SBI shares hit asset quality worries

Shares in State Bank of India fall 1.2 percent on concerns of a potential increase in bad loans in the July-September quarter,after other state-run banks such as Punjab National Bank and Indian Overseas Bank posted a surge in non-performing assets.

Punjab shares fall 6.1 percent after reporting a rise in net NPAs in the July-September quarter to 2.69 percent.

IOB shares fall 6.4 percent after also reporting higher NPAs in the previous quarter.

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