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State Bank Q1 Net Profit seen up 39.1% YoY to Rs. 5,829.2 cr: Motilal Oswal

Net Interest Income (NII) is expected to increase by 7.9 percent Y-o-Y (up 6.2 percent Q-o-Q) to Rs. 28,752.2 crore, according to Motilal Oswal.

July 09, 2021 / 10:53 AM IST
 
 
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Motilal Oswal has come out with its first quarter (April-June’ 21) earnings estimates for the Banks and Insurance sector. The brokerage house expects State Bank to report net profit at Rs. 5,829.2 crore up 39.1% year-on-year (down 9.6% quarter-on-quarter).


Net Interest Income (NII) is expected to increase by 7.9 percent Y-o-Y (up 6.2 percent Q-o-Q) to Rs. 28,752.2 crore, according to Motilal Oswal.


Pre Provision Profit (PPP) is likely to rise by 6.5% Y-o-Y (down 2.4 percent Q-o-Q) to Rs. 19,226.7 crore.


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