- 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.
- Shares of SBI can be purchased from
NSE(National Stock Exchange) and BSE(Bombay Stock Exchange) in India.
- Details regarding the stock price, PE ratio, previous closings and other
metrics that could help in judging the SBI stock can be found on BSE and
NSE-India website.
- SBI stocks are also listed on the London Stock Exchange. SBI is also listed on the Benchmark Indices of India like BSE Sensex and Nifty.
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