State Bank of India Stock Update: Shares See Marginal Dip on Data Leak News
State Bank of India (SBIN) share price is trading at ₹962.60, down -0.04%, as the bank confirms a data leak involving customer records; however, the bank states no material impact on operations.
State Bank of India (SBIN) shares are currently trading with a slight negative bias this Thursday morning, with the stock quoted at ₹962.60, a marginal decrease from its previous close of ₹963.00. Opening higher at ₹959.55, the counter touched an intraday high of ₹968.40 before retreating to a low of ₹950.05. The current decline stands at -0.04%, indicating a largely flat to slightly weaker session for the banking heavyweight. Volume, recorded at 1,663,905 shares, appears subdued compared to typical daily averages, suggesting a lack of strong conviction behind today's muted price action.
| SBIN – Stock Updates as of (10:49AM, 22 Oct 2026) | |||
LTP ₹962.60 | Open ₹959.55 | High ₹968.40 | Low ₹950.05 |
52W High ₹0.00 | 52W Low ₹0.00 | Volume 1,663,905 | % Chg -0.04% |
52-Week Context
While specific 52-week high and low data are currently unavailable for direct comparison, State Bank of India's stock has shown some positive momentum recently, gaining 2.0% over the last seven days. The current trading level of ₹962.60 sits comfortably below the average analyst target price of ₹1234.62, which suggests a significant upside potential of over 28% from the last closing price of ₹963, according to a consensus of 19 reports from 9 analysts. This broader positive sentiment from analysts indicates that the stock is not currently challenging its annual peaks and still holds considerable room for growth based on expert projections.
Latest Developments
The primary news influencing State Bank of India shares in the past 24 hours stems from the bank's confirmation of a data leak. On October 21, 2026, SBI disclosed that 3,897 customer records containing personally identifiable information (PII) were discovered on the dark web. The exposed information reportedly includes registered mobile numbers, dates of birth, names, gender, email and residential addresses, branch and CIF identifiers, and metadata linked to loan and lead records. However, SBI has clarified that sensitive data such as account numbers, balances, passwords, one-time passcodes, and card details were not compromised. The bank has activated its incident response procedures and engaged an independent cybersecurity firm to investigate the extent and authenticity of the exposure. Importantly, SBI has stated that the incident is not expected to have any material impact on its core business operations, financial performance, or business continuity, with customer balances remaining safe. Despite the negative optics of a data breach, the market's reaction appears contained, reflecting the bank's assertion of no material financial or operational impact. Separately, the broader Indian banking sector is seeing increased activity, with banks opening up for over ₹10,000 crore in M&A funding following a recent RBI rule change.
Outlook
Investors will be closely watching for further updates regarding the data leak investigation and any potential impact on customer sentiment. The overall market liquidity situation, influenced by the RBI's recent measures to manage banking system liquidity, will also remain a key factor for the financial sector throughout the session.
Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.
(The above story first appeared on LatestLY on Oct 22, 2026 10:50 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).