SBI Q3 Review - Returning To Normalised Earnings Path: ICICI Direct
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ICICI Direct Report
State Bank of India’s asset quality picture within guidance is a positive surprise.
Q3 slippages around Rs 2073 crore and new restructuring in Q3 were at Rs 18125 crore.
This brings stressed assets status as on December 2020 at Rs 41000 crore within the guided Rs 60000 crore i.e. 2.5% of loans as total stress including slippages.
Total provisioning for the quarter was at Rs 103420 crore, which includes Covid-19 provisioning of Rs 5885 crore. Overall Covid-19 provision now is at Rs 12976 crore.
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