State Bank Of India

State Bank of India is currently trading at Rs. 210.00, up by 6.15 points or 3.02% from its previous closing of Rs. 203.85 on the BSE.

The scrip opened at Rs. 205.45 and has touched a high and low of Rs. 215.60 and Rs. 200.10 respectively. So far 2912071 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. 184.25 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 231.35  and Rs. 198.20 respectively. The current market cap of the company is Rs. 191656.03 crore.

The promoters holding in the company stood at 57.68%, while Institutions and Non-Institutions held 35.54% and 6.78% respectively.

State Bank of India (SBI) is mulling to seek the extension of approval accorded by Central Board for raising Equity Capital from market up to Rs 20,000 crore till March 31, 2021 subject to the approval of shareholders, RBI and GoI. The meeting of the Central Board of the bank is scheduled to be held on March 27, 2020, to consider the extension of approval.

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.