State Bank Of India

State Bank of India is currently trading at Rs. 183.50, up by 1.90 points or 1.05% from its previous closing of Rs. 181.60 on the BSE.

The scrip opened at Rs. 192.50 and has touched a high and low of Rs. 192.50 and Rs. 173.60 respectively. So far 1593768 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. 173.60 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 223.80 and Rs. 173.60 respectively. The current market cap of the company is Rs. 160910.75 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) has launched an emergency credit line to provide some degree of relief to its the borrowers whose operations are impacted by Covid-19.  The credit line is open for all standard accounts which have not been classified as SMA 1 or 2 as on March 16, 2020 are eligible to avail this credit line. Borrowers can maximum avail 10 per cent of the existing fund based working capital limits, subject to a cap of Rs 200 crore.

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.