State Bank of India is currently trading at Rs. 200.00, up by 1.65 points or 0.83% from its previous closing of Rs. 198.35 on the BSE.
The scrip opened at Rs. 200.25 and has touched a high and low of Rs. 201.15 and Rs. 199.50 respectively. So far 483877 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 351.00 on 28-Nov-2019 and a 52 week low of Rs. 149.55 on 22-May-2020.
Last one week high and low of the scrip stood at Rs. 201.50 and Rs. 191.50 respectively. The current market cap of the company is Rs. 178804.59 crore.
The promoters holding in the company stood at 57.64%, while Institutions and Non-Institutions held 32.61% and 9.55% respectively.
State Bank of India (SBI) has received an approval to raise Rs 8,931 crore and allot 89,310 Basel III compliant Non-convertible, Taxable, Redeemable, subordinated, Unsecured, Fully Paid-up Debt instruments in the nature of debentures qualifying as Tier 2 Capital of the Bank, of face value of Rs 10 lakh each, at par bearing a coupon of 6.80% p.a payable annually for a tenor of 15 years with a call option after 10 years or any anniversary date thereafter aggregating to Rs 8,931 crore to Bond Subscribers. The committee of directors for capital raising at its meeting held on August 21, 2020 has approved the same.
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.
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