SBI gains on entering into partnership with Panasonic Life Solutions India

25 Jun 2024 Evaluate

State Bank of India is currently trading at Rs. 839.55, up by 6.90 points or 0.83% from its previous closing of Rs. 832.65 on the BSE.

The scrip opened at Rs. 838.65 and has touched a high and low of Rs. 840.30 and Rs. 834.95 respectively. So far 163793 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 912.10 on 03-Jun-2024 and a 52 week low of Rs. 543.15 on 26-Oct-2023.

Last one week high and low of the scrip stood at Rs. 860.50 and Rs. 820.85 respectively. The current market cap of the company is Rs. 748105.60 crore.

The promoters holding in the company stood at 57.54%, while Institutions and Non-Institutions held 35.08% and 7.38% respectively.

State Bank of India (SBI) has entered into partnership with Panasonic Life Solutions India (PLSIND), a leading player in the distributed solar energy sector. This strategic alliance aims to support the Indian government's ambitious goal of achieving 500GW of renewable energy capacity by 2030 by making solar energy solutions more accessible to individuals and businesses. The collaboration between SBI and Panasonic will provide attractive financing options to customers interested in solar energy and help in smoother adoption. This initiative is designed to break down financial barriers, making the transition to sustainable energy more feasible and appealing.

The company is targeting specific regions with high solar energy potential to increase market penetration and higher adoption. By offering tailored financing solutions, they aim to encourage a broader adoption of solar energy across the country. This partnership is in line with Panasonic's commitment to promoting sustainable energy solutions, contributing to environmental health, and reducing CO2 emissions.

State Bank of India 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.

SBI Share Price

818.15 5.65 (0.70%)
23-Dec-2024 10:41 View Price Chart
Peers
Company Name CMP
SBI 818.15
Bank Of Baroda 243.85
Canara Bank 100.45
PNB 100.75
Union Bank Of India 116.80
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