8 Indian Stocks that Foreign Investors Love


6) SBI

SBI (State Bank of India) is the oldest bank of India. SBI is India’s biggest banking and financial services firm and is head-quartered in Mumbai. Pratip Chaudhuri is the Chairman of SBI. SBI has more than 222,933 employees since 2011.

FIIs bought 634,999,595 shares of SBI in December, 2011, 634,998,115 shares in December 2010 and 634,880,222 shares in December 2009. Though the increase in FIIs is not much, growth is evident in the number of shares bought.

SBI registered a 12.34 percent year-on-year increase in net profit to 2,810 crore in the quarter ended September, 2011. A net profit of 2,501 crore was exhibited by it in the same quarter in 2010. NII increased by 28 percent (Y-o-Y) from 8,114 crore in 2010 to 10,422 crore in 2011