State Bank Of India

State Bank of India is currently trading at Rs. 362.90, up by 1.40 points or 0.39% from its previous closing of Rs. 361.50 on the BSE.

The scrip opened at Rs. 362.50 and has touched a high and low of Rs. 363.40 and Rs. 360.35 respectively. So far 274718 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 364.85 on 28-Jun-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. 364.85 and Rs. 354.65 respectively. The current market cap of the company is Rs. 323070.07 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) has inked memorandum of understanding (MoU) with National Investment and Infrastructure Fund (NIIF) to boost availability of capital for infrastructure projects. The scope of the MoU includes equity investments, project funding, bond financing, renewable energy support and take out finance for operating assets. The objective of this initiative is to aid in filling the gap at a time when the availability of equity and debt financing for infrastructure has moderated.

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.