Nov 13, 2013 07:17 PM IST
On the positive side, Arundhati Bhattacharya, Chairperson of State Bank of India says agriculture was good this year, so the bank was able to convince farmers to come forward and renew their loans, take fresh loans and also repay some of their older outstanding ones.
- Nov 13, 2013 03:57 PM IST
Experts have given mixed reaction of the State Bank of India earnings. While Vaibhav Agrawal, Angel Broking believes the result was in line with expectations, Suruchi Jain of Morningstar continues to keep high uncertainty rating on the stock.
- Nov 13, 2013 11:19 AM IST
Net interest income of State Bank of India are expected to increase by 4.4 percent Q-o-Q (up 9.5 percent Y-o-Y) to Rs 12019.5 crore.
- Nov 12, 2013 05:35 PM IST
Net slippages are expected to decline Q-o-Q due to higher recoveries or upgrades (led by agri) during second quarter, but higher restructuring will continue into Q2, feel analysts.
- Aug 12, 2013 07:50 PM IST
India‘s largest lender the State Bank of India shares on Monday hit 52-week low after its first quarter (April-June) standalone net profit dropped 14 percent year-on-year to Rs 3,241 crore. Net interest income (NII) or the difference between interests earned and paid out, inched up 3.5 percent to Rs 11,512 crore.
- Aug 12, 2013 04:31 PM IST
A spurt of loan defaults and lower net interest income in the three months that ended June triggered the second consecutive drop in quarterly profit for SBI, sending its shares to their lowest since December 2011
- Aug 12, 2013 08:28 AM IST
India's banking behemoth - the State Bank of India (SBI) is expected to report a fall of 5 percent year-on-year in its first quarter (April-June) net profit to Rs 3,565 crore. Net interest income (NII) or the difference between interest earned and paid out, is likely to grow at a muted pace of just 2 percent to Rs 11,288 crore.
- Aug 08, 2013 07:31 PM IST
Prabhudas Lilladher expects State Bank of India (SBI) to report a 8.7 percent growth quarter-on-quarter (fall of 4.4 percent year-on-year) in net profit at Rs 3,587.2 crore.
- Aug 08, 2013 07:17 PM IST
Motilal Oswal expects State Bank of India to report a 15.4 percent growth quarter-on-quarter (rise of 1.5 percent year-on-year) in net profit at Rs 3,806.3 crore.
- Jul 09, 2013 09:58 PM IST
With beginning of the so-called slack season (April-September), banks are not expected to spring any fresh surprise in the April-June quarter earnings. If not as dry as dust, the first quarter of FY14 will be watched for certain crucial factors like credit growth, net interest income, provisions and of course, asset quality.
- May 23, 2013 07:49 PM IST
Traders who were apprehensive of SBI's restructured loan book, pressed the panic button. SBI shares tanked 8%. However, analysts tracking the bank saw it as an opportunity to buy at every decline. SBI shares are expected to rise between 15-25% next one year.
- May 23, 2013 02:26 PM IST
State Bank of India's net profit, net interest income and margins have fallen in the fourth quarter, however asset quality has improved sequentially, which was heartening, says Rajiv Mehta of IIFL
- May 22, 2013 07:48 PM IST
State Bank of India (SBI) is likely to report 12 percent year-on-year fall in its fourth quarter (January-March, FY13) net profit to Rs 3,568 crore on higher provisions against restructured loans and wage revisions. However, an expected increase in other income would compensate such provisions.
- Apr 16, 2013 04:46 PM IST
Kotak Securities has come with its March`13 quarterly earning estimates for banking & NBFCS sector. The research firm expects fresh slippages to remain stable QoQ with positive bias for banks under their coverage.
- Apr 16, 2013 04:43 PM IST
Motilal Oswal has come with its March`13 quarterly earning estimates for financial sector. The research firm expects reforms and monetary easing to continue, thereby growth is expected to revive gradually.
- Apr 11, 2013 06:41 PM IST
Angel Broking has come with its March`13 quarterly earning estimates for banking sector. The research firm expects private banks to report healthy earnings growth of 23.0 percent yoy, however, the PSU banks with expected earnings decline of 13.1 percent yoy, would drag the overall earnings performance (de-growth of 3.2 percent yoy).
- Feb 14, 2013 08:56 PM IST
Pratip Chaudhuri, chairman of SBI is hopeful for Q4 earnings and considers it to be the best quarter due to clearance of government dues. "Q4 should be a very good quarter regarding the non-performing assets (NPA) and the recovery process," he adds in an interview to CNBC-TV18.
- Feb 14, 2013 06:59 PM IST
Hemant Kanoria, CMD of the company told CNBC-TV18 that the assets under management of the company are worth Rs 33580 crore. "There has been a substantial increase in the AUM, but the disbursement has not been very high. So, we have tried to concentrate on the profitability," adds Kanoria.
- Feb 14, 2013 03:18 PM IST
Vaibhav Agrawal of Angel Broking said he was expecting the net interest income (NII) to be a disappointment for the market. But, he was hopeful of improved net slippages in this quarter.
- Feb 13, 2013 09:59 PM IST
India's largest lender the State Bank of India is likely to report an 11 percent year-on-year rise in its third quarter net profit at Rs 3,610 crore. Net interest income or the difference between interests earned and paid out, however may fall marginally by 1% to about Rs 11,360 crore, according to a poll estimate by CNBC Awaaz.
- Jan 10, 2013 06:20 PM IST
Nirmal Bang has come with its December`12 quarterly earning estimates for banking sector. In 3QFY13, there exists a possibility of treasury profits and write-back of depreciation on investments, which we have not factored in on account of movement of yields and open market operations (OMO) conducted by the Reserve Bank of India (RBI).
- Jan 10, 2013 03:25 PM IST
Motilal Oswal has come with its December`12 quarterly earning estimates for banking sector. The research firm expects RBI to start cutting interest rates from 4QFY13.
- Jan 09, 2013 03:50 PM IST
Banks are unlikely to spring any surprise, be it positive or negative in their third quarter (October-December) earnings in 2012-13. Private sector lenders continue to be preferred over their public sector peers.
- Jan 09, 2013 02:19 PM IST
Angel Broking has come with its December`12 quarterly earning estimates for banking sector. The research firm continues to prefer private banks, given their stronger capital adequacy and growth prospects as well as cyclically better asset quality profile, with Yes Bank, Axis Bank and ICICI Bank being top picks.
- Nov 09, 2012 06:22 PM IST
In an interview to CNBC-TV18, Pratip Chaudhuri, chairman of SBI says, Q2 asset quality experience has been much better.