NSE: SBIN · 3 November 2026
- State Bank of India (SBIN) shares moved lower on Tuesday, trading down 1.70% at ₹970.25 by the close after touching an intraday high of ₹1006.15 and a low of ₹961.55.
- State Bank of India issued an update concerning an incident involving the loss of certain customer data after receiving alerts from CERT-In and the Defence Cyber Agency regarding data exposure on the dark web. Out of approximately 375,000 preliminary records, 3,897 customer records containing Personally Identifiable Information were identified, and an independent CERT-In-empanelled cybersecurity agency was engaged. The bank noted that the incident has no material impact on core business operations or financial performance.
- Trading volume was 3.04 times the 20-day average daily volume.
Why is State Bank Of India share price falling on 3 November 2026?
State Bank of India (SBIN) shares moved lower on Tuesday, trading down 1.70% at ₹970.25 by the close after touching an intraday high of ₹1006.15 and a low of ₹961.55.
While the broader Nifty index advanced 1.58% and the 5-day return stood positive at 2.66%, State Bank of India experienced intraday profit-taking following its recent ascent.
The price movement coincided with the release of the bank's financial results for the quarter ended September 30, 2026, filed earlier in the day. State Bank of India reported a standalone net profit of ₹23,038 crores, marking a 14.28% increase year-on-year, alongside a net interest income of ₹49,143 crores which climbed 14.69% compared to the same period last year.
2.76 crore shares traded by 3 November 2026 · 03:25 PM IST. This compares with a 20-day average daily volume of 90.78 lakh shares (3.04 times). The five-day average daily volume was 94.47 lakh shares. Separately, the NSE report for 2 November 2026 showed 52.73 lakh shares delivered, representing 53.10% of that day’s traded volume. The same report recorded 172,909 trades.
State Bank of India shares pulled back 1.70% despite reporting a 14.28% rise in net profit to ₹23,038 crores for the September quarter. The decline appears driven by profit-taking following strong gains in preceding trading sessions, accompanied by heavy volume at 3.04 times the 20-day average.
Latest Company Developments
State Bank of India issued an update concerning an incident involving the loss of certain customer data after receiving alerts from CERT-In and the Defence Cyber Agency regarding data exposure on the dark web. Out of approximately 375,000 preliminary records, 3,897 customer records containing Personally Identifiable Information were identified, and an independent CERT-In-empanelled cybersecurity agency was engaged. The bank noted that the incident has no material impact on core business operations or financial performance.
Informs stakeholders regarding cybersecurity measures and reassures continuity of core banking operations.
a press release dated August 07, 2026, titled "Press Release on the Financial Results for the Quarter ended 30.06.2026".
Ownership & Transaction Activity
Mutual Fund Holdings
Mutual funds held 13.68% on 30 September 2026. This compares with 13.61% on 30 June 2026, a change of +0.07 percentage points.
The filing reported 76 MF/UTI holders.
Research & Brokerage Views
Maintained a positive outlook on the back of robust loan growth trajectory and stable asset quality metrics.
Recommended a buy rating supported by strong franchise reach, high provision coverage, and improving operating leverage.
Highlighted strong balance sheet compounding and steady retail asset growth as key drivers for valuation upside.
What to Watch Next
- Management commentary and analyst meet outcomes following the Q2 financial results announcement.
- Delivery volume trends and cash market participation relative to the 20-day average volume.
- Asset quality trajectory, credit cost evolution, and domestic net interest margin performance.
- Progress on digital adoption metrics including YONO registrations and alternate channel transaction shares.
Other Dated Coverage
- State Bank Of India Share Price Today: Why SBIN Is Rising 0.73% | 22 October 2026 — 22 October 2026
- State Bank Of India Share Price Today: Why SBIN Is Rising 0.44% | 21 October 2026 — 21 October 2026
More State Bank Of India news and dated analysis →
Frequently Asked Questions
What is the latest State Bank Of India company news?
State Bank of India issued an update concerning an incident involving the loss of certain customer data after receiving alerts from CERT-In and the Defence Cyber Agency regarding data exposure on the dark web. Out of approximately 375,000 preliminary records, 3,897 customer records containing Personally Identifiable Information were identified, and an independent CERT-In-empanelled cybersecurity agency was engaged. The bank noted that the incident has no material impact on core business operations or financial performance.
How strong was State Bank Of India’s trading volume?
2.76 crore shares traded, 3.04 times the 20-day average daily volume. The price and volume data are dated 3 November 2026 · 03:25 PM IST.
Do the mutual-fund figures show buying today?
They show holdings on 30 September 2026. Quarterly holdings do not identify purchases made on the article date.
Research & analysis: WittyTrades Research Desk
Reviewed by: Mohanish Sanghavi — SEBI Registered Research Analyst
Disclaimer: Investments in securities markets are subject to market risks. Registration with SEBI and NISM certification do not guarantee performance or returns. This article is for information and education, not personalised investment advice or a recommendation to buy, sell or hold.