 "SBI")
The country’s largest lender State Bank of India (SBI) is expected to see a turnaround performance in the June quarter of financial year 2019-20 when it reports numbers on Friday, August 2. Analysts peg the net profit at Rs 5,934.5 crore as compared to a net loss of Rs 4,875.9 crore in the corresponding quarter of the previous fiscal (Q1FY19).
On a sequential basis, SBI clocked a profit after tax (PAT) of Rs 838.4 in the March 2019 quarter (Q4FY19). Contained slippages and double digit loan growth could further aid profitability, they say.
Here is what leading brokerages expect:
ICICI
