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State Bank of India Q1 Net Profit seen up 226% QoQ to Rs. 273.3 cr: Sharekhan

Net Interest Income (NII) is expected to increase by 2.5 percent Y-o-Y (down 2.7 percent Q-o-Q) to Rs. 22,340 crore, according to Sharekhan.

July 12, 2019 / 01:31 PM IST
 
 
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Sharekhan has come out with its first quarter (April-June’ 19) earnings estimates for the Banking & NBFC sector. The brokerage house expects State Bank of India to report net profit at Rs. 273.3 crore, up 226% quarter-on-quarter.


Net Interest Income (NII) is expected to increase by 2.5 percent Y-o-Y (down 2.7 percent Q-o-Q) to Rs. 22,340 crore, according to Sharekhan.


Pre Provision Profit (PPP) is likely to rise by 36.4% Y-o-Y (down 3.6 percent Q-o-Q) to Rs. 16,326 crore.


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