State Bank Of India

BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1029.40
-18.85 (-1.80%)
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SBI rises as its arm inks pact with SahiPay

Date: 03-08-2021

State Bank of India is currently trading at Rs. 439.50, up by 4.65 points or 1.07% from its previous closing of Rs. 434.85 on the BSE.

The scrip opened at Rs. 434.95 and has touched a high and low of Rs. 441.30 and Rs. 433.75 respectively. So far 342060 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 444.35 on 30-Jul-2021 and a 52 week low of Rs. 175.55 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 444.35 and Rs. 421.00 respectively. The current market cap of the company is Rs. 390719.49 crore.

The promoters holding in the company stood at 57.62%, while Institutions and Non-Institutions held 34.68% and 7.70% respectively.

State Bank of India’s (SBI) subsidiary company -- SBI General Insurance has entered into partnership with Manipal Business Solutions, the promoter of SahiPay. Through this partnership, SBI General will provide a bouquet of non-life insurance solutions to SahiPay customers. The tie-up is a right fit to support the company's endeavour to maximize its reach to rural segments.

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.