State Bank of India (SBI), the largest public sector lender, climbed on Tuesday after media report quoted that the bank is planning to sell around Rs 50 billion of its Rs 677.99 billion non-performing assets to asset reconstruction companies (ARCs).

Shares of the bank settled at Rs 1,698.40, up Rs 44.9, or 2.72% at the Bombay Stock Exchange (BSE) on Tuesday.

The scrip has touched an intra-day high of Rs 1,709.40 and low of Rs 1,652.15. The total volume of shares traded at the BSE is 304,259.

In the earlier session, the shares gained 0.1%, or Rs 1.7, at Rs 1,653.50. Currently, the stock is trading down 31.22% from its 52-week high of Rs 2,469.25 and above 16.9% over the 52-week low of Rs 1,452.90.