SBI rebounds 5% from low post Q1 results; market-cap crosses Rs 4-trillion

The bank said slippages sttod at Rs 15,666 crore (2.47 per cent) in the June 2021 quarter, of which a significant amount has already been pulled back in July 2021

State Bank India (SBI) has joined the elite club of companies with Rs 4-trillion in market capitalization (market-cap) on the BSE, after its share price hit a new high of Rs 463.55, up 4 per cent in intra-day trade on Wednesday after the lender announced of its April-June 2021 quarter (Q1FY22) results. The stock of the country’s largest state-owned lender rebounded 5 per cent from its day's low of Rs 441.50.

The surge in the stock price of SBI has made the state-owned lender the fourth bank - after HDFC Bank, ICICI Bank and Kotak Mahindra Bank - to