 lakh shares in last one month. The benchmark September futures contract for the stock is quoting at Rs 846.95, up 1.52% on the day. State Bank of India is up 6.28% in last one year as compared to a 0.18% fall in NIFTY and a 5.01% fall in the Nifty Bank index.The PE of the stock is 10.51 based on TTM earnings ending June 25.Powered by Capital Market - Live