Axis Securities: SBI - Best Play Among Public Sector Banks

"BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities Report.State Bank of India, with business size of approximately Rs 57 trillion, is the largest commercial bank with approximately 22.8/19.7% market share in deposits/advances in India.The bank has a strong presence in both retail liabilities (current account and savings account approximately 45%) as well as retail advances (approximately 31% of loan book) along with corporate (approximately 34% of loan book).Due to its size, SBI drives the interest rate movements in the sector which also allows it with margin manoeuvres.The bank’s subsidiaries are strong players in their respective fields, also aided by cross sell opportunities through SBI and provide further valuation support to the parent bank.In the last couple of years, SBI has improved its provision coverage ratio (67%) and resolved most of its legacy book which will help in keeping asset quality in check amid Covid-19 crisis.Its moratorium book now stands at approximately 9.5% in-line with most top sector private banks. Its inherent strength lies in brand value, unparalleled geographical presence and strong customer franchise.We believe valuations are attractive as SBI, being the largest banking conglomerate alongwith its non banking affiliates, would be the biggest beneficiary of improvement in the credit cycle..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Axis Securities: SBI - Best Play Among Public Sector Banks

SBI’s moratorium book now stands at 9.5%, or on a par with top private sector banks, Axis Securities says in a research report.

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Axis Securities: SBI - Best Play Among Public Sector Banks

SBI’s moratorium book now stands at 9.5%, or on a par with top private sector banks, Axis Securities says in a research report.

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