SBI Q2 Results Live Updates: India’s largest lender, State Bank of India, will be reporting its September quarter results later in the day. Expectations are high from SBI this time around as the stock is trading at a 52-week high ahead of the results announcement. A CNBC-TV18 poll is expecting a 2% drop in its Net Interest Income (NII) to ₹40,766 crore, while its net profit may see a decline of 7% to ₹17,048 crore from ₹18,331 crore last year. Watch this space for all the live updates.
SBI Q2 Results Live Updates: India’s largest lender, State Bank of India, will be reporting its September quarter results later in the day. Expectations are high from SBI this time around as the stock is trading at a 52-week high ahead of the results announcement. A CNBC-TV18 poll is expecting a 2% drop in its Net Interest Income (NII) to ₹40,766 crore, while its net profit may see a decline of 7% to ₹17,048 crore from ₹18,331 crore last year. The street is expecting SBI’s loan book to grow by 10% from the same quarter last year to ₹43 lakh crore, while deposit growth is expected to be at 9% from last year, in-line with the loan growth. SBI’s core income could be under pressure due to higher interest expenses. Net Interest margins for the quarter is likely to moderate by six basis points to 2.84%. With no visible risks to asset quality, provisions are likely to remain stable from the previous quarter. Commentary on margins, loan book growth and credit costs for the full year will be something that the street will await from the management. Watch this space for all the LIVE Updates.