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Bloomberg Quint
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SBI Gets UBS Upgrade, Target Price Hike On Multiple Positive Triggers
- State Bank of India (SBI) stock receives rating upgrade and price target hike by UBS
- UBS expects improved liquidity, income tax rebates, and 8th pay commission recommendations to boost SBI's loan and deposit growth
- SBI's cost of deposits expected to decrease slightly due to surplus liquidity
- SBI's loan growth estimates raised, credit cost estimate reduced by UBS
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