- SBI’s net income for the first quarter reached 191.6 billion rupees, a significant increase of 12% compared to the previous year, surpassing the estimated 169.38 billion rupees.
- The gross non-performing assets (NPA) ratio slightly rose to 1.83% from the previous quarter’s 1.82%, matching the estimated value.
- The total amount of gross non-performing assets was 780.4 billion rupees, showing a 1.5% quarterly increase, which is slightly below the estimated 785.54 billion rupees.
- Provisions decreased by 26% from the previous quarter, amounting to 47.6 billion rupees.
- Provision for loan losses increased by 24% quarter-on-quarter, totaling 49.3 billion rupees.
- Operating profit saw a 15% year-on-year boost, reaching 305.4 billion rupees, again exceeding the estimated 270.5 billion rupees.
- Market analysts’ ratings show 41 buys, 8 holds, and 1 sell for SBI’s stock.
State Bank Of India on Smartkarma
Analyst coverage of State Bank of India on Smartkarma is providing valuable insights into the company’s recent and potential fund-raising activities. Sumeet Singh, in his research report titled “SBI US$3bn QIP – No Surprises – Not the World’s Best Kept Secret,” discusses State Bank of India’s plan to raise US$3bn through a Qualified Institutional Placement (QIP). Despite previous challenges, Singh remains optimistic about this move. Another report by Sumeet Singh highlights the history of the bank’s fund-raising efforts, pointing out that the last US$2.3bn raised in 2017 did not perform well. This analysis sheds light on the upcoming potential of another US$3bn QIP and emphasizes the need for careful consideration of market dynamics.
On the contrary, Gaudenz Schneider presents a more cautious view in the report “State Bank of India (SBIN IN): Reserve Bank of India Day Patterns Offer a Tactical Trade Setup.” Schneider focuses on the potential impact of the Reserve Bank of India’s expected rate cut to 5.75% on State Bank of India’s stock performance. Analyzing historical data, Schneider indicates negative returns for the bank on rate cut days. This report provides traders with actionable insights based on patterns observed in the State Bank of India’s behavior in response to RBI rate decisions. This contrast in sentiments from different analysts highlights the diverse perspectives available on Smartkarma for investors evaluating State Bank of India’s future prospects.
A look at State Bank Of India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
State Bank of India, a leading financial institution in India, presents a promising long-term outlook based on the Smartkarma Smart Scores. With a high score of 5 in Dividend and solid scores in Value, Growth, and Momentum (4 each), the company is positioned well for stability and growth. The bank’s emphasis on rewarding shareholders through dividends reflects its financial health and commitment to shareholders.
While the Resilience score of 3 indicates some room for improvement in managing risks, overall, State Bank of India appears to be a strong player in the banking sector with a diversified portfolio of services. Its international banking operations further enhance its potential for growth and stability in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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