State Bank of India rises on partnering with PayNow for cross-border payments
State Bank of India is currently trading at Rs. 518.85, up by 2.50 points or 0.48% from its previous closing of Rs. 516.35 on the BSE.
The scrip opened at Rs. 518.65 and has touched a high and low of Rs. 521.15 and Rs. 511.25 respectively. So far 366137 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 629.65 on 15-Dec-2022 and a 52 week low of Rs. 425.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 539.50 and Rs. 511.25 respectively. The current market cap of the company is Rs. 463187.35 crore.
The promoters holding in the company stood at 57.50%, while Institutions and Non-Institutions held 35.47% and 7.03% respectively.
State Bank of India (SBI) has partnered with PayNow, the online payment system, for cross-border payments, a day after a real-time payments system linkage was established between India and Singapore using the UPI platform.
The facility is offered through SBI's Bhim SBIPay mobile application and the linkage will allow fund transfers from India to Singapore through registered mobile numbers, and from Singapore to India using the UPI ID.
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
