“Jefferies maintains a 'buy' rating on SBI with a target price of ₹1,320. The brokerage highlights the lender's robust asset quality and low credit costs. Investments in a collections platform are expected to aid expansion into self-employed lending segments, supporting growth in FY28-29. Core earnings estimates have been raised by 2-4%.”

Jefferies Analysis’s track record: 3 graded calls · 95% CI 44–100%