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.
Centrum Broking Report
State Bank of India's earnings were healthy on asset quality.
Net interest income was a miss due to interest reversals, lower loan-to-deposit and unutilised credit.
Treasury income was higher while advance under collection account recovery was a beat (included a large aviation account of Rs 16.9 billion), which coupled with lower opex led to a pre provision operating profit beat.
Although SBI's net slippages were more driven by small and medium enterprise/retail, 30% were recouped in the quarter also indicated by lower non performing asset provisions.
This trend continued in July which saw good recoveries. June/July collection efficiency improved to 92/94%.
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