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State Bank of India Share Price (SBIN)

₹744.80.92%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

State Bank of India share Performance

  • ₹742
    ₹759.95
    ₹744.8
    downward going graph

    0.38%

    Low

    Day's Volatility:2.41%

    High

    2.03%

    downward going graph
  • ₹528
    ₹793.4
    ₹744.8
    downward going graph

    29.11%

    Low

    52 Weeks Volatility:35.63%

    High

    6.53%

    downward going graph
1 Month Return2.84 %
3 Month Return19.64 %
1 Year Return37.71 %
Previous Close₹751.70
Open₹752.05
Volume1.46Cr
Upper Circuit-
Lower Circuit-
Market Cap₹6,70,863.08Cr

Analyst Rating for State Bank of India stock

based on 42 analysts

BUY
80.49%
Buy
12.20%
Hold
7.32%
Sell

Based on 42 analysts offering long term price targets for State Bank of India. An average target of ₹769.31

Source: S&P Global Market Intelligence

Company Information

State Bank of India (SBI) is the largest banking and financial services company in India, with a history dating back to 1806 when it was incorporated as the Bank of Calcutta. It is now the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees.

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: ₹744.80 per share as on 18 Apr, 2024 04:01 PM
Market Capitalisation: ₹6,70,863.08Cr as of today
Revenue: ₹1,53,071.64Cr as on December 2023 (Q4 23)
Net Profit: ₹11,064.14Cr as on December 2023 (Q4 23)
Listing date: 03 Nov, 1994
Chairperson Name: DINESH KUMAR KHARA
OrganisationState Bank of India
Headquarters
IndustryBanks
E-voting on sharesClick here to vote

Key events for State Bank of India

  • SBI NCMC Cards Can Now Be Recharged Online Using Bharat BillPay - 18 Apr, 2024

    State Bank of India's Bharat BillPay-enabled application, SBI Unipay, now supports online recharging of SBI NCMC cards for various metro services and Parliament Canteen through Bharat BillPay portals. Customers can recharge their cards with up to Rs 10,000 online, making it a hassle-free experience.

  • SBI Receives $1 Billion Credit Line from World Bank for Green Energy Transition - 17 Apr, 2024

    State Bank of India receives a $1 billion line of credit from the World Bank to support BESS and electric mobility. Paytm integrates with SBI, Axis Bank, HDFC Bank, and YES Bank on TPAP platform. SBI releases charges for NEFT and RTGS transactions.

  • State Bank of India Faces Insolvency Cases Dismissal; S&P Forecasts Stable Asset Quality - 16 Apr, 2024

    The National Company Law Tribunal has dismissed two separate insolvency cases filed against RInfra's subsidiary, Mumbai Metro One, providing relief to the company. Meanwhile, S&P Global Ratings predicts that State Bank of India's weak loans will remain stable at 2.5-3% of total loans over the next 12-18 months.

  • SBI's Senior Citizen Deposits Increase; Approaches RBI to Cap NBFC Lender Base. - 15 Apr, 2024

    State Bank of India reports an increase in senior citizen deposits and approaches RBI to limit NBFC lender base. Experts predict lower fresh slippage ratios for PSBs than private banks in FY25. Electoral bonds can be purchased anonymously through SBI.

  • SBI Proposes Cap on NBFC Lender Base - 13 Apr, 2024

    State Bank of India has approached the Reserve Bank of India to put a cap on non-banking financial companies (NBFCs) lender base, proposing that a consortium of lenders can be formed to take common lending decisions for large-sized NBFCs. SBI believes that a large number of lenders dilutes the ability to monitor NBFCs loan books significantly.

  • SBI to Invest in Vodafone Idea FPO, Directed to Refund Cybercrime Victim - 12 Apr, 2024

    State Bank of India (SBI) is set to invest up to $300 million in Vodafone Idea's upcoming follow-on public offer (FPO), while also being directed by a Hyderabad commission to refund ₹6.14 lakh lost by an elderly customer to cybercriminals.

  • SBI Faces Criticism Over Electoral Bond Disclosure Refusal - 11 Apr, 2024

    The State Bank of India (SBI) has faced criticism for its refusal to disclose details of electoral bonds under the Right to Information (RTI) Act. Despite a Supreme Court directive, the bank has cited exemptions under the RTI Act, claiming that the information is held in a fiduciary capacity and involves personal data.

  • SBI Extends Deadline for Special FD Scheme - 10 Apr, 2024

    State Bank of India extends the deadline for its SBI WeCare special FD scheme to safeguard older adults' incomes by providing additional interest. Analysts predict mid-single-digit growth in net interest income (NII) and margin compression for the banking sector. SBI plans to launch YONO 2.0 soon.

  • SBI Reports Strong Financials and Plans for Upgraded App - 09 Apr, 2024

    State Bank of India has reported a strong YoY return and Total Income growth in Q3FY24. The bank's super app, YONO, is set to launch an upgraded version, YONO 2.0, offering convenience and hyper-personalization.

  • SBI Expects Growth in Investment Cycle and GDP - 08 Apr, 2024

    State Bank of India (SBI) is extending its Amrit Kalash special FD scheme and introducing a new Green Rupee Term Deposit. SBI Chairman Dinesh Khara expects the corporate investment cycle to pick up, with GDP growth of almost 8% in 2024-25. He also hopes to exceed FY24 credit growth guidance and maintain NIM at the current level.

  • State Bank of India Aims to Surpass ₹1-lakh Crore Operating Profit Milestone by FY25 - 07 Apr, 2024

    State Bank of India has set a target to surpass the operating profit milestone of ₹1-lakh crore in FY25, with projections for domestic deposits and advances growth at 14% and 14.65%, respectively. The bank aims to keep gross non-performing assets (GNPAs) and net NPAs below 2% and 0.60%, respectively.

  • SBI Plans Customer Service Monitoring; Shares Give 76X Returns - 06 Apr, 2024

    State Bank of India is planning various initiatives to improve customer service, including monitoring through incognito visits, building a KYC management system, developing a centralised calling facility, and digitising the deceased claim settlement process. Meanwhile, SBI shares have given 76X returns over three decades.

  • SBI Sees Interest from Investors, Increases Deposit Rate - 05 Apr, 2024

    State Bank of India sees interest from long-term investors and attracts attention from FIIs due to undervaluation compared to private banks. The bank has increased its term deposit rate and issued a security warning to customers. SBI Chairman Dinesh Khara suggests that the LCR framework review could address liquidity mismatches.

  • SBI Moves Tribunal for Insolvency Proceedings Against JAL - 04 Apr, 2024

    State Bank of India has moved the tribunal for insolvency proceedings against JAL, which is yet to be ruled on. Meanwhile, lending by IFSC banks to Indian customers has crossed USD 50 billion.

  • Mixed News for State Bank of India Stock - 02 Apr, 2024

    State Bank of India (SBI) is facing mixed news as a research report suggests that rate cuts are unlikely in the upcoming RBI Monetary Policy Committee meeting, while a family discovered forgotten SBI shares worth Rs. 500 bought in 1994, now valued at Rs. 3.75 lakh. However, SBI refused to disclose its standard operating procedure for the sale and redemption of electoral bonds citing commercial confidence exemption.

  • SBI Announces Revised Charges for Debit Cards and Hires New Executives - 01 Apr, 2024

    State Bank of India has revised its annual maintenance charges for debit cards and suspended certain credit cards from accruing reward points on rent payment transactions. Additionally, Modulus Alternatives has hired three former SBI executives. SBI also entered into an agreement with Apollo Micro Systems.

  • State Bank of India Share Price Gains 137% Over Five Years - 30 Mar, 2024

    State Bank of India's share price has increased by 137% over the last five years, with a 17% increase in the last quarter. The company became profitable during this period, and its EPS grew by 40% per year. TSR for the last five years was 148%, which exceeds the share price return due to dividend payments.

  • SBI Stock Rises 25% on Consistent Asset Quality and Lower Credit Costs - 29 Mar, 2024

    State Bank of India's stock has risen by around 25%, from ₹605 to ₹753 apiece level, due to the bank's consistency in maintaining healthy asset quality, lower credit costs sequentially, and impressive liability franchise alongside no stress on deposit mobilization. The outlook for SBI shares remains positive.

  • SBI Increases Debit Card Fees, Shares Rise on RBI Rule Relaxation - 28 Mar, 2024

    State Bank of India is set to increase annual maintenance fees for various debit card categories by Rs 75 starting April 1. Meanwhile, shares of SBI and other banks rose up to 4% following the RBI's relaxation of rules regarding investments in Alternative Investment Funds.

  • SBI Receives Ratings Maintenance; Announces Changes in Debit & Credit Card Policies - 27 Mar, 2024

    State Bank of India receives rating maintenance from HSBC and Nomura. SBI will revise annual maintenance charges for certain debit cards and make changes to its credit card reward points policy effective from April 1, 2024.

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.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 10.61% to 10.81% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Best in 3 Years

    img

    In the last 3 years, SBIN has outperformed top 5 stocks with highest market-cap in Banks

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, SBIN stock has moved up by 19.6%

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 1.32L Cr → 1.53L Cr (in ₹), with an average increase of 7.0% per quarter

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, SBIN has outperformed top 5 stocks with highest market-cap in Banks

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 56.92% of holdings in Dec 2023 quarter

  • imgNO EFFECT

    Retail Holding Unchanged

    img

    Retail Investor holdings remained unchanged at 7.33% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 18.53K Cr → 11.06K Cr (in ₹), with an average decrease of 22.2% per quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 11.87% to 11.64% in Dec 2023 quarter

State Bank of India Valuation

State Bank of India in the last 5 years

  • Overview

  • Trends

Lowest (-1736.32x)

January 24, 2018

Today (10.52x)

April 16, 2024

Industry (20.58x)

April 16, 2024

Highest (140.37x)

June 27, 2019

LowHigh

Mutual Fund Holdings

Funds Holdings
SBI Equity Hybrid Fund Direct GrowthSBI Equity Hybrid Fund Direct Growth4.93%
HDFC Balanced Advantage Fund Direct Plan Growth OptionHDFC Balanced Advantage Fund Direct Plan Growth Option3.81%
HDFC Flexi Cap Fund -Direct Plan - Growth OptionHDFC Flexi Cap Fund -Direct Plan - Growth Option4.88%
SBI Focused Equity Fund Direct Plan GrowthSBI Focused Equity Fund Direct Plan Growth6.31%
Kotak Flexicap Fund Direct GrowthKotak Flexicap Fund Direct Growth4.1%

Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
56.92%
0.00
Foreign Institutions
10.81%
1.84
Mutual Funds
11.64%
-1.93
Retail Investors
7.33%
0.01
Others
13.31%
0.25

Technicals of State Bank of India share

News & Events of State Bank of India

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State Bank of India (SBIN) share price today is ₹744.8

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 ₹759.95.
  • Today’s lowest price of State Bank of India is ₹742.

PE Ratio of State Bank of India is 10.52

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 1.46Cr.

Today’s market capitalisation of State Bank of India(SBIN) is ₹670863.08Cr.

State Bank of India(SBINPrice
52 Week High
₹793.4
52 Week Low
₹528

State Bank of India(SBIN) share price is ₹744.8. It is down -6.13% from its 52 Week High price of ₹793.4

State Bank of India(SBIN) share price is ₹744.8. It is up 41.06% from its 52 Week Low price of ₹528

State Bank of India(SBINReturns
1 Day Returns
-6.9%
1 Month Returns
2.84%
3 Month Returns
19.64%
1 Year Returns
37.71%