State Bank Of India

State Bank Of India is currently trading at Rs. 394.10, up by 2.05 points or 0.52% from its previous closing of Rs. 392.05 on the BSE.

The scrip opened at Rs. 392.05 and has touched a high and low of Rs. 395.35 and Rs. 390.45 respectively. So far 52394 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 408.35 on 05-Feb-2021 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. 408.35 and Rs. 385.20 respectively. The current market cap of the company is Rs. 349889.40 crore.

The promoters holding in the company stood at 57.64%, while Institutions and Non-Institutions held 34.70% and 7.46% respectively.

State Bank of India (SBI) has crossed the Rs 5 trillion-mark in its home loan business. The real estate and housing business (REHBU) unit of the bank has grown five times in the last 10 years with an asset under management (AUM) of Rs 89,000 crore in 2011 to Rs 5 trillion in 2021.

The bank is also working on various digital initiatives to improve the efficiencies in home loan delivery, including a unique integrated platform Retail Loan Management System (RLMS) which will provide an end-to-end digital solution. The bank is looking at achieving a home loan AUM of Rs 7 trillion by FY 2024.

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.