SBI rises on inking pact with Godrej Agrovet
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State Bank of India is currently trading at Rs.575.90, up by 1.75 points or 0.30% from its previous closing of Rs. 574.15 on the BSE.
The scrip opened at Rs. 579.10 and has touched a high and low of Rs. 586.05 and Rs. 569.75 respectively. So far 499676 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. 430.80 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 593.65 and Rs. 569.75respectively. The current market cap of the company is Rs. 512718.94 crore.
The promoters holding in the company stood at 57.49%, while Institutions and Non-Institutions held 35.10% and 7.41% respectively.
State Bank of India (SBI) has entered into partnership with Godrej Agrovet's Oil Palm Business to offer loans to oil palm farmers for setting up micro irrigation facility and install fencing to protect crops from cattle and improvement of tube well at their oil palm farms.
Introduced with an objective of aiding oil palm growth by improving Fresh Fruit Bunches (FFB) productivity, it will act as a catalyst to maintain juvenile gardens during the gestation period of the first 5 years. The partnership with SBI is a testament of the company's efforts to improve farmer's confidence in sustainable oil palm farming.
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.
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