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State Bank of Travancore inches up on increasing NRE term deposit rates

29 Nov 2011 Evaluate

State Bank of Travancore is currently trading at Rs. 533.00, up by 0.20 points or 0.04% from its previous closing of Rs. 532.80 on the BSE.

The scrip opened at Rs. 534.00 and has touched a high and low of Rs. 537.00 and Rs. 532.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 909.10 on 02-Dec-2010 and a 52 week low of Rs. 516.00 on 25-Nov-2011.

Last one week high and low of the scrip stood at Rs. 548.00 and Rs. 516.00 respectively. The current market cap of the company is Rs. 2664.00 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 5.61% and 19.39% respectively. 

State Bank of Travancore (SBT) has increased its interest rates for NRE deposits across various maturities with effect from November 25, 2011. As per the changes, interest rate for NRE term deposits for periods one year to less than two years will be 3.69%; two years to less than three years, 3.36%; and three years and above up to five years, 3.52%.

Interest rate for FCNR deposits in US dollars will be 2.19% for a period of one year to less than two years; 1.86% for two years to less than three years; 2.02% for three years to less than four years; 2.30% for four years to less than five years and 2.62% for five years.

For deposits in pound sterling, the corresponding rates will be 3.01%, 2.62%, 2.75%, 2.94%, and 3.14%. The corresponding rates for deposits in euro will be 3.33%, 2.80%, 2.93%, 3.10% and 3.29%.

Interest rates for RFC term deposits for six months to less than one year will be one per cent; one year to less than two years, 2.19%; two years to less than three years, 1.86%; and for three years, 2.02%.

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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