
SBI share surges 4% post Q4; analysts see up to 51% upside
Post Q4 results, most analysts have maintained a 'buy' rating on SBI shares, with a potential upside of 51% from current market price.
Post Q4 results, most analysts have maintained a 'buy' rating on SBI shares, with a potential upside of 51% from current market price.
Post Q4 results, SBI share price plunged 7.75% from the day’s high as top and bottom line growth failed to meet market estimates.
The bank's net interest income (NII) jumped 15% year-on-year to ₹31,198 crore in Q4.
With market capitalisation of ₹4,83,680 crore, ICICI Bank has become the second-most valuable Indian bank after HDFC Bank.
The public sector lender will raise the long-term funds in single or multiple tranches in U.S. dollar or any other convertible currency.
The country’s largest lender is on a digital overswing. The results speak for themselves.
The three-year syndicated loan facility is for $400 million, with a green shoe-option of $100 million, says SBI.
State Bank of India has acquired a 7.84% stake in Open Network for Digital Commerce (ONDC) for consideration of ₹10 crore.
All the sectoral indices , barring power, ended in the red; realty and PSU indices declined the most.
State Bank of India has hiked interest rates on fixed deposits across various tenors.