Brokerage firm UBS has upgraded its ratings on two of the largest PSU Bank stocks, State Bank of India Ltd. and Bank of Baroda Ltd. and raised their price targets by up to 22%. The brokerage has upgraded SBI to “neutral” and raised its price target to ₹840 apiece, implying an upside potential of 7.7% […]
SBI shares: India’s largest lender can gain another 25%, analysts say – CNBC TV18
Shares of State Bank of India Ltd. will be in focus during Friday’s trading session after the country’s largest lender reported a December quarter profit beat due to lower credit costs, but a miss on net interest margin (NIM) and operating expenses (opex). Company Value Change %Change SBI’s asset quality remained strong, with a quarter-on-quarter […]
How good will 2025 be for SBI shareholders? – CNBC TV18
State Bank of India (SBI) has had a strong year. As of December 11, 2024, its shares are trading at ₹866, up 41.5% from ₹612.25 a year ago. Shareholders of SBI have made more compared to benchmark indices like Nifty Bank (up 13% in the same period) and Nifty 50 (up 17-18%). Company Value Change […]
SBI remains a top pick for this brokerage: Key reasons behind the strong outlook – CNBC TV18
Global brokerage Jefferies has reiterated its positive outlook on State Bank of India (SBI), maintaining a “Buy” recommendation with a target price of ₹1,030 per share. The firm continues to see SBI as one of its top picks in the banking sector. This is backed by the bank’s resilient asset quality, strong earnings outlook, and […]
SBI shares among ‘top picks’ for Jefferies; Stock may jump as much as 22% – CNBC TV18
Shares of State Bank of India Ltd. will be in focus in Monday’s trade after the country’s largest lender reported mixed results for the September quarter. Global brokerage firm Jefferies maintained its ‘Buy’ recommendation on the stock and increased its price target to ₹1,030 from ₹1,000 earlier. The revised price target implies a potential upside […]
SBI shares to hit levels of ₹1,050? Here’s what a chartist has to say – CNBC TV18
Shares of State Bank of India Ltd., India’s largest lender, have corrected as much as 8% so far in the month of August. However, the PSU bank stock is expected to see its share price hit four digits in the next 12 months. If one can hold shares of the public sector lender SBI, for […]
Outgoing SBI Chairman Dinesh Khara’s Wish: Hope to see bank post ₹1 trillion profit after tax by FY25-end – CNBC TV18
State Bank of India (SBI) chairman Dinesh Khara said consistently high return of equity (ROE) gives him satisfaction. “We are maintaining, as against the guidance of 15%, we are now more than 20% ROE,” he said. He said SBI is also maintaining an excellent return on assets (ROA), which is more than 1.1% now. Khara […]
SBI Chairman: Not overtly concerned about RBI’s LCR paper; Q1 Slippages just ‘temporary aberrations’ – CNBC TV18
While SBI’s credit deposit ratio remains comfortable, chairman Dinesh Khara said, both the deposit growth and CASR ratio have been impacted as deposit accretion remains lower quarter-on-quarter. State Bank of India‘s chairman Dinesh Khara spoke to CNBC-TV18 on Saturday, August 3, after the lender reported its first quarter earnings. “When it comes to deposit growth, it […]