State Bank of India (SBIN)
₹811.95
State Bank of India share Performance
- ₹797.35₹826.15₹811.95
1.80%
Low
Day's Volatility:3.55%
High
1.75%
- ₹543.2₹839.65₹811.95
33.10%
Low
52 Weeks Volatility:36.51%
High
3.41%
| Returns % | |
| 1 Month Return | 9.13 % |
| 3 Month Return | 8.69 % |
| 1 Year Return | 39.91 % |
| Market Stats | |
| Previous Close | ₹820.30 |
| Open | ₹825.30 |
| Volume | 2.05Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹7,32,085.92Cr |
Analyst Rating
based on 43 analysts
Based on 43 analysts offering long term price targets for State Bank of India. An average target of ₹869.77
Source: S&P Global Market Intelligence
Company Information
SBI offers a wide range of banking and financial services, including retail banking, corporate banking, investment banking, private banking, asset management, insurance, venture capital, and private equity. Its top products include savings accounts, current accounts, fixed deposits, loans, credit cards, and debit cards. It also offers a range of popular brands such as SBI Life Insurance, SBI Mutual Fund, SBI General Insurance, SBI Cards, and SBI Securities.
SBI has a strong presence in India, with over 24,000 branches and more than 59,000 ATMs across the country. It also has branches in more than 35 countries, making it one of the largest Indian banks in terms of international presence.
Share Price: ₹811.95 per share as on 16 May, 2024 04:01 PM
Market Capitalisation: ₹7,32,085.92Cr as of today
Revenue: ₹1,64,914.36Cr as on March 2024 (Q1 24)
Net Profit: ₹21,384.15Cr as on March 2024 (Q1 24)
Listing date: 03 Nov, 1994
Chairperson Name: DINESH KUMAR KHARA
| Organisation | State Bank of India |
| Headquarters | |
| Industry | Banks |
| E-voting on shares | Click here to vote |
What's happening
Today's Timeline - 16 May
02:45 AM
-SBI, BoB, and PNB targeting to maintain NIM in the range of 2.90%-3.30% in Q1FY25.
09:56 AM
-SBI increases interest rates on retail domestic term deposits by 25-75 basis points on deposits of less than one year tenor.
03:50 PM
-Shares of SBI fell to Rs 812 per share after raising interest rates on certain fixed deposits by up to 25-75 basis points.
Key events for State Bank of India
SBI Increases Deposit Rates Amidst Credit Growth Concerns - 16 May, 2024
State Bank of India (SBI) has increased deposit rates amidst concerns around sluggish growth of deposits compared to loans. Additionally, executives from SBI met with top officials seeking government help to loosen RBI leash on project financing due to latest guidelines.
SBI Raises Fixed Deposit Interest Rates; Reports Strong Q4 Results - 15 May, 2024
State Bank of India raised its fixed deposit interest rates and reported strong Q4 results with a PAT growth of 24% YoY. SBI also participated in C2FO's TReDS platform and wrote off Rs 8,595 crore in FY24.
SBI Cuts Headcount and Becomes Trading-Clearing Member of IIBX - 14 May, 2024
State Bank of India has cut its total headcount by 10% since FY19, with 25,000 fewer staff. Additionally, SBI became a trading-clearing member of IIBX at GIFT City. Despite pressure on NIM, SBI expects credit growth to be in the 14-16% range. The bank's shares have outperformed Bank Nifty by a wide margin over six months.
SBI Reports Strong Q4 Results and High RoE - 13 May, 2024
State Bank of India (SBI) reports strong Q4 results with a net profit of Rs 20,698.35 crore, beating its top four private sector peers in terms of achieving higher RoE. The bank's management is confident of avoiding equity dilution and expects to achieve loan growth of 13-15% for FY25. Brokerage firm Sharekhan recommends SBI as one of five stocks with strong fundamentals for BUY.
SBI to Hire 12,000 Freshers, Majority Engineers - 12 May, 2024
State Bank of India plans to hire up to 12,000 freshers as probationary officers and associates in FY25, with 85% being engineering graduates. SBI invests heavily in training its staff and has a dedicated in-house institute focused on instilling technology skills.
State Bank of India Reports Strong Results - 11 May, 2024
State Bank of India's FY 2024 results show a significant increase in revenue and net income. Analysts have raised their share price targets following the bank's strong Q4 performance.
SBI Reports Strong Q4 Results, Beats Estimates - 10 May, 2024
State Bank of India (SBI) reported its highest-ever quarterly net profit of ₹20,698 crore in Q4 FY23-24, beating analysts' estimates by a wide margin. The bank also declared a dividend of Rs 13.7 per share. SBI's consolidated net profit for the year rose by 18% to Rs 21,384.15 crore.
SBI Reports Strong Q4 Results with Record Profit - 09 May, 2024
State Bank of India (SBI) reports a record profit of Rs 20,698 crore for Q4 FY24, beating estimates, driven by strong loan demand and lower provisions. SBI expresses confidence in growing credit book by 14-16% in current fiscal year. The asset quality of the bank improved, and it declared a dividend of Rs 13.7 per equity share for FY24.
SBI Expected to Report Sharp Fall in Net Profit for Q4FY24 - 08 May, 2024
State Bank of India (SBI) is set to report its Q4FY24 results, with analysts predicting a decline in net profit due to one-time wage revisions and higher operating expenses. Additionally, the RBI's proposed norms to tighten project financing have caused SBI's stock to fall. However, NII is expected to grow marginally.
SBI Faces Profit Decline Amidst Tighter Regulations and Wage Revision - 07 May, 2024
State Bank of India faces declining profits amidst the RBI's proposed tighter regulations for project financing and wage revision. However, state-run banks are set to deploy generative artificial intelligence (GenAI) systems for credit modelling, data analytics, and cybersecurity.
SBI Provides Loan for WTC Project, FSIB to Recommend Chairman Candidate - 06 May, 2024
State Bank of India has provided a loan of Rs 714 crore to TCG Real Estate for its World Trade Centre project in Gurugram. Meanwhile, the Financial Services Institutions Bureau is set to recommend a candidate for the post of SBI chairman as the current chairman's tenure ends soon.
State Bank of India Offers Comprehensive Advisory Services to Startups - 05 May, 2024
The State Bank of India is offering advisory services to startups nationwide, providing expert guidance in project advisory, financial services, and equity-debt matters. This initiative aims to help startup founders craft effective business strategies, conduct market research, and adopt industry best practices.
State Bank of India Joins C2FO's TReDS Platform - 04 May, 2024
State Bank of India has joined C2FO's TReDS platform, C2treds, which facilitates financing and discounting of trade receivables for MSMEs through multiple financiers.
State Bank of India in Focus Amidst Green Cells Plan and Paytm Integration - 03 May, 2024
State Bank of India is among the PSP banks that Paytm has integrated with to migrate user accounts. PSBs are planning to set up green cells for climate-specific initiatives, while SBI remains a top pick in the public space.
SBI Seeks Approval to Sell Debt; Sanctions Loans for Solar Projects - 02 May, 2024
State Bank of India seeks RBI approval to sell Jaiprakash Associates' debt worth Rs 18,000 crore to NARCL. SBI also sanctions and disburses a 20-year project loan facility to Avaada Energy for two solar projects in Gujarat. Additionally, SBI is in talks to lead a consortium of lenders to provide loans worth $1.80 billion to Vodafone Idea.
SBI Shares Rise Amidst Market Gains and Analyst Advice - 30 Apr, 2024
Shares of State Bank of India hit a new 52-week high amidst market gains and punters piling on shares ahead of JP Morgan Bond Index inclusion. However, Anand Rathi advises investors to consider booking profits due to a potential reversal.
SBI Partners with HCLSoftware for Digital Revamp; Hits Fresh 52-Week High - 29 Apr, 2024
State Bank of India (SBI) hit a fresh 52-week high and gained over 1% after getting the government's approval to divest its entire 25.02% stake in Yes Bank. SBI also partnered with HCLSoftware to digitally revamp its customer interaction framework. The bank's stock drove the Bank Nifty index 2.4% higher.
SBI gains despite NCLAT ruling on ITPCL liquidation value - 28 Apr, 2024
The National Company Law Appellate Tribunal (NCLAT) dismissed State Bank of India's (SBI) opposition to the liquidation value of IL&FS Tamil Nadu Power Company Ltd. Despite this, SBI emerged as one of the biggest gainers in the stock market last week.
SBI Partners with HCLSoftware; Paytm Expedites Integration with SBI - 27 Apr, 2024
State Bank of India (SBI) partners with HCLSoftware to improve customer engagement precision and relevance. Meanwhile, Paytm has expedited its integration with SBI after NPCI's approval to onboard OCL as a third-party application provider.
SBI Partners with HCLSoftware for Digital Transformation Program - 26 Apr, 2024
State Bank of India partners with HCLSoftware for its five-year digital transformation program using the HCL Unica platform. The stock shows positive momentum with a potential upside of 6.89%, while the chairman emphasizes the need for three strong telecom companies.
Fundamentals of State Bank of India
Insights on State Bank of India
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTPrice Rise
In the last 1 month, SBIN stock has moved up by 9.1%
- POSITIVE IMPACT
Best in 1 Year
In the last 1 year, SBIN has outperformed top 5 stocks with highest market-cap in Banks
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 4 quarters, 1.32L Cr → 1.64L Cr (in ₹), with an average increase of 7.1% per quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 10.81% to 10.97% in Mar 2024 quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 11.06K Cr → 21.38K Cr (in ₹), with an average increase of 48.3% per quarter
- POSITIVE IMPACT
Best in 3 Years
In the last 3 years, SBIN has outperformed top 5 stocks with highest market-cap in Banks
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 56.92% of holdings in Mar 2024 quarter
NEGATIVE IMPACTRetail Holding Down
Retail Investor have decreased holdings from 7.33% to 7.30% in Mar 2024 quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 11.64% to 11.48% in Mar 2024 quarter
State Bank of India Valuation
State Bank of India in the last 5 years
Lowest (-1736.32x)
January 24, 2018
Today (10.91x)
May 15, 2024
Industry (20.61x)
May 15, 2024
Highest (140.37x)
June 27, 2019
Shareholding Pattern
| Investors | Holdings % | Prev. 1 periods | 3M change |
|---|---|---|---|
| Promoter Holdings | 56.92% | 0.00 | |
| Foreign Institutions | 10.97% | 0.00 | |
| Mutual Funds | 11.48% | 0.00 | |
| Retail Investors | 7.3% | 0.00 | |
| Others | 13.33% | 0.00 |
Technicals of State Bank of India share
News & Events of State Bank of India
State Bank of India Blogs
News
Asian Paints CEO Clarifies Stance on GDP Growth Correlation Comments
Asian Paints Ltd clarified that CEO Amit Syngles comments on GDP and paint industry growth correlation were misinterpreted, not questioning GDPs sanctity.
16 May, 2024 09:00 AM‘Misrepresented…’ says Asian Paints after MD & CEO Amit Syngle's comments to investors on India's GDP numbers
Asian Paints clarified to the exchanges that MD and CEO Amit Syngle's comments on India's GDP as misrepresented, stating they were in response to a query on the... Read more
16 May, 2024 09:36 AMAsian Paints Says CEO's Growth-Correlation Remark Not Meant To Doubt GDP Data
Amit Syngle had wondered whether the GDP data correlated with the 'actual GDP' being produced by the underlying sectors of the economy.
16 May, 2024 10:11 AM
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State Bank of India (SBIN) share price today is ₹811.95
State Bank of India is listed on NSE
State Bank of India is listed on BSE
- Today’s highest price of State Bank of India is ₹826.15.
- Today’s lowest price of State Bank of India is ₹797.35.
PE Ratio of State Bank of India is 10.91
PE ratio = State Bank of India Market price per share / State Bank of India Earnings per share
Today’s traded volume of State Bank of India(SBIN) is 2.05Cr.
Today’s market capitalisation of State Bank of India(SBIN) is ₹732085.92Cr.
| State Bank of India(SBIN | Price |
|---|---|
52 Week High | ₹839.65 |
52 Week Low | ₹543.2 |
State Bank of India(SBIN) share price is ₹811.95. It is down -3.30% from its 52 Week High price of ₹839.65
State Bank of India(SBIN) share price is ₹811.95. It is up 49.48% from its 52 Week Low price of ₹543.2
| State Bank of India(SBIN | Returns |
|---|---|
1 Day Returns | -8.35% |
1 Month Returns | 9.13% |
3 Month Returns | 8.69% |
1 Year Returns | 39.91% |