Taming Inflation: SBI Chair Throws Weight Behind 50-Bps Rate Hike In December
State Bank of India moved higher in a monetary policy development.
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Setty said SBI has no plans to sell its stake in YES Bank at present. He also said the bank is being selective in its exposure to data centre companies, adding that the portfolio remains relatively small.
The analysis
Against that, the stock is -1.7% on the day at ₹970.25, and has returned -7.2% over three months. It sits 21% below its 52-week high. The banks sector has moved -7.4% over the same period, so State Bank of India is running 0.2 points ahead of 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.
Why it matters
- Rate decisions ripple straight into banks, NBFCs and every rate-sensitive sector — from real estate to autos.
Market context
- In focus: State Bank of India (SBI) (SBIN), in Banks.
- On the day, 0 of 2 are higher: Yes Bank leads at -1.2% and State Bank of India (SBI) trails at -1.7%.
- Over three months: State Bank of India (SBI) -7.2% against Banks -7.4% (0.2 points ahead); Yes Bank -33.1% against Banks -7.4% (25.7 points behind).
- At least 25% below the 52-week high: Yes Bank (40%).
- Trading well above normal today: State Bank of India (SBI) at 2.8 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| State Bank of India (SBI)SBIN · Banks | ₹970.25 | -1.7% | +1.7% | -7.2% | -21.0% | 2.8× | — |
| Yes BankYESBANK · Banks | ₹15.38 | -1.2% | -25.9% | -33.1% | -39.6% | 1.1× | — |
Banks
1M -2.7% · 3M -7.4%
State Bank of India (SBI), Yes Bank
Prices as of 3 Nov 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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