SBI inches up on commencing operations in Qatar

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

13 Dec 2011 Evaluate

State Bank of India (SBI) is currently trading at Rs 1777.00, up by 3.90 points or 0.22% from its previous closing of Rs 1773.10 on the BSE.

The scrip opened at Rs 1759.00 and has touched a high and low of Rs 1784.40 and Rs 1748.10 respectively. So far 4,56,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 2959.90 on 25-Apr-2011 and a 52 week low of Rs 1629.10 on 24-Nov-2011.

Last one week high and low of the scrip stood at Rs1951.75 and Rs 1748.10 respectively. The current market cap of the company is Rs 1,12,839.00 crore.

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

State Bank of India, the nation's largest lender, in a bid to expand its footprint overseas has commenced operations in Qatar by opening a branch in the Qatar Financial Centre, Doha. The minister of state for external affairs E Ahmed formally inaugurated the branch in presence of the SBI managing directors and group executives.

The branch will deal in local as well as foreign currencies and will offer services to HNIs and business customers like corporate clients. The branch aims at contributing to the growth of trade between the two nations in addition to extending a bouquet of services like project finance, syndication, trade finance among other products to Qatari corporates.

The Qatar Financial Centre (QFC), established in March 2005, is a business and financial centre located in Doha, providing legal and business infrastructure for financial services.

The State Bank has over 13,700 branches and 170 overseas offices spanning 34 countries. 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

1059.75 -8.55 (-0.80%)

05-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
SBI	1059.75
PNB	107.90
Canara Bank	134.30
Bank Of Baroda	263.30
Union Bank Of India	163.80
View more..

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