SBI chairman sees margins at 3.75 pct in next two quarters
MUMBAI (Reuters) - State Bank of India (SBI.NS), the country's biggest lender, expects net interest margins at 3.75 percent in the next two quarters versus 3.77 percent in the quarter ended September 30, chairman Pratip Chaudhuri said on Friday.
Earlier in the day, SBI posted a 30 percent gain in quarterly net profit, the smallest increase this year, as higher provisioning for bad loans constrained earnings growth.
(Reporting by Swati Pandey; Editing by Sunil Nair)
- Tweet this
- Share this
- Digg this
- Islamic State fighters kill 220 Iraqis from tribe that opposed them
- UPDATE 7-Apple's Cook: "I'm proud to be gay"
- UPDATE 1-Islamic State fighters kill 220 Iraqis from tribe that opposed them
- Bike-riding US nurse defies Ebola quarantine, on collision course with governor
- Apple's Cook: "I'm proud to be gay"
India's universal health plan that aims to offer guaranteed benefits to a sixth of the world's population will cost an estimated 1.6 trillion rupees ($26 billion) over the next four years, a senior health ministry official said. Full Article