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    QONEQT in News

    04-Nov-2022 09:54 AM


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    SBI Q2 Preview | Strong loan growth, lower NPA to lift profits

    State Bank of India (SBI), India's biggest lender, is expected to report a robust 39 percent increase in net profit, driven by strong loan growth and improved asset quality, when it announces the numbers for the July-September quarter on November 5.
    That, along with a likely fall in non-interest income (NII) could keep operating profit growth at 11 percent to Rs 20,085 crore for the reporting quarter.
    For the three months ended June, SBI had reported slippages of Rs 9,740 crore and gross bad loans had formed 3.91 percent of the total loan book.
    Analysts expect gross bad loans to remain around these levels for the September quarter as well.
    Nevertheless, the outlook remains positive for margins and management commentary on the same would be closely watched.

    Source - Money Control
    #SBI