State Bank Of India

State Bank of India (SBI) is currently trading at Rs. 2090.10, up by 0.80 points or 0.04% from its previous closing of Rs. 2089.30 on the BSE.

The scrip opened at Rs. 2088.00 and has touched a high and low of Rs. 2095.90 and Rs. 2076.10 respectively. So far 110855 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2550.00 on 10-Jan-2013 and a 52 week low of Rs. 1804.50 on 16-May-2012.

Last one week high and low of the scrip stood at Rs. 2239.40 and Rs. 2055.60 respectively. The current market cap of the company is Rs. 140043.79 crore.

The promoters holding in the company stood at 61.58% while Institutions and Non-Institutions held 26.90% and 9.05% respectively.

State Bank of India (SBI), country’s largest public sector lender has sanctioned loan of Rs 2,650 crore to Rashtriya Ispat Nigam (RINL) for expansion project of its plant. The bank has done partial disbursement of Rs 500 crore to RINL. The lender already has cordial and favorable business relations with RINL for many years.

The bank has reported 4.08% rise in its net profit at Rs 3396.06 crore for third quarter ended December 31, 2012 as compared to Rs 3263.04 crore for the same quarter in the previous year. Total income from operation of the bank has increased by 14.11% at Rs 33992.11 crore for quarter under review as compared to Rs 29787.37 crore for the quarter ended December 31, 2011.