SBI has reported fresh slippages of Rs 20,692 crore during the quarter, which was three-and-a-half times higher compared to Rs 5,875 crore in preceding quarter.
Fresh slippages during the quarter were Rs 11,438 crore as against Rs 8,365 crore in previous quarter while cash recovery stood at Rs 1,538 crore in the quarter gone by.
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.
It has been a steady day of trade for the market today says Udayan Mukherjee, managing editor, CNBC-TV18. The Nifty inched higher to close above 5400 again, aided by a benign 6.55% inflation reading for January.
Saurabh Mukherjea, head of equities at Ambit Capital spoke to CNBC-TV18 about how he read the market.