Moneycontrol
Aug 11, 2017 07:44 AM IST | Source: CNBC-TV18

SBI Q1 profit may see 5-fold jump at Rs 2485 cr, NIM seen up 4%

Analysts feel lower trend of slippages (Rs 10,368 crore in Q4FY17) will be seen positive. If net interest margin comes above 2.8 percent then that will also be positive.

Country's largest lender State Bank of India is set to announce its consolidated earnings (along with other banking subsidiaries) on August 11.

Profit is expected to grow a whopping 394.2 percent to Rs 2,485.3 crore in the quarter ended June 2017, compared with Rs 502.9 crore in same quarter last year.

Net interest income, the difference between interest earned and interest expended, is likely to increase 3.7 percent year-on-year to Rs 18,767.2 crore in Q1.

Key things to watch out for

Analysts feel lower trend of slippages (Rs 10,368 crore in Q4FY17) will be seen positive. If net interest margin comes above 2.8 percent then that will also be positive.
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