Shares of State Bank of India (SBI) rose more than 6% to a 12-week high after the country's largest lender projected a recovery over the next two years following a record quarterly loss. Top brokerages welcomed SBI's move to clean up its accounts, recognising large part of its stressed assets that forced the Mumbai-based lender to report a quarterly loss of 77.18 billion rupees ($1.13 billion), the second highest in the country's banking industry. SBI's shares rose as much as 6.2 % to 269.7 rupees, their highest since March 1, and were headed for a third straight session of gains. The surge was also SBI's biggest intra-day percent gain since early November. SBI added 336.7 billion rupees of non-performing loans in the March quarter, taking its total to 2.23 trillion rupees, or 10.91% of total loans.