State Bank of India gains; Deutsche upgrades to 'buy'

Reuters Market Eye - State Bank of India gains more than 1 percent after Deutsche Bank upgrades the stock to "buy" from "hold", saying SBI will benefit from improving economy in terms of slippages, credit costs and non-performing loans.

SBI is addressing concerns about costs and managing liabilities and margins, Deutsche adds.

(Reporting by Abhishek Vishnoi)