SBI overtakes TCS to become India’s fourth largest company as third-quarter rally sees jump in market capitalization

Leading public sector lender State Bank of India (SBI) has overtaken IT services firm Tata Consultancy Services (TCS) to become the country’s fourth-largest listed company by market capitalization, riding on a sharp post-earnings recovery and renewed optimism around public sector banks.SBI’s market capitalization now stands at almost Rs 10.92 lakh crore, compared to TCS at […]

SBI remains in focus after strong results in Q3FY26; Nuvama increases the target to Rs 1,250

Shares of State Bank of India (SBI), the country’s largest public sector lender, are expected to remain in focus during Monday’s trading session after a strong performance in the third quarter of FY26. The bank reported robust earnings growth, steady improvement in asset quality and healthy loan growth, prompting brokerage Nuvama Research to raise its […]

SBI Q3 results: Profit up 24% YoY to Rs 21,028 crore, NII up 9%

India’s largest public sector lender State Bank of India (SBI) on Saturday reported 24% year-on-year (year-on-year) growth in its standalone net profit of Rs 21,028 crore in the third quarter. Net interest income for the same period rose 9% year-on-year to Rs 45,190 crore.The company’s operating profit (before provisions and contingencies) grew 40% year-on-year to […]