November 7, 2012 / 9:28 AM / 5 years ago

SBI gains ahead of Sept qtr results

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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