SBI share price muted today after Q2; brokerages maintain target price

Quick Summary:

SBI share price, on the National Stock Exchange (NSE), rose 0.8 per cent to Rs 849.95 per share in the intraday trade.

Deposits grew 9 per cent Y-o-Y and 4 per cent Q-o-Q with strong current account savings growth of 13 per cent Q-o-Q.

SBI's Q2 slippages were lower sequentially (at Rs 4,900 crore or 0.6 per cent of loans), due to absence of seasonal agri stress which, coupled with better recovery/write-offs, led to a decline in gross and net non-performing asset ratios by 8bps and 4bps, respectively, to 2.1 per cent and 0.5 per cent.

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Category: BusinessFinance

Markets: IndiaMali

Topics: Sbi share price target 2024m sbi share news Sbi share price State bank of india Sbi share price nse Bse Sbi share rate Market news Markets Business standard Sbi share price today Sbi Sbi share result Nse Sbi share price target

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Article Type: News Report

Published On: 2024-11-11 @ 09:52:59 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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