SBI gains 8% from Friday's low on improved asset quality in Q4FY19

The stock was up 2 per cent at Rs 314 during early morning trade on Monday, rallying 8 per cent from its Friday's low of Rs 292 on the BSE.

Shares of State Bank of India (SBI) were trading 2 per cent higher at Rs 314 during the early morning trade on Monday, after the bank reported healthy March quarter numbers for 2018-19. The stock extended its Friday's gain of over 5 per cent as it witnessed buying interest after the bank reported improvement in asset quality during Q4FY19. 

The stock has rebounded 8 per cent from Friday’s low of Rs 292 on the BSE.

The bank’s gross non-performing assets (NPAs) ratio declined to 7.53 per cent against 8.71 per cent in the previous quarter and 10.91 per cent in