 "The bank had clocked a net profit of Rs 2,312.2 crore in Q1FY20 and Rs 3,580.8 crore in Q4FY20.")
Stake sale gain from SBI Life during the June quarter of the current fiscal year (FY21) may be the only saving grace for State Bank of India (SBI) when it reports its Q1FY21 earnings on Friday, July 31. Amid declining interest income and lower net profit sequentially, analysts see India’s largest public sector bank’s business growth to be modest in the recently concluded quarter.
“SBI’s exposure to the stressed pool stands at around 2 per cent of total loans, while its net stressed loans (excluding NNPA) at 0.3 per cent are the lowest amongst corporate banks. The proportion of the moratorium
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