SBI share price, Sept. 17 -- Shares of State Bank of India (SBI), India's largest lender, are trending closer to their all-time high level of Rs.912 touched in July 2024. The stock needs to gain around 6% to reclaim the coveted mark, but concerns around the banking sector and volatility in the Indian stock market have kept SBI shares rangebound.

The stock has risen 9% in a year, while year-to-date gains stand at 8%. Despite the marginal gains, SBI stock has beaten the Nifty Bank index (up 8% YTD and 6% in a year).

A major factor behind the tepid rise is the earnings slowdown in the banking sector amid margin pressure and slower loan growth.

"Sector earnings have slipped into the declining territory, owing to margin pressure from high f...