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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Over a dozen debt-laden farmers have committed suicide in recent weeks in India, and discontent in many rural areas against government policies is turning into anger against Prime Minister Narendra Modi less than a year after he swept into office. Full Article