Strong Quarter; Corporate Portfolio Concerns Priced in Valuations State Bank of India (SBI) has delivered an impressive performance in 2QFY20 with improving operating metrics, all-round improvement in asset quality, and increased prudential provisioning towards select standard stressed exposures. Healthy treasury gain and proceed from 4.5% stake sale in SBI Life (Rs35bn) aided its bottom-line and higher provisioning. CET 1 ratio rose by 47bps despite exclusion of 1HFY20 profit owing to lower RWA for consumer loans (ex CC receivables) and DTA reversal of Rs30bn over the period. The Bank continues to recognise taxes as per the old tax regime, as it is yet to decide whether to adopt new tax structure for FY20....