State Bank of India is currently trading at Rs. 514.90, up by 6.65 points or 1.31% from its previous closing of Rs. 508.25 on the BSE.
The scrip opened at Rs. 509.00 and has touched a high and low of Rs. 518.90 and Rs. 508.00 respectively. So far 414794 shares were traded on the counter.
State Bank of India The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 542.20 on 03-Nov-2021 and a 52 week low of Rs. 269.55 on 28-Jan-2021.
Last one week high and low of the scrip stood at Rs. 513.50 and Rs. 492.10 respectively. The current market cap of the company is Rs. 459215.89 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 increased interest rates on fixed deposit (FD) by upto 10 basis points or 0.10 per cent. The new rate is effective from January 15, 2022. Interest rate on fixed deposits for tenure 1 year to less than 2 years has been increased to 5.1 per cent from 5.0 per cent. For senior citizens the rate is increased from 5.50 per cent to 5.60 per cent. This interest rate is applicable on FDs below Rs 2 crore.
The interest rates on FD of other tenure remain unchanged. SBI offers the highest interest rate of 5.40 per cent on FD for tenure from 5-10 years. For senior citizen the interest rate on FD of tenure from 5 years and upto 10 years stands at 6.20 per cent. For FD of tenure two years to less than three years stands 5.10 per cent. For tenure of 3 years to less than 5 years the interest rate is 5.30 per cent.
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.
