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State Bank of India Q4 Results Preview | Profit may surge 50% on healthy loan growth, asset quality

Experts expect slippages at 2 percent of loans (Rs 13,500 crore) mostly driven by SME and retail, while corporate continues to hold up relatively well

May 13, 2022 / 12:31 PM IST
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State Bank of India (SBI) is likely to report strong performance for the quarter ended March 2022 when it will declare its results on May 11.

Experts expect India’s largest banker to report a robust on-year growth of 50 percent for the quarter and expect its net interest income (NII) to increase 16 percent over the same period last year.

According to a poll of four brokerages conducted by Moneycontrol, SBI is likely to post a net profit of Rs 10,075 crore for the quarter ended March 2022 on a NII of Rs 31,360 crore.

The bank had registered a PAT of Rs 6,451 crore during the corresponding period last year with NII coming in at Rs 27,067 crore.