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

Related News

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.

Read more on:   
|
|

Read More

Sebi imposes fine on three persons for lack of disclosure

Pursuant to this purchase, their total holding rose to 11.2% in the company, crossing a threshold limit of 10% to attract the provisions of Sebi's ...

Quick Links

 

Market News

Recovery process gathers momentum at NSEL

MPID Court directs asset sale of NSEL defaulter Metkore worth around Rs. 95 crore

Videocon d2h files fresh papers for Rs 700-cr IPO

Videocon d2h Ltd, the satellite television arm of the Videocon Group, has filed fresh papers with the Securities and Exchange Board of India ...

Sensex posts second weekly fall; flows, earnings awaited

The BSE Sensex fell on Wednesday, with blue chips such as ITC retreating, as traders refrained from building positions ahead of an extended ...

Decoding India Inc's equity capital-raising trend

Banks lead the chargeMost big-ticket issuances were from the financial sector

Petrochemicals prices start correcting

Polyester yarn industry worst affected, bearish outlook for benzene

Back to Top