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SBI gains on plan of initiating online car loan service

22 Dec 2011 Evaluate

State Bank Of India (SBI) is currently trading at Rs 1639.35, up by 16.25 points or 1.00% from its previous closing of Rs 1623.10 on the BSE.

The scrip opened at Rs 1614.00 and has touched a high and low of Rs 1649.00 and Rs 1588.50 respectively. So far 668640 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 2959.90 on 25-Apr-2011 and a 52 week low of Rs 1576.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs 1782.45 and Rs 1576.00 respectively. The current market cap of the company is Rs 103066.69 crore.

The promoters holding in the company stood at 59.40% while Institutions and Non-Institutions held 27.19% and 10.56% respectively.

State Bank of India (SBI), the nation's largest lender, in a bid to offer its customers the hassle free facility is planning to come out with an online car loan service. This service will allow customers to check if they are eligible to get a car loan. The move of the largest lender comes after private banks like Axis Bank and HDFC Bank initiated their step towards it.

Recently, SBI had unveiled a new product, the ‘SBI-DSSC Combo Card’ for student officers and staff of Defence Services Staff College at Wellington, Nilgiris in Tamil Nadu. This Combo Card was a combination of a contactless chip-based smart card and a magnetic strip-based ATM cum - Debit card.

The bank’s net profit for the quarter registered growth of 12.36% at Rs 2,810.43 crore whereas the same was at Rs 2,501.37 crore for the quarter ended September 30, 2010.  Bank’s total income increased by 23.44% at Rs 29,394.32 crore for the quarter under review whereas the same was at Rs 23,813.30 crore for the corresponding of the previous fiscal.

SBI Share Price

1080.35 12.85 (1.20%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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