“Mayank Jain is bullish on State Bank of India (SBI) for the long term, considering it the strongest PSU banking franchise due to its scale, balance sheet strength, and digital leadership. He notes improved asset quality with gross NPA at 1.49% and net NPA at 0.39%. Despite near-term caution due to margin pressure (NIM declined to 2.91%) and post-results selling, the stock holding above its 200-day SMA suggests the broader uptrend remains intact.”