Reacting to the news, Siddharth Purohit, Senior Research Analyst at Angel Broking, said that the reported numbers look decent. Surprisingly, gross NPA numbers haven't gone up in percentage and absolute terms, he said. There could have been some upgradation, he said.
After a consistently dissapointing performance, the earnings numbers for Punjab National Bank (PNB) look better than expected, says Pankaj Sharma, Equirus Securities.
Gaurang Shah of Geojit BNP Paribas is positive on SBI, but hints at some more stress for the lender in the next two quarters.