Technical analyst Pankaj Jain of Satguru Capital maintained ‘hold’ rating on State Bank of India (SBI) stock.

According to analyst, the investors can buy the stock with a stop loss of Rs 2518.

Today, the stock of the bank opened at Rs 2580.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 3515 and a low of Rs 1890 on BSE.

Current EPS & P/E ratio stood at 159.26 and 16.39 respectively.

As per reports, SBI chairman OM Prakash Bhatt stated that his 8% teaser home loan plan is totally legal — with no threat to the system, banking institution or clients.

The central bank wanted higher provisioning from banking institutions for such type of loaning amounts, but Bhatt witnesses no logic in the demand mainly since the plan is completely transparent, and doing so would impact his bank’s bottomline and scrip rates in an adverse manner.

Besides, SBI and the Indian Army inked a MoU for providing a customized Salary Package to Army staff across the country at a formal function in the national capital.

State Bank of India has opened a new branch in Gambegre, the only C & RD Block of West Garo Hills.

Meghalaya Chief Minister, Dr. Mukul M Sangma kicked off the new division in the company of Mr. Saleng A Sangma, Parliamentary Secretary and other VIPs.