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The Latest Breaking News from SBI

Saturday bank holiday: Are SBI, HDFC Bank, ICICI Bank open or closed today on July 11, 2026?

Banks will remain closed on Saturday, July 11, 2026? Digital banking services will continue to be available for customers even if banks are closed. Routine transactions can be performed using mobile and internet banking applications.

The Economic Times

IPO GMP buzz: Kusumgar leads with 39% GMP; SBI Funds Management, Laser Power also attract strong interest

The IPO market shows strong investor interest with high grey market premiums. Kusumgar IPO leads with a nearly 39% estimated listing gain. SBI Funds Management IPO also attracts significant attention with a 16% expected upside. Laser Power & Infra IPO offers a potential 15-16% listing gain. Alpine Texworld IPO shows…

The Economic Times

SBI MF IPO: Can Zerodha, Groww and other digital-first funds threaten India’s largest AMC in $1 trillion race?

As SBI Funds Management heads for its Rs 11,693-crore IPO, the rise of digital-first platforms like Zerodha and Groww is reshaping India's mutual fund industry. While digital challengers are winning younger investors, the country's largest AMC believes its scale, trust and distribution network remain powerful competitive advantages.

The Economic Times

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Prashant Jain, other top investors pick Rs 1,655 crore stake in SBI Funds Management pre-IPO deals

SBI Funds Management has raised Rs 1,655 crore through a pre-IPO placement by selling a 1.42% stake to 30 marquee investors, including Prashant Jain-led 3P India Equity Fund I. The strong institutional participation comes ahead of the AMC's Rs 11,692.91-crore IPO, which opens for subscription on July 14.

The Economic Times

India should resist early concessions in US trade talks: SBI report

India should remain patient and avoid making early concessions in its ongoing trade negotiations with the United States, as Washington's current negotiating style relies heavily on strategic uncertainty and issue-linking to maximise leverage, according to an SBI Ecowrap research report released on Friday.

The Economic Times

SBI to sell 1.42% stake in SBI Funds in pre-IPO deal

State Bank of India is selling a stake in its asset management unit. This pre-IPO placement provides an early valuation benchmark for the company. SBI Funds Management's initial public offering will open for bids on July fourteenth. The asset manager seeks a valuation of up to 1.17 trillion rupees. The…

The Economic Times

SBI MF confident of IPO despite volatilities; aims to double foreign book in 3 years

SBI Funds Management is confident its Rs 11,600-crore IPO will succeed despite market volatilities. The asset manager aims to double its international book to USD 5 billion within three years. This revenue augmentation plan includes expanding global presence and staff. The company is also focusing on its alternatives business and…

The Economic Times

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DeFi veteran Gauntlet raises $125 million from Japanese financial giant SBI Holdings

The Japanese conglomerate has made bets on other crypto protocols, including the lender Morpho and the blockchain Arc.

Fortune

SBI Funds Management IPO: What portion is reserved for SBI's 38 lakh shareholders?

SBI Funds Management's Rs 11,693-crore IPO has earmarked up to 1.3 crore shares worth nearly Rs 750 crore for eligible SBI shareholders. The offer opens on July 14, with over 38 lakh SBI shareholders eligible to apply under the reserved category, subject to meeting the company's eligibility criteria.

The Economic Times

SBI Funds Management IPO: GMP and other key details investors should know about Rs 11,693 crore offer

SBI Funds Management’s Rs 11,693-crore IPO has drawn investor attention ahead of its opening, with grey market trends indicating a potential listing price of around Rs 644, a premium of nearly 13% over the upper price band. The IPO is set to be the largest of 2026 so far, though…

The Economic Times

State Bank of India draws over $1.5 billion in forex deposits

State Bank of India has raised over $1.5 billion from overseas citizens. This program offers attractive returns due to Reserve Bank of India subsidies. Depositors can leverage funds, earning more than their borrowing costs. Banks are expanding outreach to India's large diaspora globally. This initiative echoes a similar plan from…

The Economic Times

SBI’s 15-paise bet: How India's largest bank is turning a tiny cost into mindboggling 382,567% profit

SBI and Amundi India Holding are set to earn combined profits of about Rs 11,658 crore from the Rs 11,693 crore IPO of SBI Funds Management, India's biggest IPO of 2026 so far. The issue, priced at Rs 545-574 per share, is entirely an offer for sale, with no fresh…

The Economic Times

SBI rejects Rs 9.48 lakh VRS claim after employee dies a month before cut-off date; HC orders payment to family for this reason

SBI denied Rs 9.48 Lakh VRS benefits as employee died a month before VRS retirement cut-off date; Telangana HC grants relief to family and orders SBI to pay. The Telangana High Court held that where an State Bank of India (SBI) employees' VRS application had already been accepted then his…

The Economic Times

SBI Funds Management sets IPO price band at Rs 545–574 for Rs 11,693 crore public offer

The anchor book will open on Monday, July 13. The IPO will open for subscription on Tuesday, July 14, and close on Thursday, July 16.

The Economic Times

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The Economic Times

SBI Funds Management IPO to open on July 14. Check details

SBI Funds Management has filed its red herring prospectus for an IPO comprising only an offer for sale by SBI and Amundi India Holding. The listing will offer investors exposure to India’s fast-growing mutual fund industry without raising fresh capital.

The Economic Times

Rs 20,000 SIP vs Rs 20,000 RD: Which monthly investment can generate higher returns in 5 years?

Monthly investments of Rs 20,000 in mutual fund SIPs and bank RDs are compared. SIPs offer potential for higher returns over five years, while RDs provide predictable outcomes. India Post RD offers 6.7% interest, yielding Rs 14.27 lakh after five years.

The Economic Times

Include infra loans in priority sector in absence of vibrant bond market: SBI economists

Economists propose reviewing priority sector lending guidelines for banks. They note banks struggle to meet targets without certificate purchases. Infrastructure loans should gain priority sector status for national development. Housing and education loan limits also need upward revision. Renewable energy project loan limits should be significantly increased.

MyLifeXP

Prime Day 2026: These Tech Categories See the Biggest Price Drops in India

For Indian shoppers, Prime Day has evolved into more than just another sale. It has become an opportunity to finally buy gadgets that may have been sitting in wishlists for months. Whether it is upgrading an aging smartphone, investing in a work laptop, or building a smarter home, Prime Day…

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MyLifeXP

Flipkart GOAT Sale 2026: iPhone 17 Price Drops by ₹12,000

Waiting for the perfect shopping sale can often feel like a gamble. Prices change overnight, discounts disappear within minutes, and what looks like a great deal isn't always the cheapest. But the Flipkart GOAT Sale 2026 is arriving with some of its biggest price cuts yet. From the latest iPhone…

The Economic Times

SBI to recruit 1,500 probationary officers this year

State Bank of India is set to recruit 1,500 probationary officers this year to fuel business expansion, with applications closing on July 8. The bank also hires IT professionals and domain experts as Specialist Officers. Last fiscal, SBI onboarded over 25,000 individuals, including officers and associates, demonstrating its commitment to…

The Economic Times

M-cap of 6 of top-10 most valued firms surges Rs 1 lakh cr; Airtel, Bajaj Fin top winners

In the last week, Indian stock markets thrived, witnessing a remarkable Rs 1 lakh crore increase in the combined market valuation of six leading companies. The surge was largely attributed to Bharti Airtel and Bajaj Finance, which capitalized on favorable equity trends and robust domestic economic signals. Even though a…

The Economic Times

SBI Mutual Fund planning IPO launch on July 13, to raise $1.2 billion

SBI Mutual Fund is set to launch its IPO on July 13, with a likely $1.2 billion issue size, making it one of the biggest in India’s financial sector. The offer-for-sale issue will see SBI and Amundi pare their stakes, with the price band announcement expected on July 9.

The Economic Times

Rs 1 lakh crore on crude imports will be saved by 2030, as 35 lakh EVs will replace petrol vehicles: SBI Report

India is poised for a significant electric vehicle surge, with an estimated 35 lakh petrol vehicles to be replaced by EVs between 2027-2030. This shift could slash crude oil import bills by Rs 1 lakh crore if EVs capture 20% of the market by 2030. The West Asia conflict has…

The Economic Times

Stocks in news: Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, SBI

Indian markets opened positively, with analysts suggesting a stock-specific strategy amidst consolidation. Hero MotoCorp sees a revival in commuter bike demand, planning capacity expansion. Canara Bank and Indian Bank reported strong credit growth. Bharti Airtel's NBFC arm has begun operations, while Indian Hotels plans significant capital expenditure. SBI launched AI-powered…

The Economic Times

SBI boosts AI-powered banking with new digital journeys for retail, corporate customers

The announcements span SBI's YONO platform, introducing new customer journeys, AI-driven capabilities and industry-first features that simplify banking, empower businesses and promote financial and sustainability wellness, the bank said in a statement.

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