State Bank of India (SBI) is currently trading at Rs. 312.35, down by 1.10 points or 0.35% from its previous closing of Rs. 313.45 on the BSE.
The scrip opened at Rs. 311.75 and has touched a high and low of Rs. 315.60 and Rs. 308.10 respectively. So far 1248645 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 373.70 on 18-Jul-2019 and a 52 week low of Rs. 244.35 on 09-Oct-2019.
Last one week high and low of the scrip stood at Rs. 344.35 and Rs. 308.10 respectively. The current market cap of the company is Rs. 278715.62 crore.
The promoters holding in the company stood at 57.88%, while Institutions and Non-Institutions held 35.23% and 6.89% respectively.
State Bank of India (SBI) has reported about Rs 12,000 crore divergence in their bad loans for the last fiscal (FY19). As per the assessment done by the Reserve Bank of India (RBI), the gross NPA of SBI was Rs 11,932 crore more at Rs 1,84,682 crore as against Rs 1,72,750 crore reported by the bank for 2018-19. Similarly, the net NPA was Rs 77,827 crore as compared to disclosed figure of Rs 65,895 crore, reflecting divergence of Rs 11,932 crore.
As a result the bank has to make additional provisioning of Rs 12,036 crore in the balance sheet and the notional loss would have been at Rs 6,968 crore.
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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