Mr. Rajiv Mehta, Lead Analyst - Institutional Equities
"SBI delivered a sturdy show at the core in Q1 FY21, characterized by robust NII growth, resilient fee performance, restricted cost growth and prudent utilization of higher operating and treasury income towards augmenting provision coverage on NPLs and the standard portfolio. Key positive surprise was the substantial expansion of NIM, despite a material decline in LDR and increase in balance sheet liquidity. It was driven by a sharp fall in the cost of deposits. Improved disbursement activity from June in retail segment, about 90% of term loan customers having paid two or more EMIs and negligible SMA1/2 exposure lend some comfort on future outcomes."
Shares of STATE BANK OF INDIA was last trading in BSE at Rs.191.45 as compared to the previous close of Rs. 186.55. The total number of shares traded during the day was 6250526 in over 33874 trades.
The stock hit an intraday high of Rs. 194.9 and intraday low of 186.85. The net turnover during the day was Rs. 1198698537.