SBI Share price: CLSA increases target on SBI to Rs 560 on strong Q3 FY21 numbers, calls it deep value opportunity
SBI Q3 FY21 performance was much better than expected, with Q3 FY21 gross slippages of just Rs 25 bn (<0.1% of loans) which is the best among banks under their coverage that have reported and now full-year slippages of 1.5% of loans is the lowest the bank would have seen in the last 15 years. SBI Share price closed at Rs 389.6, up Rs 6 or 1.55%.
SBI retail asset quality has been impeccable (<50bps credit costs) over the last decade and with the end of the corporate credit cycle: Reuters