Bernstein rated State Bank of India as 'Market-Perform' and Goldman Sachs initiated State Bank of India with a 'Neutral' rating, with Goldman Sachs citing its stronger funding franchise and improving fee-income profile despite caution on public sector banks.

State Bank of India raised $500 million through a public sale of dollar bonds and an additional $600 million through the private route since June, as Indian lenders tapped offshore markets following the Reserve Bank of India's discounted hedging facility for financial institutions.

State Bank of India is among four banks that received interim protection from the Delhi High Court, which ruled that its non-encashment of Reliance Communications' Rs 800 crore bank guarantees will not be considered a Reserve Bank of India default until September 3. The court is hearing State Bank of India's challenge to the Department of Telecommunications' invocation of the guarantees, which the bank argues is illegal, arbitrary and ultra vires.

State Bank of India is evaluating a commitment for the remaining portion of Aditya Birla Group's proposed Rs 14,000 crore domestic syndicated loan to fund the acquisition of Shell's Sprng Energy. Axis Bank Limited has underwritten the full amount, with the group preferring to close the financing with two to three lenders.

State Bank of India, the country's largest lender, has agreed to sanction its share of a loan for Vodafone Idea Limited's capital expenditure plan after Vodafone Idea agreed to provide guarantees through its promoter companies, resolving an earlier deadlock.

State Bank of India Chairman C S Setty said the bank's total business could potentially double to around Rs 200 lakh crore by 2030 from Rs 110.01 lakh crore at end-June 2026, implying 11-12% annual balance sheet growth if the Indian economy grows 7-8%. Setty said there is no formal milestone but trajectory points to Rs 170-180 lakh crore and potentially Rs 200 lakh crore, and outlined Vision 2030 goals including maintaining CET1 around 12% and CRAR around 15% and reducing cost-to-income ratio by 2-3 percentage points through efficiency gains.

State Bank of India is the complainant in the Central Bureau of Investigation case where the agency alleges Reliance Communications Limited and Reliance Infratel Limited fraudulently availed a Rs 1,200 crore term loan and caused a wrongful loss of around Rs 971.25 crore to State Bank of India, part of a total exposure of Rs 19,694.33 crore of public sector banks and financial institutions.

State Bank of India acquired leasehold rights over an 8,581 sq metre parcel at Kharadi Knowledge Park, Pune, and outright ownership of the 17,078.56 sq metre (about 1.84 lakh sq ft) building on it from Siddhivinayak Enterprises for Rs 414 crore, with the deed of assignment registered on August 14, 2026, giving the bank a sizeable commercial asset in the Kharadi corridor.

State Bank of India received a Neutral rating from Goldman Sachs with a target price of Rs 1,170, implying 11% upside, as part of the brokerage's coverage initiation on 14 Indian banks including public sector lenders.

State Bank of India's Rs 249.29 crore bank guarantee furnished for Reliance Communications Limited's deferred spectrum payments was invoked by the Department of Telecommunications on August 15 as part of about Rs 801.91 crore in guarantees. The Supreme Court, hearing petitions by Reliance Communications' resolution professional along with State Bank of India and other banks, refused to stay the invocation and directed Reliance Communications to seek relief in the High Court.

State Bank of India has cut interest rates on domestic bulk term deposits of Rs 3 crore and above effective 15 August 2026, lowering rates by 25 bps for 7 days to 179 days and 10 bps for 180 days to 210 days for both general customers and senior citizens, while leaving rates for 211 days to 10 years unchanged. State Bank of India now offers 5.25% to 6.50% to general customers and 5.75% to 7% to senior citizens on bulk deposits, applies the new rates to new deposits and renewals, and charges a 1% premature withdrawal penalty, while keeping retail deposits below Rs 3 crore unchanged.

State Bank of India will from October 1, 2026 charge Rs 15 plus GST per cash withdrawal beyond four free withdrawals per month for its Basic Savings Bank Deposit accounts, removing the earlier exclusion of digital transactions from the free-limit calculation, with the four free withdrawals covering branch, ATM and AEPS transactions.