SBI shines on inking MoU with JBIC to assist Japanese SMEs

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

03 Sep 2012 Evaluate

State Bank of India is currently trading at Rs. 1859.75, up by 14.75 points or 0.80% from its previous closing of Rs. 1845.00 on the BSE.

The scrip opened at Rs. 1850.50 and has touched a high and low of Rs. 1865.00 and Rs. 1850.00 respectively. So far 68,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2474.80 on 21-Feb-2012 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. 1899.00 and Rs. 1816.20 respectively. The current market cap of the company is Rs. 1, 24,797 crore.

The promoters holding in the company stood at 61.58% while Institutions and Non-Institutions held 25.83% and 10.12% respectively.

State Bank of India (SBI), country’s largest public sector lender, in a bid to help small companies from the Far East nations to do business in India, has inked a memorandum of understanding (MoU) with Japan Bank for International Cooperation (JBIC).

The SMEs from Japan operating here or planning to enter the market here needs to avail of financial services as regional bank from their country do not have presence in India. This MoU will help Japanese Small and Medium Enterprises (JSMEs) to meet their financial requirements from SBI. Besides, the Japanese government has also mandated JBIC to coordinate with regard to the needs of JSMEs.

The bank has registered a surge of 136.91% in its net profit at Rs 3751.56 crore for first quarter ended June 30, 2012 as compared to Rs 1583.55 crore for the same quarter in the previous year. Total income of the bank has increased by 16.89% at Rs 32415.49 crore for Q1FY13 as compared Rs 27731.67 crore for the corresponding quarter previous year.

SBI Share Price

973.50 -46.05 (-4.52%)

11-May-2026 16:59 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
View more..

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