BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
State Bank of India appears well positioned to report strong uptick in earnings as the uncertainty brought about by the pandemic has receded significantly.
While collection trends have improved to approximately 97%, restructuring of up to 1% of loans is expected.
Further, legacy issues in the corporate non-performing asset cycle is now largely behind.
The bank carries healthy provision coverage ratio of approximately 88% on corporate NPAs. We expect credit costs to normalise from FY22E.
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