SBI falls 2%; NPAs expected to rise next quarter

The bank's Chairman, Arundhati Bhattacharya, states that NPAs are expected to rise in the next quarter and affect profits.

State Bank of India is currently trading at Rs. 152.75, down by Rs. 3.65 or 2.33% from its previous closing of Rs. 156.4 on the BSE. The bank's Chairman, Arundhati Bhattacharya, states that NPAs are expected to rise in the next quarter and affect profits. She also states that the bank will evaluate the current NPA situation and look at how to deal with the rising NPAs after March.

The scrip opened at Rs. 155.35 and has touched a high and low of Rs. 155.35 and Rs. 151.4 respectively. So far 7568441(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 121409.83 crore.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 315.8 on 04-Mar-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. 171 and Rs. 148.3 respectively.

The promoters holding in the company stood at 60.18 % while Institutions and Non-Institutions held 28.55 % and 9.32 % respectively.

The stock is currently trading above its 200 DMA.