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SBI surges as CCI dismisses complaint against bank

State Bank of India (SBI) is currently trading at Rs. 257.60, up by 3.10 points or 1.22% from its previous closing of Rs. 254.50 on the BSE.

The scrip opened at Rs. 257.00 and has touched a high and low of Rs. 258.85 and Rs. 255.90 respectively. So far 557145 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 373.70 on 18-Jul-2019 and a 52 week low of Rs. 244.35 on 09-Oct-2019.

Last one week high and low of the scrip stood at Rs. 262.00 and Rs. 244.35 respectively. The current market cap of the company is Rs. 229585.63 crore.

The promoters holding in the company stood at 57.88%, while Institutions and Non-Institutions held 35.23% and 6.89% respectively.

The Competition Commission of India (CCI) has dismissed a complaint alleging that State Bank of India (SBI) abused its dominant market position in West Bengal. West Bengal-based Sainath Autolinks who is a dealer of Maruti Suzuki had filed the complaint against SBI.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

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