State Bank of India spurts on inking pact with World Bank for solar programme

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

05 Jul 2016 Evaluate

State Bank of India is currently trading at Rs 224.50, up by 1.65 points or 0.74% from its previous closing of Rs. 222.85 on the BSE.

The scrip opened at Rs. 223.00 and has touched a high and low of Rs. 225.00 and Rs. 221.70 respectively. So far 371605 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 291.85 on 05-Aug-2015 and a 52 week low of Rs. 148.30 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 224.40 and Rs. 215.70 respectively. The current market cap of the company is Rs. 174390.79 crore.

The promoters holding in the company stood at 60.18%, while Institutions and Non-Institutions held 28.41% and 10.07% respectively.

State Bank of India (SBI), country’s largest public sector lender, has signed an agreement with the World Bank for a $625 million (around Rs 4,200 crore) facility to support grid connected rooftop solar programme in India. The World Bank will help the SBI in financing Grid Connected Rooftop Solar Photovoltaic (GRPV) projects at competitive rates.

Through this initiative, at least 400 MW solar capacity will be created across the country which will benefit the government’s agenda to set a target for renewable energy generation of 175 gigawatts by 2022. The eligible beneficiaries under the facility would be developers, aggregators and end-users, who wish to set up solar PV projects mainly on commercial, industrial and institutional rooftops.

State Bank of India offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc.

SBI Share Price

980.60 7.10 (0.73%)

12-May-2026 09:55 View Price Chart

Peers

Company Name	CMP
SBI	980.60
PNB	104.95
Canara Bank	132.20
Bank Of Baroda	267.20
Union Bank Of India	164.30
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