SBI Share price: CLSA increase their price target to Rs 560 on strong Q3 FY21 numbers
SBI’s Q3 FY21 performance was much better than expected, with Q3 FY21 gross slippages of just Rs 25 bn (<0.1% of loans) which is the best among banks under their coverage that have reported and now full-year slippages of 1.5% of loans is the lowest the bank would have seen in the last 15 years.
SBI’s retail asset quality has been impeccable (<50bps credit costs) over the last decade and with the end of the corporate credit cycle, SBI’s asset quality is finally delivering better asset quality: Reuters