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State Bank of India share Price Today

Company details

6M Return 4.23%
1Y Return 1.17%
Mkt Cap.(Cr) 548,105.05
Volume 17,722,136
Div Yield 1.84%
OI Chg %
Volume 17,722,136

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About The Stock

    SBI is a public sector bank and also the largest bank in India with a balance sheet size of ~ ₹ 48 lakh crore.

    • Strong liability franchisee with trend setting abilities in terms of rates
    • Best operating metrics in the PSU banking space

    Healthy performance on the asset quality front and growth.

    • GNPA down 40 bps QoQ to 4.5%, restructured book at 1.2% of loans
    • NII up 6.5% YoY, NIM down 9 bps QoQ to 3.2%, C/I ratio at 52.9%
    • Provisions at ₹ 6974 crore, PAT up 62.3% YoY at ₹ 8431 crore
    • Gross advances up 8.5% YoY (higher than estimates) and deposits up 8.8% YoY, CASA at 45.7%

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State Bank of India announced Q2FY24 & H1FY24 results:

1. Profitability:
- Net profit for Q2FY24 at Rs 14,330 crore, showing a growth of 8.03% YoY.
- Operating profit for Q2FY24 is at Rs 19,417 crore, reflecting a decline of 8.07% YoY.
- Bank's ROA and ROE for H1FY24 stand at 1.10% and 22.57% respectively.
- Net Interest Income (NII) for Q2FY24 increased by 12.27% YoY.

2. Balance Sheet:
- Credit growth at 12.39% YoY, with Domestic Advances growing by 13.21% YoY.
- Foreign Offices' Advances grew by 8.11% YoY.
- Domestic Advances growth driven by SME Advances (22.75% YoY) followed by Retail Personal Advances which grew by 15.68% YoY.
- Whole Bank Deposits grew at 11.91% YoY, out of which CASA Deposit grew by 4.91% YoY. CASA ratio stands at 41.88% as of September 30, 2023.

3. Asset Quality:
- Gross NPA ratio at 2.55% improved by 97 bps YoY.
- Net NPA ratio at 0.64% improved by 16 bps YoY.
- PCR (Incl. AUCA) improved by 39 bps YoY and stands at 91.93%.
- Slippage Ratio for H1FY24 improved by 16 bps YoY and stands at 0.70%.

4. Capital Adequacy:
- Capital Adequacy Ratio (CAR) as at the end of Q2FY24 improved by 77 bps YoY and stands at 14.28%.

5. Alternate Channels:
- 61% of SB accounts and 39% of retail asset accounts acquired digitally through YONO.
- Share of Alternate Channels in total transactions increased from ~96.8% in H1FY23 to ~97.7% in H1FY24.



Result PDF

View Other Company Results


Investment recommendation
Call Date
03 Nov 2023
Entry Price 565.00
Target Price 725.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

State Bank of India Stocks COMPARISION


Equity Capital: 358,931.32 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,382.05 35,983.55
LAST 3M 58,542.74 18,995.44
LAST 6M 99,640.08 90,958.37
LAST 12M 166,983.77 138,194.89
State Bank Of India - Analysts/Institutional Investor Meet/Con. Call Updates

Dec 08, 2023 l NSE Announcement

SBI to acquire SBI Capital Markets` 20% stake in SBI Pension Funds

Dec 05, 2023 l BSE Announcement

State Bank Of India - Analysts/Institutional Investor Meet/Con. Call Updates

Dec 04, 2023 l NSE Announcement

Date Action Type Ratio
May 31, 2023 Dividend 1130
May 25, 2022 Dividend 710
Jun 03, 2021 Dividend 400

State Bank of India Information

Stock PE (TTM)
Promoter Holding
Book Value
  • State Bank of India is a Financial sector company, having a market capitalization of worth Rs.3,03,347.55 Cr as of 16 April 2021. The bank was incorporated in 1806. The bank has reported its consolidated quarterly revenue of Rs.66,734.50 Cr as of December 2020. The bank is listed as a constituent of the Bombay Stock Exchange (BSE) with the code 500112 and the National Stock Exchange (NSE) with the symbol (SBIN). State Bank of India (SBI), formerly known as Imperial Bank of India, is the largest and the oldest bank in the country. It is ranked 43rd largest bank in the world. This public-sector bank has many subsidiaries like SBI Life Insurance Ltd., SBI General Insurance, Yes Bank, etc. The State Bank of India is the world's largest and oldest public sector commercial bank, with over twenty decades of experience servicing customers in and across the country. The bank was established as the Imperial Bank of India when the Bank of Madras, the Bank of Bombay and the Bank of Calcutta merged and renamed as the State Bank of India in the year 1955 by the Indian Government who took 60 per cent of the stake of the Imperial Bank of India with Reserve Bank of India (India's central bank), renaming it State Bank of India. The Government of India bought all of RBI's holdings in the bank in 2007. The bank has over 24000 branches in India as of 1 April 2017, and among the Indian banks, this bank has the most extensive presence in foreign markets with about 200 overseas offices in over 36 countries, including Australia, Bangladesh, Canada, UK, Mauritius, SBI Sri Lanka, Nepal, Moscow, Kenya and Seoul to name a few. It's a public-sector bank with many subsidiaries like SBI Life Insurance Ltd., SBI General Insurance, SBI Mutual Fund, SBI Capital Markets Ltd, SBI Cards & Payments Services Pvt. Ltd., Yes bank etc. functioning under it. It handles its operations through segments like Treasury, which includes the whole investment portfolio and trading in FOREX and derivative contracts. The Corporate or Wholesale Banking, that constitutes the lending activities of Corporate Accounts Group, Mid Corporate Accounts Group, and Stressed Assets Management Group to provide loans and transaction services to corporate and institutional clients. The Retail Banking segment has branches in National Banking Group that primarily comprises personal banking activities, which include lending activities to its corporate customers. The Other Banking business segment manages the operations of all its non-banking subsidiaries and joint ventures.

Registered Address

State Bank Bhavan 14th Floor, Madame Cama Road Nariman Point, Mumbai, Maharashtra, 400021

Tel : 91-22-22740841/42/43/44/45/46/47/48
Email : gm.snb:sbi.co.in/investor.complaints:sbi.co.in
Website : http://www.sbi.co.in

Alankit Assignments Ltd

AGM Date (Month) : Jun
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500112
Book Closure Date (Month) :
BSE Group : A
ISIN : INE062A01020

FAQ’s on State Bank of India Shares

You can buy State Bank of India shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy State Bank of India Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 08, 2023 04:05 PM the closing price of State Bank of India was ₹ 614.15.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 08, 2023 04:05 PM, the market cap of State Bank of India stood at ₹ 548,105.05.

The latest PE ratio of State Bank of India as of Dec 08, 2023 04:05 PM is 8.03

The latest PB ratio of State Bank of India as of Dec 08, 2023 04:05 PM is 0.67

The 52-week high of State Bank of India is ₹ 629.55 while the 52-week low is ₹ 499.35

According to analyst recommendations, State Bank of India has a “Buy” rating for the long term.

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