SBI shares slump nearly 7% as weak margins and treasury income hit results hard

Two key earnings pressures pulled profits down

State Bank of India shares fell nearly 7%, the steepest single-day drop in two years, after softer-than-expected fourth-quarter earnings. Investors pointed to reduced net interest margins and lower treasury income as the main drag. Analysts warn the selloff may continue, though they see support around the ₹970 to ₹990 range.