State Bank of India Buy Sell Tips Report Discussion
Like the international celebrity stands the mighty SBI (state bank of India). Internationally spread across the nooks and corners of India and abroad, SBI has 52 branches agencies and offices in thirty-two countries. Branches of the SBI are in Colombo Dhaka and Nepal, the nearest neighboring country from India. Abroad are Frankfurt, Hong Kong, Johannesburg, London and environs, Los Angeles, Male in the Maldives, Muscat, New York, Osaka, Sydney, and Tokyo. To add to its achievement it has offshore banking in Bahamas, Bahrain, and Singapore, and representative offices in Bhutan and Cape Town. According to Forbes the state bank of India is 29th most reputable company in the world.
SBI has due presence in Dubai International Financial Centre, and United Arab Emirates. Already having a branch in Shanghai, SBI plans to open up in Tianjin too. That clearly explains the economic strength of SBI. With over 16000 branches of SBI it has become the largest branch network in India. As per the annual reports, with an asset base of whooping two hundred and fifty billion dollar and one hundred and ninety-five billion dollar in deposit, it accounts for almost one-fifth of the national‘s loans.
In order to maintain its quality of service for short term and long term users and quick payment of money it has taken some stringent steps. It has reduced its unnecessary staff. The pay of the working staffs has been considerably increased. Proper computerization and security cameras have been placed, almost in every SBI. A few years back the company shares gave amazingly high returns to short term traders. It has attracted many to invest in it for long term benefits. People who have very little knowledge to buy or sell shares are also interested to gain some profit from the growth story of SBI. So, please be free in sharing your stock trading tips and opinions in this platform…
Related posts:
Sell SBI with intra-day target of Rs 2580 and stop loss of Rs 2640, says Rahul Mohinder, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 2627.80,, down 0.2% on the BSE.
Hold SBI with targets of Rs 2800 and 2900 in two years, says Avinash Gorakshakar of Anagram Capital on CNBC TV18. The stock is currently trading at Rs 2667, up 2.4% on the BSE.