The stock was up 25 to Rs 281, trading at its highest level since February 16, 2018. Shares of State Bank of India (SBI) hit an over three-month high of Rs 281 per share, up 2% on the BSE, extending their 2% gain in past two days, after a media report suggested that the country's largest lender is looking at recovering more than Rs 400 billion of its stressed assets in the current fiscal.
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SBI reports bad loan divergence of Rs 11,932 crore for FY19. SBI also reported divergence of Rs 12,036 crore in provisioning for the financial year ended March 2019. Stock Broker
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