State Bank of India is currently trading at Rs. 1691.50, up by 38.00 points or 2.30 % from its previous closing of Rs. 1653.50 on the BSE.
The scrip opened at Rs. 1652.15 and has touched a high and low of Rs. 1700.05 and Rs. 1652.15 respectively. So far 96050 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. 1722.00 and Rs. 1630.10 respectively. The current market cap of the company is Rs. 126282.84 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), country’s largest lender is planning to sell around Rs 5000 crore of non-performing assets (NPAs) to asset reconstruction companies (ARCs) before the end of March 2014. Currently, there are 14 ARCs functioning and the bank has invited many of them to pick up its stressed loans of around Rs 5,000 crore.
The move comes ahead of the tighter provisioning norms kicking in from next April, which the central bank had in May last year announced, when it had more than doubled the provisioning for restructured loans to 5% from 2%. Meanwhile, the bank is expecting at least Rs 9,500 crore of loans being restructured in the fourth qaurter.
The bank’s Gross non-performing assets (NPAs) as a percentage of gross advances increased to 5.73 percent in Q3FY14 as against 5.64 percent in Q2FY14 and 5.3 percent in Q3FY13 while net NPAs rose to 3.24 percent from 2.91 percent and 2.59 percent during the same period.
| Company Name | CMP |
|---|---|
| SBI | 1080.35 |
| PNB | 114.50 |
| Canara Bank | 142.35 |
| Bank Of Baroda | 280.00 |
| Union Bank Of India | 188.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: