 "SBI")
India's largest public sector bank, State Bank of India (SBI), is firming its position as analysts' favourite in the banking sector amid the Covid-19 pandemic. Despite the potential instability in the financial sector due to fear of spurt in non-performing assets (NPA), global brokerage CLSA sees SBI as "a deep value opportunity", as it believes the bank is relatively better positioned on asset quality post Covid-19, and is driven by high government / PSU share in loan book.
In a report dated August 20, CLSA upped the target price on the stock to Rs 310, translating into 59.2 per cent
