State Bank of India (SBI) shares surge to record high; check key details here

Shares of State Bank of India (SBI), the country's largest state-run lender, rose as much as 1.22% to hit a record high of ₹1,027.50 on the National Stock Exchange (NSE) on Tuesday, January 13. The bank's market capitalisation surged to ₹9.45 lakh crore and it became the country's sixth most valuable company with Reliance Industries being the most valuable company in India.

State Bank of India shares have handsomely rewarded investors as the stock has surged as much as 51% from its 52-week low of ₹680 it touched on March 3, 2025.

Meanwhile, State Bank of India shares were witnessing higher than usual trading activity in Tuesday's session as trading volume on the BSE spiked to 11.43 lakh shares compared with an average of 5.24 lakh shares traded daily in the past two weeks.

On the NSE, a total of 42.89 lakh shares worth ₹439.80 crore changed hands.

Last month SBI informed exchanges that the government extended tenure of its managing director Ashwini Kumar Tewari to December 31, 2027.

State Bank of India Q2 earnings

The country's largest lender in November last year reported a net profit of ₹20,160 crore in second quarter of current financial year, marking an increase of 10% from ₹18,331 crore in the same period last financial year.

Its Net Interest Income (NII) or the difference between interest earned on loans and expended on deposits rose 3% in July-September period to ₹42,984 crore from ₹41,620 crore in the year-ago period.

The bank’s Net Interest Margin (NIM) for the first half of the year stood at 2.93% for the whole bank and 3.05% for the domestic book.

SBI’s whole bank advances grew 12.73% driven primarily by domestic advances, which were up 12.32% annually. The foreign offices’ advances saw stronger growth of 15.04%.

Within the domestic portfolio, retail advances surged 15.09% led by SME loans which jumped 18.78%, followed by agriculture advances rising 14.23% and retail personal loans growing 14.09%. Meanwhile, corporate advances registered 7.10% rise.

As of 11:45 am, SBI shares traded 0.93% higher at ₹1,024.60, outperforming the NIFTY50 index which was down 0.2%.