INSUBCONTINENT EXCLUSIVE:
SBI share price: On the NSE, SBI shares ended 7.70 per cent lower at Rs 279.30 apiece.State Bank of India or SBI shares on Wednesday ended
7.33 per cent lower at Rs 280.15 apiece on the Bombay Stock Exchange (BSE), a day after Morgan Stanley downgraded the stock to equal-weight
from overweight with target at Rs 330 per share
On the National Stock Exchange (NSE), SBI shares ended 7.70 per cent lower at Rs 279.30 apiece
The brokerage firm, however, raised FY21 - F22 earnings per share (EPS) estimates by 5 per cent each, adding that tax rate cut outweighs
lower margins.Earlier this week, SBI said that it would adopt the repo rate as external benchmark for all its floating rate-based loans from
The bank - which had introduced floating rate-based home loans from July 1, 2019 - said it has made some modifications in the scheme
effective October 1, 2019, to comply with the latest regulatory guidelines.In April-June quarter, SBI reported net profit of Rs
2,312.20 crore, compared with loss of Rs
17,335.84 crore in the previous quarter and Rs
13,037.90 crore in the year ago period.Get Breaking news, live coverage, and Latest News from India and around the world on
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