Banking sector key to financing India's economic expansion: SBI chairman
State Bank of India set out an expansion.
· BS Companies
SBI Chairman C S Setty says stronger bank profitability, credit demand and asset quality give the sector greater capacity to support investment and India's next stage of…
The analysis
Against that, the stock is -1.6% on the day at ₹939.00, and has returned -7.4% over three months. It sits 24% below its 52-week high. The banks sector has moved -1.7% over the same period, so State Bank of India is running 5.7 points behind its peers.
For State Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is SBIN.
- Sector exposure: Banks.
- The immediate tone of coverage reads positive.
In this story
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