Bhattacharya added that tackling the bad loans, will receive top priority in the current fiscal.
The State Bank of India will use all available means to resolve the over Rs.98,000 crore of bad loans on its books, chairman Arundhati Bhattacharya reportedly said.
Bhattacharya added that tackling the bad loans, will receive top priority in the current fiscal.
Bhattacharya reportedly said that finding a way to bring down the level of stressed assets on the bank will undoubtedly receive the most attention.
“There is no one solution that fits all,” said Bhattacharya.
State Bank of India ended at Rs. 206.2, down by Rs. 3.8 or 1.81% from its previous closing of Rs. 210 on the BSE.
The scrip opened at Rs. 209.05 and touched a high and low of Rs. 211.5 and Rs. 205.5 respectively. A total of 28096162(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 160068.46 crore.
The BSE group 'A' stock of face value Rs. 1 touched a 52 week high of Rs. 291.85 on 05-Aug-2015 and a 52 week low of Rs. 148.3 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 212.8 and Rs. 197.1 respectively.
The promoters holding in the company stood at 60.18 % while Institutions and Non-Institutions held 27.88 % and 10.07 % respectively.
The stock traded above its 200 DMA.
No comments:
Post a Comment