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SBI Q1 profit seen down 32% to Rs 2505 cr, slippages & NPA key
Key things to watch out for would be slippages, slippages from restructured book, gross non-performing assets, net interest margin and update on non-core assets selling.
The much-awaited earnings of the country's largest lender SBI will be announced on August 12. State Bank of India's (SBI) profit in April-June quarter is likely to fall 32.2 percent year-on-year to Rs 2,504.9 crore, according to average of estimates of analysts polled by CNBC-TV18.
Net interest income, the difference between interest earned and interest expended, may grow 5.5 percent to Rs 14,489.5 crore in the quarter ended June 2016 compared with Rs 13,732 crore in year-ago period.
Analysts say slippages below Rs 10,000 crore (Rs 30,313 crore in Q4FY16), gross non-performing assets below 7 percent (6.5 percent in Q4) and net interest margin above 2.9 percent (2.96 percent in Q4) then that will be positive.
More Will Update Soon!!
