State Bank Of India

State Bank of India’s (SBI) is currently trading at Rs. 295.40, up by 2.60 points or 0.89% from its previous closing of Rs. 292.80 on the BSE.

The scrip opened at Rs. 292.00 and has touched a high and low of Rs. 296.30 and Rs. 291.30 respectively. So far 3,95,000 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. 296.30 and Rs. 283.25 respectively. The current market cap of the company is Rs. 2,54,990.00 crore.

The promoters holding in the company stood at 57.97%, while Institutions and Non-Institutions held 32.79% and 9.25% respectively.

SBI’s subsidiary company - SBI Life Insurance Company (SBI Life) has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an Initial Public Offer (IPO) of up to 120,000,000 equity shares of face value of Rs 10 each of SBI Life, representing up to 12% of its paid up equity share capital for cash, through an offer for sale by SBI and BNP Paribas Cardif S.A. of up to 80,000,000 equity shares (8% of the paid up equity share capital of the subsidiary) and up to 40,000,000 equity shares (4% of the paid up equity share capital of the subsidiary), respectively.

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.