SBI rises on offering home, auto loans at cheaper rates during festival season

Date: 21-08-2019

State Bank Of India is currently trading at Rs. 283.90, up by 0.25 points or 0.09% from its previous closing of Rs. 283.65 on the BSE.

The scrip opened at Rs. 285.30 and has touched a high and low of Rs. 285.80 and Rs. 283.10 respectively. So far 235581 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 373.70 on 18-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. 292.65 and Rs. 280.85 respectively. The current market cap of the company is Rs. 252700.38 crore.

The promoters holding in the company stood at 57.88%, while Institutions and Non-Institutions held 34.67% and 7.45% respectively.

State Bank of India (SBI) has launched a number of offers including cheaper rates for home and auto loan borrowers, to cash in on festival fervour. Customers can avail the cheaper loans with added benefits such as waiver in processing fees, pre-approved digital loans and loans with no escalation in interest rates spread across various categories.

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.