SBI numbers suggest an overall improvement in performance, rebalancing of loan growth from retail to corporate/SME and improvement in asset quality
Except, that FY24 being an election year, the bank may be under pressure to lend liberally, due to the all-round self-congratulatory showboating about India being the only story in town.
More loans, better margins, and lesser provisions. SBI’s Q2 is proof that it has enough ammo to navigate the COVID crisis.
State Bank of India (SBI), country's largest lender, is likely 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.