After strongly bucking the trend of deteriorating asset quality that was witnessed with most banks this season, State Bank of India says it sees margins holding up going forward.
At a press conference discussing its third-quarter earnings, SBI chairperson Arundhati Bhattacharya said the company’s fresh slippages fell from Rs 7,700 crore quarter-on-quarter to Rs 7,043 crore while its restructuring pipeline stood at Rs 5,000-5,500 crore.
SBI’s gross non-performing asset (GNPA) grew marginally from 4.89 percent QoQ to 4.9 percent, its earnings release showed today, even as net profit at Rs 2,910 crore was slightly below street estimates.
Bhattacharya also said the bank had appointed eight investment bankers to carry out a share sale programme but did not provide a timeline or quantum.
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