Business Standard

SBI drops ex-dividend

Image

Capital Market

Meanwhile, the S&P BSE Sensex was up 35.56 points or 0.18% at 20,066.33.

On BSE, 13,000 shares were traded in the counter as against average daily volume of 4.90 lakh shares in the past two weeks.

The stock hit a high of Rs 2,140 and a low of Rs 2,125.20 so far during the day.

Before turning ex-dividend, the stock offered a dividend yield of 1.91% based on the closing price of Rs 2,161.60 on Monday, 27 May 2013.

State Bank of India's (SBI) net profit fell 18.5% to Rs 3299.22 crore on 7% growth in total income to Rs 36330.87 crore in Q4 March 2013 over Q4 March 2012.

 

SBI is India's biggest commercial bank in terms of branch network. The Government of India (GoI) holds 62.31% stake in SBI (as per the shareholding pattern as on 31 March 2013).

Powered by Capital Market - Live News

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 28 2013 | 9:15 AM IST

Explore News