SBI had reported its biggest-ever quarterly loss on higher provisions in Q4 last year. It had reported a net loss of ₹7,718 crore for the quarter ended 31 March, the second highest quarterly loss reported by an Indian bank. The brokerage predicts that SBI will report a gross NPA ratio of 8.1% and a net NPA ratio of 3.6%. Meanwhile, brokerage Elara Capital expects SBI to post a net profit of ₹4,254.2 crore in the March quarter of FY19. Of around ₹8,000 crore that the airline owes banks, SBI’s exposure is close to ₹2,000 crore.

Source: Mint May 10, 2019 03:00 UTC