State Bank Of India

State Bank of India is currently trading at Rs. 298.50, up by 5.85 points or 2.00% from its previous closing of Rs. 292.65 on the BSE.

The scrip opened at Rs. 295.40 and has touched a high and low of Rs. 302.00 and Rs. 295.10 respectively. So far 3024556 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 331.90 on 14-Jan-2020 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. 302.00 and Rs. 278.05 respectively. The current market cap of the company is Rs. 266845.88 crore.

The promoters holding in the company stood at 57.63%, while Institutions and Non-Institutions held 33.24% and 9.13% respectively.

State Bank of India (SBI) and Mahindra Lifespace have signed a memorandum of understanding (MoU) to enable an improved and more seamless experience for homebuyers across India. As part of the agreement, which includes various co-promotional activities and outreach initiatives, customers and employees of SBI and Mahindra Lifespaces will be able to avail the benefits of faster home loan processing and approvals, and special discounts and schemes.

The bank has already approved Mahindra Lifespace's projects across MMR, Bengaluru, Pune, Chennai and Nagpur. With this partnership, homebuyers stand to benefit by saving on the expenses incurred on obtaining TIR (Title Investigation Report) and valuation, for approved projects.

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.