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  5. SBI share price jumps over 3%: Here are key reasons behind the surge

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SBI share price jumps over 3%: Here are key reasons behind the surge

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By Upstox News Desk

3 min read | Updated on March 04, 2025, 17:08 IST

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SUMMARY

Shares of India’s largest PSU lender closed 3.03% higher during on Tuesday at ₹716.40 apiece on NSE. It was the biggest contributing scrip on the NIFTY50 index

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SBIN
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SBI shares also rose as the bank disinvested its entire stake in Jio Financial Services

SBI shares also rose as the bank disinvested its entire stake in Jio Financial Services

Shares of the State Bank of India saw an upward movement on Tuesday, March 4, after being under pressure from the past few sessions. Market investors showed some confidence in the scrip after the global broking firm Citi revised its outlook for the firm.
Citi double-upgraded State Bank of India (SBI) to a 'buy' from its previous 'sell' call. According to a Moneycontrol report, the broking firm highlighted that unsecured retail slippages are contained at 0.5%, while the SME-2 pool remains under control. Credit costs of SBI are also expected to stay below 50 basis points.

“Additionally, the restoration of risk weights on NBFC lending is projected to enhance SBI’s CET-1 ratio by 25-30 basis points. However, weak market sentiment and the looming possibility of an equity fundraise present near-term challenges,” the report further said.

Factoring in a 13-14% loan growth and controlled credit costs, Citi has also raised its earnings estimates for SBI by 1-2% for FY26-27.

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Shares of India’s largest PSU lender closed 3.03% higher during on Tuesday at ₹716.40 apiece on NSE. It was the biggest contributing scrip on the NIFTY50 index. The scrip had touched its 52-week low of ₹680 per share on Monday, March 3.

From March 4, 2024, till today, i.e., one year, SBI shares have tanked 7.27%. In six months, it lost 12.30%, and year-to-date, the stock is down 9.75%.

The bank’s market capitalisation stood at ₹6,39,359.78 crore.

SBI shares also rose as the bank disinvested its entire stake in Jio Financial Services.

“…the Executive Committee of the Central Board of Directors of State Bank of India approved the divestment of the bank’s entire stake, i.e., 7,90,80,000 equity shares at a price of ₹13.22 per equity share in Jio Payments Bank Limited to Jio Financial Services Limited, realising ₹104,54,37,600/-, subject to all regulatory approvals,” the bank said in an exchange filing on Tuesday.

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December quarter earnings

SBI had posted an 84.32% surge in its standalone profit after tax to ₹16,891.44 crore in the quarter ended December 2025. In the year-ago quarter, the net profit was ₹9,163.96 crore.

The net interest income (NII) increased 4% to ₹41,446 crore in the third quarter of the financial year 2024-25, compared to ₹39,815 crore in the corresponding period last fiscal.

The bank's total income advanced 8.69% to ₹1,28,467 crore in the December quarter of the current fiscal year against ₹1,18,193 crore in the same period a year ago.

Its gross non-performing assets (Gross NPA) ratio improved by 35 basis points to 2.07% in the quarter under review, compared to 2.42% a year earlier. In the previous quarter, the gross NPA was 2.13%.

The net non-performing assets (Net NPA) ratio improved by 11 basis points to 0.53% in Q3 FY25 as against 0.64% in the same period a year ago. In the previous quarter, the net NPA was 0.53%. Read more
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