State Bank Of India

State Bank Of India is currently trading at Rs. 511.50, up by 2.90 points or 0.57% from its previous closing of Rs. 508.60 on the BSE.

The scrip opened at Rs. 509.00 and has touched a high and low of Rs. 512.90 and Rs. 506.60 respectively. So far 296800 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 549.05 on 07-Feb-2022 and a 52 week low of Rs. 401.30 on 23-Aug-2021.

Last one week high and low of the scrip stood at Rs. 512.90 and Rs. 474.85 respectively. The current market cap of the company is Rs. 456717.01 crore.

The promoters holding in the company stood at 57.57%, while Institutions and Non-Institutions held 34.86% and 7.58% respectively.

State Bank of India (SBI) has received approval for raising capital of Rs 11000 crore by way of issuance of Basel III compliant debt instrument in USD/INR and/or any other convertible currency during FY23. The bank will raise fresh Additional Tier 1 (AT1) Capital up to an amount of Rs 7,000 crore, subject to Govt. of India concurrence and also will raise fresh tier 2 capital up to an amount of Rs 4,000 crore. The bank’s board has approved the same at their meeting held on July 20, 2022.

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.