Monday, May 16, 2016

Do You Know?
State Bank of India Ltd is an Indian multinational, public sector banking and financial services company. It is India’s largest commercial bank.

Founded in 1806, Bank of Calcutta was the first Bank established in India and over a period of time, evolved into State Bank of India Ltd (SBI). SBI represents a sterling legacy of over 200 years. It is the oldest commercial Bank in the Indian subcontinent, strengthening the nation’s trillion-dollar economy and serving the aspirations of its vast population. The Bank is largest commercial Bank in terms of assets, deposits, profits, branches, number of customers and employees, enjoying the continuing faith of millions of customers across the social spectrum. Its banking activities include Personal Banking, Agricultural/Rural, NRI Services, International Banking, Corporate Banking and Services. 

State Bank of India is a regional banking behemoth and has 20% market share in deposits and loans among Indian commercial banks.As of 2014-15, it has assets of Rs.20,48,080 crores and more than 14000 branches, including 191 foreign offices spread across 36 countries, making it the largest banking and financial services company in India by assets. 

The Book Value of the shares of the company is Rs.165.49 and it has an EPS of Rs.160. This gives the fair value of the scrip as Rs.225-250, with suitable discounts. Therefore, buy the shares of SBI at Rs.176, for short term targets of Rs.225-250. 



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