SBI gains on the BSE
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State Bank of India is currently trading at Rs. 839.25, up by 9.35 points or 1.13% from its previous closing of Rs. 829.90 on the BSE.
The scrip opened at Rs. 834.90 and has touched a high and low of Rs. 846.00 and Rs. 832.10 respectively. So far 412283 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. 543.15 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 912.10 and Rs. 734.25 respectively. The current market cap of the company is Rs. 747168.51 crore.
The promoters holding in the company stood at 57.54%, while Institutions and Non-Institutions held 35.08% and 7.38% respectively.
State Bank of India (SBI) has entered into a strategic co-lending partnership with Muthoot Microfin. Muthoot Microfin aims to extend its financial services to women entrepreneurs in rural and semi-urban regions across India.
Under the agreement, Muthoot Microfin and SBI will co-lend to members of Joint Liability Groups (JLGs) who are engaged in agricultural and allied activities as well as other income-generating enterprises. The loan amounts will range from a minimum of Rs 10,000 to a maximum of Rs 3 lakh.
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.
