SBI Q4 Review - Asset Quality Outlook Remains Strong: Axis Securities
People stand outside a State Bank of India Ltd. branch at night in Bengaluru, India. (Photographer: Karen Dias/Bloomberg)

SBI Q4 Review - Asset Quality Outlook Remains Strong: Axis Securities

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.

Axis Securities Report

State Bank of India maintained its strong asset quality performance in Q4 FY21 with slippages at ~ Rs 55 billion (less than 1% of the book) and a stable restructured book (Rs 179 billion).

Headline gross non performing assets were restricted to ~5.0% versus 5.44% QoQ (on pro-forma basis).

For FY21, the overall stressed asset accrual of Rs 464 billion was much below the management’s initial guidance of Rs 600 billion with slippage for the bank at 1.2% and restructured loans at 0.73%.

Provision coverage ratio improved to 71% in FY21 from 65% in FY20.

Click on the attachment to read the full report:

Axis Securities SBI Q4Fy21 Result Update.pdf


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