Earnings growth in Q2 likely to be 30-35%: SBI Chief

The country's largest bank State Bank of India (SBI) expects its earnings growth in the second quarter of this fiscal (FY10) to be around 30-35 per cent, the bank Chairman O P Bhatt said.

"We expect a growth of 30-35 per cent year-on-year in our earnings in the second quarter," Bhatt said on the sidelines of a Ficci-IBA seminar here today.

The bank did not expect any mark-to-market losses in its treasury segment in the second quarter, he added.

The bank has also seen a healthy growth in its retail loans in the second quarter- almost twice as high as compared to the year-ago period, Bhatt said.