SBI Q4 Results Review - Surging Quarterly Profits, Bar Set For Higher Return Ratios: ICICI Direct

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Direct Report.State Bank of India reported a stellar performance in spite of higher expenses. Gross non-performing asset, net non-performing asset improved 36 basis points, 10 bps QoQ respectively; slippage ratio at 0.41%.Though net interest income was up 29% YoY, other income grew 17% YoY, higher opex on employee provisions dented operating profit growth. Net interest margins improved QoQ by 10 bps.SBI's lower provisions and healthy topline resulted in profit after tax growth of 83% YoY at Rs 16695 crore.Gross advances up 16% YoY, deposits up 9.2% YoY; current account and savings account dipped to 43.8% versus 44.5%.Key triggers for future price performance:SBI provided credit growth guidance of ~12-16%, with NIMs to be maintained.Healthy recoveries trend to continue in the coming quarter (to the tune of Rs 3000-3500 crore).Management is comfortable on expected credit loss provisions and adequate buffer to aid healthy earnings and, thus, return on asset trajectory of more than 1% to continue.Continued traction in customer and business accretion via “Yono”. Unlocking of subsidiaries value to act as positive surprise..Click on the attachment to read the full report:.ITC, SBI, Thermax, Tata Elxsi, PSP Projects, Endurance Technologies & More Q4 Results Review: HDFC Securities.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

SBI Q4 Results Review - Surging Quarterly Profits, Bar Set For Higher Return Ratios: ICICI Direct

Continued traction in customer and business accretion via “Yono”. Unlocking of subsidiaries value to act as positive surprise.

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SBI Q4 Results Review - Surging Quarterly Profits, Bar Set For Higher Return Ratios: ICICI Direct

Continued traction in customer and business accretion via “Yono”. Unlocking of subsidiaries value to act as positive surprise.

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