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State Bank of India is currently trading at Rs. 611.60, up by 4.05 points or 0.67% from its previous closing of Rs. 607.55 on the BSE.

The scrip opened at Rs. 605.05 and has touched a high and low of Rs. 612.45 and Rs. 605.05 respectively. So far 167575 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 622.90 on 07-Nov-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. 612.45 and Rs. 598.40 respectively. The current market cap of the company is Rs. 544758.30 crore.

The promoters holding in the company stood at 57.52%, while Institutions and Non-Institutions held 35.35% and 7.13% respectively.

 State Bank of India (SBI) has raised Rs 10,000 crore through its maiden infrastructure bond issuance on December 02, 2022 at coupon rate of 7.51%. This is the largest single infrastructure bond issued by any Bank in the country. The amount raised through bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment. The tenor of these bonds is 10 years.

The issue attracted overwhelming response from investors with bids of Rs 16,366 crore and was oversubscribed by about 3.27 times against the base issue. The issuance with 143 bids also demonstrates the confidence of investor class. This also very clearly demonstrates the maturity of Indian investors in their selection of Issuers of such instruments. The Bank has AAA credit rating from domestic credit rating agencies for these instruments.

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.