SBI Share Price (State Bank Of India)

Share Price
882.50 (+0.13%)
52 Week High
912.00
52 Week Low
543.20
All Time High
912.00
Last Updated
18 July 2024

State Bank of India (SBI) is a government-owned public sector bank. It is the largest bank in India with the most number of branches, ATMs and customers.

The roots of State Bank Of India dates back to the 19th century when the Bank of Calcutta was established. This was one of the three Presidency banks of that time. The three banks had the right to issue paper currency until the launch of the Paper Currency Act in 1861. Post the act, the right was handed over to the Government. 

Later in 1921, the three Presidency banks amalgamated to form the Imperial Bank of India (IBI). The merger was a joint-stock company without the Government’s intervention. 

The stated provisions in the State Bank of India Act of 1955 made the Reserve Bank of India have the controlling power of the IBI. Later, in July, IBI was renamed as State Bank of India.

Subsequently, in 1959, adhering to the same Act (Subsidiary Banks), SBI made 8 banks of the princely states as its subsidiaries. At a later stage, the government integrated these banks into SBI to expand its rural outreach. 

In 1963, the State Bank of Jaipur and the State Bank of Bikaner merged into SBI.

Between 1969 and 1985, SBI made a series of acquisitions in order to rescue banks from their closure. It acquired 28 branches of the State Bank of Bihar, 24 branches of the National Bank of Lahore, and Krishnaram Baldeo Bank.

The procurement of the Bank of Cochin and State Bank of Travancore gave a massive edge to SBI in Kerala. These banks had huge local networks across the state. 

In 2008, the Government of India took over RBI’s stake in SBI to remove any conflict of interest as RBI was and is the country’s banking regulatory authority. 

Following this, a proposal to unite all seven associate banks to SBI popped up. This was in order to create a single very large bank and streamline the operations. The first step of this proposal was enforced on 8th August 2008, merging the State Bank of Saurashtra, and reducing the number of associate banks to six. 

In 2009, SBI acquired the State Bank of Indore. SBI had a stake of about 98%. This added 470 branches to SBI’s existing network. This came across as the biggest acquisition made by SBI. Also, post its acquisition SBI’s total assets hit close to ₹10 Trillion. The acquisition was completed by April 2010 and all the branches started functioning as SBI branches in August 2010.  

Among its many other achievements, SBI was listed in the Fortune 500 list among other big corporations across the globe in 2020. SBI was the only Indian bank on the list. 

SBI started its journey in the National Stock Exchange in 1994 and the Bombay Stock Exchange in 1995. 

SBI Share Price History

Year Share Price Gain / Loss
1994 ₹ 20.96
1995 ₹ 18.69 - 10.8%
1996 ₹ 22.05 + 18.0%
1997 ₹ 23.11 + 4.8%
1998 ₹ 14.87 - 35.7%
1999 ₹ 21.28 + 43.1%
2000 ₹ 18.17 - 14.6%
2001 ₹ 17.12 - 5.8%
2002 ₹ 26.67 + 55.8%
2003 ₹ 50.71 + 90.1%
2004 ₹ 61.51 + 21.3%
2005 ₹ 85.68 + 39.3%
2006 ₹ 117.51 + 37.1%
2007 ₹ 223.70 + 90.4%
2008 ₹ 128.88 - 42.4%
2009 ₹ 226.90 + 76.1%
2010 ₹ 281.90 + 24.2%
2011 ₹ 161.91 - 42.6%
2012 ₹ 238.55 + 47.3%
2013 ₹ 176.65 - 25.9%
2014 ₹ 311.85 + 76.5%
2015 ₹ 224.45 - 28.0%
2016 ₹ 250.20 + 11.5%
2017 ₹ 309.90 + 23.9%
2018 ₹ 295.90 - 4.5%
2019 ₹ 333.75 + 12.8%
2020 ₹ 274.95 - 17.6%
2021 ₹ 460.45 + 67.5%
2022 ₹ 613.70 + 33.3%
2023 ₹ 641.70 + 4.6%
2024 ₹ 882.50 + 37.5%

SBI Share Price Chart

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  • During 1994, the share price of State Bank of India was ₹ 20.96.
  • If you had bought shares worth ₹ 2500 in 1994, you would have 1193 shares today.
  • At the end of 2024, the current value of your shares would be ₹ 1052600.

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