State Bank of India traded at 1,066.40 this Friday February 6th, decreasing 7.10 or 0.66 percent since the previous trading session. Looking back, over the last four weeks, State Bank of India lost 5.88 percent. Over the last 12 months, its price rose by 44.66 percent. Looking ahead, we forecast State Bank of India to be priced at 1,056.90 by the end of this quarter and at 998.40 in one year, according to Trading Economics global macro models projections and analysts expectations.
State Bank of India is an India-based banking and financial services company. The Company’s segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Business. Treasury includes the investment portfolio and trading in foreign exchange contracts and derivative contracts. Corporate/Wholesale Banking comprises the lending activities of corporate accounts group, commercial client’s group and stressed assets resolution group that includes providing loans and transaction services to corporate and institutional clients. Retail Banking comprises of retail branches, which primarily includes Personal Banking activities including lending activities to corporate customers having banking relations with these branches. Other Banking Business segment includes the operations of all the Non-Banking subsidiaries/Joint Ventures other than SBI Life Insurance Co. Ltd. and SBI General Insurance Co. Ltd. of the group The Company has approximately 22,100 branches and 58,555 ATMs