State Bank of India soars on the BSE
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State Bank of India is currently trading at Rs. 498.95, up by 10.50 points or 2.15% from its previous closing of Rs. 488.45 on the BSE.
The scrip opened at Rs. 488.45 and has touched a high and low of Rs. 507.35 and Rs. 483.05 respectively. So far 3618408 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 504.10 on 19-Oct-2021 and a 52 week low of Rs. 186.00 on 29-Oct-2020.
Last one week high and low of the scrip stood at Rs. 504.10 and Rs. 478.00 respectively. The current market cap of the company is Rs. 444401.03 crore.
The promoters holding in the company stood at 57.62%, while Institutions and Non-Institutions held 34.87% and 7.51% respectively.
State Bank of India (SBI) has received approval to allot 6,000 Basel III compliant Non-Convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid-up Debt instruments in the nature of debentures qualifying as AT 1 Capital of the Bank of face value of Rs. 1 crore each, at par, bearing a coupon of 7.72% p.a. payable annually, aggregating to Rs 6,000 crore, to Bond subscribers. The board of directors at its meeting held on October 18, 2021 has approved the same.
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.
