SBI trades in green on the BSE
State Bank of India is currently trading at Rs. 750.20, up by 5.85 points or 0.79% from its previous closing of Rs. 744.35 on the BSE.
The scrip opened at Rs. 740.00 and has touched a high and low of Rs. 755.30 and Rs. 736.00 respectively. So far 738844 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. 615.75 on 29-Jan-2024.
Last one week high and low of the scrip stood at Rs. 785.30 and Rs. 736.00 respectively. The current market cap of the company is Rs. 668677.16 crore.
The promoters holding in the company stood at 57.43%, while Institutions and Non-Institutions held 35.20% and 7.37% respectively.
State Bank of India (SBI) has launched two new deposit schemes Har Ghar Lakhpati and SBI Patrons, designed to provide customers with greater financial flexibility and enhanced value. Recognising the widespread aspiration for financial security, Har Ghar Lakhpati a pre-calculated recurring deposit scheme designed to help customers accumulate Rs 1,00,000 or multiples thereof.
This product simplifies the process of achieving financial goals, allowing customers to plan and save effectively. Besides, the bank also introduced SBI Patrons, a specialised term deposit scheme tailored for senior citizens aged 80 years and above.
This product offers enhanced interest rates, recognising the long-standing relationship many senior customers have with the bank. SBI Patrons is available to both existing and new term deposit customers. SBI Patrons depositors would earn an additional 10 basis points higher interest rate than what is offered to senior citizens, while the recurring deposit scheme would be similar to rates offered on fixed deposits.
Meanwhile, the bank has announced the launch of a TAB-based end-to-end digital on-boarding process for Non-Resident Indians (NRIs) to streamline the opening of NRE (Non-Resident External) and NRO (Non-Resident Ordinary) accounts.
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.
