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Sensex, Nifty end flat ahead of Bihar election outcome
Shares of SBI ended higher after posting quarterly results. Commenting on the earnings, Amar Ambani, Head of Research, IIFL said, “SBI’s Q2 FY16 performance had quite a few positives in the form of acceleration in loan growth, stable NIMs and improvement in NPL levels. Slippages declined materially on sequential basis and stood at annualized 1.9% of advances. SBI remains our most preferred play within PSU Banks due to stronger loan profile, deposit franchise and capital position.”