State Bank Of India

State Bank of India is currently trading at Rs. 175.35, up by 2.50 points or 1.45% from its previous closing of Rs. 172.85 on the BSE.

The scrip opened at Rs. 171.85 and has touched a high and low of Rs. 175.70 and Rs. 169.25 respectively. So far 2156054 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. 149.55 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 190.35 and Rs. 169.25 respectively. The current market cap of the company is Rs. 154128.04 crore.

The promoters holding in the company stood at 57.63%, while Institutions and Non-Institutions held 34.25% and 8.12% respectively.

State Bank of India (SBI) has disbursed Rs 8,700 crore under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector, pummelled by the coronavirus-induced lockdown. As per the directions of the finance ministry, SBI and other banks rolled out the Guaranteed Emergency Credit Line (GECL) loan product to support MSMEs and business enterprises as per the guidelines of NCGTC.

The bank has sanctioned GECL aggregating Rs 15,000 crore to 1.5 lakh MSME customers. The bank so far has disbursed loans worth Rs 8,700 crore. Additional supportive measures such as COVID Emergency Credit Line, re-assessment of working capital limits, and restructuring of advances are also being made available by bank to MSME customers. 

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.