Introduction:
SBI Group, India’s largest financial institution, offers a wide range of banking and financial services. As per the latest corporate shareholdings filed, SBI Group publicly holds 307 stocks with a net worth exceeding ₹891,703.2 Crores, showcasing its extensive market presence and influence.
ICRA Ltd:
On January 10, 2025, ICRA Ltd opened at ₹6082.00 and saw an intraday high of ₹6343.85 and a low of ₹5989.95. The stock closed at ₹6035.00, marking a 2.07% decrease from the previous close of ₹6162.85. The company’s market cap is ₹5824.52 crore.
ICRA saw a fresh stake acquisition of 2.5% by SBI Group in Q3 2024, with 238,760 shares valued at ₹146.8 crore. This highlights SBI’s focus on credit rating firms and analytical services, aiming to leverage the growing demand for credit assessment.
ICRA Ltd is a leading credit rating agency in India, providing independent and professional assessments of creditworthiness across diverse sectors. Established in 1991, it offers services such as credit ratings, research, and risk management. The company is a trusted partner for financial and business analytics.
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Max Financial Services Ltd:
On January 10, 2025, Max Financial Services Ltd opened at ₹1089.70, reached a high of ₹1090.65, and a low of ₹1075.05 before closing at ₹1078.00. This represents a 1.10% decrease from the previous close of ₹1089.95, with a market cap of ₹37,203.37 crore.
SBI Group acquired a 1.2% fresh stake in Max Financial, holding 4,052,333 shares worth ₹443 crore. This move underscores SBI’s interest in the insurance and financial services sector, which has significant potential for expansion in India’s growing economy.
Max Financial Services Ltd is a prominent player in the Indian financial sector, primarily focused on life insurance through its subsidiary, Max Life Insurance. Established in 1988, the company emphasizes customer-centric solutions, offering a range of financial products tailored to long-term wealth creation and risk management.
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Punjab National Bank Ltd:
On January 10, 2025, Punjab National Bank Ltd. opened at ₹101.73 and peaked at ₹101.88, but dropped to a low of ₹98.32 before closing at ₹98.75. This represents a 3.21% decline from its previous close of ₹102.03, with a market cap of ₹113,492.81 crore.
SBI Group took a new 1.7% stake in Punjab National Bank, holding 195,779,008 shares valued at ₹1,987.4 crore. This reflects SBI’s strategic focus on strengthening investments in the banking sector, targeting growth opportunities in India’s public-sector banking space.
Punjab National Bank (PNB), established in 1894, is one of India’s largest public sector banks. With a rich legacy, PNB provides comprehensive banking and financial services to individuals, businesses, and corporates. Its extensive network and digital solutions cater to diverse customer needs across the nation.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
