State Bank Of India

State Bank of India is currently trading at Rs. 176.00, up by 7.80 points or 4.64% from its previous closing of Rs. 168.20 on the BSE.

The scrip opened at Rs. 170.00 and has touched a high and low of Rs. 176.80 and Rs. 168.70 respectively. So far 2051071 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 315.80 on 04-Mar-2015 and a 52 week low of Rs. 160.80 on 04-Feb-2016.

Last one week high and low of the scrip stood at Rs. 182.50 and Rs. 160.80 respectively. The current market cap of the company is Rs. 136547.25 crore.

The promoters holding in the company stood at 61.37% while Institutions and Non-Institutions held 29.12% and 9.51% respectively.

State Bank of India (SBI), country’s largest public sector lender, has opened a sbiINTOUCH branch at Rajarhat in West Bengal. The bank has also opened three more sbiINTOUCH branches at Park Circus, Southern Avenue and Prince Anwar Shah Road in West Bengal. sbiINTOUCH branches allow customers to use machines for cash deposit, withdrawal, account opening and loan application as and when required.

sbiINTOUCH branches are designed to cater to the young generation as well as other tech savvy persons who can carry out banking transactions without going to any brick & mortar branch of the Bank.

The bank reported 25.11% rise in its net profit at Rs 3879.07 crore for the quarter ended September 30, 2015 as compared to Rs 3100.41 crore for the same quarter in the previous year. The bank’s total income increased by 12% to Rs 46854.81 crore for the quarter under review from Rs 41833.36 crore for the corresponding quarter of the previous year.