India’s largest lender, State Bank of India (SBI) stock price touched a record high of Rs.408 after Q3 FY21 results. The bank reported a robust operating performance in a challenging environment. Robust deposit growth even at declining interest rates, healthy recovery in the retail loans portfolio, stable net interest margin and the improved asset quality are the key drivers for the profitability. Let’s delve deep and understand all these with a 5 point analysis.
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