State-owned State Bank of India (SBI) will announce its September quarter results on Friday. The key thing to watch out for will be slippages.
Here's what to expect from the company today:
- Analysts are expecting slippages at Rs 12,000 crore compared to about Rs 17,000 crore in the previous quarter.
- A 10-20 basis point improvement is expected in the gross NPA ratio while the loan growth could moderate anywhere between 10-12 percent.
- The net interest margin should remain stable above 2.8 percent.
- Poll suggests net interest income (NII) growth of 10.5 percent while net profit on a lower base could double on a YoY basis.