The decision came after the government, last week said it will infuse Rs 2,970 crore into the country's largest lender under its Rs 11,200 crore capital infusion plan for public sector banks announced in the Budget for 2014-15.
State Bank of India (SBI) today said its board has decided to issue equity shares worth Rs 2,970 crore to the government on preferential basis.
The decision came after the government, last week said it will infuse Rs 2,970 crore into the country's largest lender under its Rs 11,200 crore capital infusion plan for public sector banks announced in the Budget for 2014-15. "The board has decided to create, offer and issue equity shares of Rs 1 each, ranking pari-passu with the existing equity shares of the bank in all respect including payment of dividend , by way of preferential issue to the government, subject to the regulatory approvals," the bank said in a filing to the stock exchanges.
The board has also decided to seek approval of the government and Reserve Bank to increase the issued capital by raising additional equity share capital up to Rs 2,970 crore by way of the preferential issue. In the third quarter ended December 31, SBI's net profit jumped 30 per cent to Rs 2,910 crore from Rs 2,234 crore in the year-ago period. Gross non-performing assets improved to 4.90 per cent from 5.73 percent, while net NPAs stood at 2.80 per cent as against 3.24 per cent.
SBI stock price
On February 13, 2015, State Bank of India closed at Rs 307.05, up Rs 22.65, or 7.96 percent. The 52-week high of the share was Rs 2977.85 and the 52-week low was Rs 276.00.
The company's trailing 12-month (TTM) EPS was at Rs 15.70 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 19.56. The latest book value of the company is Rs 158.43 per share. At current value, the price-to-book value of the company is 1.94.
Anda sedang membaca artikel tentang
SBI to issue equity shares worth Rs 2,970 cr to govt
Dengan url
http://gayafashionshow.blogspot.com/2015/02/sbi-to-issue-equity-shares-worth-rs.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
SBI to issue equity shares worth Rs 2,970 cr to govt
namun jangan lupa untuk meletakkan link
SBI to issue equity shares worth Rs 2,970 cr to govt
sebagai sumbernya
0 komentar:
Posting Komentar