 "SBI, State Bank of India")
SBI Q1 preview: India’s largest state-owned bank, State Bank of India (SBI), could take a hit on its profits for the April-June quarter (Q1FY23) as the lender nurses treasury losses, said analysts. Projections on the quantum, however, vary widely across brokerages as they see a sequential slide in profit after tax ranging between 7 per cent and 51 per cent.
That apart, tepid loan growth on a quarterly basis may also sour earnings sentiment. The bank is slated to report its earnings on Saturday, August 6.
“Credit growth is likely to follow industry average trend (up 2 per cent quarter-on-quarter, though up 15 per cent year-on-year on a low base) led by sequential uptick in retail, corporate and overseas advances…
