 "Prabhudas Lilladher expects lower rates and slower loan growth to impact NII and NIM during the quarter under review")
India’s largest government-owned bank, State Bank of India (SBI), is set to declare its September quarter result (Q2FY21) on Wednesday, November 4, under the chairmanship of Dinesh Khara. Analysts, however, remain divided on the bottom-line figures. Net profit, for instance, may come in anywhere between Rs 2,172.2 crore and Rs 4,676.5 crore, say analysts.
The lender had, during the June quarter of FY21, positively surprised Street with a net profit of Rs 4,189 crore driven by lower provisions and one-time gain from stake sale in SBI Life. Net interest income (NII) during the quarter stood at Rs 26,641 crore.
Now,
