State Bank of Travancore gains on inaugurating Gold Point branch in Kerala

30 Dec 2011 Evaluate

State Bank of Travancore is currently trading at Rs. 456.50, up by 1.15 points or 0.25% from its previous closing of Rs. 455.35 on the BSE.

The scrip opened at Rs. 457.00 and has touched a high and low of Rs. 458.00 and Rs. 454.05 respectively. So far 341 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 843.90 on 30-Dec-2010 and a 52 week low of Rs. 454.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 471.70 and Rs. 454.05 respectively. The current market cap of the company is Rs. 2280.00 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 5.61% and 19.39% respectively.

 State Bank of Travancore (SBT) has inaugurated the exclusive Gold Point branch to cater to the needs of gold loan borrowers. The bank has inaugurated its first such branch at Vellayambalam in Kerala. The gold loans will be disbursed to the borrowers within ten minutes at these branches.

Further, for the convenience of the borrowers these branches will be working with extended business hours. Also, the bank is looking for sale of gold coins and rental of safe deposit lockers as the other facilities to be started at these branches.

State Bank of Travancore operates 580 branches in Kerala itself. Headquartered in Kerala, the bank has largest number of ATMs in the home state.

Peers
Company Name CMP
SBI 820.50
Bank Of Baroda 251.20
Canara Bank 102.65
PNB 97.85
Union Bank Of India 117.10
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