28-11-2024 12:27 PM | Source: Accord Fintech
SBI gains on raising Rs 50,000 crore via domestic bonds during FY25

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State Bank Of India is currently trading at Rs. 839.45, up by 5.25 points or 0.63% from its previous closing of Rs. 834.20 on the BSE.

The scrip opened at Rs. 834.95 and has touched a high and low of Rs. 845.70 and Rs. 830.35 respectively. So far 450974 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. 563.55 on 30-Nov-2023.

Last one week high and low of the scrip stood at Rs. 849.30 and Rs. 784.30 respectively. The current market cap of the company is Rs. 750069.05 crore.

The promoters holding in the company stood at 57.51%, while Institutions and Non-Institutions held 34.82% and 7.67% respectively.

State Bank of India (SBI) has raised Rs 50,000 crore via domestic bonds during FY25. The country’s largest lender has raised Rs 5,000 crore AT1 Bonds, Rs 15,000 crore Tier 2 Bonds and Rs 30,000 crore Long Term Bonds till date during FY25 at very competitive rate. 

All these issues have attracted overwhelming response from investors and were oversubscribed by more than 2 times against the respective base issue size. The investors were across provident funds, pension funds, insurance companies, mutual funds, Banks etc. 

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.