State Bank Of India

State Bank of India (SBI) is currently trading at Rs. 305.40, up by 2.50 points or 0.83% from its previous closing of Rs. 302.90 on the BSE.

The scrip opened at Rs. 304.90 and has touched a high and low of Rs. 306.25 and Rs. 304.40 respectively. So far 1,06,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 351.50 on 26-Oct-2017 and a 52 week low of Rs. 241.10 on 03-Jan-2017.

Last one week high and low of the scrip stood at Rs. 316.50 and Rs. 301.65 respectively. The current market cap of the company is Rs. 2,63,579.00 crore.

The promoters holding in the company stood at 57.96%, while Institutions and Non-Institutions held 33.25% and 8.80% respectively.

State Bank of India (SBI) and rural development bank NABARD have inked a Memorandum of Understanding (MoU) with five NGOs of West Bengal state for promoting 2,500 Joint Liability Groups (JLGs). These JLGs operate in Purulia, West Midnapore, East Midnapore, Burdwan and North 24 Parganas districts of West Bengal.

The MoU for promotion of 2,500 JLGs in the state will facilitate SBI to extend financial assistance to the financially excluded sections of the society, especially landless farmers.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.