State Bank Of India

State Bank of India is currently trading at Rs. 349.15, up by 6.85 points or 2.00% from its previous closing of Rs. 342.30 on the BSE.

The scrip opened at Rs. 345.20 and has touched a high and low of Rs. 349.75 and Rs. 343.50 respectively. So far 980054 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 364.00 on 23-May-2019 and a 52 week low of Rs. 247.65 on 26-Oct-2018.

Last one week high and low of the scrip stood at Rs. 364.00 and Rs. 330.75 respectively. The current market cap of the company is Rs. 310218.66 crore.

The promoters holding in the company stood at 57.92%, while Institutions and Non-Institutions held 34.40% and 7.68% respectively.

State Bank of India (SBI) and National Bank for Agriculture and Rural Development (NABARD) have reportedly joined hands, by signing a Memorandum of Understanding (MoU) for formation and credit linkage of 13,00 joint liability groups (JLGs) across Tamilnadu.

The groups will be purveying credit in the rural areas that would benefit around 13,000 small/marginal and landless farmers to the tune of around Rs 650 lakh.

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.