Business Standard

SBI dips ahead of Q1 results

Analyst expects, net interest income (NII) to grow by 22% on year-on-year (yoy) basis led by 14% growth in advances

SI Reporter  |  Mumbai 

State Bank of India (SBI) has slipped 5% to Rs 1,965 ahead of its Q1 results tomorrow on worries over lower net interest margins.

Analyst expects, net interest income (NII) to grow by 22% on year-on-year (yoy) basis led by 14% growth in advances, even as net interest margin (NIM) contract slightly by 5 basis points (bps) to 3.5% for the first quarter ended June 30, 2012.

According to market reports, traders cited market concerns about the lender's NIM and expressed worries would post a rise in non-performing loans in the April-June quarter.

The stock opened at Rs 2,067 and hit a high of Rs 2,081 before falling about 6% from day’s high on the NSE. A combined 4.81 million shares have changed hands on the counter so far on both the exchanges.

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SBI dips ahead of Q1 results

Analyst expects, net interest income (NII) to grow by 22% on year-on-year (yoy) basis led by 14% growth in advances

State Bank of India (SBI) has slipped 5% to Rs 1,965 ahead of its Q1 results tomorrow on worries over lower net interest margins.

State Bank of India (SBI) has slipped 5% to Rs 1,965 ahead of its Q1 results tomorrow on worries over lower net interest margins.

Analyst expects, net interest income (NII) to grow by 22% on year-on-year (yoy) basis led by 14% growth in advances, even as net interest margin (NIM) contract slightly by 5 basis points (bps) to 3.5% for the first quarter ended June 30, 2012.

According to market reports, traders cited market concerns about the lender's NIM and expressed worries would post a rise in non-performing loans in the April-June quarter.

The stock opened at Rs 2,067 and hit a high of Rs 2,081 before falling about 6% from day’s high on the NSE. A combined 4.81 million shares have changed hands on the counter so far on both the exchanges.

image
Business Standard
177 22

SBI dips ahead of Q1 results

Analyst expects, net interest income (NII) to grow by 22% on year-on-year (yoy) basis led by 14% growth in advances

State Bank of India (SBI) has slipped 5% to Rs 1,965 ahead of its Q1 results tomorrow on worries over lower net interest margins.

Analyst expects, net interest income (NII) to grow by 22% on year-on-year (yoy) basis led by 14% growth in advances, even as net interest margin (NIM) contract slightly by 5 basis points (bps) to 3.5% for the first quarter ended June 30, 2012.

According to market reports, traders cited market concerns about the lender's NIM and expressed worries would post a rise in non-performing loans in the April-June quarter.

The stock opened at Rs 2,067 and hit a high of Rs 2,081 before falling about 6% from day’s high on the NSE. A combined 4.81 million shares have changed hands on the counter so far on both the exchanges.

image
Business Standard
177 22