State Bank Of India

State Bank of India is currently trading at Rs. 430.95, up by 1.25 points or 0.29% from its previous closing of Rs. 429.70 on the BSE.

The scrip opened at Rs. 431.70 and has touched a high and low of Rs. 431.70 and Rs. 427.70 respectively. So far 175059 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 467.30 on 04-Aug-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. 432.50 and Rs. 407.50 respectively. The current market cap of the company is Rs. 383133.57 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 (SBI) has raised Rs 4,000 crore through Basel compliant additional tier 1 (AT1) bonds, offering a coupon rate of 7.72 percent. The issue garnered an overwhelming response from investors with bids above Rs 10,000 crore received against a base issue size of Rs 1,000 crore. This is the lowest pricing ever offered on such debt, issued by any Indian bank since the implementation of Basel III capital rules in 2013.

While the bank has an AAA credit rating from local credit agencies, the AT1 offering is rated AA+, which is the highest rating in the country for these instruments because of the hybrid and high-risk nature of these instruments.

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.