State Bank Of India

State Bank of India (SBI) is currently trading at Rs. 275.95, up by 3.90 points or 1.43% from its previous closing of Rs. 272.05 on the BSE.

The scrip opened at Rs. 278.00 and has touched a high and low of Rs. 279.00 and Rs. 274.20 respectively. So far 5,26,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 288.50 on 11-Nov-2016 and a 52 week low of Rs. 166.60 on 24-May-2016.

Last one week high and low of the scrip stood at Rs. 279.00 and Rs. 265.55 respectively. The current market cap of the company is Rs. 2,19,949.00 crore.

The promoters holding in the company stood at 61.18%, while Institutions and Non-Institutions held 29.09% and 9.73% respectively.

SBI has signed an agreement with German KfW Development Bank for $274 million (Rs 1,800 crore) loan facility to finance affordable housing segment in the country.

With focus on housing loans for economically weaker sections (EWS) and lower income group (LIG) households, the facility is designed to complement the government’s flagship affordable housing programme, the Pradhan Mantri Awas Yojana.

SBI, which is slated to enjoy one-fourth market share with the merger of its associate banks with itself in FY18, is planning to create a digital-only bank platform to allow transactions to be done with the help of apps, internet banking and mobile banking.