State Bank Of India

State Bank of India is currently trading at Rs 161.60, up by 3.20 points or 2.02% from its previous closing of Rs. 158.40 on the BSE.

The scrip opened at Rs. 160.00 and has touched a high and low of Rs. 162.60 and Rs. 159.60 respectively. So far 1332924 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. 148.30 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 165.15 and Rs. 151.30 respectively. The current market cap of the company is Rs. 124980.71 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), the country’s largest public sector lender, has received its shareholders' approval to raise up to Rs 15,000 crore. This fund to be raised will help the bank to meet global risk norms under Basel III, which the banks needs to be fully compliant with by March 2019.

The money can be raised by either of the ways including public issue, rights issue or private placement, such as qualified institutional placement (QIP) or Global Depository Receipt (GDR) or American Depository Receipt (ADR) or any another mode or a combination, as may be decided by the Board.  The issue will be subject to the condition that the Government shareholding in the bank's equity share capital does not fall below 52 per cent at any point of time.