Shares of State Bank of India Ltd. will be in focus during Friday’s trading session after the country’s largest lender reported a December quarter profit beat due to lower credit costs, but a miss on net interest margin (NIM) and operating expenses (opex). Company Value Change %Change SBI’s asset quality remained strong, with a quarter-on-quarter […]
SBI’s stressed loans aren’t as bad as feared – CNBC TV18
State Bank of India (SBI), India’s largest lender, has reported better-than-expected results for the September quarter, with its stressed loan portfolio showing signs of resilience. Despite concerns surrounding the performance of unsecured loans, the bank’s financials reflect stability. This is driven by effective asset quality management and prudent lending strategies. Stable financials amid concerns SBI’s […]
SBI shares among ‘top picks’ for Jefferies; Stock may jump as much as 22% – CNBC TV18
Shares of State Bank of India Ltd. will be in focus in Monday’s trade after the country’s largest lender reported mixed results for the September quarter. Global brokerage firm Jefferies maintained its ‘Buy’ recommendation on the stock and increased its price target to ₹1,030 from ₹1,000 earlier. The revised price target implies a potential upside […]
SBI is top banking sector pick for Nomura on attractive valuations, asset quality – CNBC TV18
India’s largest lender, State Bank of India is the top banking sector pick for brokerage firm Nomura, who has maintained its “buy” recommendation on the stock with a price target of ₹980. SBI shares have been flat over the last one month and Nomura’s price target now implies a potential upside of 25% from Tuesday’s […]
Outgoing SBI Chairman Dinesh Khara’s Wish: Hope to see bank post ₹1 trillion profit after tax by FY25-end – CNBC TV18
State Bank of India (SBI) chairman Dinesh Khara said consistently high return of equity (ROE) gives him satisfaction. “We are maintaining, as against the guidance of 15%, we are now more than 20% ROE,” he said. He said SBI is also maintaining an excellent return on assets (ROA), which is more than 1.1% now. Khara […]
SBI Chairman: Not overtly concerned about RBI’s LCR paper; Q1 Slippages just ‘temporary aberrations’ – CNBC TV18
While SBI’s credit deposit ratio remains comfortable, chairman Dinesh Khara said, both the deposit growth and CASR ratio have been impacted as deposit accretion remains lower quarter-on-quarter. State Bank of India‘s chairman Dinesh Khara spoke to CNBC-TV18 on Saturday, August 3, after the lender reported its first quarter earnings. “When it comes to deposit growth, it […]