SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

State Bank of India gets shareholders' nod for raising Rs 5,393 crore from government

28 Sep 2015 Evaluate

State Bank of India (SBI), the country’s largest lender, has received shareholders' approval for raising Rs 5,393 crore by issuing preferential shares to the government. With the issuance of 19.65 crore shares, the government's holding in SBI will increase from existing 59.15% to 60.18%. The shareholders' nod for issuance of preferential shares was received in a meeting held on September 24, 2015. The bank has already fixed issue price of Rs 274.37 per share of face value of Re 1 each.

The bank reported 10.25% rise in its net profit at Rs 3692.43 crore for the quarter ended June 30, 2015 as compared to Rs 3349.08 crore for the same quarter in the previous year. Total income of the bank increased by 9.80% to Rs 44730.87 crore for the quarter under review from Rs 40739.21 crore for the corresponding quarter of the previous year.

State Bank Of India Share Price

1037.80 -0.05 (0.00%)
07-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
State Bank Of India 1037.80
PNB 103.80
Bank Of Baroda 247.70
Canara Bank 125.05
Union Bank Of India 161.10
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: