Dolat Capital: SBI Delivers Strong Q2; Undemanding Valuations  
Signage for the State Bank of India Ltd. (SBI) is seen at a branch in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Dolat Capital: SBI Delivers Strong Q2; Undemanding Valuations  

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.

Dolat Capital Report

State Bank of India reported a healthy net interest income growth of 15% led by net interest margin expansion, while pre-provision operating profit grew at 12% YoY adjusted for impact of stake sale in previous quarters.

Excluding agriculture loans, collection efficiency improved to 97% in September.

Pro forma non-performing assets were sharply higher at 5.88% (up 60 basis points QoQ), led by slippages of Rs 140 billion or 2.5%.

Over 60% of these came from the agriculture portfolio.

Click on the attachment to read the full report:

Dolat Capital State Bank of India Q2FY21 Result Update.pdf


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