State Bank of India (SBI) is currently trading at Rs. 277.80, up by 0.40 points or 0.14% from its previous closing of Rs. 277.40 on the BSE.
The scrip opened at Rs. 278.80 and has touched a high and low of Rs. 279.75 and Rs. 277.60 respectively. So far 19,96,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 288.50 on 11-Nov-2016 and a 52 week low of Rs. 166.60 on 24-May-2016.
Last one week high and low of the scrip stood at Rs. 280.00 and Rs. 269.70 respectively. The current market cap of the company is Rs. 2,21,543.00 crore.
The promoters holding in the company stood at 61.18%, while Institutions and Non-Institutions held 29.09% and 9.73% respectively.
SBI has received approval from executive committee of its central board for raising stake in credit card joint venture companies - SBI Cards and Payment Services and GE Capital Business Process Management Services to 74% each by infusing additional capital of Rs 1,160 crore.
The bank, however, did not give a break-up of the amounts it is paying to increase its shareholding in SBI Cards & Payment Services and GE Capital Business Process Management Services. Currently, SBI holds 60% stake in SBI Cards and 40% stake in GE Capital Business.