SBI NSE Stocks – Lucrative Bets

For some time banks were in the news on threats to their ratings because of bad loans and low quality of assets. SBI, India’s largest bank, is no exception. A gradual recovery is being witnessed at present, and hence, no major threat to their ratings! According to market experts the issue of non-performing loans may continue for few more months affecting the SBI NSE stocks.

SBI NSE is trending at present. According to the last 52 week price statistics, price of the stock was perched lowest at Rs. 1802.30 and highest at Rs. 2551.70.

According to the Chairman of the bank, q4 (January-March) would register better figures compared to q3 because of lower non-performing assets in addition to better recoveries in retail NPAs. A positive gaining is also expected from the bank’s agriculture portfolio.

Going by year-on-year performance, SBI NSE stocks are lucrative bets for the long term. For short term, cautiousness should be the mantra! And that's the same case with BSE Banking Index.

On the BSE Banking Index, ICICI Bank is up 3.4 pct, Yes Bank up 1.3 pct, HDFC Bank rises 0.7 pct, SBI up 0.5 pct

SBI Q1 Net Profit Results: Expectations exceeded but shares plunge!

State Bank of India declared it's Q1 Net profit results. The SBI Q1 results have surpassed analyst expectations however the shares plunged on the grounds of rise in bad loans too.

State Bank of India has posted a second surge in the net profit from 15.84 billion rupees a year to 37.52 billion rupees. This is higher than the expectations of the analysts who had expected a net profit of 36.17 billion rupees. However there has been an improvement in the bad debts in the quarter ending March. UBS had downgraded SBI's rating from Buy to Sell on grounds of weak monsoon adding woes to it's high bad loans. The slowdown in Indian economy and falling monsoon rains are said to add to the already high bad loans by the bank.

The net interest income experienced a rise of 14.6 per cent to 111.19 billion rupees.

State Bank of India NSE shares also experienced a downfall of 2.7 per cent in Mumbai market on Friday afternoon. The investors have been experiencing some nervousness in view of the State Bank of India’s exposure to embattled Kingfisher Airlines and Air India.