State Bank of India (SBI) is currently trading at Rs. 1956.15, up by 33.90 points or 1.76% from its previous closing of Rs. 1922.25 on the BSE.
The scrip opened at Rs. 1920.25 and has touched a high and low of Rs. 1958.90 and Rs. 1920.25 respectively. So far 100465 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2469.25 on 20-May-2013 and a 52 week low of Rs. 1452.90 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs. 1958.90 and Rs. 1867.40 respectively. The current market cap of the company is Rs. 145578.02 crore.
The promoters holding in the company stood at 58.60% while Institutions and Non-Institutions held 30.53% and 8.75% respectively.
State Bank of India (SBI) has sold non-performing assets (NPAs) worth Rs 4,000 crore in 2013-14 to asset reconstruction companies (ARCs). The ARCs largely pay in the form of Government security receipts (SR).
This helps a bank to take the equivalent NPA figure out of its books and make an yearly provision for recovery or actual cash payment.
The bank’s Gross non-performing assets (NPAs) as a percentage of gross advances increased to 5.73 percent in Q3FY14 as against 5.64 percent in Q2FY14 and 5.3 percent in Q3FY13 while net NPAs rose to 3.24 percent from 2.91 percent and 2.59 percent during the same period.
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