SBI Q4 Review - Walking The Talk: ICICI Direct

A pedestrian uses a smartphone while standing across a State Bank of India (SBI) branch in Bengaluru, India. (Photographer: Karen Dias/Bloomberg)

SBI Q4 Review - Walking The Talk: ICICI Direct


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.

ICICI Direct Report

State Bank of India posted strong performance on the asset quality front wherein slippages and restructuring were within guidance while sufficient provisioning buffer also provides comfort.

Business growth was in-line with estimates while profitability was boosted by a sharp jump in other income.

On a reported basis gross non-performing asset saw a jump from 4.77% to 4.98% as standstill asset classification norms are now removed.

However, when compared with proforma gross non-performing asset number of 5.44% in the previous quarter, the asset quality showed a meaningful improvement.

Click on the attachment to read the full report:

ICICI Direct SBI Q4FY21 Result Update.pdf


This 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.

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