State Bank Of India

State Bank Of India is currently trading at Rs. 189.45, up by 0.70 points or 0.37% from its previous closing of Rs. 188.75 on the BSE.

The scrip opened at Rs. 190.55 and has touched a high and low of Rs. 192.10 and Rs. 188.60 respectively. So far 535411 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 351.00 on 28-Nov-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. 193.70 and Rs. 182.40 respectively. The current market cap of the company is Rs. 169255.26 crore.

The promoters holding in the company stood at 57.64%, while Institutions and Non-Institutions held 32.61% and 9.55% respectively.

State Bank of India (SBI) is actively looking to hive off its digital platform Yono into a separate subsidiary. Yono or You Only Need One App is the lender's integrated banking platform. Once Yono becomes an independent entity then even SBI would become its user or one of the users. However, the discussions are at an early stage and the valuation of Yono has also not been done so far. Recently, Yono could have a valuation of around $40 billion.

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.