SBI surges on inking pact with MoneyGram International for inbound money service

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

17 Nov 2011 Evaluate

State Bank of India (SBI) is currently trading at Rs 1785.95, up by 21.05 points or 1.19% from its previous closing of Rs 1764.90 on the BSE.

The scrip opened at Rs 1763.70 and has touched a high and low of Rs 1786.85 and Rs 1758.15 respectively. So far 247543 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 3172.00 on 02-Dec-2010 and a 52 week low of Rs 1708.55 on 05-Oct-2011.

Last one week high and low of the scrip stood at Rs 1865.50 and Rs 1717.00 respectively. The current market cap of the company is Rs 112070.97 crore.

The promoters holding in the company stood at 59.40% while Institutions and Non-Institutions held 27.19% and 10.56% respectively.

SBI, the country's largest public sector bank has partnered with money transfer services company - MoneyGram International and the latter's principal agent Thomas Cook (India) to provide in-bound money services across SBI's key branches. To begin with SBI's 100 branches will provide these services.

With this deal, MoneyGram International will be able to immensely increase consumer’s access to the company's services across India. The bank's locations throughout India will make it be more convenient than ever to receive money from anywhere in the country.

The bank’s net profit for the quarter has registered growth of 12.36% at Rs 2,810.43 crore whereas the same was at Rs 2,501.37 crore for the quarter ended September 30, 2010. Bank’s total income has increased by 23.44% at Rs 29,394.32 crore for the quarter under review whereas the same was at Rs 23,813.30 crore for the corresponding of the previous fiscal.

SBI Share Price

973.50 -46.05 (-4.52%)

11-May-2026 16:01 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
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