Feb 13, 2015 06:18 PM IST
State Bank of India chairperson Arundhati Bhattacharya says sectors such as iron and steel, textiles, infrastructure, trade and services continue to remain impacted. SBI reported third quarter slippages at Rs 7000 crore.
- Feb 13, 2015 04:37 PM IST
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.
- Feb 13, 2015 01:15 PM IST
While the bank‘s net profit came in below estimates (Rs 2,910 crore versus expectations of Rs 3,254 crore), its gross non-performing asset (GNPA) margin rose from 4.89 percent a quarter ago to 4.9 percent this quarter.
- Feb 13, 2015 09:37 AM IST
Net interest income is expected to increase by 2.6 percent Q-o-Q (up 7.9 percent Y-o-Y) to Rs 13613.6 crore, according to Motilal Oswal.
- Feb 13, 2015 09:11 AM IST
Net interest income is expected to decrease by 1.2 percent Q-o-Q (up 3.8 percent Y-o-Y) to Rs 13119.2 crore, according to ICICIdirect.
- Feb 13, 2015 09:10 AM IST
Net interest income is expected to increase by 4 percent Q-o-Q (up 9.2 percent Y-o-Y) to Rs 13806.4 crore, according to Kotak Securities.
- Feb 12, 2015 05:05 PM IST
State Bank of India (SBI) will announce its third quarter earnings on Friday. Profit for the quarter is expected to jump 45.7 percent year-on-year to Rs 3,254 crore supported by treasury income, fee income and operating profit.
- Jan 30, 2015 11:53 AM IST
Worsening asset quality is a worry indeed, but Jignesh Shial, research analyst, IDBI Capital Markets says what is more worrying is that these banks are not growing, putting pressure on margins as well.
- Jan 29, 2015 11:45 AM IST
Ghosh said the bank‘s restructured loan pipeline is around Rs 400 crore, and there were fresh slippages of around Rs 200 crore during the December quarter
- Nov 18, 2014 03:58 PM IST
Nischal Maheshwari, Head of Research, Edelweiss Securities is positive on Allahabad Bank and OBC from the banking pack and sees them performing well in the future.
- Nov 14, 2014 04:09 PM IST
SBI is working on quality delivery with McKinsey. The country's largest bank has rolled out two pilot branches. It has rolled out retail assets processing centre in Mumbai and Delhi, says Arundhati Bhattacharya of SBI.
- Nov 14, 2014 01:15 PM IST
Suruchi Jain, equity research analyst, Morningstar India says SBI's profit after tax is up 30%, NPA is flat and most slippages on infrastructure book has already happened and hence things should improve from hereon.
- Nov 14, 2014 10:05 AM IST
Net interest income (NIIs) is likely to grow 11 percent to Rs 13588 crore versus Rs 12251 crore year-on-year. Analysts on an average expect domestic NIMs to be maintained but international NIMs may be under pressure. Credit gowth, during the period, is likely to grow 10 percent.
- Nov 14, 2014 09:10 AM IST
Net interest income is expected to increase by 3.7 percent Q-o-Q (up 12.2 percent Y-o-Y) to Rs 13743.3 crore, according to Motilal Oswal.
- Nov 05, 2014 08:46 AM IST
Maintaining its cautious view, global rating agency Moody's recently said that it remains negative on Indian banks on the back of high leverage in the corporate sector.
- Oct 21, 2014 02:31 PM IST
Punjab National Bank missed street expectations on all parameters with the second quarter net profit rising 13.8 percent as against expected growth of 142 percent as provisions remained at elevated levels
- Aug 18, 2014 04:55 PM IST
As the earnings season winds up and most of India‘s notable corporates have posted their quarterly results updates, net profits were slightly ahead of estimates, according to projections by brokerage firm Kotak, but there was â€œlimited evidence of a meaningful upgrades to earningsâ€.
- Feb 14, 2014 07:38 PM IST
Asset quality of SBI continued to worsen in Q3FY14 even as margins and lesser restructured assets provide some solace.
- Feb 14, 2014 04:33 PM IST
State Bank of India has come out with mixed set of numbers. The NII has grown 13 percent versus street estimates growth of 14 percent.
- Feb 14, 2014 02:21 PM IST
Vaibhav Agarwal of Angel Broking feels the bank is facing a triple whammy.
- Feb 14, 2014 01:13 PM IST
Rajiv Mehta, however, expects the net interest margins to improve marginally in the current quarter.
- Feb 14, 2014 10:19 AM IST
Net interest income is expected to increase by 4 percent Q-o-Q (up 14.2 percent Y-o-Y) to Rs 12739.9 crore, according to Motilal Oswal.
- Feb 14, 2014 10:04 AM IST
State Bank of India is coming out with its numbers. The profits could decline for the fourth quarter in a row.
- Feb 13, 2014 06:12 PM IST
According to CNBC-TV18 poll, analysts expect profit after tax to fall 26 percent to Rs 2,500 crore and net interest income to decline 14 percent to Rs 12,669 crore compared to a year-ago period.
- Nov 14, 2013 11:11 AM IST
SBI Wednesday reported a 35 percent year-on-year decline in its quarterly net profit, but the rate of increase in bad assets slowed down, drawing applause from the stock market.