State Bank Of India

State Bank of India is currently trading at Rs. 262.25, up by 1.10 points or 0.42% from its previous closing of Rs. 261.15 on the BSE.

The scrip opened at Rs. 260.00 and has touched a high and low of Rs. 264.00 and Rs. 258.30 respectively. So far 518802 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. 232.00 on 27-Apr-2018.

Last one week high and low of the scrip stood at Rs. 275.00 and Rs. 258.30 respectively. The current market cap of the company is Rs. 232842.49 crore.

The promoters holding in the company stood at 58.51%, while Institutions and Non-Institutions held 34.00% and 7.49% respectively.

State Bank of India (SBI) is planning for raising up to Rs 5,000 crore through issue of Basel III compliant Tier 2 bonds in USD/INR to overseas and/or Indian investors during FY19, through a public offer / private placement. The meeting of the Central Board of the Bank is scheduled to be held on October 22, 2018 to consider the same.

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.