Public Sector Banking

Stock: State Bank of India – SBI (Nifty 50 / Nifty 200) What happened: SBI also received an S&P rating upgrade. Separately,

recently regained the “home-loan crown”, with the largest housing loan book in Q1 FY26, ahead of HDFC Bank. Why it matters: Housing credit leadership + improved rating = potential lower cost of funds + scale advantage, which can protect margins in a competitive cycle. Watch next: Mortgage growth, slippages in retail/MSME, and CASA (low-cost deposits).