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State Bank of India surges on plan to raise Rs 15,000 crore

28 Jan 2015 Evaluate

State Bank of India is currently trading at Rs. 331.80, up by 2.00 points or 0.61% from its previous closing of Rs. 329.80 on the BSE.

The scrip opened at Rs. 330.15 and has touched a high and low of Rs. 332.65 and Rs. 328.25 respectively. So far 396277 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 332.65 on 28-Jan-2015 and a 52 week low of Rs. 145.60 on 14-Feb-2014.

Last one week high and low of the scrip stood at Rs. 332.65 and Rs. 319.20 respectively. The current market cap of the company is Rs. 247265.01 crore.

The promoters holding in the company stood at 58.60% while Institutions and Non-Institutions held 31.00% and 8.28% respectively.

State Bank of India (SBI), the nation’s biggest lender, is planning to raise up to Rs 15,000 crore additional capital from the market by the end of 2015. The bank will retained the option to raise the funds either through a sale to its existing shareholders or through a special sale to institutional investors in which case the government's stake could fall to 54% from 58.6% at current market prices. Currently, the bank is seeking the Government of India or Reserve Bank of India’s approval for raising capital under the State Bank of India Act. Last year in January, the bank had raised equity capital to the tune of Rs. 8,032 crore, with the Life Insurance Corporation of India (LIC) subscribing to over 40 per cent of the issue.

SBI has registered 30.54% jump in its net profit at Rs 3100.41 crore for second quarter ended September 30, 2014 as compared to Rs 2375.01 crore for the same quarter in the previous year. Total income of the bank has increased 12.46% at Rs 41833.36 crore for Q2FY15 as compared Rs 37199.92 crore for the corresponding quarter previous year.

 

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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