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Earnings

SBI Q3 Earnings: Net profit likely to rise by 52%

Updated : January 31, 2020 11:26 AM IST

India's largest lender State Bank of India (SBI) is set to declare its third-quarter results on Friday. Here are the key expectations:

  • Analysts are pegging slippages or formation of bad loans to be Rs 16,250 crore to as high as Rs 21,600 crore.

  • Provisions also could remain on the higher side given the fact that slippages will remain elevated. The bank has to make provision with respect to the divergence of about Rs 4,600 crore.

  • The watchlist stands at Rs 9,300 crore.

  • The gross NPA could come down on the fact that there is a healthy recovery in the National Company Law Tribunal (NCLT) accounts from the likes of Essar Steel, Ruchi Soya, etc.

  • Loan growth is expected to be between 8 percent and 12 percent.

  • The net interest margin will improve given the fact that the lender has been reducing its deposit rates.

  • CNBC-TV18 poll suggests net interest income (NII) growth of 14 percent while net profit could rise by 52 percent year on year (YoY).
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