MUMBAI 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)
Trending On Reuters
It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article