Core Insights - State Bank of India (SBI) aims to be the first bank to achieve an annual net profit of ₹1 lakh crore and has ruled out equity dilution for the next five years [1][12] - SBI expects to grow its loan market share for small and medium enterprises (SMEs) from 13% to 16-17% [1][12] - The bank anticipates a structural transformation in balance sheets as customers diversify their savings into mutual funds, insurance, and pensions [3][19] Business Growth and Strategy - SBI is adding approximately ₹10 lakh crore in business annually and prefers organic growth over consolidation [2][10] - The bank's credit growth is projected at 12-14%, primarily driven by retail, agriculture, and MSME sectors, which constitute 65% of its domestic book [13][25] - SBI has simplified its lending process for MSMEs, resulting in quicker approvals and competitive pricing [25] Market Conditions and Economic Outlook - SBI expects India's economic growth to exceed 7.5% in FY27, with inflation remaining below 4% [9][24] - The bank has not observed significant impacts on exporters from US tariffs, as many are diversifying their markets [8][24] Wealth Management and Investment - SBI is serious about wealth management, targeting an increase in assets under management (AUM) from ₹1 lakh crore to ₹15 lakh crore by 2030 [20] - The bank is developing products for loans against shares, aligning with its wealth management strategy [21] Environmental and Governance Initiatives - SBI has established an ESG department with goals to make 7.5% of its portfolio green by 2030, currently at 2-3% [23]

Joining me to wrap up the week, Ron Insana, CEO of Insana Information Partners. He joins me at the desk. Ron, great to have you. >> It's great to see you.Thanks for having me, Caroline. >> All right, so what do we need to take away from this week. What do investors actually need to care about right now.>> Well, I think they still have to care about the data fog that we're going through. I mean, we've got CPI or consumer price information that told us inflation was a little better than we thought, but the da ...

The IPO of the year, the biggest one, uh, popping on its open last hours, just a few minutes ago, really after some middling performance in the IPO market generally. Is it a sign of pent-up demand into mega offerings like SpaceX next year. A sigh of relief for the private equity space, too.Leslie Picker has more over at the NASDAQ. Leslie, hey, Kelly, [music] yes. The largest IPO of the year, Medline, opening for trading about 15 minutes ago at $35 per share.That's up more than 20% from its IPO price of $29 ...

Joining me now to discuss CNBC contributor Plexo Capitals Low Tony. It's good to see you. >> Good to see you as well.>> Think it's going to happen in the biggest ever. >> Yeah, I think so. >> $800 billion valuation today.>> Yes, >> man. What What does that make you think about when you think about a name and a and a valuation and a raise that big. It's big and I think it's one that everyone's been waiting for because this is one of the top five most valuable private companies and everyone's been waiting for ...

I wonder Gina, from a market participants perspective, how does this influence how you will approach today, trading or otherwise. >> Well, you've given us a range that goes from nothing to a lot. So, uh it's a it's a pretty wide range, but look, our 2026 road map um does assume that we continue to see significant capex spending into the infrastructure of AI.Um and we do think that that continues to support uh the kind of let's call it the picks and shovels uh of that uh ecosystem which includes Nvidia, it i ...

Philippe Laffont, founder and portfolio manager of Coatue Management, speaks during CNBC's Delivering Alpha event in New York City on Nov. 13, 2025.Hedge fund manager Philippe Laffont sounded a stark warning about the state of the U.S. IPO market, arguing that the ecosystem for taking companies public has deteriorated significantly.Coatue Management's founder and portfolio manager said the market today bears little resemblance to the vibrant IPO pipeline of prior decades."The IPO market is completely broken ...

RT Paul Atkins (@SECPaulSAtkins)With yesterday’s listing of MapLight, the IPO market is still open for business – companies are going public during the government shutdown using the method Congress originally intended. https://t.co/BLXkwZ9roW ...

Joining me now to discuss is JP Morgan's global chairman of investment banking and capital markets, Liz Meyers. Liz, thanks for being here. Yeah, >> great to be here.>> So, we saw the IPO window opening and then of course over the last 28 days, we've had this government shutdown. So, how would you characterize the pipeline now and just the overall sentiment around the capital markets. Well, I would say notwithstanding the this brief pause in things, the IPO market's been really vibrant and I think what's be ...

Core Insights - HSBC Holdings is set to announce its third-quarter 2025 results, with expectations of a year-over-year decline in revenues and earnings [1][9] - The consensus estimate for earnings is $1.65 per share, reflecting a 2.9% decrease from the previous year, while sales are estimated at $16.83 billion, indicating a roughly 1% decline [2] Investment Banking Performance - Investment banking revenues are anticipated to have increased due to a rebound in global mergers and acquisitions, driven by a strong U.S. economy and favorable regulatory conditions [3][4] - The IPO market showed significant growth in the third quarter, contributing to increased equity and debt underwriting fees for HSBC [4] Trading Revenues - Client activity and market volatility were robust, influenced by uncertainties regarding tariffs and Federal Reserve policy changes, leading to solid performance in HSBC's trading business [5] Interest Income - Interest income is expected to have improved slightly, supported by a mixed approach to interest rate adjustments by central banks and a modest rise in loan demand [6][7] Expense Management - Despite HSBC's historical ability to control expenses, overall costs are projected to be high due to investments in market share growth and digital capabilities, alongside an organizational overhaul [7] Litigation Impact - HSBC will recognize a $1.1 billion provision related to litigation from the Luxembourg Madoff fraud, which is expected to affect the bank's common equity tier 1 ratio by approximately 15 basis points [9][10]

IPO Market - Wall Street's biggest banks are profiting from the rebounding IPO market [1] - Increased stock underwriting is boosting advisory revenue by double-digit percentages [1]