State Bank of India is currently trading at Rs. 276.00, up by 2.85 points or 1.04% from its previous closing of Rs. 273.15 on the BSE.
The scrip opened at Rs. 275.35 and has touched a high and low of Rs. 277.00 and Rs. 274.95 respectively. So far 153084 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. 247.65 on 26-Oct-2018.
Last one week high and low of the scrip stood at Rs. 277.00 and Rs. 267.15 respectively. The current market cap of the company is Rs. 247077.87 crore.
The promoters holding in the company stood at 57.88%, while Institutions and Non-Institutions held 34.67% and 7.45% respectively.
State Bank of India (SBI) and Edelweiss Financial Services’ subsidiary — ECL Finance have signed a Co-Origination agreement to increase access to credit for Micro, Small and Medium Enterprises (MSMEs).
This collaboration involves the sharing of risks and rewards between Banks and NBFCs and is a winwin for all involved parties; MSME customers, Banks and Edelweiss, creating a lending environment that truly democratizes credit flows to an important socio-economic segment. The partnership between SBI and Edelweiss comes close on the heels of SBI setting up a special NBFC Alliance department to step up lending to the priority sector.
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.