State Bank of India rises on getting nod to raise Rs 15,000 crore from market

State Bank Of India | Bank - Public | BFSI | BSE: 500112 | NSE: SBIN

27 Feb 2015 Evaluate

State Bank of India is currently trading at Rs 292.50, up by 2.95 points or 1.02% from its previous closing of Rs. 289.55 on the BSE.

The scrip opened at Rs 291.95 and has touched a high and low of Rs 292.75 and Rs. 290.25 respectively. So far 324903 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 335.90 on 28-Jan-2015 and a 52 week low of Rs. 150.67 on 26-Feb-2014.

Last one week high and low of the scrip stood at Rs 306.50 and Rs. 288.30 respectively. The current market cap of the company is Rs. 218074.00 crore.

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

In a bid to fund business and meet global capital adequacy norms, State Bank of India (SBI), the nation’s biggest lender, has received its shareholders’ approval for raising Rs 15,000 crore through a public offer, including a rights issue. The move comes in the backdrop of the Cabinet permitting banks to lower the Government holding from 58 per cent to 52 per cent enabling lenders to raise funds from the market to meet Basel III norms.

Last year, the bank raised Rs 8,032 crore by selling shares through the qualified institutional placement route to fund its business growth. Besides, the government infused Rs 2,000 crore capital in the bank during the last fiscal.

SBI has registered a rise of 30.24% in its net profit at Rs 2910.06 crore for third quarter ended December 31, 2014 as compared to Rs 2234.34 crore for the same quarter in the previous year. However, total income of the bank has increased 12.07% at Rs 43783.91 crore for Q3FY15 as compared Rs 39067.91 crore for the corresponding quarter previous year.

State Bank Of India Share Price

1039.90 -11.90 (-1.13%)

03-Jul-2026 16:59 View Price Chart

Peers

Company Name	CMP
State Bank Of India	1039.90
PNB	105.35
Bank Of Baroda	252.20
Canara Bank	127.15
Union Bank Of India	163.15
View more..

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