SBI December quarter net profit is seen at Rs2,059.4 crore, according to a Bloomberg poll of 16 analysts. In the previous quarter last year, the bank reported a profit of Rs2,610 crore and Rs1,582 crore in the September quarter. Provisions: Credit costs or the percentage of provisioning against total advances is expected to rise because of fresh loan slippages and the bank’s strategy to shore up provision coverage ratio. Loan growth: After a period of sluggishness, system loan growth has started reviving and touched the 10% mark in December. The bank had earlier guided for 5-6% loan growth in the current fiscal.

Source: Mint February 09, 2018 05:37 UTC