Moneycontrol
Last Updated : Jun 08, 2020 03:20 PM IST | Source: Moneycontrol.com

Ideas for Profit | Should investors bet on SBI's low valuation?

State Bank of India (SBI) reported standalone net profit of Rs 3,581 crore for the quarter ended March

State Bank of India (SBI) reported a standalone net profit of Rs 3,581 crore for the quarter ended March aided by a one-time gain of Rs 2,731 crore from stake sale in its subsidiary – SBI Card.

Operating performance was marked by reasonable loan growth and controlled expenses. However, higher provisions pulled down the profit. On the asset quality front, slippages or gross additions to non-performing assets (NPA) were contained and were lowest in the last four quarters.

But should SBI’s downward trending NPA be a matter to rejoice, knowing that COVID-19 is likely to hard hit the asset quality of the entire banking sector?

Close
In this edition of Ideas for Profit, Moneycontrol's Sakshi Batra discusses if investors should bet on SBI's low valuation?
First Published on Jun 8, 2020 03:20 pm
Sections