State Bank of India gains on inking MoU with MakeMyTrip

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

01 Jul 2015 Evaluate

State Bank of India is currently trading at Rs. 267.45, up by 4.65 points or 1.77% from its previous closing of Rs. 262.80 on the BSE.

The scrip opened at Rs. 262.00 and has touched a high and low of Rs. 268.70 and Rs. 262.00 respectively. So far 7,48,000 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. 234.52 on 08-Oct-2014.

Last one week high and low of the scrip stood at Rs. 268.70 and Rs. 255.00 respectively. The current market cap of the company is Rs. 2,02,547.00 crore.

The promoters holding in the company stood at 58.60%, while Institutions and Non-Institutions held 30.45% and 8.81% respectively.

State Bank of India (SBI), the country’s largest public sector bank, has signed a Memorandum of Understanding (MoU) with online travel company MakeMyTrip.com. This strategic association will allow both partners to capitalize on the opportunity presented by India’s burgeoning internet economy that is driven by boost in adoption of e-commerce and m-commerce. The alliance includes partnership with personal banking unit for consumer facing propositions - including EMIs on purchase of holidays & international travel, customized travel products like Forex cards and travel products that inspire SBI customers to travel.

The bank has posted a rise of 65.52% in its net profit at Rs 134.42 crore for the quarter ended March 31, 2015 as compared to Rs 81.21 crore for the same quarter in the previous year. Total income of the bank has increased by 11.55% at Rs 1308.04 crore for quarter under review as compared to Rs 1172.58 crore for the quarter ended March 31, 2014.

SBI Share Price

973.50 -46.05 (-4.52%)

11-May-2026 16:01 View Price Chart

Peers

Company Name	CMP
SBI	973.50
PNB	104.70
Canara Bank	129.35
Bank Of Baroda	266.00
Union Bank Of India	163.80
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