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.