8legs: State bank of india

#1 out of 1

Key facts: State Bank of India shares rise 7% after record Q3 profit; Nitin Chugh relieved of duties

State Bank of India shares surged 7% to ₹1,137 after posting a record Q3 FY26 profit.
The bank announced Nitin Chugh is relieved of his duties as Deputy Managing Director.
Chugh’s contract was originally set to end on March 3, indicating a leadership transition.
The Q3 FY26 profit rose 24.5% year over year, contributing to the stock’s rise.
Traders reacted positively to SBI's quarterly performance, pushing the stock higher.
The report notes SBI posted a record quarterly profit for Q3 FY26.
The article links SBI’s strong earnings to a favorable year-on-year growth in profit.
No additional leadership changes beyond the deputy managing director appointment were detailed.
The report provides market context for SBI’s share price movement during the session.

Vote 0