The bank is confident of sustaining loan growth at ~14-15% and NIMs at ~2.9-3% over the next couple of quarters. It does not expect a meaningful effect on margins in case of a shallow rate cut. We reiterate our Buy rating with an unchanged PT of Rs. 980, given steady growth outlook and healthy return ratios. Valuations have turned attractive after the recent correction. stock trades at 0.9x/0.7x its FY2026E/FY2027E core BV estimates. State Bank of India -11032025 -khan.khan: Buy Trade Watchlist Portfolio Message Set Alert live bselive nselive Volume Todays L/H More × Sharekhan’s research report on State Bank Of India. Click here for all recommendations. For all recommendations report, click here for the moneycontrol.com recommendations report. The views and investment tips expressed by investment experts/broking houses/rating agencies on money Control.com are their own, and not that of the website or its management. Money control.com advises users to check with certified experts before taking any investment decisions.