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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  State Bank of India    SBIN   INE062A01020

STATE BANK OF INDIA (SBIN)
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State Bank of India : SBI likely to list two regional rural banks

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09/14/2017 | 09:37am CET

State Bank of India (SBI) is likely to list two of the 18 regional rural banks (RRBs) it sponsors for unlocking the value embedded in the chosen financiers that have strong profits and strong growth potential. Country’s largest public sector bank (PSB), State Bank of India (SBI) is likely to list two of the 18 regional rural banks (RRBs) it sponsors for unlocking the value embedded in the chosen financiers that have strong profits and strong growth potential, reported a leading news agency.

National Bank for Agriculture and Rural Development (NABARD) is working on the proposal sent by SBI, which also plans to merge five RRBs in the Northeast and create one bank with a network across the developing region. The country’s largest PSB is planning to take Andhra Pradesh Grameena Vikas Bank (APGVB) and Saurashtra and Saurashtra Gramin Bank (SGB) to the market. These banks are profitable, have a good network in rural and urban areas of their states and can use this money for growth.

SBI will become the first public sector lender to list its rural lenders after the enactment of the RRB Amendment Bill 2014.

Meanwhile, the stock was trading up by 0.60% at Rs 275 per share on BSE at 0938 hours. It opened at Rs 273.90 per share. The stock has touched its intraday high and low at Rs 275.05 and Rs 273.35 per share, respectively. The stock has attracted a total traded volume of 8,68,755 shares and traded value of Rs 2,384.73 lakh on NSE.

(c) 2017India Infoline Ltd. All rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( INR)
Sales 2018 1 210 B
EBIT 2018 505 B
Net income 2018 107 B
Debt 2018 -
Yield 2018 0,99%
P/E ratio 2018 25,24
P/E ratio 2019 13,91
Capi. / Sales 2018 2,19x
Capi. / Sales 2019 2,02x
Capitalization 2 651 B
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Technical analysis trends STATE BANK OF INDIA
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Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 369  INR
Spread / Average Target 20%
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Managers
NameTitle
Rajnish Kumar Chairman & Co-Managing Director
Neeraj Vyas Chief Operating Officer & Deputy Managing Director
Anshula Kant Chief Financial Officer & Deputy Managing Director
Mrityunjay Mohapatra Chief Information Officer & Deputy MD
Shivkumar Bhasin Chief Technology Officer
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