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RBI call rings: SBI announces rates based on marginal cost
State-run lender SBI today announced a move towards marginal cost of funds based lending rates (MCLR), with effect from April 1, 2016, in line with a Reserve Bank policy that called for a shift to the new regime.
As per the new mechanism, SBI said its MCLR would range from 8.95 percent to 9.35 percent for loans of different tenors, ranging from overnight to three years .
SBI Stock Price
On March 30, 2016, State Bank of India closed at Rs 197.55, up Rs 0.00, or 0.00 percent. The 52-week high of the share was Rs 305.00 and the 52-week low was Rs 148.30.
The company's trailing 12-month (TTM) EPS was at Rs 16.01 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 12.34. The latest book value of the company is Rs 165.49 per share. At current value, the price-to-book value of the company is 1.19.