State Bank of India rises on launching virtual electronic debit card

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

23 Apr 2012 Evaluate

State Bank of India is currently trading at Rs. 2,266.40, up by 5.95 points or 0.26% from its previous closing of Rs. 2260.45 on the BSE.

The scrip opened at Rs. 2268.65 and has touched a high and low of Rs. 2279.70 and Rs. 2256.85 respectively. So far 75,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2959.90 on 25-Apr-2011 and a 52 week low of Rs. 1576.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 2347.00 and Rs. 2210.00 respectively. The current market cap of the company is Rs. 1, 43,916 crore.

The promoters holding in the company stood at 61.58% while Institutions and Non-Institutions held 25.84% and 10.05% respectively.

State Bank of India (SBI), country’s largest public sector lender has introduced a ‘virtual' electronic debit card for e-commerce transactions. The customer can create this State Bank Virtual card using bank's internet banking facility with transaction rights and customer is not required to share any details of the principal account on the merchant web site.

This card is a convenient and secured gateway to online payment for SBI's Internet banking users. Customers don't require paying anything for creation of the card and they can create any number of cards at the same time. The card is created for each online transaction and is valid for a maximum of 48 hours.

There is no transfer of balance from the principal account in as much as only a lien is marked on the account. The minimum amount with which the card can be loaded with is Rs 100 and there is no upper limit. Transfer of balance takes place only when the customer does the actual transaction online.

SBI Share Price

1019.55 -72.25 (-6.62%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
SBI	1019.55
PNB	107.20
Canara Bank	134.35
Bank Of Baroda	264.05
Union Bank Of India	166.15
View more..

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