Here's why stressed power accounts are unlikely to impact SBI numbers

With provision coverage ratio satisfactory, credit cost expected to stay within earlier forecast levels, feel analysts

With the Allahabad High Court not providing any relief on stressed power loans that are impacted by the Reserve Bank of India's (RBI's) February 12 order, one might have expected it would impact the share price of public sector banks (PSBs).

On Monday, the Bank Nifty had risen 1.5 per cent on hope that the court would provide relief. However, despite the lack of interim relief, the index fell only 0.3 per cent in Tuesday's trade.

There are concerns that most PSBs and corporate-focused private banks would need to make additional provision for these loans. The action deadline for RBI's order ended