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    SBI Ranks 7th

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    Dynamic Levels
    SBI ranked seventh in terms of market capitalization, moving up from eleventh at the start of the year. Its share price rallied 16% this year, outperforming other banks on the Sensex. SBI added Rs. 28,000 crore in market value, crossing Rs. 2 lakh crore, benefiting from the government's demonetization policy which is expected to increase deposits and lower SBI's cost of capital due to its wide reach. SBI opened over 12,500 accounts over a two-day period in four states, targeting workers, women, and students, and seeded the accounts with Aadhaar and mobile numbers.

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    SBI Ranks 7th

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    Dynamic Levels
    130 views2 pages
    SBI ranked seventh in terms of market capitalization, moving up from eleventh at the start of the year. Its share price rallied 16% this year, outperforming other banks on the Sensex. SBI added Rs. 28,000 crore in market value, crossing Rs. 2 lakh crore, benefiting from the government's demonetization policy which is expected to increase deposits and lower SBI's cost of capital due to its wide reach. SBI opened over 12,500 accounts over a two-day period in four states, targeting workers, women, and students, and seeded the accounts with Aadhaar and mobile numbers.

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    SBI Ranks 7th

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    SBI ranked seventh in terms of market capitalization, moving up from eleventh at the start of the year. Its share price rallied 16% this year, outperforming other banks on the Sensex. SBI added Rs. 28,000 crore in market value, crossing Rs. 2 lakh crore, benefiting from the government's demonetization policy which is expected to increase deposits and lower SBI's cost of capital due to its wide reach. SBI opened over 12,500 accounts over a two-day period in four states, targeting workers, women, and students, and seeded the accounts with Aadhaar and mobile numbers.

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    130 views2 pages

    SBI Ranks 7th

    Uploaded by

    Dynamic Levels
    SBI ranked seventh in terms of market capitalization, moving up from eleventh at the start of the year. Its share price rallied 16% this year, outperforming other banks on the Sensex. SBI added Rs. 28,000 crore in market value, crossing Rs. 2 lakh crore, benefiting from the government's demonetization policy which is expected to increase deposits and lower SBI's cost of capital due to its wide reach. SBI opened over 12,500 accounts over a two-day period in four states, targeting workers, women, and students, and seeded the accounts with Aadhaar and mobile numbers.

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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.

    All the Customer Service Points (CSPs) run by its Banking Correspondents (BCs) were
    involved in the two-day long account opening campaign. Just to serve target segments better
    through its BC Channel, the bank has also installed 645 Micro ATMs at CSPs, especially in
    rural and semi-urban areas, which includes far-flung hilly terrains, it said. The micro ATMs
    provide instant cash payment. Even customers of other Banks can also be made using the
    micro ATMs through Rupay and debit cards. Bank plans to double the number of such Micro
    ATMs
    during
    December
    2016.
    Dynamic Levels has identified SBI as one of the top 500 performing stocks for this quarter.

    Disclaimer
    The investment advice or guidance provided by way of recommendations, reports or other ways are solely the personal views of the research
    team. Users are advised to use the data for the purpose of information and rely on their own judgment while making investment decision.
    Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022

    Disclosure
    Dynamic Equities Pvt. Ltd. is a member of NSE, BSE, MCX SX and a DP with NSDL & CDSL. It is also engaged in Investment Advisory
    Services and Portfolio Management Services. Dynamic Commodities Pvt. Ltd., associate company, is a member of MCX & NCDEX. We
    declare that our activities were neither suspended nor we have defaulted with any stock exchange authority with whom we are registered.
    SEBI, 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.
    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.
    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, nor engaged in market making activity for the subject company
    Have not served as an officer, director or employee of the subject company

    Article Written by
    Madhurima Chowdhury

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