MARKET EYE-SBI gains; StanChart says bank to revise debt numbers

Mon Nov 12, 2012 12:58pm IST

Related Topics

Stocks

   

* Shares of State Bank of India rise as much as 1.5
percent after Standard Chartered Bank says SBI over-estimated
its gross slippage for the July-September quarter, according to
an email sent to clients. 
* Gross slippages at the bank should be at 71 billion rupees
($1.30 billion), in line with expectations and management
guidance, StanChart said in its email.
* StanChart added SBI was updating its numbers from Friday's
July-September results and would clarify this at an investor
conference call later in the day.
* On Friday, SBI said gross slippages were at 85 billion rupees,
as part of quarterly results that showed its smallest profit
increase this year, which sent shares down 3.9 percent. 
 
* Net slippages and gross and net non-performing loans remain
unchanged, Standard Chartered said.
* Senior executives at SBI were not immediately reachable.
* SBI shares were up 0.7 percent as of 0727 GMT.
($1 = 54.7550 Indian rupees)

 (swati.pandey@thomsonreuters.com)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Market Eye

REUTERS SHOWCASE

Bullish on Equities

Bullish on Equities

Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs  Full Article 

Streamlining Operations

Jet Streamlines

Jet Airways chairman says looking to restructure debts, talking to bankers  Full Article 

Political Economy

Political Economy

Analysis - Watch what markets don't do as world politics turns nasty   Full Article 

Photo

Honda's India Thrust

Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec   Full Article 

Short of Expectations

Short of Expectations

Apple revenue lags Street's view despite strong China growth  Full Article 

Mircosoft Results

Microsoft Results

Microsoft revenue rises, profit falls as Nokia absorbed  Full Article 

Relief For Sahara

Relief For Sahara

Supreme Court could allow Sahara boss to conduct asset sale talks, company says.  Full Article 

Photo

Food Scandal

Five held in China food scandal probe, including head of Shanghai Husi Food   Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage