SBI Q1 Review - Asset Quality Holding Up Well: Dolat Capital

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 good set of numbers with asset quality metrics faring better than industry and pre provision operating profit growth of 15% YoY. While net interest income was in-line, operating profits benefitted from higher treasury gains and strong recovery from written off accounts (including Kingfisher recovery of Rs 17 billion). SBI's asset quality metrics continued to impress with slippages as 2.7% (better than some of large private peers), strong pull-back/recoveries in July at Rs 48 billion, and limited restructuring. Slippages from agri segment were fairly contained in a seasonally weak quarter, benefitting from increased share of gold backed agriculture loans. .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 author entity 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.

SBI Q1 Review - Asset Quality Holding Up Well: Dolat Capital

SBI Q1 Review - Asset Quality Holding Up Well: Dolat Capital

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