SBI investigates dark web leak of 3.8 lakh records
State Bank of India reported results.
· Economic Times Markets, ET Stocks
State Bank of India is currently investigating a suspected data breach involving customer information found online. The breach reportedly exposed around 375,000 records containing personally identifiable information. SBI activated protocols and engaged cybersecurity experts to assess the extent of the breach.
The analysis
Against that, the stock is +1.1% on the day at ₹973.70, and has returned -7.8% over three months. It sits 21% below its 52-week high. The banks sector has moved -6.0% over the same period, so State Bank of India is running 1.8 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, Financial Services.
In this story
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