State Bank Of India

State Bank of India (SBI) is currently trading at Rs. 289.00, up by 0.20 points or 0.07% from its previous closing of Rs. 288.80 on the BSE.

The scrip opened at Rs. 288.80 and has touched a high and low of Rs. 289.50 and Rs. 286.00 respectively. So far 2,68,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 315.00 on 19-May-2017 and a 52 week low of Rs. 200.30 on 13-Jun-2016.

Last one week high and low of the scrip stood at Rs. 292.90 and Rs. 286.00 respectively. The current market cap of the company is Rs. 2,34,374.00 crore.

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

SBI, country’s largest public sector lender has raised Rs 15,000 crore by selling 52.2 crore shares through qualified institutional placement (QIP). The total proceeds of the issue will be used to augment its capital adequacy ratio and for general corporate purposes, in accordance with applicable law.

SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.