GMT ASSIGNMENT
STATE BANK OF INDIA
SUBMITTED BY:RISHABH JAIN
1409010
46
INTRODUCTION
State Bank of India, incorporated in the year 1955, is a Large
Cap company (having a market cap of Rs 202,569.67 Cr.)
operating in Banks sector.
State Bank of India key Products/Revenue Segments include
Interest & Discount on Advances & Bills which contributed Rs
115666.01 Cr to Interest Income (70.66% of Total Interest
Income),Income From Investment which contributed Rs
42303.98 Cr to Interest Income (25.84% of Total Interest
Income),Interest which contributed Rs 5094.25 Cr to Interest
Income (3.11% of Total Interest Income),Interest On Balances
with RBI and Other Inter-Bank Funds which contributed Rs
621.07 Cr to Interest Income (0.37% of Total Interest Income),
for the year ending 31-Mar-2016. The Bank has reported a
Gross Non Performing Assets (Gross NPAs) of Rs 0.00 Cr.
(0.00% of total assets) and Net Non Performing Assets (Net
NPAs) of Rs 0.00 Cr. (0.00% of total assets).
For the quarter ended 30-Sep-2016, the company has reported
a Consolidate Interest Income of Rs. 39656.09 Cr., down 0.83% from last quarter Interest Income of Rs. 39989.74 Cr.
and up 0.64% from last year same quarter Interest Income of
Rs. 39405.42 Cr. Company has reported net profit after tax of
Rs. -116.65 Cr. in latest quarter.
The companys management includes Mr.Sanjay M Abhyankar,
Dr.M S Sastry, Mr.Anil Kishora, Mr.Anil Kumar Gupta,
Mr.Ashwini Mehra, Mr.B Ramesh Babu, Mr.B V G Reddy,
Mr.Badal Chandra Das, Mr.Deepankar Bose, Mr.Gautam
Sengupta, Mr.Hardayal Prasad, Mr.K T Ajit, Mr.Mrutyunjay
Mahapatra, Mr.N Krishnamachari, Mr.P V S L N Murty,
Mr.Pallav Mohapatra, Mr.Prashant Kumar, Mr.Sanjay M
Abhyankar, Mr.Sanjiv Nautiyal, Mr.Sekar Karnam, Mrs.Anshula
Kant, Mrs.Rajni Mishra, Dr.Girish K Ahuja, Dr.Pushpendra Rai,
Mr.B Sriram, Mr.Chandan Sinha, Mr.Deepak I Amin, Mr.Dinesh
Kumar Khara, Mr.M D Mallya, Mr.P K Gupta, Mr.Rajnish Kumar,
Mr.Sanjiv Malhotra, Mr.Sunil Mehta, Mr.V G Kannan,
Mrs.Arundhati Bhattacharya, Ms.Anjuly Chib Duggal.
Company has Varma & Varma as its auditors.As on 30-Sep2016, the company has a total of 7,631,141,682 shares
outstanding.
State Bank of India Share Holding
Category
No. of Shares
Percentage
Promoters
4,671,634,652
61.22
Financial Institutions
934,054,815
12.24
Foreign Institutions
726,647,693
9.52
NBFC and Mutual Funds
559,941,503
7.34
General Public
516,442,137
6.77
Others
219,607,974
2.88
2,812,908
0.04
Central Government
SHARE PRICES FOR
SEPTEMBER
Date
Open
High
Low
Close
Volume
- SPREAD (HighLow)
(OpenClose)
30-092016
246.10
252.50
245.60
250.70
1417765
6.90
-4.60
29-092016
254.95
256.75
243.50
247.15
1968079
13.25
7.80
28-092016
250.00
255.70
248.00
253.50
3346226
7.70
-3.50
27-092016
252.35
253.95
248.30
248.95
1840643
5.65
3.40
26-092016
254.40
254.40
250.65
251.65
2660045
3.75
2.75
23-092016
258.40
258.70
253.70
254.40
2274898
5.00
4.00
22-092016
257.00
258.35
255.20
257.35
3545874
3.15
-0.35
21-092016
254.50
256.00
250.75
251.35
3219387
5.25
3.15
20-092016
256.05
256.60
253.20
254.25
2128453
3.40
1.80
19-092016
255.50
258.30
255.15
255.65
2773389
3.15
-0.15
16-092016
257.35
261.90
253.60
254.40
1941142
8.30
2.95
15-092016
258.05
258.55
254.20
255.80
2156707
4.35
2.25
14-092016
254.25
258.00
253.15
257.60
964097
4.85
-3.35
12-09-16
257.70
258.85
251.70
252.70
1692033
7.15
5.00
09-092016
268.55
268.55
263.25
264.00
2728756
5.30
4.55
08-092016
268.00
271.55
266.90
267.95
2851299
4.65
0.05
07-092016
262.45
270.00
260.40
266.55
5797566
9.60
-4.10
06-092016
257.00
260.80
256.05
259.45
3123299
4.75
-2.45
02-092016
252.10
254.90
251.85
254.35
968151
3.05
-2.25
01-092016
252.45
254.65
251.00
251.75
1111984
3.65
0.70
FUTURE ESTIMATES
The 48 analysts offering 12 month price targets
for State Bank of India have a median target of 310.00,
with a high estimate of 360.00 and a low estimate of
177.00. The median estimate represents a 18.84%
increase from the last price of 260.85.
High
38.0%
Med
18.8%
Low
-32.1%
SPECIFIC NEWS
State Bank of India has informed BSE that the Committee of
Directors for Capital Raising of the Bank, in its meeting held on
November 24, 2016, has accorded its approval to fix the issue
Price at Rs. 269.59 per share of face value of Re.1/- each,
including a premium of Rs.268.59 per share per share and
accordingly, to issue 21,07,27,400 equity shares, ranking pari-
passu with the existing equity shares of the Bank, in all
respects, including payment of dividend, if any, on preferential
basis to Gol, for a consideration of Rs.5680,99,99,766.00
subject to the approval of Reserve Bank of India and
Government of India U/s 5(2) of the State Bank of India Act and
shareholders of the Bank in terms of the SEBI (Issue of Capital
and Disclosure Requirements) Regulations, 2009. 2. The price
for preferential issue has been arrived at in accordance with the
SEBI (Issue of Capital and Disclosure Requirements)
Regulations, 2009, taking into consideration the November 18,
2016 as the relevant date.
Ola teams up with SBI, PNB for setting up mobile
ATMs
After petrol pumps, cash can now be withdrawn by swiping debit
cards at select Ola cabs as India's largest ride-hailing service partners
with lenders like State Bank of India (SBI) and Punjab National
Bank to ease cash crunch.
SBI expects RBI nod on merger of associate banks
soon
State Bank of India (SBI) expects to soon receive RBI's approval for
the detailed merger plan of its associate banks. The detailed merger
plan, including financial implications, HR and asset-liability issues
are being vetted by the RBI, sources said, adding that the approval
from the central bank is expected anytime soon.
SBI to raise Rs 5,681 cr from preferential issue to
government
State Bank of India today said it will raise Rs 5,681 crore by issuance
of preferential shares to the central government, its majority
shareholder.
Demonetisation: SBI waives MDR on RuPay debit
cards
In the wake of demonetisation of Rs 500 and 1,000 notes, State Bank
of India waived merchant discount rate (MDR) on the RuPay Debit
Cards with immediate effect. The usage and awareness of electronic
and digital channels in rural and semi-urban areas is, however, low,
even though as a first step SBI has already opened more than 10 crore
FI (Financial Inclusion) accounts, with majority of the customers
having been issued RuPay Debit Cards, it said.
