SBI gains ahead of Sept qtr results

Wed Nov 7, 2012 2:56pm IST

People walk in front of a signboard displayed at the head office of State Bank of India in Mumbai November 9, 2009. REUTERS/Arko Datta/Files

People walk in front of a signboard displayed at the head office of State Bank of India in Mumbai November 9, 2009.

Credit: Reuters/Arko Datta/Files

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Reuters Market Eye - Shares in State Bank of India rise 2.4 percent on hopes of better-than-expected results and lower non-performing loans in the September quarter, with results due on Friday.

State Bank of India Chairman Pratip Chaudhuri said the bank's September quarter non-performing asset position looking better than the June quarter.

CLSA said in a report on Friday it maintains preference for corporate banks, including State Bank of India, which should benefit as asset quality concerns fade gradually.

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