"Loan growth was strong and the bank expects the momentum to continue. High mix of floating loans, which will benefit from loan re-pricing, will continue to support the NII and overall earnings even as deposit cost could see some increase. We estimate earnings to post 32 per cent CAGR over FY22-24 and project SBIN to deliver an FY24 RoA/RoE of 1.0%/ 17.3%, respectively. Maintain buy with target price to Rs 700 (based on 1.4x FY24E ABV + INR192 from subsidiaries). SBIN remains one of our preferred picks in the sector," brokergae firm Motilal Oswal said in a report.