State Bank Of India

State Bank of India (SBI) is currently trading at Rs. 1819.45, up by 5.35 points or 0.29% from its previous closing of Rs. 1814.10 on the BSE.

The scrip opened at Rs. 1809.90 and has touched a high and low of Rs. 1824.40 and Rs. 1806.35 respectively. So far 63591 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. 1790.25 on 17-Jul-2013.

Last one week high and low of the scrip stood at Rs. 1920.00 and Rs. 1790.25 respectively. The current market cap of the company is Rs. 124630.99 crore.

The promoters holding in the company stood at 62.31% while Institutions and Non-Institutions held 26.49% and 8.49% respectively.

State Bank of India (SBI), country’s largest public sector lender has reportedly required Rs 2,30,000 crore additional capital in order to meet the stringent Basel III requirements till 2018. Out of this, Rs 1,50,000 crore is of tier I and the rest Rs 80,000 in tier II capital. It is confidence that the lender will be able to manage this huge amount.

The bank will collect upwards of Rs 20,000 crore for this fiscal, which will include infusion from the government, from the market as well as from internal accruals. The government is likely to infuse Rs 4,000 crore into the bank this fiscal out of the Rs 14,000 crore planned towards recapitalizing the nationalized banks this fiscal.