State Bank Of India

State Bank of India (SBI) is currently trading at Rs. 2446.05, up by 3.15 points or 0.13% from its previous closing of Rs. 2442.90 on the BSE.

The scrip opened at Rs. 2450.00 and has touched a high and low of Rs. 2461.65 and Rs. 2425.10 respectively. So far 79931 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2833.85 on 26-May-2014 and a 52 week low of Rs. 1455.95 on 14-Feb-2014.

Last one week high and low of the scrip stood at Rs. 2624.00 and Rs. 2348.00 respectively. The current market cap of the company is Rs. 182458.73 crore.

The promoters holding in the company stood at 58.60% while Institutions and Non-Institutions held 31.73% and 7.59% respectively.

Country’s largest lender State Bank of India (SBI) has signed a line of credit (LoC) of $500 million with Export-Import Bank of Korea (Korea Eximbank). This line will be in addition to LoC of $200 million signed between the two institutions on January 16, 2014 to support Indian companies importing goods and services from Korea. This signing is a step towards further strengthening of Korea-India strategic partnership.

The LoC can be utilised to finance SBI’s clients in India and its neighbouring countries having business relationships either by way of equity participation or regular trade with Korean companies globally, as well as joint ventures or subsidiaries of Korean companies.