CMP: 2170

State Bank of India provides a wide range of banking and financial services to corporate, institutional, commercial, agricultural, industrial and individual customers throughout India. The Bank also provides international banking to its Indian customers and has operations in other countries.

SBI is a decent buy in banking space. Its currently trading at a P/E of 19 with good dividend yields of well over 1% in the last 12 months. Revenues have risen strongly from 39,500 Crores to 81,400 Crores in the last 5 years. Profits have risen from 4541 Crores to 8264 Crores in the last 5 years. NPM has dipped marginally from above 11% to 10% over the last 5 years. Buy and book profits when Nifty peaks.