State Bank of India (OTCMKTS:SBKFF – Get Free Report) shares dropped 2.4% on Thursday . The stock traded as low as $107.81 and last traded at $107.81. Approximately 1,045 shares traded hands during mid-day trading, an increase of 139% from the average session volume of 438 shares. The stock had previously closed at $110.4325.
State Bank of India Stock Performance
The company’s 50-day simple moving average is $107.36 and its 200 day simple moving average is $113.31.
About State Bank of India
State Bank of India (OTCMKTS: SBKFF) is India’s largest public sector bank and one of the country’s oldest financial institutions. Tracing its roots to the early 19th century as the Bank of Calcutta, it was reorganized as the Imperial Bank of India in 1921 and later nationalized and renamed in 1955 by the Government of India. Headquartered in Mumbai, the bank serves as the flagship entity of the State Bank Group, which includes several regional and associate banks consolidated under its umbrella.
The bank offers a comprehensive suite of financial products and services that span retail banking, corporate banking, and treasury operations.
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