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SBI rises on plan to sell NPAs to ARCs in Q4 FY14

10 Mar 2014 Evaluate

State Bank of India is currently trading at Rs. 1680.45, up by 31.70 points or 1.92% from its previous closing of Rs. 1648.75 on the BSE.

The scrip opened at Rs. 1650.00 and has touched a high and low of Rs. 1684.60 and Rs. 1640.25 respectively. So far 1,19,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2469.25 on 20-May-2013 and a 52 week low of Rs. 1452.90 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 1684.60 and Rs. 1515.15 respectively. The current market cap of the company is Rs. 1,25,286.00 crore.

The promoters holding in the company stood at 58.60% while Institutions and Non-Institutions held 30.75% and 8.40% respectively.

State Bank of India (SBI) is planning to sell a portion of its non-performing assets (NPAs) in the current quarter (Jan-Mar 2014). This is the first time the bank would be selling NPAs to Asset reconstruction companies (ARCs).

SBI’s gross non-performing assets ratio in October-December quarter rose to 5.73 per cent from 5.30 per cent against the corresponding period in the previous year. The bank had restructured standard assets worth Rs 6100 crore during the Q3 of this fiscal and reportedly has a restructuring packages ready for loans of worth Rs 9,500 crore.

The bank reported 34.20% fall in its net profit at Rs 2234.34 crore for third quarter ended December 31, 2013 as compared to Rs 3396.06 crore for the same quarter in the previous year. However, total income of the bank increased by 14.91% at Rs 39060.76 crore for quarter under review as compared to Rs 33992.11 crore for the quarter ended December 31, 2012.

SBI Share Price

1071.35 8.15 (0.77%)
15-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SBI 1071.35
PNB 113.05
Canara Bank 141.80
Bank Of Baroda 278.50
Union Bank Of India 188.55
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