The State Bank of India (SBI) is a large cap PSU bank belonging to Nifty 50 group. For this reason, SBI share price influences the benchmark index.
SBI Share Price Graph
State Bank of India is the largest and oldest bank in India. sBI started its journey long ago. This bank was established by English Colonials to help the Indian economy for the sake of Europeans and Indians in 1806. It was primarily an Anglo Indian venture and was named as Bank of Calcutta. Three years later it was named as Bank of Bengal, in 1809. After India achieved Independence, this bank emerged as the premier bank of India in the present name. Later smaller banks were amalgamated to this bank to form the largest bank in India. It is also the biggest PSU bank in India.
Today, even in the remotest corner of India one can find a branch of SBI or its ATM, at the least. People living in remote and far away places are immensely benefitted from this bank because of its vast network. The modern Indian economy has made the SBI as on of its important carriers. Today SBI offers the following services to its customers.
- Retail/ Personal Banking
- Corporate Banking Services
- International Banking
- NRI banking services
- Agriculture / Rural
- Government Business
- Domestic Treasury
- Depository services
- Demat and stock trading facilities
- Mutual funds
- All other modern banking facilities
SBI has been leading the banking sector in India and has been awarded many times for award of excellence in the banking sector.
Company Financials – SBI share price is Rs 271.05 (as on 30.06.17, 09.56 hrs.) in BSE. As per latest data, the standalone basis P/E is 22.44 versus average industry P/E of 20.04, EPS is Rs 12.15. Market cap is Rs 2,35,267 crores. The face value of a share is Rs 1. The Net NPA to Net Advance ratio is 3.71%.
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