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The bank holds a 7.15% stake or 9,81,00,740 shares in SEPC. Post selling the stake, the PSU bank holds a 4.97% stake or 6,81,85,152 shares of SEPC.
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. As of 31 September 2023, the Government of India held 57.49% stake in the bank.
The largest PSU bank’s standalone net profit increased 8.03% to Rs 14,330.02 crore in Q2 FY24 on 26.41% jump in total income to Rs 1,12,169.43 crore in Q2 FY24 over Q2 FY23.
The scrip rose 0.15% to Rs 559.95 on the BSE.
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