State Bank Of India

State Bank of India is currently trading at Rs. 272.45, up by 0.70 points or 0.26% from its previous closing of Rs. 271.75 on the BSE.

The scrip opened at Rs. 272.90 and has touched a high and low of Rs. 273.85 and Rs. 271.05 respectively. So far 401509 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 335.90 on 28-Jan-2015 and a 52 week low of Rs. 234.52 on 08-Oct-2014.

Last one week high and low of the scrip stood at Rs. 274.25 and Rs. 267.55 respectively. The current market cap of the company is Rs. 205914.61 crore.

The promoters holding in the company stood at 59.15% while Institutions and Non-Institutions held 29.88% and 8.93% respectively.

State Bank of India (SBI), the country’s largest lender, is planning to sell 66 bad loan accounts to Asset Restructuring Companies (ARCs). The bank has already put non-performing assets (NPAs) worth Rs 4,400 crore on the block. The sales of bad loan to ARCs is likely pick up in the coming months and will help the bank bring down some of its whopping Rs 62,000 crore non-performing loans (NPLs). In the March quarter of FY15, the bank sold Rs 4,500 crore worth of NPAs to ARCs.

The bank has posted a rise of 65.52% in its net profit at Rs 134.42 crore for the quarter ended March 31, 2015 as compared to Rs 81.21 crore for the same quarter in the previous year. Total income of the bank has increased by 11.55% at Rs 1308.04 crore for quarter under review as compared to Rs 1172.58 crore for the quarter ended March 31, 2014.