SBI stock surges 3.7% on hopes that worst on NPAs is behind

State Bank of India posts record loss of Rs 77 bn in Q4

Mumbai: The markets shrugged off SBI’s massive quarterly loss after the bank’s chairman, Rajnish Kumar, said the worst on bad loans was behind the lender. The bank’s stock went up 3.7 per cent. While some financial parameters worsened, other key data points showed an improvement. 

For instance, there was a sharp fall in overall stressed assets (watch list, net NPA, etc) to 6.7 per cent of advances in Q4 from 8.5 per cent in the December quarter (Q3) with no outstanding in various restructuring buckets such as SDR and S4A.