MoneyWorks4Me

SBI strengthens on launching ‘SBI green car loan’ scheme for electric vehicle

23 Apr 2019 Evaluate

State Bank of India (SBI) is currently trading at Rs. 312.80, up by 2.80 points or 0.90% from its previous closing of Rs. 310.00 on the BSE.

The scrip opened at Rs. 310.45 and has touched a high and low of Rs. 313.55 and Rs. 308.35 respectively. So far 277049 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 332.65 on 03-Apr-2019 and a 52 week low of Rs. 232.00 on 27-Apr-2018.

Last one week high and low of the scrip stood at Rs. 315.90 and Rs. 306.50 respectively. The current market cap of the company is Rs. 279473.46 crore.

The promoters holding in the company stood at 57.92%, while Institutions and Non-Institutions held 34.40% and 7.68% respectively.

State Bank of India (SBI) has launched ‘SBI green car loan’ (electric vehicle) scheme which provide a discounted loan for buyers of electric vehicles pricing 20 basis points lower than its existing auto loans. The scheme would act as a change agent in the auto loan segment and encourage customers to switch to electric vehicles which can improve overall air quality and lower carbon emissions. 

The scheme comes with the longest repayment period of up to eight years is a strategic inclusion to the bank's auto loan segment offered with zero processing fee for the first six months of the launch.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 984.50
PNB 116.80
Bank Of Baroda 232.40
Canara Bank 123.90
Union Bank Of India 177.45
View more..