State Bank Of India

State Bank of India (SBI) is currently trading at Rs. 1913.00, up by 8.75 points or 0.46 % from its previous closing of Rs. 1904.25 on the BSE.

The scrip opened at Rs. 1880.10 and has touched a high and low of Rs. 1929.70 and Rs. 1880.10 respectively. So far 61629 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. 1940.00 and Rs. 1867.40 respectively. The current market cap of the company is Rs. 142864.23 crore.

The promoters holding in the company stood at 58.60 % while Institutions and Non-Institutions held 30.53 % and 8.75 % respectively.

After launching accounts on Facebook and Youtube, State Bank of India (SBI), country’s largest public sector lender has taken one more step on the social media front by launching a twitter handle. Now, the bank’s customer can access its SBI account via Twitter. The bank expects this Twitter handle to connect better with the tech-savvy young generation.

Meanwhile, the bank has sold non-performing assets (NPAs) worth Rs 4,000 crore in 2013-14 to Asset Reconstruction Companies (ARCs). SBI has total bad assets of Rs 67,799 crore. The bank had reported 5.73% of its assets as bad loans in the October-December quarter.

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.