State Bank Of India

State Bank of India is currently trading at Rs. 1843.00, up by 2.75 points or 0.15% from its previous closing of Rs. 1840.25 on the BSE.

The scrip opened at Rs. 1841.00 and has touched a high and low of Rs. 1864.80 and Rs. 1829.30 respectively. So far 393649 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2474.80 on 21-Feb-2012 and a 52 week low of Rs. 1576.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 1899.00 and Rs. 1816.20 respectively. The current market cap of the company is Rs. 123676.92 crore.

The promoters holding in the company stood at 61.58% while Institutions and Non-Institutions held 25.83% and 10.12% respectively.

State Bank of India, country’s largest public sector lender has introduced a kiosk - customer service point at Charminar area in Hyderabad, as part of its urban financial inclusion activity. Geosansar, a corporate banking correspondent of SBI is managing these services.

The kiosks will open basic savings bank deposit account under the liberalized know your customer norms which will offer minimum common facilities to all their customers. The account does not need any minimum balance. The kiosk will be open from 8 a.m. to 8 p.m. round the year.

The bank has registered a surge of 136.91% in its net profit at Rs 3751.56 crore for first quarter ended June 30, 2012 as compared to Rs 1583.55 crore for the same quarter in the previous year. Total income of the bank has increased by 16.89% at Rs 32415.49 crore for Q1FY13 as compared Rs 27731.67 crore for the corresponding quarter previous year.