State Bank of India shares surged over 7%, marking its biggest single-day gain in 19 months following stronger-than-expected December quarter results. Analysts cited robust loan growth and outperformance against peers, leading to price target upgrades and bullish derivative positions, suggesting further upside potential.
Patchy rains may hit rural lending, banks stay cautious
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong