What is the story about?
SBI Q1 Results Live Updates: India's largest lender, State Bank of IndiaLtd. is set to report results on Friday, August 8. SBI's results are generally reported during market hours. Analysts are expecting India's largest
lender's loan growth to outpace industry, while on a sequential basis, earnings are expected to be stable. SBI's loan growth is likely to be 12% from last year, according to analysts, while its Net Interest Income (NII) or the core income may remain flat, with a growth of just 1% from last year. NII and profitability may both decline sequentially. In fact, SBI's net profit may decline year-on-year as well. Pressure on the cost of funds is likely to compress margin expansion, while margins on a sequential basis may decline. Asset quality, slippages and the outlook for the full year are some of the key factors to watch. The stock has remained flat in a narrow range all through the year. Watch this space for all the live updates.
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