State Bank of India (SBI) is trading slightly higher at Rs 794.35, marking a rise of 2 points or 0.25% from its previous close of Rs 792.35 on the Bombay Stock Exchange (BSE). 

The stock opened at Rs 794.15, reaching a high of Rs 801.25 and a low of Rs 793.00 during the session, with 114,525 shares traded. The stock, valued at Rs 1, is part of the BSE 'A' group, and it hit its 52-week high of Rs 912.10 on June 3, 2024, and a low of Rs 543.15 on October 26, 2023. In the past week, the stock's high and low were Rs 801.25 and Rs 780.65, respectively. SBI’s current market capitalization stands at Rs 7,08,614.23 crore.

SBI’s promoter shareholding is 57.54%, with institutions holding 34.80% and non-institutions 7.67%.

The bank has successfully raised Rs 7,500 crore through its second Basel III-compliant Tier 2 bond issuance for this fiscal year at a coupon rate of 7.33%. These bonds have a 15-year maturity period, with a call option after 10 years and on each anniversary thereafter. The bonds are rated ‘AAA’ with a stable outlook by CRISIL and CARE Ratings.

Investor interest was strong, with bids exceeding three times the base issue size of Rs 4,000 crore. A total of 77 bids were received, showing participation from a range of institutional investors, including provident and pension funds, mutual funds, and banks.

SBI, the largest lender in India, offers a variety of services across Personal Banking, Agriculture/Rural, NRI services, SME, and Corporate Banking.