State Bank Of India

State Bank of India is currently trading at Rs. 278.05, up by 2.00 points or 0.72% from its previous closing of Rs. 276.05 on the BSE.

The scrip opened at Rs. 276.30 and has touched a high and low of Rs. 280.70 and Rs. 275.30 respectively. So far 553011 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. 280.70 and Rs. 266.65 respectively. The current market cap of the company is Rs. 221902.63 crore.

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

State Bank of India (SBI), country’s largest public sector lender has received its board approval to dilute 10% of its stake in the life insurance venture SBI Life through public offer. Of the 10% stake on offer in SBI Life Insurance Company, 8% will be sold via an offer for sale, while the remaining will be fresh issuance of shares.

SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc. The bank has reported 70.88% jump in its consolidated net profit at Rs 2152.23 crore for the quarter ended December 31, 2016, as compared to Rs 1259.49 crore for the same quarter in the previous year.