SBI share price jumps 10% in two days; should you buy into the biggest bank in India?
Curiously, SBI share price has just rallied another 6 per cent after a 4 per cent jump in the previous session even as the country's largest lender reported a record standalone net loss of Rs 7,718 crore in the fourth quarter ended March, mainly due to sharp rise in provisioning for bad loans.
SBI aims to grow loans at an annual average of 12 percent through March 2020. Image source: Reuters