SBI block deal: BNP Paribas to buy 5.28 lakh shares in a Rs 64 crore deal

French multinational bank BNP Paribas on Friday bought 5.28 lakh shares worth Rs 64 crore in State Bank of India (SBI) through a block deal. The seller in the deal was Societe Generale.The shares were bought through its investment arm BNP Paribas Financial Markets at a price of Rs 1,204 each versus Thursday’s closing price of Rs 1,209.50. Today, SBI shares ended at Rs 1,201.80, down 0.64% from the previous close.

SBI shares have rewarded investors with returns of nearly 70% in the last twelve months, significantly outperforming Nifty’s 12% and BSE Sensex’s 9% returns. According to Trendlyne, the shares are currently trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 1,073 and Rs 911, respectively.SBI recently overtook IT vendor Tata Consultancy Services (TCS) to become India’s fourth-largest company by market capitalization, with a valuation crossing Rs 11 lakh crore. The only companies ahead of SBI are Reliance Industries, HDFC Bank and Bharti Airtel.

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SBI reported 24% YoY (YoY) growth in standalone net profit at Rs 21,028 crore in the third quarter, while net interest income (NII) rose 9% YoY to Rs 45,190 crore in the quarter under review.

Profit reported during the quarter was the highest ever for the bank, thanks to healthy loan growth. The lender’s net interest margin stood at 2.99% in Q3FY26, while domestic net interest margin stood at 3.12%. For the nine months ending December 2025, the domestic NIM was 3.08%.

Asset quality continued to improve, with the gross NPA ratio declining to 1.57%, down 50 basis points year-on-year. The net NPA ratio improved to 0.39%, down 14 basis points.

The provision coverage ratio, including AUCA, was 92.37%, while the PCR excluding AUCA was 75.54%. The slippage ratio for the quarter remained limited at 0.40%, and credit costs stood at 0.29%.

Also read: SBI’s 70% rally narrows valuation gap with HDFC Bank and ICICI – buy, hold or book profits?

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