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SBI Q4: One-time gain boosts profit, should investors bet on low valuations?

June 08, 2020 / 01:56 PM IST
SBI Q4: One-time gain boosts profit, should investors bet on low valuations?

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State Bank of India (SBI) reported a standalone net profit of Rs 3,581 crore for the quarter ended March 2020 mainly aided by a one-time gain of Rs 2,731 crore from the stake sale in its subsidiary, SBI Cards. Operating performance was marked by reasonable loan growth and controlled expenses. However, higher provisions pulled down profit. On the asset quality front,  slippages, or gross additions to non-performing assets (NPA), were contained and were the lowest in the last four quarters. But...

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