State Bank of India trades higher on the bourses

15 Sep 2014 Evaluate

State Bank of India is currently trading at Rs 2635.00, up by 9.40 points or 0.36% from its previous closing of Rs 2625.60 on the BSE.

The scrip opened at Rs 2610.00 and has touched a high and low of Rs 2644.75 and Rs. 2594.05 respectively. So far 164181 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2833.85 on 26-May-2014 and a 52 week low of Rs. 1455.95 on 14-Feb-2014.

Last one week high and low of the scrip stood at Rs. 2632.95 and Rs. 2525.00 respectively. The current market cap of the company is Rs. 196707.08 crore.

The promoters holding in the company stood at 58.60% while Institutions and Non-Institutions held 31.73% and 7.59% respectively.

With the purpose to curb the problem of rising bad loans in the tractor segment, State Bank of India (SBI), the nation’s biggest lender, is reportedly planning to launch the EMI facility on tractor loans for the farmers. This new facility will help the farmers to pay back loans with ease. Further, the bank is encouraging the lady of the farm household to become a co-borrower. For that the bank has launched ‘Stree Shakti tractor loans’, whereby the lady of the house is also made a co-borrower.

The bank’s net profit for the quarter ended June 30, 2014 rose by 3.33% at Rs 3349.08 crore as compared to Rs 3241.08 crore for the quarter ended June 30, 2013. Its total income has increased by 12.56% to Rs 40739.21 crore for the quarter under review from Rs 36192.62 crore for the corresponding quarter of the previous year.

 

SBI Share Price

752.60 18.55 (2.53%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
SBI 752.60
Bank Of Baroda 264.20
PNB 124.35
Canara Bank 581.90
Union Bank Of India 153.45
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