Brokerage firm Macquarie has upgraded State Bank of India (SBI) to 'Outperform' from 'Underperform'. The brokerage has raised its price target on SBI to ₹1,150, implying an upside of 15% from Friday's closing price.
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CNBC TV1809-02-2026, 14:49

SBI Raises FY26 Credit Growth Guidance to 13-15% Amid Strong Demand: CS Setty

  • SBI Chairman CS Setty announced an increased credit growth guidance for FY26 to 13-15% from 12-14%.
  • The bank expects sustained growth momentum driven by broad-based demand across corporate, retail, agriculture, and MSME segments.
  • Corporate credit is projected to maintain double-digit growth, while RAM (Retail, Agriculture, MSME) remains a key driver.
  • SBI reported a net profit of ₹21,028 crore in Q3FY26, with Net Interest Income (NII) up 9.04% YoY to ₹45,190 crore.
  • Improved trade deals, budget announcements, and monetary policy measures are seen as positive factors for growth.

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