SBI Share Price Today: From GNPA, NPAs, margins, retail growth, home loans, auto loans, Yes Bank to ICICI Bank | Explained
SBI also expects limited stress after Covid-19, given its relatively resilient retail book. Improving prospects of resolutions in some large corporations should further reduce corporate NPAs. SBI now carries strong PCR on NPAs (71%), driven by strong PPoP on healthy margins and value unlocking in subsidiaries and investments. The Covid-19 provisioning buffer stands at Rs71bn, or 0.31% of loans. Based on PSB standards, this looks reasonable and should help limit incremental credit cost - driving RoA/RoRWA to 0.6%/1.1% by FY23E.
After unlocking, SBI retail growth is swiftly moving toward pre-Covid levels. This is driven by home loans in which SBI has a leadership position and auto loans where it has made deep inroads due to competitive rates: Reuters