Vijay Sarathi, banking analyst at Nomura says, SBI's the net interest income was in line with his numbers. The key surprise, he says, was gross non-performing loans (NPLs). He has a target price of Rs 2,400 on the stock. "Our book value for FY13 is about Rs 1,365," he adds.
first published: May 21, 2012 11:52 am
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