State Bank Of India

State Bank of India is currently trading at Rs. 1708.50, up by 32.45 points or 1.91% from its previous closing of Rs. 1676.90 on the BSE.

The scrip opened at Rs. 1692.00 and has touched a high and low of Rs. 1733.95 and Rs. 1685.25 respectively. So far 4, 74,000 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. 1452.90 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 1694.80 and Rs. 1601.00 respectively. The current market cap of the company is Rs. 1,16,945 crore.

The promoters holding in the company stood at 62.31% while Institutions and Non-Institutions held 26.56% and 8.37% respectively.

CMS Info Systems has reportedly received a contract worth Rs 450 crore from State Bank of India (SBI) to deploy more than 7,850 Automated Teller Machines (ATMs) across India. This is one of the largest deployment contract given by any bank in the country, which include total implementation services, ATM installation, maintenance and support for a 7 year period.  ATM's will be deployed across all regions in India with a significant focus on semi urban and rural areas.

On the consolidated basis, SBI group registered 11.82% fall in its net profit after taxes and minority interest at Rs 4298.56 crore for first quarter ended June 30, 2013 as compared to Rs 4874.70 crore for the same quarter in the previous year. However, total income of the bank, on consolidated basis, has increased by 12.23% at Rs 52502.29 crore for quarter under review as compared to Rs 46782.70 crore for the quarter ended June 30, 2012.