State Bank Of India
13.05 (1.23%) State Bank of India rises on getting nod to raise Rs 7,000 crore via bonds
Date: 03-07-2019State Bank of India is currently trading at Rs. 364.60, up by 0.10 points or 0.03% from its previous closing of Rs. 364.50 on the BSE.
The scrip opened at Rs. 366.00 and has touched a high and low of Rs. 366.00 and Rs. 363.15 respectively. So far 212009 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 366.00 on 03-Jul-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. 366.00 and Rs. 357.40 respectively. The current market cap of the company is Rs. 325390.46 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 received an approval to raise Rs 7,000 crore through bonds to fund business growth.
The central board at its meeting held on July 01, 2019 accorded approval to raise AT 1 Capital up to an amount of Rs 7,000 crore by way of issuance of Basel-III compliant debt instrument.
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.