State Bank Of India

State Bank of India (SBI) is currently trading at Rs. 292.60, up by 4.00 points or 1.39% from its previous closing of Rs. 288.60 on the BSE.

The scrip opened at Rs. 289.60 and has touched a high and low of Rs. 293.60 and Rs. 287.20 respectively. So far 7,26,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 315.00 on 19-May-2017 and a 52 week low of Rs. 222.15 on 22-Jul-2016.

Last one week high and low of the scrip stood at Rs. 293.60 and Rs. 280.50 respectively. The current market cap of the company is Rs. 2,52,573.00 crore.

The promoters holding in the company stood at 57.97%, while Institutions and Non-Institutions held 32.96% and 9.07% respectively.

SBI, country’s largest lender has reportedly cut the National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) charges up to 75%, with effect from July 15, 2017. The reduced charges will be applicable on the transactions done through internet banking and mobile banking services offered by the bank.

State Bank of India (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.