SBI’s Profits Dip, Miss Estimates

SBI’s Profits Dip, Miss Estimates

Indian state-owned lender SBI reported a 6.7% YoY decrease in net profits to INR 65bn ($820mn) for the quarter ended June, missing analyst expectations of INR 74.96bn ($940mn). The dip in profits was impacted by MTM Losses on its investment book. The bank’s total...
SBI’s Profits Dip, Miss Estimates

SBI Reports Record Quarterly Net Profit

India’s biggest lender State Bank Of India (SBI) reported its highest ever quarterly net profit with a 41% YoY jump to INR 91.14bn ($1.14bn) during its quarter ending-March 2022. The total income of the bank rose to INR 826.13bn ($10.63bn), up 1.6% YoY. SBI’s net...
SBI’s Profits Dip, Miss Estimates

SBI Plans to Raise $2bn via Offshore Bonds

India’s state-owned lender State Bank Of India (SBI) plans to raise $2bn by issuing long-term offshore bonds in the current financial year 2022-23. The bond issuance could be under a single deal or multiple tranches through a public offer or private placement of...
SBI’s Profits Dip, Miss Estimates

SBI Reports 62% Quarterly Profit Jump

State Bank of India (SBI) reported a 62% jump in its Q3 profits to INR 84bn ($1.1bn), its highest quarterly net profit ever. The bank’s domestic non income margin was at 3.40%, increasing 6bps YoY. Its gross non-performing asset (NPA) ratio declined by 94bp to...
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