State Bank Of India

State Bank of India (SBI) is currently trading at Rs. 299.40, up by 1.40 points or 0.47% from its previous closing of Rs. 298.00 on the BSE.

The scrip opened at Rs. 299.25 and has touched a high and low of Rs. 302.50 and Rs. 298.35 respectively. So far 491751 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 304.90 on 05-May-2017 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. 304.90 and Rs. 292.00 respectively. The current market cap of the company is Rs. 241998.14 crore.

The promoters holding in the company stood at 62.22%, while institutions and non-institutions held 28.27% and 9.51% respectively.

SBI is planning introduce new facility that would enable withdrawal of cash through ATMs using the Bank’s mobile wallet. Though, the Bank will charge Rs 25 on every cash withdrawal from the mobile wallet through ATMs.

For cash deposit of up to Rs 1,000 into its mobile wallet through business correspondents, the Bank will levy a service charge of 0.25 per cent (minimum Rs 2 and maximum Rs 8) plus service tax. The service charges will be effective from June 1, 2017.

SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc.