Strong credit demand is expected to support net interest income (NII). SBI has guided for around 14-15% credit growth in FY27, after its advances grew nearly 19% year-on-year in Q1FY27.
\n\nStreet expects SBI to report a healthy quarter, with strong growth in core profitability.
\n\nFresh slippages will be a key metric to monitor after the seasonal uptick in Q1, particularly in the agriculture and MSME loan segments.
\n\n– SBI had reported a 14.4% year-on-year growth in its Net Interest Income during the June quarter to ₹46,992 crore
\n\n– The lender’s pre-provisioning operating profit had grown by 9.8% from the year-ago period to ₹33,529 crore
\n\n– Net profit had grown 10.2% on a year-on-year basis to ₹21,121 crore
\n\nShares of SBI have gained 4% in the last one month in the lead-up to results.
\n\nAs a result of this move, the stock has also turned positive on a year-to-date basis.
\n\nThe lender, India’s largest, will be reporting numbers in a few minutes from now.
\n\nNumbers are likely to be reported between 1 PM to 1:30 PM.
\n\nThe management will be addressing the media at 2:30 PM
\n\nWelcome to CNBC-TV18’s Live Coverage of State Bank of India’s Q2 results.
\n\nThe numbers will…
Original source: https://www.cnbctv18.com/entertainment/
