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09-Aug2018

SBI spurts on launching digital initiative 'MOPAD'

State Bank Of India (SBI) is currently trading at Rs. 315.60, up by 6.95 points or 2.25% from its previous closing of Rs. 308.65 on the BSE.

The scrip opened at Rs. 313.00 and has touched a high and low of Rs. 318.50 and Rs. 310.10 respectively. So far 1267250 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 351.50 on 26-Oct-2017 and a 52 week low of Rs. 232.00 on 27-Apr-2018.

Last one week high and low of the scrip stood at Rs. 318.50 and Rs. 294.05 respectively. The current market cap of the company is Rs. 281659.98 crore.

The promoters holding in the company stood at 58.47%, while Institutions and Non-Institutions held 33.88% and 7.65% respectively.

SBI has launched one more digital initiative called MOPAD (Multi Option Payment Acceptance Device). It will enable customers to make payments through cards, Bharat QR, UPI and SBI Buddy (e-wallet) on a point of sale (PoS) terminal. It will also provide digital convenience to customers and ease of doing business for merchants at the same time.

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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