Stress on the asset quality front is at a multi-quarter low; bank ups PCR to 90 per cent
As the Sensex and Nifty scaled record peak, various stocks have entered the overbought condition of RSI.
Proforma net NPA ratio at 2.08 per cent indicates a reversal in easing of asset quality trend
As SBI Card is the largest pure credit-card issuer in India, analysts expect the company to grow faster than the sector average
SBI's share of loans under moratorium was the lowest among PSBs at 10 per cent; clearer picture on asset quality likely by December
Annual operating profit of Rs 60,000 crore good enough to absorb any increase in provisioning, while high growth potential subsidiaries to drive valuations
Besides asset quality improvement, management's positive commentary on loan growth and lower that expected moratorium book were key reasons behind the Street's excitement
Optimism on the stock is highest in 15 years; easing of corporate sector stress in Q3 gave the much-needed comfort
Brokers say many wanting get to their hands on the country's second-largest credit card company have bought shares of parent State Bank of India (SBI) from the secondary market in recent weeks.
State Bank of India posts record loss of Rs 77 bn in Q4
On NSE, the stock rose by 4.48% to close at Rs 312.50