State Bank of India spurts on the bourses

03 Feb 2012 Evaluate

State Bank of India is currently trading at Rs. 2110.30, up by 37.65 points or 1.82% from its previous closing of Rs. 2072.65 on the BSE.

The scrip opened at Rs. 2065.05 and has touched a high and low of Rs. 2117.95 and Rs. 2037.05 respectively. So far 532984 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2959.90 on 25-Apr-2011 and a 52 week low of Rs. 1576.00 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 2117.95 and Rs. 1975.05 respectively. The current market cap of the company is Rs. 131889.42 crore.

The promoters holding in the company stood at 59.40% while Institutions and Non-Institutions held 26.58% and 11.17% respectively.

State Bank of India (SBI), the country’s largest public sector lender has introduced ‘Bank on Wheel’ project in Nagaland to deliver banking services at the doorstep of rural people even where there is no branch.

Under financial inclusion programme, the bank has launched ‘Bank on Wheel’ as 70% to 80% of the people in Nagaland did not have access to banking facilities. The bank assigned Nagaland Development Outreach (NDO), a development arm of Nagaland Baptist Church Council (NBCC) to deliver SBI services.

Under Bank on Wheel project, the mobile banking van will visit five to six villages twice a week to facilitate the rural people open accounts and during the first phase, the NDO will cover villages having a population of 2,000 and more without banking facilities within March. In the second phase, which will commence from April, the mobile van would go to the villages having a population of 1,000 and above.

SBI Share Price

811.85 -9.10 (-1.11%)
24-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
SBI 811.85
Bank Of Baroda 245.20
Canara Bank 100.60
PNB 101.65
Union Bank Of India 118.10
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