State Bank Of India

State Bank of India (SBI) is currently trading at Rs. 2300.00, up by 5.65 points or 0.25% from its previous closing of Rs. 2294.35 on the BSE.

The scrip opened at Rs. 2285.00 and has touched a high and low of Rs. 2323.05 and Rs. 2285.00 respectively. So far 110559 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. 2324.25 and Rs. 2183.15 respectively. The current market cap of the company is Rs. 158490.67 crore.

The promoters holding in the company stood at 62.31% while Institutions and Non-Institutions held 26.78% and 8.49% respectively.

State Bank of India (SBI), country’s largest public sector lender is planning to competitively acquire the refinance market in the current financial year. Currently, it offers lowest lending rates for transferring homes loans, in order to achieve this target. The banks home loan refinance consist of 25% of the total home loans disbursed by the bank in the last financial year. In 2012-13, it has disbursed home loans of around Rs 30,000 crore. The home loan segment is strong for SBI that offers lowest lending rates of 9.95 per cent for loans below Rs 30 lakh.

SBI 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 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.