Jul 07, 2012 02:44 PM IST
Emkay Global Financial Services has come with its June quarterly earning estimates for Banking and Financial Services sector. According to the research firm, lower NII growth is expected to be driven by sluggish advance growth and 5-15 bps contraction in NIMs led by decline in yield on assets and cost pressures.
- Jul 07, 2012 11:55 AM IST
Private sector banks continue to be the preferred bet over their peers in public sector space in the April-June quarter of the financial year 2012-13. While the former is likely to post a net profit growth of more than 20% year-on-year, the latter's net profit would grow at a slower pace of around 15% on an average barring SBI.
- May 21, 2012 11:52 AM IST
Vijay Sarathi, banking analyst at Nomura says, SBI's the net interest income was in line with his numbers. The key surprise, he says, was gross non-performing loans (NPLs). He has a target price of Rs 2,400 on the stock. "Our book value for FY13 is about Rs 1,365," he adds.
- May 18, 2012 09:38 PM IST
SBI chairman Pratip Chaudhuri told CNBC-TV18 that the bank has successfully managed a significant improvement in asset quality.
- May 18, 2012 02:44 PM IST
In an interview to CNBC-TV18, Hemendra Hazari of Nirmal Bang Institutional Equities says one would expect it to see a very sharp increase in asset quality NPAs but we are not seeing that in India's largest bank SBI which is a cause for concern.
- May 18, 2012 02:34 PM IST
SBI declared its fourth quarter results today. Rajiv Mehta of IIFL says, the broad numbers, which have come out, seem good. He sees 10-15% upside in the stock from the current levels.
- May 18, 2012 01:45 PM IST
India's largest lender State Bank of India (SBI) on Friday reported a forecast beating net profit of Rs 4,050 crore for the fourth quarter (Jan-March) of FY12 as against Rs 21 crore a year ago.
- May 18, 2012 11:07 AM IST
India's largest lender State Bank of India will declared its fourth quarter results today. In an interview to CNBC-TV18, Sampath Kumar of IIFL Institutional Equities says, he sees slippages anywhere between Rs 6,000-8,000 crore on gross basis.
- May 18, 2012 07:55 AM IST
India's largest lender State Bank of India (SBI) is expected to report a net profit of Rs 3,580 crore for the fourth quarter of FY12 as against Rs 21 crore in the same period a year ago period, according to CNBC-TV18 poll.
- May 17, 2012 07:12 PM IST
State Bank of India (SBI) is expected to report a net profit of Rs 3,580 cr for the fourth quarter of FY12 as against Rs 21 cr a year ago, according to CNBC-TV18 poll. Even though it looks like a phenomenal growth in its net level, analysts tracking the bank refuse to draw any such year-on-year comparison.
- Apr 13, 2012 09:38 AM IST
Banks are likely to post strong bottom line growth on the back of lower base. However, the pipeline of restructured assets will be a key trigger for their share prices to react, said banking analysts adding that the level of non performing assets (NPAs) may have stabilized for private sector banks.
- Apr 10, 2012 12:24 PM IST
KRChoksey has come with its quarterly earning estimates on banking sector for March 2012. The research firm expects PSU bank to report SEB restructuring during the quarter.
- Apr 05, 2012 04:30 PM IST
Angel Broking has come with its March quarterly earning estimates for banking sector.
- Apr 05, 2012 02:33 PM IST
Prabhudas Lilladher has come with its March quarterly earning estimates for banking & financial services sector. Asset quality will continue to remain the focus area for banks in Q412.
- Feb 14, 2012 03:47 PM IST
The SBI posted forecast beating third quarter numbers. A proud SBI boss Pratip Chaudhury proclaimed, "The worst is over!" Even the SBI shares fell more than 2% on the day of Q3 announcement, the market gave a thumbs up on the day after. The shares today closed at Rs 2,200 , up 3.18% on the NSE. So, is it the right time to buy SBI?
- Feb 13, 2012 07:11 PM IST
"Our source of strength has largely come from the net interest margin. Globally people are willing to pay higher price for loans (dollar denominated) due to the ongoing crisis. Moreover, we have dropped all high cost of deposits. Our net profit (for Q3) is without any windfall gain," said SBI boss.
- Feb 13, 2012 06:28 PM IST
It's been an earnings heavy day and the country's largest bank State Bank of India exceeded expectations both on the top & bottomline with profits coming in 15% higher at Rs 3,270 crore.
- Feb 13, 2012 03:42 PM IST
After a weak set of numbers from India’s largest public sector lender, Vaibhav Agrawal, banking analyst at Angel Broking, tells CNBC-TV18 that upsides are limited for SBI.
- Feb 13, 2012 09:29 AM IST
SBI country's biggest lender, is expected to report a profit after tax of Rs 3,061.6 crore in the October-December quarter of FY12, a growth of 8% as compared to Rs 2,828.1 crore in a year ago quarter.
- Feb 13, 2012 08:46 AM IST
State Bank of India (SBI), country's biggest lender, is expected to report a profit after tax of Rs 3,061.6 crore in the October-December quarter of FY12, a growth of 8% as compared to Rs 2,828.1 crore in a year ago quarter.
- Jan 11, 2012 05:25 PM IST
KRChoksey has come with its December quarterly earning estimates for banking sector. According to the research firm, during Q3FY12, private sector banks continue to show healthy operating performance with earnings expectation of 21.3% y-o-y and 11.8% q-o-q.
- Jan 11, 2012 03:09 PM IST
Motilal Oswal has come with its December quarterly earning estimates for financial sector.
- Jan 09, 2012 12:10 PM IST
Angel Broking has come with its quarterly earning estimates for banking sector.
- Jan 07, 2012 12:59 PM IST
The worst seems over for Indian banks. The third quarter (October-December) earnings, according to analysts tracking banks, would not spring any ugly surprise for them. However, the pressure on profitability would continue on the back of slowing down loan growth, asset quality concern and rising cost of funds.
- Nov 09, 2011 09:09 AM IST
SBI to report a profit after tax of Rs 2,589 crore in the second quarter of FY12, a growth of 3.5% as compared to Rs 2,501.4 crore in the corresponding quarter of last fiscal.