State Bank of Bikaner & Jaipur has fixed October 20 as the record date for the purpose of sub-division/stock split of Rs 100 per share of the bank into the shares of Rs 10 each.

Last month, the bank increased its benchmark prime lending rate by 50 basis points to 14 percent in view of the increase in cash reserve ratio requirement, cost of funds and the overall economic scenario.

Many markets analysts during their recommendation call have stated that the counter is not a major player in the banking space and recently it has been beaten very badly in the market crash. So it will be better for investors to switch over to other better performing counters instead of this scrip.

The scrip of the company gained 5 per cent to Rs 3058 at the close of Friday's trading with over 1150 shares changing hands on the BSE.