Opening Bell | Asian markets open higher; SBI, Jet Airways in news

A file photo of the BSE building in Mumbai. Photo: Hemant Mishra/Mint US stocks end higher; Asia follows suit Stocks closed higher on Thursday, with the three major indices closing at record highs, amid sharp gains in oil prices and strong quarterly results from retailers. Asia markets advanced in early trade on Friday, following record […]

SBI: One-eyed king in land of the blind

The 44.16% increase on other income cushioned the impact of the rise in provisions on SBI’s June quarter profit. Photo: Pradeep Gaur/Mint State Bank of India (SBI) suffered a 32% drop in its net profit for the June quarter but still came out looking like a star because the other six public sector banks that […]

SBI profitability may stay under pressure for 6-8 quarters: Moody’s

Global ratings agency Moody’s said on Wednesday State Bank of India (SBI)’s profitability metrics could face lingering pressure as it spends the next six-eight quarters for rebuilding its balance sheet buffers. In contrast, SBI’s private sector counterpart ICICI Bank had seen significant improvement in operating profitability which would allow it to absorb a higher level […]