Latest News
State Bank of India
Source Name: State Bank of India

State Bank of India Approves Stock Split

Sep 25, 2014 00:45 IST 
India

The Central Board of the State Bank of India (SBI), at its meeting held on 24.09.2014, has approved to reduce the face value of equity shares of the bank from Rs 10 per share to Rs 1 per share and to increase the number of issued shares in proportion thereof.

Speaking on the development Ms. Arundhati Bhattacharya, Chairman of State Bank of India said, “The decision to split stock will enhance broader investor participation specifically retail participation and increase in demand will enhance P/E Ratio”.


 
 
For press background on State Bank of India

click here