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State Bank of Travancore trades higher on the bourses

11 Sep 2014 Evaluate

State Bank of Travancore is currently trading at Rs. 519.90, up by 3.10 points or 0.60% from its previous closing of Rs. 516.80 on the BSE.

The scrip opened at Rs. 520.00 and has touched a high and low of Rs. 520.00 and Rs. 517.00 respectively. So far 3343 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 662.90 on 11-Jun-2014 and a 52 week low of Rs. 364.50 on 14-Mar-2014.

Last one week high and low of the scrip stood at Rs. 527.35 and Rs. 511.60 respectively. The current market cap of the company is Rs. 3064.89 crore.

The promoters holding in the company stood at 78.91% while Institutions and Non-Institutions held 5.16% and 15.93% respectively.

State Bank of Travancore (SBT), an associate of State Bank of India, has introduced a new savings deposit scheme, SBT Little Star, for children up to the age of 18 years. The parent or guardian of the child can open this account on the name of the child and further the child can operate this account. Besides, ATM and internet banking facility with limited options will be provided to child above the age of 15 years.

State Bank of Travancore (SBT) was incorporated in 1945 as Travancore Bank sponsored by the erstwhile princely state of Travancore. Under a special statute of the Indian Parliament (SBI subsidiary Banks Act 1959) it has been made an Associate of the State Bank of India and a member of the State Bank Group, the largest banking group in India. The Bank is alive to its developmental role and actively participates in meeting need based requirements of Small and Medium Enterprises and Agriculture. It has consistently met the benchmarks for priority sector advances stipulated by the Government from time to time.

 

Peers
Company Name CMP
SBI 1067.50
PNB 113.50
Canara Bank 141.05
Bank Of Baroda 279.20
Union Bank Of India 188.45
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