JPMorgan and Citi raised their target prices on State Bank of India after a broad-based June-quarter beat, citing stronger NIMs, loan growth, fee income and lower credit costs, while Bernstein retained its Market Perform rating.
Typhoon Dolphin, the strongest tropical cyclone to hit China so far in 2026, came ashore near Yuhuan in Zhejiang province at around 5:30 lm local time on August 9.
Scharf's appointment comes only months before the 2026 midterm elections, when the Trump administration could face intensified congressional scrutiny and legal challenges.
A change in borrowing preferences is emerging among customers seeking a few lakh rupees, with SBI saying the trend is beginning to affect its personal-loan business.
The lender reported a net profit of Rs 21,120 crore for Q1 FY27, up 10.2% YoY and around 15% ahead of Motilal Oswal's estimates, supported by healthy treasury income and controlled operating expenses.
