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SBI surges on registering 60% uptick in deposits so far this fiscal

14 Jun 2013 Evaluate

State Bank of India is currently trading at Rs 2037.80, up by 18.00 points or 0.89% from its previous closing of Rs 2019.80 on the BSE.

The scrip opened at Rs 2042.00 and has touched a high and low of Rs 2052.90 and Rs 2032.35 respectively. So far 98862 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 2550.00 on 10-Jan-2013 and a 52 week low of Rs 1816.20 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs 2074.95 and Rs 1973.25 respectively. The current market cap of the company is Rs 139064.11 crore.

The promoters holding in the company stood at 62.31% while Institutions and Non-Institutions held 26.78% and 8.49% respectively.

State Bank of India (SBI) has witnessed 60% rise in deposits so far this fiscal, partly due to the flight of savings from ponzi and bogus schemes, many of which financial ruined in recent months. Surprisingly, just like many other banks, SBI during the latter part of the past fiscal had witnessed a sharp fall in deposit accretion.

In absolute terms, the bank's deposit growth till now has been Rs 41,000 crore as against Rs 26,000 crore registered in the corresponding period previous year.

For the year ended March 31, 2013, the bank’s net profit surged by 20.48% at Rs 14104.98 crore as compared to Rs 11707.29 crore for the year ended March 31, 2012. Bank’s total Income has increased by 12.26% to Rs 135691.94 crore for the year under review from Rs 120872.90 crore for the previous fiscal.

On consolidated basis, Group’s FY13 net profit after Minority Interest and share of Profit / (Loss) of Associates increased by 16.77% at Rs 17916.23 crore as compared to Rs 15343.10  crore in FY12. Its total Income has increased by 13.38% to Rs 200559.83 crore for the year ended March 31, 2013 from Rs 176888.97 crore for the previous year.

SBI Share Price

1080.35 12.85 (1.20%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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