State Bank of India provides a range of products and services to personal, commercial enterprises, large corporates, public bodies and institutional customers. Its segments include Treasury, which includes the entire investment portfolio and trading in foreign exchange contracts and derivative contracts; Corporate/Wholesale Banking, which comprises the lending activities of Corporate Accounts Group, Mid Corporate Accounts Group and Stressed Assets Management Group; Retail Banking, which comprises branches in National Banking Group, which primarily includes Personal Banking activities, including lending activities to corporate customers having banking relations with branches in the National Banking Group, and Other Banking Business, which includes the operations of all the Non-Banking Subsidiaries/Joint Ventures other than SBI Life Insurance Co. Ltd. and SBI General Insurance Co. Ltd.
The Company had approximately 22,500 branches and 58,000 ATMs. During this year the Bank has merged subsidiaries SBP, SBM and SBH with itself making it as one of the biggest PSU bank in size and operations in India.
The bank recently concluded QIP collecting INR 1,000 Crores to fuel its growth. A total of 61 institutions participated at a price of Rs.287 per equity share having a face value of Re.1
During the last 1 year the scrip has given following returns
1 year - 36%
6 months - 18%
3 months - 4%
1 month - 1%
1 week -1%
Buy on declines and add to your Longterm Portfolio. One year target - Rs.350/-
No.24 Pattamal Plaza
3rd Cross Kammanahalli
Mail - firstname.lastname@example.org