State Bank Of India

 State Bank Of India is currently trading at Rs. 2297.00, up by 74.70 points or 3.36% from its previous closing of Rs. 2222.30 on the BSE.

The scrip opened at Rs. 2305.10 and has touched a high and low of Rs. 2315.60 and Rs. 2280.30 respectively. So far 3, 87,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2959.90 on 25-Apr-2011 and a 52 week low of Rs. 1576.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 2315.60 and Rs. 2105.75 respectively. The current market cap of the company is Rs. 1, 45,859 crore.

The promoters holding in the company stood at 59.40% while Institutions and Non-Institutions held 26.58% and 11.17% respectively.

State Bank of India (SBI), country’s largest public sector has inaugurated a Retail Assets Central Processing Centre at Madhapur to furnish to the retail advances of customers in housing, education, auto and personal loan sectors.

This processing centre will be linked to 47 branches and catering to around 15,000 borrowers. It will be open on Saturdays and Sundays to facilitate customer services, especially for employees working in the area, which is the hub of IT, a financial district and huge residential complexes are based there.

SBI has reported a better-than expected net profit of Rs 3,263 crore for the quarter ended December 2011, up 15.38% from Rs 2,828 crore in the corresponding quarter last year. Profits were driven by an improvement in net interest margin which widened to 4.05% from 3.61% a year ago.