SBI Share Price - State Bank Of India today Share Price in NSE & BSE - mymoneykarmaSBI Share Price
SBI is the largest public-sector lending bank. The stock prices of SBI are booming lately, but the bank keeps incurring losses. The reason for the ever-increasing stock prices and a large number of Non-Performing Assets(NPS) which result in a high level of loss is bad loans. The Chairman of State Bank of India, Rajnish Kumar targets the SBI share price to go up by 2020 and plans on reducing the amount of NPA down to 6% by then. This optimistic view also comes from the fact that the SBI share price has been shooting up irrespective of the bottlenecks faced by the bank.
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SBI Share Price: History and Trends
In comparison to the third quarter of Financial Year 2016-17, there was a drop in the net profit in SBI's share in the third quarter in 2017-18. In the first quarter of 2018-19, the largest lender in terms of assets, SBI, incurred a loss of 7718.17 crores. This could be attributed to the bad loans extended by the company.
The Gross Non-Performing Assets as a percentage of the total assets owned by the bank stood at around 10% in the first quarter of the current financial year. The total provisions for SBI exceeds its counterparts by more than six times; this could be one of the reasons why SBI share price has been touching all-time low levels. Investments in the SBI stock shares have declined over the years, the only time there was a steep increase in the buying of SBI stocks was back in 2014 when there was an SBI stock split which reduced the price of the SBI stocks outrageously.
In the last year, SBI stock prices have declined by more than 16%. After the government has announced the scheme of recapitalizing the NPA-ridden Public Sector Units in October 2017, the SBI stock price had plummeted by 40%. Soon enough, in the first quarter of 2018, SBI stock shares experienced the highest quarterly loss of 7,718.17 crores. The reasons for such high loss in the first quarter were attributed to the growth in corporate slippages, plummeting increase in NPAs and high levels of provisioning.
On NSE and BSE, SBI stocks started off trading for the first time on 1st of January 2016. However, in a few weeks, SBI share price declined substantially. In February 2016, SBI stock shares were trading at prices below 200 Rupees. Back in end-2014, SBI stocks closed at 2920.4 Rupees and it closed at 290 Rupees the very next day. This is attributed to the SBI stock split which occurred in November 2017. The stock value remained the same while the prices of each separate stock declined.
In February 2016, the SBI stock price reduced again hitting a low of 155 Rupees. The decline in stock value was attributed to the investors selling off most of the SBI stocks.
The implementation of RBI's Basel norms resulted in an increase in the SBI share price in March 2016.
A hefty amount of 500 Crore rupees were raised through Tier-2 bonds by SBI and the lending rates were based on a different methodology i.e, Marginal Cost of Fund Based Lending Rate or MCLR. This improved the sentiments of investors.
The SBI share prices decline to Rs. 180 in April 2016. The ups and downs seen in this particular quarter were not very dramatic even if the major decision of merging of five associate banks was taking by SBI.
In May, to improve the NPA condition within SBI, the bank announced to put a limit to the lending by large borrowers. The SBI stocks increased slightly to an average of 165 Rupees this month.
In the next month, there was an increase in the SBI stock price up to 202 Rupees.
In June, the merger of SBI with its five associates, the SBI market shares had improved drastically. The improvement in stock prices led to a high number of investors buying the shares which further ballooned the value of SBI stock to 215 Rupees
The merger of SBI with its associate banks further pushed the SBI stock value up to Rs.260 in August 2016.
The Central Government took a path-breaking decision of demonetization of the Indian currency on 8th November 2016. The advent of demonetization resulted in an increase in the SBI stock prices to a striking 281.30 Rupees but it came down in the closing month of the year to 249.75 Rupees.
In January 2017, the SBI shares remained steady at the 250 benchmark. But towards the end of the third quarter of 2017, the SBI stock prices hit an all-time high of 282.80 Rupees.
The merger of SBI with its associate banks was completed in June which resulted in an increase in the SBI stock prices to 290 Rupees.
The historical decision of dematerialization of NPAs in all Public Sector Banks including SBI came in May 2017. The expectations of the investors were improved and the SBi stock prices improved to a fifty-two week high of 304.90 Rupees. 270.45. The merger
By the end of July, SBI stock prices increased to a jaw-dropping value of 310. This happened majorly due to the approval of the Initial Public Offering of SBI Life Insurance.
The change in directorate further declined the value of SBI stock to decline to 270.45 even if the first quarter of FY 2018 announced a sizeable net profit accrued by SBI.
SBI stroke a deal with Escort for financing tractors which led to a recovery in prices by 3% in October. The recapitalization of Non-Performing Assets was also one of the reasons for the SBI share price reaching a level of 328.05 in October.
At the end of the year 2017, the SBI share price continued to remain at 300 Rupees and on the last day of the Year 2018, the share prices touched a point of 309 Rupees.
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