SBI trades in green on BSE

State Bank Of India | Bank - Public | BFSI | BSE: 500112 | NSE: SBIN

23 Jan 2013 Evaluate

State Bank of India (SBI) is currently trading at Rs 2471.95, up by 7.60 points or 0.31% from its previous closing of Rs 2464.35 on the BSE.

The scrip opened at Rs 2466.50 and has touched a high and low of Rs 2483.00 and Rs 2465.50 respectively. So far 34518 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 1804.50 on 16-May-2012.

Last one week high and low of the scrip stood at Rs 2515.00 and Rs 2422.00 respectively. The current market cap of the company is Rs 164875.82 crore.

The promoters holding in the company stood at 61.58% while Institutions and Non-Institutions held 26.90% and 9.05% respectively.

SBI, country’s largest public sector lender is expecting a net profit of up to Rs 15,000 crore in the financial year 2012-13 against Rs 11,700 crore in 2011-12. The bank’s advances were Rs 30,375 crore and priority sector advances 54%, well beyond the benchmark of 40% while, the cash-deposit ratio of SBI, which had 695 branches in Odisha, was at a healthy 70% with deposit at Rs 42,989 crore.

Meanwhile, the bank had so far achieved credit linkages of 2.66 lakh SHGs aggregating Rs 1750 crore, more than 80% of the linkages of other banks in the state.