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SBI Ranks 7th In Terms Of Market Capitalization

SBI ranked seventh in the league table of the companies with
highest market capitalization. It was not a part of the 10 mostvalued companies list at the beginning of the year because of bad
loans' concerns and decaying sentiment towards public sector
bank (PSB) stocks.
Despite weakness in the broader market, SBI has moved ahead
of HDFC, Coal India, Hindustan Unilever and Sun
Pharmaceutical. This year saw a sharp 16 per cent rally in its
share price. As a matter of fact, SBI has been one of the best performers in banking stocks
among Sensex constituents, which also has HDFC Bank, ICICI Bank and Axis Bank.
Since the beginning of the year, the lender has added Rs 28,000 crore in value crossing the
Rs 2 lakh crore market cap mark. After the recent demonetization move, shares of some of
the private sector banks have weakened. Analysts are of the view that SBI can benefit from
the demonetization drive, given the state-owned lender's wide reach. It will help SBI in
mobilizing
more
deposits,
helping
it
lower
the
cost
of
capital.

Current mcap
SBI

202,570

YTD change %
16.3

Rank
Current
7

Rank
start of the yr
11

As of now, SBI share price is quoting at Rs. 254.85, up by 0.51 per cent.
Meanwhile, SBI opened over 12,500 accounts during two-day special camps organized in
four states of Punjab, Haryana, Himachal Pradesh and Jammu and Kashmir.
The Chandigarh circle of the bank organized camps for the opening of accounts at 405
locations in these states on November 26 and 27.
Over 12,500 accounts were opened over the long weekend. Most of the new customers
attained comprised workers from the unorganized sector, wage earners, women and students.
All the new accounts were seeded with Aadhaar and Mobile numbers.

it said. associate company. Disclaimer The investment advice or guidance provided by way of recommendations. Do not have any other material conflict of interest at the time of publication of the research report Have not received any compensation from the subject company in the past twelve months Have not managed or co-managed public offering of securities for the subject company. Have not received any compensation for brokerage services or any products / services or any compensation or other benefits from the subject company. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision. It is also engaged in Investment Advisory Services and Portfolio Management Services. SEBI. reports or other ways are solely the personal views of the research team. Bank plans to double the number of such Micro ATMs during December 2016. director or employee of the subject company Article Written by Madhurima Chowdhury . Dynamic Equities Pvt.All the Customer Service Points (CSPs) run by its Banking Correspondents (BCs) were involved in the two-day long account opening campaign. We declare that our activities were neither suspended nor we have defaulted with any stock exchange authority with whom we are registered. Dynamic Commodities Pvt.: INA300002022 Disclosure Dynamic Equities Pvt.. MCX SX and a DP with NSDL & CDSL. Ltd.SEBI Investment Advisory Reg. the bank has also installed 645 Micro ATMs at CSPs. nor engaged in market making activity for the subject company Have not served as an officer. especially in rural and semi-urban areas. Ltd. Exchanges and Depositories have conducted the routine inspection and based on their observations have issued advise letters or levied minor penalty on for certain operational deviations. Ltd . The micro ATMs provide instant cash payment. Just to serve target segments better through its BC Channel. BSE. which includes far-flung hilly terrains. Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst: DYNAMIC/its Associates/ Research Analyst/ his Relative:       Do not have any financial interest / any actual/beneficial ownership in the subject company. is a member of MCX & NCDEX. No. Dynamic Levels has identified SBI as one of the top 500 performing stocks for this quarter. is a member of NSE. Even customers of other Banks can also be made using the micro ATMs through Rupay and debit cards.