SBI falls on fears of likely higher bad loans for Oct-Dec

Wed Feb 13, 2013 3:49pm IST

People walk in front of a signboard displayed at the head office of State Bank of India in Mumbai November 9, 2009. REUTERS/Arko Datta/Files

People walk in front of a signboard displayed at the head office of State Bank of India in Mumbai November 9, 2009.

Credit: Reuters/Arko Datta/Files

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Reuters Market Eye - Shares in State Bank of India fell as much as 2.3 percent on speculation that the bank could report higher-than-expected bad-loans in the October-December earnings on Thursday.

SBI could also miss consensus earnings per share (EPS) estimates by 3 percent in the October-December quarter, according to Thomson Reuters StarMine SmartEstimate data, which measures the forecasts from top-ranked analysts against wider forecasts.

StarMine SmartEstimate suggests EPS for the quarter ending December at 52.50 rupees, compared with mean estimates of 54.15 rupees.

(Reporting by Manoj Dharra)

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