SBI may post impressive Q2 earnings on steady performance
The SBI posted Rs 2,312 crore profit in the first quarter of FY20 as provisionings declined 11 per cent year-on-year. According to Motilal Oswal, the risk-reward for the SBI has turned favourable after suppressed earnings for the past several years due to issues pertaining to asset quality merger and an adverse rate environment.
Tribunal (NCLT) resolutions and normalisation in credit cost, according to a broking firm. Reuters