SBI falls on fears of likely higher bad loans for Oct-Dec
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)
- Tweet this
- Share this
- Digg this
- British Muslims urge cooperation in Foley murder hunt
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Insight - As Ukraine forces gain in east, focus of German diplomacy shifts
- US STOCKS-Wall St to open up after jobless claims data; Jackson Hole ahead
- Landslides hit Japan's Hiroshima, killing at least 36 |
Government officials painted an upbeat picture for the economy on Thursday as it struggles to emerge from the longest spell of sub-par growth in decades and promised to tighten up risk management at the country's dominant state banks. Full Article