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SBI Q2 Results Live: Net profit, NII growth likely to moderate; margin to fall

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SBI Q2 Results Live Updates: State Bank of India (SBI), the country’s largest lender, is set to announce its September quarter results today, November 4. SBI is expected to report a subdued quarter with a marginal rise in net profit, while net interest margin (NIM) remaining under pressure. The public sector lender SBI’s net profit is expected to rise by 2.3% year-on-year (YoY) to 13,569 crore, while net interest income (NII) in Q2FY24 is likely to grow by 10.7% YoY on the back of 12% loan growth. Net interest margin (NIM) is estimated to contract by 10 basis points (bps) sequentially. The bank may see improvement in asset quality sequentially supported by a low stressed asset pool, while credit costs are likely to remain stable. Stay tuned to our SBI Q2 Results Live blog for the latest updates.

04 Nov 2023, 11:30:46 AM IST

SBI Q2 Results Live: NIM to decline but see a possibility of stable performance: Kotak Equities

Kotak Institutional Equities expects SBI’s operating profit growth to be flat YoY on higher operating expenses and net interest margin (NIM) pressure. It is building in 10% YoY net interest income (NII) growth on the back of 12% YoY loan growth. 

We are building net interest margin (NIM) to decline 10 bps QoQ but do see a possibility of stable performance, given the structure of the loan book and negligible need for deposits to fund this growth.

04 Nov 2023, 11:15:32 AM IST

SBI Q2 Results Live: Asset quality may improve sequentially

SBI’s asset quality in the quarter ended September 2023 is expected to improve sequentially. The lender’s gross non-performing assets (GNPA) as a percentage of gross advances in Q2FY24 are expected to drop by 19 basis points (bps) to 2.58% from 2.76% in the previous quarter. Net NPA ratio, or net NPA as a percentage of net advances, is likely to remain flat sequentially at 0.7% during the quarter.

04 Nov 2023, 11:00:30 AM IST

SBI Q2 Results Live: NII may rise 10.7% YoY led by 12% loan growth

SBI’s net interest income (NII) in Q2FY24 is likely to rise 10.7% year-on-year (YoY) on the back of 12% loan growth. NII is estimated to be at 38,948 crore in the quarter ended September 2023 as against 35,183.4 crore in the year-ago quarter.

Net interest margin (NIM) during the quarter is expected to contract by 10 basis points (bps) sequentially.

04 Nov 2023, 10:46:57 AM IST

SBI Q2 Results Live: Net profit may rise 2.3%; PPoP growth seen at 0.9% YoY

The public sector lender SBI is expected to report a net profit of 13,569 crore for the second quarter of FY24, witnessing a moderate growth of 2.3% from 13,264.5 crore in the same quarter of last fiscal year, as per average estimates of five brokerages.

The bank’s Pre-Provision Operating Profit (PPoP) in Q2FY24 is expected to grow 0.9% to 21,299.7 crore from 21,119.6 crore, YoY.

04 Nov 2023, 10:30:12 AM IST

SBI Q2 Results Live: Net profit likely to rise 2.3%, NII growth seen at 11% YoY

The public sector lender SBI is expected to report a net profit of 13,569 crore for the second quarter of FY24, witnessing a moderate growth of 2.3% from 13,264.5 crore in the same quarter of last fiscal year, as per average estimates of five brokerages. SBI’s net interest income (NII) in Q2FY24 is likely to rise 10.7% year-on-year (YoY). Read full preview here

04 Nov 2023, 10:15:05 AM IST

SBI Results Live: Expect moderate rise in profit, NII; asset quality to improve

SBI is expected to report a subdued quarter with a marginal rise in net profit and net interest income (NII), while net interest margin (NIM) is likely to be under pressure. The bank may see improvement in asset quality sequentially supported by a low stressed asset pool, while credit costs are likely to remain stable.

04 Nov 2023, 10:00:54 AM IST

SBI Results Live: Public sector lender SBI to announce Q2 results today

State Bank of India (SBI), the country’s largest lender, is set to announce its September quarter results today, November 4.

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